Entertainment Finance Manager - The Cosmopolitan

The SHOW comes alive at MGM Resorts International

Have you ever wondered what it would be like to work in a place full of excitement, diversity, and entertainment? Are you enthusiastic about being a team player in one of the most fascinating industries in the world? At MGM Resorts, we seek individuals like YOU to create unique and show-stopping experiences for our guests.

THE JOB: 

The Manager of Finance & Accounting is responsible for performing assigned accounting and reporting activities for the joint venture operations of T-Mobile Arena and Grand Garden Arena, as well as Mandalay Bay Event Center & Beach, Park Theater, festival lots, regional entertainment venues, among others, while adhering to Generally Accepted Accounting Principles (GAAP) and MGM Resorts International's corporate accounting policies. The Manager supports the Director of Finance & Administration and provides financial support to the arena and other related or interfacing entertainment departments, and/or the joint venture partner as required.  Responsibilities include event settlement and ensuring all applicable balance sheet accounts continuously reflect accurate financial position. The Manager is responsible for the supervision of a team of accountants and coordinator to complete assigned accounting processes, including joint venture accounting. The Manager ensures that the team is effectively trained in assigned processes and that work product is appropriately reviewed.

THE DAY-TO-DAY:

• Prepare and review all joint venture-related financial entries and proactively coordinate with the Finance Shared Services Center for month-end close, including revenue and expense accruals
• Ensure accurate journal entries reflecting proper accrual-based accounting in alignment with GAAP and the joint venture agreement with AEG, covering all entities in the joint venture (T-Mobile Arena, Grand Garden Arena Tenant, and Mandalay Bay Event Center Booking Company)
• Maintain accurate billing records for premium seating, sponsorships, and other annual joint venture-related charges
• Supervise a team of accountants and coordinators to ensure precise financial reporting
• Oversee the settlement of arena events, including the calculation of wires and liaising with external show and promoter accountants
• Generate financial proformas and conduct pre-event and post-event financial analysis
• Develop, maintain, and audit profit and loss statements for entertainment, overseeing accounts payable and receivable processes
• Provide financial reports and interfaces with box office/ticketing and internal audit departments
• Manage the creation and analysis of the annual budget, including operations and marketing strategies to drive profitability for the arena
• Prepare schedules for internal, external, and regulatory audits and reviews as requested
• Maintain schedules for joint venture partners and ensure their timely delivery
• Distribute daily operational reports and necessary financial information
• Oversee and make recommendations for the financial planning of various operational functions including concessions, retail, catering, conventions, security, EVS, tower club, and third-party operators
• Analyze financial data from various departments, ensuring accuracy and making recommendations for improvements or corrections
• Monitor general ledger account reconciliations to ensure timely and accurate completion
• Participate in system implementations and process improvements to enhance efficiency
• Produce ad-hoc financial reports and analyses as requested.
• Assist in the contract review process and tracking of Risk Management/Insurance requirements.
• Ensure guest service delivery aligns with company standards.
• Lead the selection and hiring of accountants and coordinators and ensure effective training for new employees.
• Assist in performance evaluations, disciplinary actions, and development activities for the team.
• Manage operational functions in alignment with the strategic vision for the arena.
• Perform other duties as assigned

THE IDEAL CANDIDATE:

• Must be at least 21 years of age
• Bachelor's Degree or equivalent experience
• Five (5) years of prior relevant experience in Finance, Accounting or related field
• Experience with joint venture accounting
• Knowledge and experience with financial systems (Infinium, AS400, Showcase Strategy, Cognos Finance, Cognos Bi, ACL, Report Manager
• Advanced experience with use of Microsoft Office programs (Excel, Word, Outlook) and financial mainframe applications including ability to import and export data to and from mainframe applications
• Must have advanced knowledge of excel including conditional formatting, advanced calculations/functions
• Knowledge of Infinium and finance software preferred
• Ability to prepare and fully analyze financial statements and related reports, and make recommendations and decisions based on financial data
• Familiar with monthly and quarterly financial reports including profit & loss review
• Analyzes and understands information to develop logical solutions to issues
• Experience in working with all levels of management, including executives and consulting with key business stakeholders
• Highly developed organizational skills to function effectively while still maintaining attention to detail and meeting established deadlines
• Able to effectively communicate in English, in both written and verbal forms

THE PERKS & BENEFITS:

• Health & Income Protection benefits (for eligible employees)
• Professional and personal development opportunities through employee programs and network groups
• Free meals in our Cosmopolitan employee dining room
• Free parking on and off-shift at all MGM Resorts properties
• Wellness incentive programs to help you stay healthy physically and mentally
• Access to company hotel, food and beverage, retail, and entertainment discounts

VIEW JOB DESCRIPTION:

https://mgmresorts.marketpayjobs.com/ShowJob.aspx?EntityID=2&jobcode=19343-2

Are you ready to JOIN THE SHOW? Apply today!