Senior Accountant, Overtime
$100-115k
+ Stock options
Youth-focused sports network
Job no longer available
Youth-focused sports network
501-1000 employees
Job no longer available
$100-115k
+ Stock options
501-1000 employees
Company mission
To build disruptive new sports leagues aimed globally at the next generation of sports fans and athletes.
Role
Who you are
- Bachelor’s degree in accounting
- 5+ years of professional accounting experience, background in media and entertainment industry is a plus
- NetSuite experience a plus
- CPA is a plus
- Strong in Microsoft Excel
- Self-starter, motivated
- Possess excellent organizational, communication and analytical skills with the ability to prioritize and handle multiple tasks simultaneously in a fast-paced environment
What the job involves
- Support the day-to-day, monthly, and year-end accounting operations of Overtime
- Help lead the month-end close, including booking of journal entries, analyzing general ledgeraccounts, and creating balance sheet account reconciliations
- Assist with annual external audit, including preparation of audit request items and schedules
- Manage our eCommerce accounting including the recording sales and cost of goods sold, reconciling data between multiple systems, managing inventory, and analyzing results and create management reporting
- Manage Sales Tax compliance, including accurate reporting, filing and remittance of sales tax
- Support accounts payable and expense reporting, including reviewing and approving expenses
- Support the accounts receivable process, including proper revenue recognition, reporting and collections with the team
- Assist the Controller in the development and maintenance of a Cash Forecasting model to drive decision making for short-term liquidity needs and investment opportunities
- Manage Fixed Asset accounting
- Prepare third-party licensing and royalty accounting schedules
- Review and approve expense reports and reconcile the corporate card payable account
- Support various ad-hoc and special projects in our effort to streamline and standardize accounting processes
Our take
Gen Z prefers short-form highlights content to full sports league matches, and tight NBA licensing restrictions mean that independent content platforms can’t trim matches to cater to this younger audience. Overtime saw this problem and turned it into a market opportunity.
It has built a short-form content empire around unlicensed amateur sports leagues, with a focus on basketball. It has a substantial multi-platform presence across social media, featuring reality-TV-style dispatches and shows focused on up-and-coming players with strong viral potential.
The brand now has over 100M followers, most of them Gen Z or younger Millennials, and its videos rack up well over 3B views each month. This brings in substantial ad revenue for Overtime, supplemented with merchandise sales. It has also recently ventured into the NFT space with its partnership with Magic Eden.
The company has also launched its own youth basketball league and pulled in high-profile backers including Jeff Bezos, Drake, and Kevin Durant, which is remarkable progress for the still relatively young company. With a comfortable and unchallenged position in this niche, Overtime looks set to continue building out a leading platform.
Freddie
Company Specialist at Welcome to the Jungle
Insights
41% employee growth in 12 months
Company
Funding (last 2 of 6 rounds)
Aug 2022
$100m
SERIES D
Apr 2021
$80m
SERIES C
Total funding: $243.2m
Company HQ
Dumbo, NY
Leadership
Dan Porter
(CEO)Worked in Music Business Development at BMG and Virgin USA, and served as CEO at social game company omgpop. Also worked in Senior roles at Zynga and worked at William Morris Endeavor as Head of Digital. Current an Adjunct Professor at NYU.
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