Director, Residuals

Company Description

NBCUniversal is one of the world's leading media and entertainment companies. We create world-class content, which we distribute across our portfolio of film, television, and streaming, and bring to life through our theme parks and consumer experiences. We own and operate leading entertainment and news brands, including NBC, NBC News, MSNBC, CNBC, NBC Sports, Telemundo, NBC Local Stations, Bravo, USA Network, and Peacock, our premium ad-supported streaming service. We produce and distribute premier filmed entertainment and programming through Universal Filmed Entertainment Group and Universal Studio Group, and have world-renowned theme parks and attractions through Universal Destinations & Experiences. NBCUniversal is a subsidiary of Comcast Corporation.

Our impact is rooted in improving the communities where our employees, customers, and audiences live and work. We have a rich tradition of giving back and ensuring our employees have the opportunity to serve their communities. We champion an inclusive culture and strive to attract and develop a talented workforce to create and deliver a wide range of content reflecting our world.

Comcast NBCUniversal has announced its intent to create a new publicly traded company ('Versant') comprised of most of NBCUniversal's cable television networks, including USA Network, CNBC, MSNBC, Oxygen, E!, SYFY and Golf Channel along with complementary digital assets Fandango, Rotten Tomatoes, GolfNow, GolfPass, and SportsEngine. The well-capitalized company will have significant scale as a pure-play set of assets anchored by leading news, sports and entertainment content. The spin-off is expected to be completed during 2025.

Job Description

We are seeking a strategic, results-oriented Director, Residuals to lead our global residuals reporting function for both scripted and unscripted programs. This leadership role is essential to ensuring residuals compliance across all distribution platforms, overseeing payments, managing claims, and driving key departmental initiatives.

The ideal candidate is a subject matter expert in contract analysis, risk mitigation, and process optimization, with a strong background in Guild reporting standards, financial oversight, and cross-functional collaboration. You will work closely with departments such as Labor Relations, Business Affairs, Production Finance, and Legal.

Key Responsibilities:

Financial Oversight & Reporting

• Lead day-to-day operations of the Residuals team, ensuring timely and accurate reporting.
• Plan, forecast, and initiate monthly and quarterly residual payments.
• Track and analyze department KPIs to ensure on-time setups, processing, and payments.
• Oversee responses to internal, external, SOX, and Guild audit requests.
• Liaise with audit teams and Guild representatives; escalate issues as needed.
• Create and refine tools and methodologies to drive efficiently.
• Support financial planning including Ultimates, cash pacing, cost estimates, and accruals.

Process Optimization & Systems Enhancements

• Partner with IT and department leadership on system implementations and ERP upgrades.
• Lead efforts to test and enhance residuals systems and processes.
• Champion continuous improvement, leveraging automation and data analytics.
• Develop and manage training programs and materials to align with strategic goals.

Cross-Functional Leadership

• Act as a strategic advisor to Financial Contract and Reporting group, FP&A, Controllership, Legal, Business Affairs, Labor Relations, Marketing, Production and other business groups at NBCUniversal.
• Ensure data integrity and optimization of financial systems.
• Provide strategic insights to support business initiatives and growth.
• Collaborate across departments to support contract alignment with evolving business models.

People Management

• Direct, coach and train junior staff.
• Foster a collaborative and performance-driven team culture.
• Promote a culture of continuous learning, development, and operational excellence.

Qualifications

Basic Requirements:

• 8+ years of experience in Residuals or related financial reporting roles.
• Proven leadership experience managing teams and complex cross-functional projects.
• Deep understanding of Guild CBAs (Collective Bargaining Agreements), compliance, and reporting.
• Strong expertise in contract interpretation and financial documentation.
• Excellent problem-solving, communication, and executive influencing skills.
• Famili