Is the contract negotiable?
If the IP is shared, what rights does the original creator keep?
Is the applying artist also the writer of the project they're pitching?
Is this a full time position, part time, freelance, independent contractor....? Probably independent, which means no benefits (hello health insurance), but that workload is more than what would allow for a full time position on the side.
I've got a full time job already so there's no way I can apply for this, but some things for applicants to consider.