Jim Prentice

Jim Prentice Email and Phone Number

MANAGER OF AR, COLLECTIONS & CREDIT - PAYROLL ACCOUNTANT @ ABC SIGNATURE STUDIOS, INC.
burbank, california, united states
Jim Prentice's Location
Los Angeles County, California, United States, United States
Jim Prentice's Contact Details

Jim Prentice personal email

n/a
About Jim Prentice

Credit & Collections is about managing risk to ensure cash flows consistently into the business and that all the hard work that goes into creating and delivering the products yields the expected return.In the entertainment & sports nutrition & lifestyle industry the revenue streams vary from traditional distribution to e-commerce to live entertainment and complex 3rd party arrangements with merchandisers, so Order-To-Cash means lots of moving parts that can change with every tour date and venue.My expertise is understanding the critical components and facilitating the information flows and relationships that keep cash flowing while managing credit profiles of accounts and communicating between operating units to share intelligence and minimize risk.Assumed responsibility for performance of all customer financial statements analysis, obtaining appropriate collateral where warranted and maintaining updated customer credit files.Created uniform credit and collection policy to ensure global consistency and implementation of audit controls supported by annual credit reviews and management sign-offs based on tiered customer hierarchy.As Manager of Accounts Receivables responsible for a $700M USD portfolio of 800 customers, leading a team of 32, including five direct reports managing task performance, including account activation, release of credit hold status, electronic data interchange (EDI), collections, deduction management and cash application functions for the US.CREDITPolicies & ProceduresCredit Analysis & Risk MitigationBankruptcy Monitoring & Litigation SupportSOX & Regulatory ComplianceOrder-to-Cash OperationsCredit Services ImplementationOngoing Maintenance & New File CreationACCOUNTS RECEIVABLESAP Accounts Receivable ERP ImplementationCommercial Collections ManagementKey Customer Accounts MgmtCash Receipts, Dispute Resolution & Credit MemosLEADERSHIPCross-functional CommunicationDevelopment, Coaching & MentoringGeographically Dislocated Teams

Jim Prentice's Current Company Details
ABC SIGNATURE STUDIOS, INC.

Abc Signature Studios, Inc.

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MANAGER OF AR, COLLECTIONS & CREDIT - PAYROLL ACCOUNTANT
burbank, california, united states
Employees:
17
Jim Prentice Work Experience Details
  • Abc Signature Studios, Inc.
    Studio Payroll Accountant
    Abc Signature Studios, Inc. Jun 2021 - Present
    Burbank, California, United States
    Manage payroll account activities during pre, post and wrap phases of production for various shows (Dollface S2, Promised Land S1, Big Shot S2 and Criminal Minds S16 & S17). Knowledge of union requirements and rate increases as they relate to timely and accurate payments of WGA, DGA, IATSE and Basic Crafts. Prepare payment schedules, calculating hours-to-gross timecards and obtaining proper approval from various production departments. Break crew timecards, submit to paymaster and authorize the release of payroll edits.
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  • Musclepharm Corporation
    Sr. Manager Of A/R, Credit & Collections
    Musclepharm Corporation Jul 2018 - Apr 2021
    Burbank, California, United States
    -Facilitate the US & International transition of Credit and Account Receivable from Denver, CO to Los Angeles.-Managed customer portfolio, collections of past due invoices for both domestic and international customers, account setups, order releasing, claims/disputes resolution, procedure & control assessment and transformation. Month-end audit and G/L activity support.-Recommended / engineered charge-back module implementation to improve cash application processing and accurate reporting of A/R transaction representation.-EDI integration to automate billing and aging /statement revamp to include missing key attributes.-Entire A/R sub-ledger management, setting collection targets, debt analysis & forecasting, bad debt reserve, write-off review and approval, reporting to management / CFO.-Invoice factoring of A/R to accelerate cash.-Daily cash application, BofA Lockbox, ACH, Wire, offsets, Cybersource credit card authorizations and captured/charges and refunds-Managed change-over to ensure uninterrupted flow of cash transfers into new banking system including high-touch communication with customers to ensure transition was fully implemented by customers.-Processing of credit card transactions and SPS commerce billing to retailers.-Reduced DSO from 61 days to 33 days in 6 months.
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  • Universal Music Group
    Sr. Credit Manager
    Universal Music Group Jun 2017 - Feb 2018
    United States
    Manage a portfolio of 1,300 customers with US and Canadian Tour and Merchandise sales of over $50M USD. Direct two person staff. Detail responsibility include: Managing credit riskFinancial statements analysisBuilding credit files for both existing / new customersEstablishing credit linesTraining and mentor staffCash collection and applicationDeduction management Establishing policies & proceduresPerform month-end reconciliation and balancing of AR tradeNegotiations and settlementsDevelop ongoing collaborative relationships with sales team to maximize sales while reducing financial risk. Work with IT and Finance team to have AtVenu and NAVISION systems for Tour and Merchandise open A/R migrated to SAP.
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  • Warner Music Group
    Sr. Director Of Credit & Collections
    Warner Music Group Apr 2015 - Jun 2017
    United States
    Promoted to Sr. Director and assumed responsibility to perform all customer financial statements analysis and to obtain security guarantees as needed to maintain updated customer credit files. Oversee portfolio of 500+ customers and artists with US recorded music sales of $400M USD. Supervise 10 person staff. Responsibilities include:Credit Risk Management Financial Statement AnalysisEstablishing Credit LinesOptimizing Cash Flow Provide Litigation Support for Chapter 7 & 11 Bankruptcies, Code section 503(b)(9)Training & Mentor StaffEstablish Credit and OTC Policies & Procedures Implemented Credit information services (Credit Safe and D&B) to ensure financial and compliance due dillgence of all customer accounts.Utilized Key Item Task List collaboration tool to reach 100% capacity level and attended weekly management meetings to provide status updates on progress to upper management.Transferred OTC activities to new Center of Excellence in Nashville, TN. The transfer of knowledge incorporated the training of my Nashville-based replacement.
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  • Warner Music Group
    Director Of Credit & Collections
    Warner Music Group Apr 2011 - Apr 2015
    United States
    Promoted to Director in the corporate organization. Oversaw, managed and supervised credit, collection and accounts receivable operations and deduction management for a portfolio of 500 customers including artists of US recorded music sales of over $400M USD. Managed a 10 person staff.Led successful SAP A/R implementation in 2014. Managed project to collect US state sales tax resale certificates to streamline record keeping for state audit requests. Ensured SOX compliance and data availability for internal and external audits.
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  • Wea
    Manager Of Accounts Receivable
    Wea Mar 2002 - Apr 2011
    United States
    As Manager for Warner-Elektra- Atlantic, with portfolio of 800 US customers with $700M USD in recorded music sales. Manage 32 people staff with 5 direct reports. Responsible for cash application, EDI PO comparison, deduction management, negotiations and timely collection. In 2009, led successful transition of A/R functions to offshore service provider in Pune, India that resulted in reduction of US staff to 10 with 2 direct reports. Designed governance model to ensure accountability of SLA's committed by offshore service provider. Established process to streamline investigation/ resolution process and improve customer relations with mass merchants and retailers.
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  • Wea
    Supervisor - Credit Analyst - Claims Analyst - Cash Analyst Of Accounts Receivable
    Wea Jan 1993 - Mar 2002
    Burbank
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Jim Prentice Skills

Accounts Receivable Management Account Reconciliation Credit Retail Negotiation Forecasting Sarbanes Oxley Act Financial Analysis Financial Reporting Cash Flow Accounting Sap Entertainment Process Improvement Internal Controls Vendor Management Microsoft Excel Auditing Business Analysis Microsoft Office Budgets Digital Media Sarbanes Oxley Credit Analysis Invoicing Analysis Leadership Finance General Ledger Operations Management Business Process Improvement Customer Service Accounts Payable Social Media Marketing Analytical Skills

Jim Prentice Education Details

Frequently Asked Questions about Jim Prentice

What company does Jim Prentice work for?

Jim Prentice works for Abc Signature Studios, Inc.

What is Jim Prentice's role at the current company?

Jim Prentice's current role is MANAGER OF AR, COLLECTIONS & CREDIT - PAYROLL ACCOUNTANT.

What is Jim Prentice's email address?

Jim Prentice's email address is ji****@****wmg.com

What schools did Jim Prentice attend?

Jim Prentice attended University Of Phoenix.

What skills is Jim Prentice known for?

Jim Prentice has skills like Accounts Receivable, Management, Account Reconciliation, Credit, Retail, Negotiation, Forecasting, Sarbanes Oxley Act, Financial Analysis, Financial Reporting, Cash Flow, Accounting.

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