Staff Accountant, Live Nation
LN Concerts
Office located in Cambridge, MA
Entertainment events promoter and producer
Job no longer available
Entertainment events promoter and producer
1001+ employees
Job no longer available
Office located in Cambridge, MA
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
- 2+ years of experience, Oracle experience helpful
- Possess excellent organizational, communication, and analytical skills with the ability to prioritize and handle multiple tasks simultaneously in a fast paced environment
- College Degree with accounting/finance coursework and/or major preferred
What the job involves
- We are seeking a Staff Accountant I for the Live Nation Concerts division, a segment of the Live Nation live music business. This role will be focused on supporting the Accounts Payable team at the regional level
- Performing all A/P processing tasks including organizing invoices, filing, reviewing and securing authorization for invoice payments, checking invoices for proper coding and entering invoices into Oracle and Captiva
- Answer inquiries from vendors concerning open A/P items
- Following up and resolving open A/P credit items with vendors
- Perform weekly review of manual check log to ensure all possible checks have been entered into Oracle
- Input manual checks into the A/P system
- Input outgoing wires into the A/P system
- Collect overpayments made to vendors
- Support senior accountant inquiries regarding wires, AP & show checks
- Support senior accountants in recording all tax withholdings
- Scan all manual checks and support to save in shared drive
- Daily Positive Pay preparation
- One person will consolidate and upload daily positive pay
- Entering manual checks (two-step entering invoice and clearing payment)
- Maintaining checks log
- Vendor set ups
- Amnesty checks set ups
- Maintain check status tracker
- Regional assistance with immediate pay needs
- Regional assistance with chasing support/backup
- Credit Applications
- Regional assistance research aged outstanding checks/reissues
- Regional assistance with AP research
- Perform any and all processes required for AP review at EOM
- Assist with special projects as assigned (i.e. pushdown accounting entries from Ticketmaster, in-house box office entries)
- Assist with completion of flash P&Ls and show reconciliations as deemed necessary
- Assist senior accountant with accounting duties to support close as deemed necessary
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.
Salary benchmarks
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