Accounting Manager, Live Nation
LN Concerts
$96-120k
+ Stock reimbursement program
Entertainment events promoter and producer
Be an early applicant
Entertainment events promoter and producer
1001+ employees
Be an early applicant
$96-120k
+ Stock reimbursement program
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. At Live Nation Entertainment, our people embrace these qualities, so if this sounds like you then please read on!
- Bachelors degree in accounting or finance, CPA preferred
- A minimum of 10 years of experience in accounting with prior supervisory experience
- Possess advanced accounting expertise, including thorough knowledge of GAAP and SOX requirements
- Knowledge of internal controls. Must be able to maintain proper internal controls and enhance efficiency when possible
- Strong analytical and effective decision making skills
- Proficient in Microsoft Word and Excel, ORACLE experience preferred
What the job involves
- Coach, train, and supervise both on- and off-site senior/staff accountant(s) and accounting support assistants
- Work closely with Senior/Staff Accountant(s) and support assistants to ensure that all show and company related data (e.g. receivables, receipts, payrolls, payables, etc.) is processed timely and is ready for month-end closing
- Lead the period-end closing processes ensuring accurate and timely submission of the financial statements. For example:
- Monitor and ensure that all event and company related data has been recorded in an accurate, consistent, and timely manner
- Ensure that shows are hard booked within proscribed timelines
- Prepare monthly journal entries
- Analyze and review system-generated reports
- Complete and submit financial statement roll-forwards, variance analyses, and detail of certain significant accounts
- Review and approve reporting package(s), including Financial Statement Package Checklist. Also assemble and submit reporting package(s) to Director of Accounting for approval
- Analyze all reconciliations for bank accounts, general ledger accounts, various sub-ledgers, etc
- Review barter files and corresponding activity; submit quarterly barter activity report(s)
- Monitor receivable balances and collection efforts, ensuring adequate reserves are recorded as necessary
- Monitor Fixed Asset accounting and depreciation
- Ensure compliance with generally accepted accounting principles and company procedures / policies, including SOX requirements
- Oversee audit processes, preparing internal and external audit schedules as needed and liaising with auditors
- Interact with Director of Accounting and/or VP Finance to provide necessary show and company data necessary for forecasting and budgeting
- Assist with special projects as assigned
- Coordinating staff schedules to meet all division deadlines
Our take
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.
Freddie
Company Specialist at Welcome to the Jungle
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
Leadership
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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