Merchandise Accountant, Live Nation
Insomniac
$90-100k
Office located in Calabasas, CA
Entertainment events promoter and producer
Open for applications
Entertainment events promoter and producer
1001+ employees
Open for applications
$90-100k
Office located in Calabasas, CA
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 finance, CPA preferred
- 3+ years of accounting experience or related experience, preferably in cost accounting and inventory management
- Experience with Acumatica preferred
- Advanced technical skills, including Excel and ERP systems such as Oracle, SAP and reporting software
- Strong organizational, communication, and analytical skills with the ability to prioritize and handle multiple tasks in a fast-paced environment
- WORK ENVIRONMENT:
- Must be able to tolerate loud noise levels & busy environments
- Must be willing to work during evening and weekend hours, as required, to meet deadlines
- Applicants for employment in the U.S. must possess work authorization, which does not require sponsorship by Insomniac for a visa
What the job involves
- Insomniac is looking for a Merchandise Accountant to support operations including month-end close, reporting and analysis, and day-to-day activity
- The ideal candidate will thrive in a fast-paced environment, have a strong accounting background, strong communication skills and be very well organized
- This position reports to the Senior Manager, Event Accounting
- Oversee month-end close process for festival and e-commerce merchandise
- Prepare journal entries for merchandise inventory, COGS, and accruals
- Reconcile inventory, received not invoiced account, and artist royalty payments
- Review, code, and approve AP invoices for merchandise related expenses
- Partner with merchandise department on new initiatives and any discrepancies
- Perform month-end close tasks in accordance with GAAP and SOX requirements
- Streamline and create new processes
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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