Controller, Live Nation
LN Concerts
$140-175k
Office located in Burbank, CA
Entertainment events promoter and producer
Open for applications
Entertainment events promoter and producer
1001+ employees
Open for applications
$140-175k
Office located in Burbank, CA
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
- Bachelor's degree in Accounting, Finance, or a related field
- CPA certification preferred
- Minimum of 5 years of experience in a senior accounting or finance role, including multi-entity experience
- Minimum of 2 years of accounting experience in an Entertainment Production and/or Creator environment
- Production Accounting knowledge strongly preferred
- Extensive knowledge of GAAP, financial reporting, and financial analysis for standalone and consolidated operations
- Payroll experience required - paylocity and ADP would be a bonus
- Strong analytical, problem-solving, and process improvement skills
- Excellent communication, collaboration, and leadership abilities
- Experience with Oracle workspace preferred
- Experience with QBO, bill.com, Paylocity, ADP, AirTable, preferred
What the job involves
- The Controller is responsible for overseeing all accounting and financial operations of Redrock Entertainment's multiple entities
- This includes managing the finance & accounting teams, maintaining financial records, preparing reports and financial statements, managing cash flow, ensuring compliance with accounting standards and regulations across standalone and consolidated financials, driving process improvements, and collaborating cross-functionally
- Finance and Accounting Management:
- Oversee and manage the day-to-day operations of the finance & accounting teams
- Ensure accurate and timely recording of all financial transactions for each entity
- Maintain and enforce proper accounting policies, procedures, and internal controls for standalone and consolidated processes
- Manage accounts payable, accounts receivable, payroll, and other accounting functions across entities
- Production Accounting Oversight:
- Supervise and manage the outsourced production accounting team
- Review and approve production budgets, cost reports, and financial settlements
- Ensure proper coding, authorization, and documentation of production costs
- Monitor spending against approved budgets and analyze variances Payroll Administration:
- Oversee all payroll processes including timekeeping, processing, and reporting
- Ensure compliance with federal, state, and local payroll regulations and tax laws
- Manage payroll systems, third-party vendors, and internal payroll staff Financial Reporting and Analysis:
- Prepare monthly, quarterly, and annual financial statements in accordance with GAAP for each entity and consolidated financials
- Analyze financial data and prepare ad-hoc reports as needed for standalone and consolidated performance
- Conduct budget preparation and variance analysis at the project, entity, and consolidated levels
- Provide financial analysis and insights to support business decisions across entities Cash Flow Management:
- Forecast, monitor, and manage cash flow to ensure adequate liquidity for each entity and consolidated operations
- Oversee cash receipts, disbursements, and bank reconciliations across entities Compliance and Risk Management:
- Ensure compliance with relevant accounting standards, regulations, and tax laws for each entity and consolidated operations
- Oversee the annual audit process and liaise with external auditors for standalone and consolidated audits (when applicable)
- Identify and mitigate financial risks across entities
- Implement and maintain effective internal controls for standalone and consolidated processes
- Process Improvements:
- Continuously evaluate and improve accounting processes, systems, and internal controls
- Identify opportunities to streamline operations, increase efficiency, and reduce costs
- Implement new technologies and automation to enhance financial processes
- Develop and deliver training programs to ensure consistent application of processes Cross-Functional Collaboration:
- Work closely with other departments, such as operations, production, IT, and marketing, to align financial goals and strategies
- Provide financial guidance and support to cross-functional teams and projects
- Collaborate with stakeholders to develop financial models and forecasts for new initiatives
- Participate in strategic planning and decision-making processes Team Management:
- Recruit, train, and supervise accounting staff for entity-level and consolidated operations
- Foster a positive and productive work environment
- Provide guidance and support to team members across entities Qualifications:
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
- HEALTH: Medical, Dental and Vision benefits for you and your family, including Flexible Spending Accounts (FSA) and Health Savings Accounts (HSAs)
- YOURSELF: Paid time off policy including holidays, sick time and day off for your birthday, free concert tickets
- WEALTH: 401(k) program with company match, Stock Program Reimbursement
- FAMILY: New parent programs & support including caregiver leave and baby bonus, infertility support
- CAREER: Tuition reimbursement, student loan repayment internal growth and development programs & trainings
- OTHERS: Volunteer time off, crowdfunding network
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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