One of the key aspects of being an 8020 Consultant is the ability to adapt and meet the needs of the client. What was anticipated to be a short-term project turned into a two-year engagement at my previous client, which was undergoing a difficult transitional period across three business divisions (with separate ERP systems) compounded by outdated monthly reporting processes and analytical reports.
During my tenure, efficiencies were identified and implemented, including streamlining intercompany revenue recognition, automating various aspects of the monthly reporting and consolidation of financials, and revamping of by-title Microsoft SQL reports. In addition, I assisted and collaborated with management on the FMV analysis of by-title production/development assets across two film production entities – a necessity of post-acquisition accounting. Weaknesses in the department’s internal controls for AP and cash were identified and communicated to the appropriate personnel.
Perhaps the most rewarding facet during my engagement is seeing the direct and quantifiable impact of a newly improved process or a re-engineered report. Rather than having an isolated benefit, the impact carried forward to a variety of future projects resulting in reduced turnaround time and increased reliability and validity of data.
Careers at 8020 Consulting
We take pride in nurturing long-term relationships with our team members and our clients. If you’re interested in working on our team of accounting and finance consultants, visit the careers section of our website to learn more about life at 8020. You can also put in an application for consideration by following the instructions at the bottom of the page:
About Jake
Jake has more than 12 years of accounting and compliance audit experience in the media and entertainment industry. His expertise includes corporate financial reporting, forecast & budgeting, month-end close, post-merger integration, intercompany eliminations, FX analysis, compliance audits and process improvement. Prior to joining 8020, Jake was a Financial Reporting Manager at Warner Bros. in their corporate reporting unit. Previous experience includes public accounting at NKSFB, where he conducted compliance and fraud audits on behalf of the Screen Actors Guild Pension & Health Plans. Jake is a CPA and holds a B.A. in Economics with an emphasis in Accounting from the University of Santa Barbara, California.
