Senior Financial Accountant, Live Nation
More information about location
Entertainment events promoter and producer
Open for applications
Entertainment events promoter and producer
1001+ employees
Open for applications
More information about location
1001+ employees
Company mission
Live Nation's mission is to help live music fans more easily and quickly find concert tickets and information about their favourite artists and venues.
Role
Who you are
- Passionate and motivated. Driven, with an entrepreneurial spirit. Resourceful, innovative, forward thinking and committed
- Bachelor’s degree in Accounting, Finance, or equivalent
- CPA recognized accounting designation
- Experience working in a large, complex organizations
- Experience with income taxes and financial statement preparation
- Experience working with internal and/or external auditors
- Strong written and verbal communication skills
- Strong analytical skills and very detail oriented
- Ability to multi-task, proactively solve problems, prioritize, and meet time-critical deadlines
- Strong computer skills with demonstrated proficiency in Microsoft Excel
- Stationary position for extended periods of time at a computer station or work desk; movement throughout the day; occasionally move about inside the office to access file cabinets
- Office machinery, etc.; ability to operate computers and office equipment for up to 8 hours each day; move up to 10 pounds regularly; exposed to typical office environment conditions and noise levels
What the job involves
- Reporting to the VP, Financial Accounting, the candidate will be responsible for accounting and reporting for partnerships and income taxes
- This includes financial statement preparation, account reconciliations, and annual income tax filings
- Review monthly reporting for partners, including managing chart of accounts, review of reconciliations and local subledgers, and preparing required month end entries
- Prepare monthly non-controlling interest journal entries
- Prepare journal entries to record intercompany activity
- Reconcile intercompany account balances
- Prepare invoicing and settlement for intercompany balances
- Support accounting for premium seating program
- Prepare monthly leadsheets
- Prepare monthly partner financial statements and provide an in-depth balance sheet account analysis for management review
- Support internal and external audits
- Support acquisition accounting
- Manage local tax return preparation process including preparation of information packages for local tax team, addressing questions and review of final returns
- Prepare quarterly information package for corporate tax team
- Support preparation of event settlements as required
- Support Oracle Cloud ERP system interface with partner systems
- Assist with other duties, projects, financial reporting and strategic initiatives as requested by the management team
Otta's take
Theo Margolius
COO of Otta
Live Nation is the world's leading live entertainment company, sitting at the top of the market in live events and ticketing. Formed in 2009, it is a major international company, with key business segments made up of concerts, ticketing, and sponsorship and advertising.
Despite its dominant position in the market, the company saw an 84% drop in revenue during 2020 and the closure of live events. Since then, however, demand has been stronger than ever for their ticket sales. This is a reflection that live events remain a clear priority for consumers and has been further reflected in Live Nation's acquisitions of companies - like Goodlive - that complement and bolster Live Nation's portfolio.
In addition to live events, a key area to watch for Live Nation will be the rise of online concert streaming, like that undertaken by competitors such as Driift. Major festivals such as Glastonbury have trialled online concerts with mixed reviews. If it proves successful, this could be a major new section of the entertainment market and a big potential part of Live Nation's future ventures.
Insights
Company
Company benefits
- Unlimited paid time off policy
- Work from home opportunities
Company values
- Live for artists - Artists are the heart of what we do and we have deep reverence and respect for their creativity. We believe live music is vital to art and culture which is why in 2019, we paid artists more than $6 billion, making Live Nation by far the largest financial supporter of musicians. Beyond global touring deals and festival performances, our Artist Nation group offers services such as management, business marketing and consulting to artists across all genres
- Live for decentralisation - We don’t believe in bureaucracy and we don’t mandate synergy. We keep our corporate teams small, because we trust that our decentralized divisions know how to make the best decisions for their businesses in real time
- Live for ideas - Part of working in a creative industry is imagining what could be and exploring the possibilities. We encourage everyone at Live Nation to dream big and email our CEO with ideas to move our business forward
- Live for entrepreneurship - Employees who thrive here are self-starters who are experts at what they do. While we give a tremendous amount of independence to our employees, we are also precise and exacting about performance. There is no hiding behind process here. You are evaluated on your results and concrete contributions to our business
- Live for focus - We have a long “To Do” list but an even longer “Not To Do” list. As the demand for live events continues to grow across the globe, we have to stay focused on our core mission of connecting artists with their fans for those magical hours of live music
- Live for talent - We believe talent comes from any place or background. This is not a place for elitists. We hire people for who they are – hard workers who deliver results and are passionate about what they do
Company HQ
Barbican, London, UK
Articles
Founders
Michael Rapino
(President and CEO, not founder)They worked for 10 years in various marketing and entertainment capacities at Labatt’s Breweries of Canada. They held several roles at Clear Channel Communications, including President and CEO of Global Music. They were named CEO and President of Live Nation in 2005.
People progressing
Joined as a Financial Accounting Manager in 2017, promoted to Director and then VP of Financial Accounting.
Joined as Executive VP Marketing in 2012, promoted to Senior VP & Head of Marketing after 2 years.
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