Netflix needs to rent a monetary analyst whose job might be to estimate the price of remaining funds underneath the studio’s new settlement with Hollywood unions on streaming productions.
In a job itemizing posted final week, Netflix stated the residual monetary analyst might be “a key member of our contingent compensation and reporting group” and that his main accountability might be to “interpret and analyze residuals based mostly on particular person guild, union and manufacturing situations.” Affect”. Service Settlement and execute accordingly. “
As Netflix explains, “Residual charges are extra compensation paid to actors underneath collective bargaining agreements with varied guilds/unions (i.e., SAG-AFTRA, DGA, and WGA) for reuse of content material past its unique Scope of use coated by compensation.”
Underneath AMPTP’s settlement with the Writers Guild of America, writers will obtain “success-based” bonuses if the unique streaming work is considered by 20% or extra of the service’s home subscribers within the first 90 days (or first 90 days) after launch. The variety of days in any subsequent yr that the title seems on the platform). Writers of tv collection will obtain bonuses of $9,000 to $16,400, and writers of function movies with budgets over $30 million will obtain bonuses of $40,500. In the meantime, the settlement with SAG-AFTRA features a $40 million residual bonus pool for streaming present forged members within the first yr of the deal, considerably lower than the quantity the union initially sought.
In response to Netflix job listings, the annual wage vary for this place is $60,000 to $290,000. As a part of forecasting and estimating residual prices, the residual monetary analyst might be answerable for working with the manufacturing accountant and producer to collect the knowledge wanted for residual setting. The analyst may also “collaborate with varied enterprise items inside Netflix” and work with third-party cost processors to supply related setup knowledge and guarantee full and correct setup of remaining funds.
In response to the job itemizing, candidates for this place will need to have at the very least two years of expertise and a bachelor’s diploma in accounting, finance, enterprise administration, or comparable diploma and/or an equal mixture of schooling and expertise. Different necessities embrace monetary evaluation and modeling expertise, “glorious Excel and Google net programming expertise” and “sturdy oral and written communication and presentation expertise.”
