Director of Content Accounting, Crunchyroll
$175.7-219.6k
Streaming service for anime and manga
Job no longer available
Streaming service for anime and manga
1001+ employees
Job no longer available
$175.7-219.6k
1001+ employees
Company mission
To create experiences for anime and manga fans, and to enable them to connect through the content they love.
Role
Who you are
- You will have experience in media, dealing with royalties/participations in a high volume, data intensive environment
- You have a bachelor’s degree or higher in Accounting or Finance
- You are a CPA with Big 4 accounting firm (or similar) experience
- You have a minimum 10 years of relevant accounting experience, with a preference for royalties/participations experience
- You have experience with IFRS accounting standards
- You have experience working with Netsuite or other large scale ERP software
- You have experience working in a SOX 404 compliant environment
- You have Media or Tech industry experience
- You have accounting and finance system implementation experience, including design and testing
- You have advanced Microsoft Excel skills (Index Match, sumifs, pivot tables, etc)
What the job involves
- We are seeking an experienced, hands-on accounting professional to lead the content accounting team, managing our sub-ledgers and all related systems and activities for a catalog that includes thousands of distinct titles
- Licensed content is life of our organization, representing the single largest expense item and asset on our P&L and balance sheet, respectively
- As such, the Director of Content Accounting is a visible position with frequent interactions with senior leadership, and requires the ability to translate often complex or technical matters to non-accounting stakeholders
- Key to success in this role will be the ability to quickly comprehend and assess the capabilities of the teams, identify opportunities to improve current processes, and identify and implement any changes to systems to improve efficiency and accuracy
- Lead the content accounting team, with initial oversight of two dedicated team members, managing a catalog of 3,000+ unique titles
- Lead the design and implementation of a system to help automate all content related accounting calculations (accruals and actuals), partnering with our internal systems team and other stakeholders to assess existing needs and capabilities, and identification of an external vendor/software that can deliver a solution meeting all requirements
- Oversee and maintain the content accounting policy for the global organization, including related asset capitalization, amortization, impairment/write-off process and methodology, partnering with our parent company technical accounting team to ensure alignment with company policy
- Build all relevant SOX compliance controls
- Review all monthly/quarterly content JEs and supporting documentation, including accruals and subsequent true-ups of COGS, assets and liabilities
- Lead the preparation and presentation of content accounting matters, including impact of any material adjustments, explanation of period over period variances or deviations from forecasted expectations, to all all partners
- Partner across multiple departments to identify any process improvement projects of all content related financial information, and strict adherence to internal controls
- Review any content related intercompany transactions/entries and ensure understanding across domestic and international teams
- Partner with FP&A team to build content related budget/forecast projections
- Lead effort to align accounting policy, process and systems across all subsidiary locations, domestic and international, including existing subsidiary finance teams and any subsequently acquired entities
- Responsible for all content-related reporting requirements, including standard monthly/quarterly deliverables and supplemental information as needed by our publicly traded parent company
- Lead the response to any external auditor requests as required
- In the role of Director of Content Accounting, you will report to the Global Controller
Our take
In recent decades, anime - encompassing Japanese, Korean, and Chinese animation 0 has transitioned from a niche interest to a formidable industry, boasting a global market worth approximately $30B. Despite this growth, distribution has historically posed challenges, with series and films often reaching overseas audiences through disparate channels, if at all. Crunchyroll emerged to address this issue by consolidating the largest collection of anime into a single streaming service.
Sony's acquisition of Crunchyroll in 2021 for $1.75B expanded the platform's reach, integrating Sony's extensive animation library into its offerings. this move also positioned Crunchyroll for heightened competition against streaming giant Netflix, known for its substantial investments in anime production and acquisition. Currently, Crunchyroll maintains an unrivaled library of anime content, boasting over 44,000 episodes that have attracted over 0M paying subscribers.
While Crunchyroll initially offered a free, ad-supported tier to its vast community, it appears poised to phase out this option, transitioning to a subscription-based model for all new series. Despite this shift, the platform has implemented a global reduction in fees to stimulate subscription uptake. The success of this strategy remains to be seen, but past experiences with companies like Hulu suggest that it may drive subscription growth and mitigate piracy
Steph
Company Specialist at Welcome to the Jungle
Insights
Company
Funding (2 rounds)
Mar 2010
$0.8m
EARLY VC
Feb 2008
$4.1m
SERIES A
Total funding: $4.9m
Company benefits
- Receive a great compensation package including salary plus performance bonus earning potential, paid annually
- Flexible time off policies allowing you to take the time you need to be your whole self
- Generous medical, dental, vision, STD, LTD, and life insurance
- Health Saving Account HSA program
- Health care and dependent care FSA
- 401(k) plan, with employer match
- Employer paid commuter benefit
- Support program for new parents
- Pet insurance and some of our offices are pet friendly!
Company HQ
Miracle Mile, Los Angeles, CA
Leadership
Kun Gao
(Co-Founder & CEO)Co-founded Crunchyroll in 2006 and served as CEO/General Manager/Board Member until 2018. Previously the founder and CTO of Frappr.com as well as a Product Engineer at HOT or NOT.
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