Operations Accountant, Live Nation
CA$70-80k
Offers Stock Program Reimbursement
More information about location
Entertainment events promoter and producer
Be an early applicant
Entertainment events promoter and producer
1001+ employees
Be an early applicant
CA$70-80k
Offers Stock Program Reimbursement
More information about location
1001+ employees
Company mission
To help live music fans more easily and quickly find concert tickets and information about their favourite artists and venues.
Role
Who you are
- Bachelor’s degree in Accounting or equivalent
- 3-5 years of Accounting experience, with strengths in reconciliation
- Experience and knowledge with Oracle and/or Salesforce are an asset
- Strong organizational and time management abilities that allow projects and goals to be completed on schedule
- Possess strong written and verbal communication skills
- Excellent interpersonal skills to communicate effectively across the organization and with partners
- Highly detail oriented with a strong ability to multi-task
- Proficient PC skills, especially in Microsoft Excel
What the job involves
- Working in collaboration with the promoter and production teams, the Operations Accountant will be responsible for accurate and timely night of show settlements. This includes full cycle recording of both income statement and balance sheet entries to record the show settlement, review and approval of transactions, and reconciliation of payables and receivables
- Finalizing profit and loss statements for each show
- Entering show settlements into accounting systems and distributing reports
- Acting as primary accounting point of contact for talent department, artist representatives and production staff
- Assisting with pre-settlement and artist settlements during night of show
- Reviewing all show settlements to verify proper documentation has been received and proper backup for audit purposes
- Reconcile cash floats
- Coding, approval, and distribution of show invoices and cheques for Accounts Payable input
- Preparing and coding artist final settlement wires based on contract; remit payment to artist ensuring appropriate withholding taxes, charity, and album bundles are recognized
- Settling venue expenses, shared ancillary revenues, and co-promotion deals
- Preparing and uploading show entries
- Preparing and uploading accounts receivable and accounts payable settlements
- Reconciliation of revenues, project costs, and accruals
- Reconciliation of accounts receivable, review for balance accuracy, and timely collection
- Completion of month end close and reporting of per show contribution margin
- Assisting in implementation of internal controls
- Ad hoc projects as assigned by management
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 2005, 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
11% employee growth in 12 months
Company
Company benefits
- 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 HQ
Beverly Hills, CA
Leadership
Michael Rapino
(CEO & President)Michael joined Live Nation Entertainment in 2005 as CEO and President. Previously, he spent 10 years in various Marketing and Entertainment roles at Labatt's Breweries of Canada. He also held several roles at Clear Channel Communications, including CEO and President of Global Music.
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