Senior Accountant, General Accounting
Job Description
ACT Entertainment
Department: Finance Employment Type: Exempt
Reports To: Chief Financial Officer Location: Remote
ACT Entertainment has been in business for over 40 years! Our innovation in the entertainment industry has shaped the future for sustainable growth. This role as Accounts Payable Specialist will contribute to the Finance team.
Position Summary
The Senior Accountant, General Accounting (Consolidation & Automation) is responsible for documenting, standardizing, and automating ACT Entertainment's financial consolidation process across three ERP systems — Microsoft Dynamics AX (Legacy ACT), NetSuite (tvONE), and Xero (Ambersphere, U.K.). The role will map the current consolidation end to end, build the control documentation and procedures that make it repeatable, and lead the transition from manual, spreadsheet-based consolidation to an automated, system-driven process.
This position works hand in hand with the Senior Accountant leading the FloQast close-management implementation so that the consolidation process, close checklist, and reconciliations operate as one integrated close. Beyond consolidation, the role draws on the candidate's internal audit and engagement-leadership background to serve as the internal audit function across all three entities — pressure-testing account balances and account reconciliations to ensure the integrity of each entity's books — and is a full member of the General Accounting team participating in the monthly close, technical accounting, and external audit support.
Duties & Responsibilities:
Consolidation Process Documentation
- Map the current month-end consolidation process from trial balance extraction in each ERP through eliminations, currency translation, and consolidated financial statements; document data flows, mapping tables, manual adjustments, and control points.
- Build and maintain a consolidation procedures manual, chart-of-accounts mapping across the three ERPs, and a standard elimination entry library.
- Identify gaps, inconsistencies, and single points of failure in the current process and recommend remediation.
Consolidation Execution
- Prepare the monthly consolidation, including intercompany eliminations, elimination of intercompany profit in inventory, equity eliminations, foreign currency translation (GBP/EUR to USD) and the resulting CTA, and top-side adjustments.
- Reconcile intercompany balances across entities monthly and drive resolution of out-of-balance conditions with entity accounting teams in the U.S. and U.K.
- Produce consolidated balance sheet, income statement, and cash flow statement and supporting schedules for the monthly reporting package, board materials, and lender reporting.
Automation & Systems
- Design and implement automation of the consolidation, including standardized ERP data extracts, automated mapping and roll-up logic, and automated elimination and translation entries; evaluate and help select consolidation tooling where appropriate.
- Build and maintain reporting and reconciliation views in Power BI (or similar) that tie entity-level ERP data to consolidated results.
- Partner with IT and ERP administrators on data integrity, master data (chart of accounts, entities, dimensions), and integrations.
Close Management Integration (FloQast)
- Work jointly with the FloQast implementation lead to embed consolidation tasks, intercompany reconciliations, and consolidation controls into FloQast checklists and reconciliation modules.
- Help define the consolidated close calendar and dependencies between entity closes and corporate consolidation.
General Accounting
- Prepare journal entries, account reconciliations, and flux analysis for corporate-level and selected entity accounts within the close calendar.
- Assist with technical accounting research and memos (e.g., foreign currency, intercompany, consolidation matters under ASC 810 and ASC 830).
- Support the annual audit, including preparation of consolidation workpapers, PBC schedules, and responses to auditor inquiries on eliminations and translation.
- Support the annual budget and forecasts with consolidated roll-ups and mapping.
Internal Audit & Balance Sheet Integrity (All Three Entities)
- Serve as the internal audit function for Legacy ACT, tvONE, and Ambersphere; develop and execute a rotating review plan covering each entity's significant balance sheet accounts and close processes.
- Pressure-test account balances across all three ERPs: independently recompute, re-perform, or tie out key balances (cash, receivables, inventory, prepaids, fixed assets, accruals, intercompany, debt, and equity) to source documents, sub-ledgers, bank and lender statements, and third-party confirmations.
- Pressure-test account reconciliations prepared by entity accounting teams: evaluate whether reconciling items are valid, properly supported, aged appropriately, and cleared timely; challenge plugs, stale items, and unsupported adjustments and drive them to resolution.
- Review journal entries for appropriateness, support, and approval; perform targeted testing of manual and top-side entries, unusual postings, and period-end adjustments.
- Document findings, root causes, and corrective actions; report results to the CFO and track remediation with entity owners through completion.
- Identify control weaknesses and process gaps surfaced through testing and translate them into FloQast reconciliation standards, checklist controls, and procedure updates.
Controls & Continuous Improvement
- Design and document internal controls over the consolidation and intercompany cycle.
- Proactively identify and implement process improvements across the General Accounting function.
Supervisory Responsibilities:
Qualifications, Skills and Abilities:
- Master of Science in Accounting from an accredited institution. A bachelor's degree in a non-accounting discipline paired with a graduate accounting degree is welcomed.
- CPA candidate who has passed the majority of exam sections (licensed CPA also acceptable); completion of licensure expected and supported by the company.
- 3+ years of public accounting audit experience with a Big Four or comparable national firm (e.g., RSM, Grant Thornton, BDO), with progression to Senior Audit Associate.
- Experience leading audit engagements, developing and executing audit strategy and procedures, and supervising, delegating to, and reviewing the work of audit teams, including offshore/India-based team members. (Directly relevant to coordinating U.S. and U.K. entity teams and offshore service providers.)
- Experience preparing audit workpapers to test interim and year-end balances across cash, accounts receivable, revenue, and complex accounting areas; experience with financial statement and footnote preparation and review.
- Internal audit experience, including assessing higher-risk areas and transactions, testing whether controls are properly implemented, resolving discrepancies, and documenting findings with actionable recommendations.
- Strong command of U.S. GAAP, including ASC 606 (Revenue), ASC 842 (Leases), and ASC 350 (Goodwill), and the ability to research and document technical positions.
- Hands-on NetSuite experience (one of ACT's three ERPs); comfort learning and working across Microsoft Dynamics AX and Xero.
- Strong documentation skills and client-facing communication skills, including leading recurring client calls and managing stakeholder relationships.
- Auditor's mindset: professional skepticism, the ability to independently test and challenge balances and reconciliations, and the diplomacy to drive corrective action with peers.
- Experience auditing or preparing multi-entity consolidations, intercompany eliminations, and foreign currency translation (ASC 810 / ASC 830); training on ACT's consolidation process will be provided preferred.
- Experience with Power BI, SQL, Power Query, or similar data and automation tools preferred; aptitude and interest in systems and process automation required.
- Experience with CCH or similar audit/research tools; experience with consolidation or close-management software (e.g., FloQast, OneStream, Adaptive, Vena, Planful) preferred.
- Audit experience with technology companies or other high-growth, private equity–backed clients preferred.
- U.K./European accounting exposure, including FRS 102 or IFRS to U.S. GAAP conversion preferred.
- Strong systems thinker who sees how data moves between ledgers and identifies where processes break.
- Must be a disciplined documenter; builds procedures others can follow.
- Ability to be independent and objective; comfortable challenging work prepared by colleagues and escalating issues constructively.
- Ability to work collaboratively; work effectively with U.S. and U.K. entity teams, IT, and the FloQast implementation lead.
- Must be comfortable with ambiguity and legacy processes; ability to improve while still delivering the monthly close.
- Ability to travel up to 25%.
Physical Demands and Working Conditions:
- Frequently required to sit.
- Occasionally required to stand.
- Occasionally required to walk.
- Continually required to utilize hand and finger dexterity.
- The employee must be able to lift and/or move up to 25 pounds.
- Specific vision abilities required by this job include: close vision; distance vision; color vision; peripheral vision; depth perception and ability to adjust focus.
Company Values:
- Deliver Legendary Service: It’s all about the experience. With every experience, do the little things, as well as the big things, that surprise people. Make every interaction stand out for its helpfulness. Create the “WOW” factor that turns customers into raving fans. This includes both internal and external customers.
- Always: Demonstrate an unwavering commitment to doing the right thing in every action you take and in every decision you make, especially when no one’s looking. Always tell the truth, no matter the consequences. If you make a mistake, own up to it, apologize, and make it right.
- Practice Blameless Problem-Solving: Demonstrate a relentless solution focus, rather than pointing fingers or dwelling on problems. Identify lessons learned and use those lessons to improve ourselves and our processes so we don’t make the same mistake twice. Get smarter with every mistake. Learn from every experience.
- Contribute to Profit: We’re in business to deliver value for our customers while making money. We all play a role in building revenue that exceeds our expenses. Look for ways to increase our sales, develop new customers, and control our expenses.
- Honor Commitments: Do what you say you’re going to do, when you say you’re going to do it. This includes being on time for all phone calls, appointments, and meetings. If a commitment can’t be fulfilled, notify others early and agree on a new deliverable to be honored.
- Embrace Change and Growth: What got us here is not the same as what will get us to the next level. Get outside your comfort zone, rather than stubbornly hanging on to old ways of doing things. Be excited by the possibilities that change and growth bring. Be flexible.
- Be Positive: You have the power to choose your attitude. Choose to be joyful, optimistic, and enthusiastic. See the good in others. Your attitude is contagious. Spread optimism and positive energy.
- Keep Things Fun: While our passion for excellence is real, remember that the world has bigger problems than the daily challenges that make up our work. Stuff happens. Keep perspective. Don’t take things personally or take yourself too seriously. Laugh every day.
This job description is intended to convey essential functions and requirements of the position. It is not an exhaustive list of duties and may be subject to change based on organizational needs.
— Sarah J.
·
Marketing Manager
★★★★★
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