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Job Description
Paramount Global (NASDAQ: PARA, PARAA) is a leading global media and entertainment company that creates premium content and experiences for audiences worldwide. Driven by iconic studios, networks and streaming services, Paramount’s portfolio of consumer brands includes CBS, Showtime Networks, Paramount Pictures, Nickelodeon, MTV, Comedy Central, BET, Paramount+, Pluto TV and Simon & Schuster, among others. Paramount delivers the largest share of the U.S. television audience and boasts one of the industry’s most important and extensive libraries of TV and film titles. In addition to offering innovative streaming services and digital video products, the company provides powerful capabilities in production, distribution, and advertising solutions.
Overview and Responsibilities:
CP&E Finance is a highly visible global team responsible for the identification, analysis, and development of critical initiatives to drive the long-term profitability and growth of CP&E’s businesses worldwide.
This position is a key member of the Consumer Products & Experiences Finance team and will be responsible for all aspects of financial planning and analysis for Gaming & Emerging Media. This will include the development and ongoing enhancement of financial forecasting, planning, budgeting, and long-range planning processes. It will also include responsibility for assisting with month end consolidated P&L reporting and variance analysis to Senior Management.
The role will work closely with the wider Global Licensing Finance Team across several locations and will be responsible for enhancing the contribution of the finance function to the wider Global team.
This role will manage a large and disparate partner group and work closely with the Sr. Director FP&A, Global Gaming and Emerging Media to improve analytical tools and enhance operational visibility of risks and opportunities and awareness of strengths and weaknesses in the business to support overall business performance. This role will also play a critical part in creating, maintaining and distribution of performance measurements and analytics to support business leads in making informed decisions with the aim of growing the Gaming business and to expand into new areas including, but not limited to, Console Games, SaaS and NFTs.
Financial Management & Oversight
Manage Gaming & Emerging business P&L
Prepare ongoing cause of change analyses to support P&L variances on annual forecasts vs. Prior Forecast, Budget and Prior Year
Prepare quarterly earnings outlooks vs. quarterly forecasts analysis
Build and update key data and analytics for business decision support as requested by Strategy teams
Maintain Longview planning units (i.e., profit centers, cost centers, project codes) to ensure the most efficient reporting from the financial system. Embrace change and tailor reporting for any go forward changes to the Paramount Global financial planning system
Ensure reporting and all FP&A outputs are produced accurately and coincide with the deadlines established by Corporate Finance
Provide direct support in the building of the annual Budget and 5-year LRP
Craft LRP’s with a focus on business growth and ROI metrics
Conduct ad hoc modelling to support business decisions on emerging business initiatives as they arise
Work directly with Controller’s and Ancillary COE teams to ensure all transactions with the Games and Emerging Media Business are recorded properly in monthly accounting close process. This requires a working knowledge of accounting and revenue recognition rules
Meet with business leads on an ongoing basis to gather the necessary financial inputs for accurate and timely preparation of monthly P&L forecasts
Support the overall Global Licensing Finance team on an ad-hoc basis Basic qualifications
At least 6+ years combined experience in a media organization, finance team or accounting firm
Bachelor’s degree in Finance or Accounting; MBA/CPA a plus Additional qualifications
Highly analytical – data-based decision making, including strong Excel skills
Advanced user of Microsoft Excel to allow for efficient synthesis of large data sets
Experience with SAP and Longview is a plus
General interest in media industry, willing to draw on industry news/standard processes
Excellent written and verbal communication skills
Attention to detail with the ability to balance between micro and macro
Ability to solve problems and improve efficiency
Strong organizational skills – manage competing priorities and deadlines
Champions Creativity and Innovation
Builds Talent
Works both independently and in a team setting, working in office and remotely
Coaches/teaches others on key financial and/or accounting concepts
Exhibits excellent interpersonal and communication skills
Influence and effectively communicate with others to drive work forward
Design, apply, and interpret robust analytical solutions to support decisions
Positively contribute to a culture of people development and learning!
Paramount is an equal opportunity employer (EOE) including disability/vet.
At Paramount, the spirit of inclusion feeds into everything that we do, on-screen and off. From the programming and movies, we create to employee benefits/programs and social impact outreach initiatives, we believe that opportunity, access, resources and rewards should be available to and for the benefit of all. Paramount is proud to be an equal opportunity workplace and is an affirmative action employer. We are committed to equal employment opportunity regardless of race, color, ethnicity, ancestry, religion, creed, sex, national origin, sexual orientation, age, citizenship status, marital status, disability, gender identity, gender expression, and Veteran status.
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