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Junior Finance Executive

IMG ARENA

Greater London

Hybrid

GBP 35,000 - 55,000

Full time

10 days ago

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Job summary

An established industry player is seeking a Finance Executive to join their dynamic team in London. This role offers a unique opportunity to engage with cutting-edge technology while managing period-end accounting for various properties. You will collaborate with commercial teams to ensure accurate revenue recognition and assist in the preparation of client accounting reports. If you thrive in a fast-paced environment and are looking to make a significant impact in the sports betting industry, this role is perfect for you. Join a company that values innovation and empowers you to shape your career.

Benefits

Flexible Working Hours

Professional Development Opportunities

Inclusive Work Environment

Health and Wellness Programs

Qualifications

Basic knowledge of UK and US GAAP is essential.
Proactive and self-motivated with excellent communication skills.
Must be able to work on own initiative and meet deadlines.

Responsibilities

Responsible for period end accounting closes for various properties.
Perform variance analysis against forecasts and budgets.
Assist with balance sheet reconciliations and ad-hoc requests.

Skills

UK GAAP

US GAAP

Analytical Skills

Problem Solving

Communication Skills

Organizational Skills

Revenue Recognition

Team Collaboration

Education

Part Qualified Accountant (ACA / CIMA / ACCA)

Relevant Financial Qualifications

Tools

SAP

Direct message the job poster from IMG ARENA

Launched in 2012, IMG Arena leveraged our rights expertise to pioneer the mainstream introduction of official data rights. We paved the way for a new revenue stream for our Rightsholder clients, whilst at the same time delivering greater value to the sports betting industry. We have gone on to expand our sports betting product suite with the addition of Event Centres and Official Virtual Sports. At IMG Arena the job is yours. We want you to be yourself. We are focused on building an inclusive and empowering environment that’s welcoming for everyone, where you are trusted and empowered to do what you’re good at. It’s your arena and your opportunity to shape it and your career. You’ll have the opportunity to pick up the latest technology, develop your own ideas and run with them. There’s loads of room for improvement and innovation. You get to prove and own the process from start to finish.

What You'll Do:

Responsible for various tasks relating to period end accounting closes for a range of IMG Arena streaming and data rights properties.
Variance analysis of actual results against forecast and budgets
The month end process to close a typical rights property is as follows:
Collate sales figures on a property-by-property basis from our Stadium system.
Ensure that all deals are included within the timeline of the rights contract and revenue is being phased correctly over the year in which it relates to.
Update workbook monthly to reflect the volumes delivered for each month and ensure phasing of revenue is not affected.
Ensure that all reconciled deals are updated on the timeline as to ensure we are recognising the correct and agreed upon revenue figure.
Download invoiced values from SAP to be compared against revenue to recognise per deal.
Ensure that workbooks correctly compare revenue to be recognised vs revenue invoiced to date.
Update forecasted overage on a property-by-property basis for deals which we have delivered beyond the contracted minimum.
Ensure correct rights fee is recognised in the period based on delivered volumes (including calculation of client share if applicable)
Defer or accrue accordingly in transactional currency on the relevant streaming/data order number.
Perform control checks on each year of each property to ensure that the accounting system correctly reflects our intended revenue recognised to date.
If any of the above properties are deemed high risk and in need of VP review then additional info/evidence if required within the workbook before submitting for VP review.
Assisting the controllership team with balance sheet reconciliations for accounting close properties above.
Assisting the controllership team with other ad-hoc requests
Assist AM team with annual customer reconciliation process. When delivered volumes are agreed with a customer post year end, finance produce a Stadium entry document which ensures that the Stadium adjustments are implemented correctly by the AM team.

Commercial Accounting

Preparation of periodic (typically quarterly) client accounting reports for rights properties including liaising with clients
Liaison with the Arena rights team and group accounts payable function to ensure all rights fee invoices are processed correctly and payments are made on a timely basis.

Other

Support the wider Arena finance team to standardize workbooks and improve efficiency of the month end close process.
You may also be required to carry out any other duties which are within the scope and purpose of the job.

You Have These:

Basic knowledge of UK and US GAAP
Confident and flexible team player with the ability to work with commercial staff across the organisation
Must be able to work on own initiative to identify and resolve problems
Understanding of revenue recognition
Part qualified Accountant or recently qualified Accountant (ACA / CIMA / ACCA) or relevant other financial / accounting qualifications or experience.
Must be able to plan and organise work to meet deadlines and determine priorities
Must be able to work on own initiative to identify problem areas and work through to a satisfactory conclusion
Must be able to work calmly under pressure and work as part of a team to achieve results
Proactive and self-motivated with excellent communication and organisational skills
Strong analytical and problem solving skills; and
A “finisher” with the genuine drive and commitment to deliver against objectives at all times
Good communication (written and verbal) skills

We'd Also Love If You Have These:

Hands on experience of working within the media or sports rights industry
Experience in using SAP (or equivalent) accounting system
A strong interest in both sports and media
An understanding of the sports betting industry

Working Conditions:

Fixed Term Contract, 9 months - London, Chiswick Park

Mon-Fri, 9am-5pm

Hybrid

At IMG ARENA the job is yours. We want you to be yourself.

We are focused on building an inclusive and empowering environment that’s welcoming for everyone, where you are trusted and empowered to do what you’re good at. It’s your arena and your opportunity to shape it and your career.

You’ll have the opportunity to pick up the latest technology, develop your own ideas and run with them. There’s loads of room for improvement and innovation. You get to prove and own the process from start to finish.

Seniority level

Seniority level
Associate

Employment type

Employment type
Contract

Job function

Job function
Accounting/Auditing and Finance

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