Key Responsibilities

The Head of Finance will be responsible for the accuracy of the central transactional processing, implementing the appropriate financial controls of the business, third-party compliance, and the reporting functions within The Path Entertainment Group. Including but not limited to Group management accounts, annual statutory account preparation for all entities, VAT returns, tax returns, cash flow, investor statements, and all UK Payroll reporting.

This role reports into the Director of Commercial Operations and currently has a Management Accountant (responsible for UK site management accounts) and an Assistant Management Accountant (responsible for AP / AR for all entities) reporting to it.

Role Description

Finance

• Clearly communicate weekly and monthly project-level cash flow positions, highlighting potential pressure points or surplus opportunities to inform strategic business planning.
• Proactively flag financial risks and opportunities or environmental changes such as government, taxation, or indicatives to continue to allow Path to be efficient and strive for success.
• Maintain the rolling cash forecast, prepare weekly cash updates, and effectively manage liquidity in the business.
• Manage the work and development of the Management Accountant and Assistant Management Accountant to ensure accurate accounting, team motivation, and resource planning.
• Own accounting and bookkeeping systems and procedures, developing and improving finance processes as the business continues to grow and change.
• Prepare monthly accounts for Group companies and review accounts prepared by the Finance team.
• Work with the relevant Group budget holders to understand and complete forecasts and budgets.
• Act as a business partner to the licensing team and ensure finance is on top of all new and existing deals, and their financial consequences for the business.
• Responsible for all tax reporting under the Group entities.
• Own the relationship with external accountants and manage the annual audit process.
• Contribute financial information to business plans and proposals.
• Manage relationships and negotiations with the bank.
• Work with our producers on establishing and managing royalties, pools, recoupments, investments, and distributions.
• Overall responsibility for payroll.
• Build strong relationships with UK HR and payroll providers to ensure payroll reporting is completed accurately.
• Communicate with stakeholders on finance and business development matters.
• Provide commercial awareness of activities within the arts and entertainment sector, support, and develop new financial models.

Reporting and Governance

• Provide monthly reporting on production accounts, including profit and loss as well as project income, and ensure Directors are appraised accordingly.
• Prepare updates on Financial Quarters for Board Members and circulate in a timely manner.
• Present financial reporting in a format that is engaging, accessible, and relevant for a wide range of audiences, from internal Ops and creative teams to board-level investors and stakeholders.
• Attend meetings to lead on financial matters.
• Prepare Risk Assessments on key quarterly finance results and affect change accordingly.
• Provide financial reports for investors.
• Work with the CEO (or person of delegated authority) to proactively mitigate financial and legal risks to the company.
• Work with the CEO (or person of delegated authority) to analyse and develop narrative around business growth, trajectory, and market share as part of regular reporting to Directors.
• Liaise with HMRC as and when needed.
• Ensure all financial activity is in material compliance with all legislation, regulations, and The Path Entertainment Group’s policies.
• Work with the Operations, HR, and department heads to maintain and develop policies and procedures that encompass finance and accounting, such as expenses, procurement, GDPR, and ensure staff are fully appraised of their responsibilities in adhering to them.
• Provide monthly reporting on Group and Consolidated accounts, including profit and loss as well as project income, and ensure the relevant stakeholders are appraised accordingly.
• Ensure all financial activity is in material compliance with all legislation, regulations, and The Path Entertainment Group’s policies.

General

• To attend Company events, previews, press nights, and performances as required.
• To be an enthusiastic advocate of The Path Entertainment Group and present the company at production events and conferences, nationally and internationally.
• Develop and maintain relationships with key suppliers, investors, and stakeholders.
• Be willing to undertake necessary training or development.

Equal Opportunities

The Path Entertainment Group is an equal opportunities employer. We are committed to fostering a diverse and inclusive workplace where everyone is treated with respect and given equal opportunities, regardless of age, disability, gender identity, marital status, pregnancy, maternity, race, religion or belief, sex, or sexual orientation.