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VP, Production Incentive Financing

Cast & Crew

Cast & Crew

burbank, ca, usa
Posted on Saturday, June 22, 2024

At Cast & Crew, we’ve empowered creativity and supported the global entertainment industry for decades. Together with our family of brands - Backstage, CAPS, Checks & Balances, Final Draft, Media Services, Sargent-Disc, and The TEAM Companies – we operate as a combined entertainment technology and services provider offering industry standard screenwriting accounting software, digital payroll products, data & reporting, and a host of creative tools. The industry continues to move faster than ever, and the need for our expertise, our technology, and our people has never been greater. We are a production’s best ally every step of the way. #OneCastOneCrew

About Cast & Crew
We grew from a modest small business in 1976 to be the premiere provider of entertainment technology and solutions, staying true to our mission of modernizing content production and leading the digital transformation within the industry. Our cloud-based solutions and industry expertise help streamline the entire production lifecycle and have revolutionized how content is made. We now have a global workforce across a host of storied brands, spanning all areas of produced and live entertainment, from film, television, streaming, to advertising, live events, and short-form.


VP, Production Incentive Financing

Regular Full-Time

Position Overview

The VP, Production Incentive Financing is a strategic business partner who leads the production incentive financing division for Cast & Crew, Cast & Crew Financial Services (CCFS). This role oversees our production financing loan portfolio with the responsibility of assessing new opportunities as well as oversight of the existing loan portfolio. The role works closely with the Sales leadership within the Film, Television and Streaming (FTVS) of Cast & Crew reporting directly to the SVP/Head of Sales FTVS. The successful leader must be ready to roll up their sleeves and dive into the oversight of a large loan portfolio working directly with our clients (production companies), third party lenders, legal and finance business partners. The VP, Production Incentive Financing will have the opportunity to act as the manager of this financing operation with a leader production services company driving value for both Cast & Crew and our production clientele.

Core Responsibilities

  • Lead the Incentive Financing division, CCFS, including one direct report
  • Management of the CCFS loan portfolio to ensure all full compliance and financial oversight of all exposures
  • Maintain relationships and oversight of both bank lenders and outside legal counsel
  • Act as primary point of contact with producers and accountants for both new and existing loans
  • Work closely with the Sales team on new opportunities to ensure financing clients are utilizing the full suite of services from Cast & Crew
  • Work with the Production Incentives team to track incentive programs, legislative changes and activity tracking for current loans
  • Assess potential new loans including the preparation of credit committee memorandums detailing all aspects of the loan including collateral assessment, borrower credibility, timing and overall credit risk for each opportunity
  • Oversight of all aspects of the loans including but not limited to approval of transactions, monitoring of collateral values, estimating loss allowances, review of interest accruals and initiating funding requests
  • Manage a staff of one to ensure loans are entered correctly into Fundingo and all analysis completed timely and accurately
  • Prepare forecasts for the CCFS division including projected loan volume and cash flow
  • Manage outside vendors, review and approve expenditures
  • Support Finance team through annual audits of the business
  • Work with Legal to ensure full compliance including annual filing associated with the lending license, reporting to banks, and all other related compliance requirements
  • Establish and maintain strong relationships across all key stakeholders both internally and externally

Key Qualifications

  • Minimum of 5 years experience within entertainment industry banking with a focus on lending
  • Minimum of 3 years in the entertainment industry including production finance, production incentives and other related areas
  • Must have extensive knowledge of entertainment banking and a professional network of banking and finance contacts
  • Proficiency in loan management software solutions preferable Fundingo
  • Knowledge of calculation of SONIA, Libor, Euribor rates
  • Proven track record of loan portfolio management, successful project management and problem-solving skills
  • Outstanding interpersonal skills and ability to multi-task and communicate clearly and effectively (both written and verbal)
  • Excellent relationship-building skills with internal teams and external partners
  • Bachelor’s degree preferably in Finance, MBA a plus

Special Work Conditions

  • Occasional travel (if needed)
  • Client breakfasts, lunches and dinners and possible occasional event hosting in the greater Los Angeles area
Compensation is commensurate with various factors including, but not limited to, relevant experience, qualifications, skills, training, licensure, certifications, geographic cost of labor, and other business and organizational needs. Compensation range for candidates in other locations may differ based on the cost of labor in that location.
The compensation range for this position is:
$150,000$200,000 USD

Benefits

Cast & Crew provides a comprehensive package of employee benefits including: Medical, Dental, Vision, PTO, health and wellness programs, employee discounts, and more! Note: Cast & Crew benefits are subject to eligibility requirements.

Due to the high volume of applicants, it is likely that only shortlisted candidates will be contacted.

CA residents: Your personal information may be collected in connection with certain services provided by Cast & Crew or its affiliated companies. A summary of your California privacy rights can be found at: https://www.castandcrew.com/privacy-policy/

Cast & Crew is an equal opportunity employer committed to hiring a diverse workforce and sustaining an inclusive culture. It is our policy to provide equal employment opportunities to all individuals based on job-related qualifications and ability to perform a job, without regard to age, gender, gender identity, sexual orientation, race, color, religion, creed, national origin, disability, genetic information, veteran status, citizenship or marital status, and to maintain a non-discriminatory environment free from intimidation, harassment or bias based upon these grounds.