Manager, Financial PlanningApply
A. STUDIO OPERATING (PROFIT/(LOSS)) BUDGETS – Advise and assist department heads in preparing expense budget projections. Attend budget meetings. Develop projections for other budgetary expense centers, budget for revenue, payroll, direct costs, other income and expense. Review and revise departmental expense forecasts for accuracy. Input budget data into computer system. Review Budget Performance Reports during the year, investigate variances and report findings.
B. STUDIO CAPITAL BUDGETS AND CAPITAL PROJECT REQUESTS – Determine the feasibility of proposed projects and help determine priorities and timing of proposed capital expenditures. Evaluate individual projects against the capital budget during the year and maintain status reports for expenditures and commitments. Prepare supplemental capital project requests for cost overruns or scope changes when required.
C. STUDIO CASH AND BALANCE SHEET BUDGETS – Derive a balance sheet budget from the operating and capital budgets and derive a cash budget from the balance sheet budget. Prepare studies for recommending partner distributions or fundings based on projected cash requirements. Prepare non-routine reconciliations of cash and bank balances, receivables, and other balance sheet entries.
D. STUDIO RATE CARD – Collect data from department heads regarding price changes, format changes, the competitive marketplace, etc. Compute profitability studies. Compile all recommendations for price changes. Project revenues and costs for establishing overall profitability targets. Conduct special studies to analyze costs of services such as: office space, etc. Assist in evaluating the Rate Card on a continuing basis during the year, recommending adjustments and performing pricing studies for new items.
E. PROFIT/(LOSS) FORECASTS – Prepare quarterly, full-year and ad hoc P/(L) forecasts and explain variances. Review P/(L) actuals to monitor trends in, and test reasonability of, revenues and expenses booked. Develop and maintain historical information for forecasting, budgeting and rate card purposes.
F. CASH FORECASTS – Prepare quarterly, full-year, and ad hoc forecasts and explain variances. Review cash actuals to monitor trends in cash flow and test reasonability of billings and receipts. Develop and maintain historical information for forecasting, budgeting, and rate card purposes.
G. STUDIO’S COST OF PER DIEM AND STAFF FRINGE – Assist in constructing financial models to predict the costs incurred by the Studio in providing fringe benefits for show and overhead personnel. Collect detailed cost data relating to these fringe benefits and analyze variances from the model, revising the model when necessary.
H. FINANCIAL STUDIES AND REPORTS – Prepare a variety of special financial studies as requested by Studio management (studies include lease vs. purchase, worker’s compensation, special customer rebates, facility expansion proposals, Studio mortgage, etc. Prepare a variety of analyses and reconciliations arising from the normal Studio business (areas include holiday and vacation payments to per diems, inventory problems, government reporting, etc. Clarify financial policies and procedures with department heads.
- MBA or equivalent working experience in administration, accounting, or finance.
- Financial structures and complete understanding of accounting principles and procedures.
- Administrative and accounting experience.
- Proficiency in Microsoft Office 2016 environment.
- Excellent Excel skills.
- TM1, IBM Cognos, or other database software.