42 is a management and film and television production company based in London and Los Angeles and is home to the world’s leading storytellers who impact and shape culture through original and ground-breaking content. Established in 2013, 42 is run by six partners: producers Rory Aitken and Ben Pugh, and managers Kate Buckley, Cathy King, Simon Beresford, and Josh Varney.
In December 2022, 42 acquired OB Management, an integrated director management and production firm for commercials and music videos. Originally conceived to represent emerging production companies and talent in music videos, OB expanded into talent management for directors and photographers in both music and advertising, simultaneously building a comprehensive production department to support an eclectic slate of projects across its departments.
This is a newly formed role which consists of two distinct elements, both reporting to the Financial Controller of 42.
40% of the role will involve having financial responsibilities for the financial and accounting operations of OB Management UK and will require the candidate to be based in our Camden Office two days a week.
The remaining 60% of the role will have oversight for 42’s Client Payment’s department which manages the payments for the UK & US Management part of 42’s business and is based in our Oxford Street Office in Central London.
The successful candidate will be responsible for:
OB Management (40%; Location Camden 2 days per week)
⢠Manage all accounting operations including billing, accounts receivable, accounts payable, revenue recognition (accrued & deferred income), month end journals including accruals & prepayments, expenses and cash disbursements, VAT and bank reconciliations.
⢠Provide Production Accounting support to the department leads including leading weekly production wrap meetings.
⢠Ensure quality control over financial transactions; managing and reviewing the work produced by two external part-time bookkeepers.
⢠Coordinate the month-end and year-end close process and ensure management, group and external deadlines are all met.
⢠Preparation of the annual budget and 6+6 reforecasting
⢠Maintaining regular and tight control of the cashflow forecast and rolling financial forecast by gathering information and updating Excel models.
⢠Produce, with support from Financial Controller, timely monthly management information packs to include profit and loss, balance sheet, cashflow forecast, departmental profitability and other reports as requested by the Board.
⢠Oversee the preparation and submission of Corporation Tax, PAYE and VAT returns.
⢠Responsible for Tax management e.g., VAT treatment, W9 forms, withholding tax.
⢠Oversee all banking, credit cards and finance activities and be first approver on payment runs.
⢠Coordinate with external accountants for annual accounts, corporation tax preparation and annual audit.
⢠Constantly seek improvements to existing systems and processes and implement approved changes.
⢠Day to day management of 2 part-time bookkeepers and running the bi-weekly finance meeting.
42 Client Payments (60%; Location Oxford Street 2-3 days per week)
⢠Oversight of 42’s client payment department
⢠Second approver of twice week client payment for 42’s Client Payment departments
⢠Day to day management of Head of Client Payments and providing leadership support of the 4 members of the Client Payments team.
⢠Responsible for managing any ad hoc projects within Client Payment
⢠Overarching responsibility for correct VAT and withholding tax treatment and ensuring agency and client payments are managed appropriately.
⢠Responsibility for continuous improvements within Client payments to increase accuracy, automation, control and efficiency, with a focus on continued integration of the Client Payment team with the wider business.
⢠Provision of Client Payment training across business to improve understanding across business.
⢠Production Payment runs as and when required.
The ideal candidate will possess the following attributes:
⢠Be qualified with ACA/ACCA/CIMA professional accountancy qualification.
⢠Have a strong academic record with first degree 2:1 or above.
⢠Have experience of working within the media industry ideally within a management company.
⢠Experience of managing and developing staff
⢠Experience working within a fast-paced finance function.
⢠Demonstrate strong financial understanding with thorough knowledge of accounting principles and procedures.
⢠skilled at in-depth financial analysis and providing expert financial perspective and opinions.
⢠Excellent attention to detail and problem-solving abilities.
⢠Be organised, self-motivated and focused on constantly improving (self and processes)
⢠Have great communication skills and the ability to interact at all levels and departments of the organisation.
⢠Be a positive character with opinions you are not afraid to voice.
⢠Highest standard of accuracy and place importance in only circulating highest quality work
⢠Excellent Excel skills
⢠Knowledge of SAGE and QuickBooks would be an advantage.
⢠Candidate must be confidence a self-starter, able to work independently and across different priorities with a can-do attitude.
⢠Motivated to be part of an exciting, growing business and the drive to become a key player in taking the business forward.
The role is full time and requires being based in our Central London Offices. Candidate could work 1 day a week from home.
To apply please send your CV and covering note to recruitment@42mp.com
