Madison Square Garden Entertainment Corp. (MSG Entertainment) is a leader in live entertainment, delivering unforgettable experiences while forging deep connections with diverse and passionate audiences. The Company’s portfolio includes a collection of world-renowned venues – New York’s Madison Square Garden, Infosys Theater at Madison Square Garden, Radio City Music Hall, and Beacon Theatre; and The Chicago Theatre – that showcase a broad array of sporting events, concerts, family shows, and special events for millions of guests annually. In addition, the Company features the original production, the Christmas Spectacular Starring the Radio City Rockettes, which has been a holiday tradition for more than 90 years. More information is available at www.msgentertainment.com.
Who are we hiring?
This role is primarily responsible for the accounting operations of MSG Sports including preparation and recording of required journal entries, timely and accurate recognition of sports teams revenue (including marketing partnerships), monthly financial close processes, monitoring of financial results to facilitate financial analysis, effective operation and monitoring of the Company’s Internal Control Over Financial Reporting with respect to MSG Sports and facilitation of the external audit process.
What will you do?
- Review new sponsorship, advertising, and partnership agreements, amendments, and deal changes;
- Analyze sponsorship contracts and related deliverables for revenue recognition in accordance with ASC 606;
- Liaise with Marketing Partnership Finance, Legal and Operations teams regarding sponsorship revenue and fulfillment support and related accounting matters;
- Review Accounts receivable aging and liaise with collections team;
- Preparation of journal entries related to sponsorship revenue, commissions, and related accruals;
- Review of sponsorship revenue transactions to ensure timely and accurate recognition and reporting of sales activity;
- Monitor and analyze sponsorship fulfillment schedules and weekly partnership files to ensure completeness and proper classification of revenue;
- Responsible for month end close activities with respect to marketing partnerships revenue, including but not limited to:
- Monthly preparation and/or review of general ledger postings related to sponsorship revenue and related accruals,
- Preparation of balance sheet reconciliations,
- Preparation of income statement and balance sheet variance analyses, including analysis supporting the Company’s MD&A,
- Analysis of deferred revenue and contract asset balances;
- Related Party Transactions Support, including management of payments and application/allocation between MSG Sports and MSG Entertainment;
- Will work with both internal and external auditors in providing them with required information during quarterly reviews and annual audits;
- Special projects as necessary;
- Strict adherence to the timelines established for all reporting.
- Provide exceptional experiences for our guests, partners, and team members, including by adhering to our appearance and presentation guidelines while on-site.
What will you need to suceed?
- Bachelor’s degree preferred in business/accounting or related field
- Public/private background preferred with excellent communication skills, both verbal and written
- 3-5+ years accounting experience
- Experience with revenue recognition under ASC 606 preferred
- Strong analytical and organizational skills
- CPA preferred
- Must be proficient in Excel and possess knowledge of automated environments
- Experience with ERP systems such as Oracle Cloud or similar platforms preferred
#LI-Onsite
At MSG, we recognize the importance of upskilling employees’ talents and strengths so they can drive their careers forward. We are proud to offer a robust set of tools and resources to help employees understand their interests and purpose, harness their talents and obtain the skills they need to reach the next step in their careers. Growth and longevity for our employees are top priorities here.
We value diversity and are looking for extraordinary employees of all backgrounds! MSG is an Equal Opportunity Employer and provides equal employment opportunities to all employees and applicants for employment without regard to race, color, religion, gender, sexual orientation, gender identity or expression, sexual and reproductive health choices, national origin, citizenship, age, genetic information, disability, or veteran status. MSG complies with all applicable federal, state, and local laws governing nondiscrimination, including considering requests for reasonable accommodations as required.
Skills Required
- Bachelor's degree in business, accounting, or related field
- 3-5+ years accounting experience
- Experience with revenue recognition under ASC 606
- CPA
- Proficiency in Excel
- Knowledge of automated accounting environments
- Experience with ERP systems such as Oracle Cloud or similar platforms
- Strong analytical and organizational skills
- Excellent verbal and written communication skills
- Public or private accounting background
What We Do
MSG Entertainment is a world leader in live entertainment, comprised of world-renowned venues and marquee brands. Utilizing our powerful assets and expertise, we produce, present, or host a variety of entertainment and sports events, delivering unforgettable experiences for millions of fans each year. Across our venues and brands, MSG Entertainment sets the standard for excellence and innovation while forging deep connections with diverse and passionate audiences. Our Company includes our portfolio of iconic venues: New York’s Madison Square Garden, The Theater at Madison Square Garden, Radio City Music Hall, and Beacon Theatre; and The Chicago Theatre – each a prominent destination for unforgettable experiences and events. With flexible seating capacities and configurations that range from 2,800 to 21,000, our venues enable us to showcase a broad array of compelling sporting events, concerts, family shows, and special events that cover a wide spectrum of genres. This includes at Madison Square Garden, known as “The World’s Most Famous Arena,” which serves as home to the New York Knicks and New York Rangers – two of the most recognized franchises in professional sports – and perennially hosts the biggest names in music and entertainment. MSG Entertainment also features the wholly-owned original production, the Christmas Spectacular Starring the Radio City Rockettes, which has been a holiday tradition for generations of fans at Radio City Music Hall since 1933. The show’s enduring popularity is driven by the world-famous Radio City Rockettes, the longest-running precision dance company in America. More information is available at www.msgentertainment.com
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