The worst job of MoviePass' parent company is now open – Quartz

After a difficult year marked by the collapse of the market value of MoviePbad' parent company and the withdrawal of the company from NASDAQ's listing, the company's chief financial officer resigned.

Stuart Benson, who resigned on March 13, will leave Helios and Matheson Analytics on March 22, according to a company ranking. He takes a job elsewhere. Helios has announced its intention to seek his replacement "as soon as possible". No job offers have been posted yet, but here are some of the qualifications we think they will need for candidates for this exciting opportunity:

Benson's replacement will have many exciting tasks to explore. His departure comes after Helios essentially acknowledged that he was unaware of the number of subscribers to his subsidiary MoviePbad. Helios announced on March 12 that it should restate its financial statements for the period ending September 30 – its last published quarter – as it mistakenly included revenue from MoviePbad subscriptions canceled and repaid by Costco retailer, as well as subscriptions already subscribed. suspended due to service changes that customers had not yet joined. In addition, it did not properly account for derivative securities. Overall, Helios estimated that losses for the period were $ 8.9 million higher than previously reported and that this figure still needed to be revised. He also stated that he did not have a good knowledge of the financial information, in particular with respect to his underwriting activities, for the period ending December 31, for which he has not yet filed any quarterly report. Who would not want this job?

Benson served as Senior Financial Officer at Helios in November 2016, before the New York-based technology consulting firm acquired a majority stake in MoviePbad and embarked on the challenging subscription market for cinema. Prior to MoviePbad, Helios' main business was a company founded by CEO Ted Farnsworth, called Zone Technologies, which had created an app to map crime in local areas. Benson led the finance team of A & E Network's international division before joining Helios. He leaves his position alongside the executive vice president of MoviePbad, who leaves the subscription service a few months later. They may not be the only leaders to leave Helios or MoviePbad as companies prepare.