Job title: Operations Accountant
Company: Live Nation Entertainment
Job description: Job Summary:
WHO ARE WE?
Live Nation Entertainment is the world’s leading live entertainment company, comprised of global market leaders: Ticketmaster, Live Nation Concerts, and Live Nation Media & Sponsorship. Ticketmaster is the global leader in event ticketing with over 500 million tickets sold annually and more than 12,000 clients worldwide. Live Nation Concerts is the largest provider of live entertainment in the world promoting more than 40,000 shows and 100+ festivals annually for nearly 4,000 artists in over 40 countries. These businesses allow Live Nation Media & Sponsorship to create strategic music marketing programs that connect over 1,000 brands with the 98 million fans that attend Live Nation Entertainment events each year. For additional information, visit .
Summary:
The Operations Accountant will be responsible for working with events and venue teams to manage venue operational finance, including revenue recognition, expense oversight, ensuring accurate and timely show settlements and proper month end close processes. This includes review and approval of transactions, preparation of accounting entries, and reconciliation of payables and receivables.
The Role:
This position is responsible for all accounting functions related to shows including but not limited to:
- Finalizing profit and loss statements for assigned shows
- Entering show settlements into accounting systems and distributing reports
- Acting as point of contact for show accounting, and liaising with talent department, artist representatives and production staff for assigned shows
- Reviewing all show settlements to verify proper documentation has been received and proper backup for SOX compliant audit purposes
- Working closely with venue GMs to ensure compliance with finance best practices and approved budgets
- Identifying any venue cost over runs and communicate to management via variance analysis
- Reconciling cash floats
- Review and reconciliation of venue food and beverage inventory
- Coding and distribute show invoices and cheques for Accounts Payable input
- Preparing and coding artist final settlement wires based on contract; remit payment to artist ensuring appropriate withholding taxes, charity, and album bundles are recognized.
- Settling venue expenses, shared ancillary revenues, and co-promotion deals
- Preparing and uploading show journal entries
- Reconciliation of revenues, project costs, and accruals
- Reconciliation of accounts receivable, review for balance accuracy, and timely collection
- Completion of month end close and reporting of per show contribution margin
- Travel and on-site support for venues and shows may be required.
- Ad hoc projects as assigned by management
Requirements:
- Bachelor’s degree in Accounting
- 2-3 years of Accounting experience, with strengths in reconciliation
- 1-2 years project management experience
- Experience and knowledge with Oracle and/or Salesforce are an asset
- Strong organizational and time management abilities that allow projects be completed on schedule
- Possess strong written and verbal communication skills
- Excellent interpersonal skills to communicate effectively with internal and external stakeholders
- Highly detail oriented with a strong ability to multi-task
- Proficient PC skills, especially in Microsoft Excel
We thank all applicants for their interest, however, only those chosen for an interview will be contacted.
Applicants for employment in Canada must possess work authorization which does not require sponsorship by the employer for a visa.
PHYSICAL REQUIREMENTS/WORK ENVIRONMENT
Sits for extended periods of time at a computer station or work desk; stands and walks throughout the day; occasionally move about inside the office to access file cabinets, office machinery, etc.; uses hands and fingers to operate computers and office equipment for up to 8 hours each day; lifts up to 10 pounds regularly; exposed to typical office environment conditions and noise levels.
EQUAL EMPLOYMENT OPPORTUNITY
Live Nation Entertainment strongly supports equal employment opportunity for all applicants regardless of race, colour, religion, sex, gender identity, pregnancy, national origin, ancestry, citizenship, age, marital status, physical disability, mental disability, medical condition, sexual orientation, genetic information, or any other characteristic protected by provincial or federal law.
HIRING PRACTICES
The preceding job description has been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job.
Live Nation Entertainment recruitment policies are designed to place the most highly qualified persons available in a timely and efficient manner. Live Nation Entertainment may pursue all avenues available, including promotion from within, employee referrals, outside advertising, employment agencies, Internet recruiting, job fairs, college recruiting and search firms.
Expected salary:
Location: Toronto, ON
Job date: Wed, 18 Oct 2023 00:42:38 GMT
