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Staff Accountant - Financial Reporting
AEG
Los Angeles, CA, United States
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AEG is the world’s leading sports and live entertainment company with operations in the following business segments:
• AEG Facilities, which with its affiliates owns, manages or consults with more than 120 venues
• AEG Live, which is one of the largest live music companies in the world dedicated to live contemporary music performances, including producing and promoting global and regional concert tours, music events and world-renowned festivals
• AEG Sports, which is the world’s largest operator of sports franchises and high-profile sporting events
• AEG Global Partnerships, which supports each of AEG’s divisions through worldwide sales and servicing of sponsorships including naming rights, premium seating and other strategic partnerships
• AEG Real Estate, which develops major sports and entertainment districts worldwide
With offices on five continents, the company uses its global network of venues, portfolio of powerful sports and music brands, ticketing and content distribution platforms and its integrated entertainment districts to deliver the most creative and innovative live sports and entertainment experiences that inspire athletes, teams, artists and fans.
POSITION PURPOSE:
The Staff Accountant primarily assists in the consolidation of AEG Corporate & its subsidiaries, and preparation of various consolidated financial reports. Consolidated financial reports are prepared quarterly and yearly while other various reports are prepared monthly and on ad-hoc basis. The position requires knowledge of accounting principles and accounting functions, in addition to experience in consolidation process, in order to work independently to complete tasks.
This position also performs professional level accounting work in the generation, analysis, and maintenance of fiscal records related to operating entities as deemed appropriate by management. The Staff Accountant will be responsible for performing monthly tasks, including but not limited to, the generation of accounts receivable, and the recording of fixed assets and accruals, along with the preparation of various reports for management use. This individual will be required to apply accounting knowledge to ensure proper coding and recording.
This individual may be asked to perform ad-hoc analyses and create spreadsheets and reports for management as necessary. These responsibilities and tasks will be coordinated with and supervised by the Manager, Financial Reporting.
EXAMPLES OF DUTIES:
• Preparation of consolidated financial statements and management reports on monthly, quarterly and annual basis.
• Prepare audit and related roll forward schedules.
• Prepare support schedules for consolidation analysis, such as consolidated cash flows schedules, intercompany foreign exchange journal entries, and consolidation elimination reports.
• Prepare various ad hoc reports and analyses for management through Insight and JDEdwards
• Analyze, process, and reconcile cash-related transactions to monthly bank reconciliations and financial reports.
• Apply strong knowledge of chart of accounts to verify proper general ledger account coding and coding of vendor transactions.
• Reconcile various general ledger accounts on a monthly basis, including cash, receivables, fixed assets, intercompanies, payables, deferrals, etc.
• Prepare and input journal entries and determine appropriate accruals to be made monthly.
• Monitor fixed asset activity in detail and input into accounting module for automatic depreciation generation.
• Create support schedules for monthly financial packages, and update as determined to be necessary based on ongoing trends and actual data.
• Respond to vendor and management inquiries on a timely basis.
SUPPORTIVE FUNCTIONS:
In addition to performance of the essential functions, this position may be required to perform a combination of the following supportive functions as determined by the supervisor based upon the particular requirements of the company.
• Maintain entity and departmental accounting policies and procedures, and develop and implement improved accounting policies and procedures, if necessary.
• Monitor receivable aging reports and collect outstanding receivables.
• Create supporting schedules for financial and budgetary activities.
• Be involved in financial modeling, such as collecting and inputting data.
• Provide suggestions to management and supervisor on ways to implement efficiencies with daily processing and reporting activities, and implement as approved.
• Perform ad hoc projects as determined to be necessary to complete monthly and annual tasks.
SPECIFIC JOB KNOWLEDGE, SKILLS, AND ABILITY
The individual must possess the following knowledge, skills and ability and be able to explain and demonstrate that he or she can perform the essential functions of the job, with or without reasonable accommodation, using some other combination of skills and abilities.
• Ability to learn the intricacies of the financial reporting process and consolidation procedures.
• Willingness to work within a changing environment and ability to redirect focus.
• Ability to read, listen and communicate effectively in English, both verbally and in writing.
• Ability to access and accurately input information using a moderately complex computer system/financial application.
• Must have considerable knowledge with basic accounting principles (i.e. journal entries, debits, credits, etc.) and accounting functions.
• Ability to work independently and complete duties and projects with little direct supervision.
• Ability to accurately work under pressure in meeting deadlines.
• Must have excellent organizational skills.
• Must have hands-on computer skills.
• Must be proficient with Excel, Word and Email applications.
• Ability to communication to finance and operational upper management.
• Hands-on experience working with multiple companies/legal entities and ability to handle multiple tasks and deadlines.
OTHER:
Regular attendance in conformance with the standards, which may be established by AEG from time to time, is essential to the successful performance of this position. Employees with irregular attendance will be subject to disciplinary action, up to and including termination of employment.
Due to the cyclical nature of the entertainment industry, employees may be required to work varying schedules to reflect the business needs of the company.
Upon employment, all employees are required to fully comply with AEG rules and regulations for the safe and efficient operation of hotel facilities. Employees who violate these rules and regulations will be subject to disciplinary action, up to and including termination of employment.
QUALIFICATION STANDARDS
Education:
Graduation from an accredited four-year college or university with a major in the field of accounting.
Experience:
Requires at least 2-4 years of general accounting experience working with complex computer systems/financial applications, preferably JD Edwards.