Senior Accountant

MSG Sports, LLC; New York (NY); On-site; USD 90,000 - 110,000; Full time

Job summary

MSG Sports, LLC in New York is seeking an experienced accountant to manage accounting operations, including sponsorship revenue and financial close processes. Key responsibilities include analyzing contracts, preparing journal entries, and ensuring compliance with ASC 606.

The ideal candidate will have a Bachelor's degree, 3-5+ years of experience, and strong analytical skills. This role offers a competitive salary and opportunities for professional growth.

Qualifications

• 3-5+ years accounting experience.
• Experience with revenue recognition under ASC 606 preferred.
• Public/private background with excellent communication skills.

Responsibilities

• Review new sponsorship and advertising agreements.
• Analyze revenue recognition for contracts.
• Prepare journal entries related to sponsorship revenue.

Skills

Communication skills

Analytical skills

Organizational skills

Excel proficiency

Education

Bachelor's degree in business/accounting

CPA preferred

Tools

ERP systems (Oracle Cloud)

Automated environments

Job description

Madison Square Garden Sports Corp. (MSG Sports) is a leading professional sports company, with a collection of assets that includes the New York Knicks (NBA) and the New York Rangers (NHL), as well as two development league teams - the Westchester Knicks (NBAGL) and the Hartford Wolf Pack (AHL). MSG Sports also operates a professional sports team performance center - the MSG Training Center in Greenburgh, NY. More information is available at www.msgsports.com.

Who are we hiring?

This role is primarily responsible for the accounting operations of MSG Sports including preparation and recording of required journal entries, timely and accurate recognition of sports teams revenue (including marketing partnerships), monthly financial close processes, monitoring of financial results to facilitate financial analysis, effective operation and monitoring of the Company's Internal Control Over Financial Reporting with respect to MSG Sports and facilitation of the external audit process.

What will you do?

• Review new sponsorship, advertising, and partnership agreements, amendments, and deal changes;
• Analyze sponsorship contracts and related deliverables for revenue recognition in accordance with ASC 606;
• Liaise with Marketing Partnership Finance, Legal and Operations teams regarding sponsorship revenue and fulfillment support and related accounting matters;
• Review Accounts receivable aging and liaise with collections team;
• Preparation of journal entries related to sponsorship revenue, commissions, and related accruals;
• Review of sponsorship revenue transactions to ensure timely and accurate recognition and reporting of sales activity;
• Monitor and analyze sponsorship fulfillment schedules and weekly partnership files to ensure completeness and proper classification of revenue;
• Responsible for month end close activities with respect to marketing partnerships revenue, including but not limited to:
  • Monthly preparation and/or review of general ledger postings related to sponsorship revenue and related accruals,
  • Preparation of balance sheet reconciliations,
  • Preparation of income statement and balance sheet variance analyses, including analysis supporting the Company's MD&A,
  • Analysis of deferred revenue and contract asset balances;
• Related Party Transactions Support, including management of payments and application/allocation between MSG Sports and MSG Entertainment;
• Will work with both internal and external auditors in providing them with required information during quarterly reviews and annual audits;
• Special projects as necessary;
• Strict adherence to the timelines established for all reporting.
• Provide exceptional experiences for our guests, partners, and team members, including by adhering to our appearance and presentation guidelines while on‑site.

What will you need to succeed?

• Bachelor's degree preferred in business/accounting or related field
• Public/private background preferred with excellent communication skills, both verbal and written
• 3-5+ years accounting experience
• Experience with revenue recognition under ASC 606 preferred
• Strong analytical and organizational skills
• CPA preferred
• Must be proficient in Excel and possess knowledge of automated environments
• Experience with ERP systems such as Oracle Cloud or similar platforms preferred

Pay Range: $90,000-$110,000 USD

At MSG, we recognize the importance of upskilling employees' talents and strengths so they can drive their careers forward. We are proud to offer a robust set of tools and resources to help employees understand their interests and purpose, harness their talents and obtain the skills they need to reach the next step in their careers. Growth and longevity for our employees are top priorities here.

We value diversity and are looking for extraordinary employees of all backgrounds! MSG is an Equal Opportunity Employer and provides equal employment opportunities to all employees and applicants for employment without regard to race, color, religion, gender, sexual orientation, gender identity or expression, sexual and reproductive health choices, national origin, citizenship, age, genetic information, disability, or veteran status. MSG complies with all applicable federal, state, and local laws governing nondiscrimination, including considering requests for reasonable accommodations as required.