Senior Manager FP&A, TV Film Costing

Job Description

Welcome to Warner Bros. Discovery… the stuff dreams are made of.

Who We Are…

When we say, ''the stuff dreams are made of,'' we're not just referring to the world of wizards, dragons and superheroes, or even to the wonders of Planet Earth. Behind WBD's vast portfolio of iconic content and beloved brands, are the storytellers bringing our characters to life, the creators bringing them to your living rooms and the dreamers creating what's next…

From brilliant creatives, to technology trailblazers, across the globe, WBD offers career defining opportunities, thoughtfully curated benefits, and the tools to explore and grow into your best selves. Here you are supported, here you are celebrated, here you can thrive.

Your New Role…

As a key member of the COE FP&A team, the Sr. Manager is responsible for managing the consolidation and by-title reporting process as well as the ultimates process and film cost accounting for Television Product produced or acquired by Warner Bros. Television and Max according to Film Accounting Standards ASC 926 for the planning cycles (Budget, Forecast, Monthly Update).

Partner with key stakeholders across Warner Bros Discovery, including Television Finance Group, Television Production, Worldwide Television Distribution, Turner Networks, HBO and Max to calculate Television film costs and related financial impacts of producer deals, co-financing arrangements and changes in television production strategy.

Television Ultimates and film cost accounting
• Manage ultimates process for Television series produced or acquired by Warner Bros. Television and Max including review and analysis and communication with BU's for updates
• Perform film cost accounting calculations for all planning cycles
• Analyze impact of ultimate changes on quarterly and annual gross profit results
• Review and analyze the ultimate submissions for all cycles (budget, forecast and actuals) from the business units in preparation for costing for Television product
• Perform Preliminary costing analysis to determine impact on changes for ultimates
• Determines appropriate film cost calculation during the planning cycles to ensure that appropriate film amortization, participation and residual expense is computed on appropriate Television titles
• Reviews, prepares and/or approves journal entries plan periods for any adjustments needed to ultimates costing
• Determines MPM attributes and ensures they are updated/maintained in SAP
• Oversees the preparation of specific By-Title Ultimate Profit & Loss statements as necessary and presents to management and the Television Business Unit (Studio and Max)
• Determines and communicates procedures to be followed by Business Units that provide Ultimate data
• Supervises the preparation of monthly, quarterly and annual Television performance reporting to department as well as Senior Management personnel
• Perform Ultimates review and record accelerated amort where applicable for plan cycles

Planning Cycle / Financial Reporting
• Review and analyze consolidated and divisional by-title gross profit reports for television product line
• Manage key stakeholder engagement with Sr. Management in WB Studios, HBO and Max
• Manage assumptions and instructions for Television Product across all planning cycles
• Respond to inquiries from business units finance personnel as well as management from WB Studios, HBO and Max
• Manage the TV Long Sheets submitted by the TV Production Business Unit
• Review the episodic delivery/completion data for titles in production
• Review the TV Production COC's for all planning cycles
• Reviews, prepares and/or approves journal entries for plan periods for any adjustments needed to plan cycles

Business Unit Analysis and Business Decision Support
• Assist the WB Studio business units request to provide pro-forma analysis and support strategic decisions
• Partner with DTC business unit assist in review and build estimates of by-title content revenues and downstream expenses, including performing deal, slate and greenlight/ROI sensitivities and analyses
• Maintain and evaluate ultimate title ROI/profitability models to assist the DTC business for strategic decisions
Other – Staff Development and coaching, Process Improvement Design
• Ensure compliance with SOX documentation requirements
• Champion corporate finance goals and develop FP&A and individual goals in support of overall goals
• Coach, develop and mentor staff, and promote an environment to attract top talent
• Assist in preparation of ad-hoc analysis as requested

Your Role Accountabilities…
• Advanced proficiency in Excel required (creating spreadsheets, pivot tables, v-lookups, macros)
• SAP BW/BPS experience preferred.
• Strong analytical and logic skills including ability to grasp the ''big picture'' while also maintaining strong detail orientations.
• Must have effective writing and verbal communication skills.
• Thorough knowledge of accounting principles and practices (GAAP) and financial statements
• Strong managerial skills
• Advanced proficiency in Excel required

Qualifications & Experience…
• Minimum of 5-7 years' experience in an accounting/forecasting or related environment required
• Previous experience in public accounting and/or the entertainment industry preferred
• BA/BS degree in Accounting/Finance/Business or related field required
• 2 – 3 years of Supervisor experience required

Championing Inclusion at WBD
Warner Bros. Discovery embraces the opportunity to build a workforce that reflects the diversity of our society and the world around us. Being an equal opportunity employer means that we take seriously our responsibility to consider qualified candidates on the basis of merit, regardless of sex, gender identity, ethnicity, union status, age, sexual orientation, religion or belief, marital status, pregnancy, parenthood, disability or any other category protected by law.

If you're a qualified candidate and you require adjustments or accommodations to search for a job opening or apply for a position, please contact us at recruitadmin@wbd.com.

Jobcode: Reference SBJ-r042ke-18-117-94-180-42 in your application.