Operations Accountant, Live Nation

CA$70-80k

Excel
Salesforce
Oracle
Junior and Mid level
Vancouver
Live Nation

Entertainment events promoter and producer

Open for applications

Live Nation

Entertainment events promoter and producer

1001+ employees

B2CLifestyleMusicEntertainmentEvents

Open for applications

CA$70-80k

Excel
Salesforce
Oracle
Junior and Mid level
Vancouver

1001+ employees

B2CLifestyleMusicEntertainmentEvents

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

  • Bachelor’s degree in Accounting or equivalent
  • 2-3 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 journal entries
  • 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
  • Travel and on-site support for large shows and festival properties may be required
  • Assisting in implementation of internal controls
  • Ad hoc projects as assigned by management

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Insights

11% employee growth in 12 months

Company

Company benefits

  • Unlimited paid time off policy
  • Work from home opportunities

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.

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Freddie

Company Specialist at Welcome to the Jungle