Senior Accountant

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

Benefits offered by this job

Upskilling tools and resources

Career growth opportunities

Job summary

MSG Entertainment Holdings, LLC is seeking an experienced Accountant primarily responsible for the accounting operations of MSG Sports. The role includes preparation of journal entries, revenue recognition, and monthly financial close processes to facilitate analysis and ensure compliance with internal controls.

The ideal candidate has a Bachelor’s degree in business/accounting, 3-5+ years of accounting experience, and knowledge of ASC 606. The position offers a competitive pay range of $90,000 — $110,000 USD.

Qualifications

• 3-5+ years of accounting experience.
• Experience with revenue recognition under ASC 606 preferred.
• Strong analytical and organizational skills.
• CPA preferred.

Responsibilities

• Review and analyze sponsorship contracts for revenue recognition.
• Monitor financial results to facilitate financial analysis.
• Preparation of journal entries related to sponsorship revenue.
• Conduct month end close activities with respect to marketing partnerships revenue.

Skills

Accounting experience

Analytical skills

Communication skills

Proficiency in Excel

Knowledge of automated environments

Revenue recognition under ASC 606

Education

Bachelor’s degree in business/accounting or related field

Tools

ERP systems such as Oracle Cloud

Job description

Madison Square Garden Entertainment Corp. (MSG Entertainment) is a leader in live entertainment, delivering unforgettable experiences while forging deep connections with diverse and passionate audiences. The Company’s portfolio includes a collection of world-renowned venues – New York’s Madison Square Garden, Infosys Theater at Madison Square Garden, Radio City Music Hall, and Beacon Theatre; and The Chicago Theatre – that showcase a broad array of sporting events, concerts, family shows, and special events for millions of guests annually. In addition, the Company features the original production, the Christmas Spectacular Starring the Radio City Rockettes, which has been a holiday tradition for more than 90 years. More information is available at www.msgentertainment.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 suceed?

• 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 consideringrequests for reasonable accommodations as required.

EEO

We value diversity and welcome employees of all backgrounds. Our Company is an Equal Opportunity Employer and provides equal employment opportunities 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, veteran status, or any other characteristic protected by law. We also strictly prohibit discrimination and harassment on these bases.

At this time, Federal law requires that we maintain a record a record of each employee's sex and race or ethnicity, and that we invite employees to voluntarily self-identify. The company is limited to the categories listed below, and the definitions for each category have been established by the federal government.

Submission of this information voluntary and refusal to provide it will note subject you to any adverse treatment. The information will be kept confidential and only be used in accordance with the provisions of applicable federal laws, including those which require the information to be summarized and reported to the Federal Government for civil rights enforcement purposes.

If you choose not to self-identify your race/ethnicity or gender at this time, the Federal Government requires that we determine the information by visual survey and/or other available information.