Senior Director Accounting
Sphere Entertainment Co. (NYSE: SPHR) is a premier live entertainment and media company. The Company includes Sphere, a next-generation entertainment medium powered by cutting-edge technologies to redefine the future of entertainment. The first Sphere venue in Las Vegas opened in September 2023. In addition, the Company includes MSG Networks, which operates two regional sports and entertainment networks, MSG Network and MSG Sportsnet, as well as a direct-to-consumer and authenticated streaming product, MSG+, delivering a wide range of live sports content and other programming. More information is available at sphereentertainmentco.com.
Who are we hiring?
This position is responsible for the operational control of the public company books and records for corporate accounting for Sphere Entertainment Co. as well as SEC Reporting, Consolidation, and Statutory Reporting. This position is also responsible for day-to-day corporate related operations, the monthly closing process, account analysis, quarterly external, internal, and tax reporting packages. This position would be responsible for accounting for pensions, debt, cash, employee bonus and various benefit programs, stock compensation, and miscellaneous other assets and accrued expenses. Provide accounting support to the executive departments (CEO, Executive Chairman and Executive Support) and any ad-hoc/special projects. Maintain all necessary accounting policies, related documentation and systems including general ledger and financial reporting. Ensure records are maintained in accordance with US GAAP and SEC rules and regulations. Supervise account analysis and reconciliations using Oracle Account Reconciliation Tool, devise internal reports useful to the accounting departments and other departments. Maintain SOX compliance, issue internal statements and reports on a timely basis, meeting all external reporting requirements.
What will you do?
- Manage public company monthly closings for corporate accounting, including the preparation or review of journal entries, in accordance with the monthly closing calendar.
- Manage monthly closing process, reviewing journal entries as well as reviewing Oracle financial reports for variances and providing guidance and assistance to Corporate Accounting staff. Ensuring timely and accurate closing of Oracle General Ledger.
- Manage the SEC and statutory reporting processes, including the preparation of the Form 10Qs and K.
- Effectively manage, motivate, and train assigned staff and provide regular (daily where appropriate) status of work-in-progress responsibilities to the VP Corporate Accounting and Shared Services.
- Provide financial support for ad-hoc projects as assigned by senior leadership .
- Evaluate and identify areas of potential exposure and internal control weakness, and evaluate and improve processes and work flows to improve completion times.
- Assist in updates and system conversions for general ledger and subledgers, suggest enhancements, and confirm functionality of delivered products meet requested expectations.
- Manage pension plan accounting, stock compensation, and other corporate type accounting matters including various company bonus plans and other employee bonuses accounts.
- Provide insight on current processes and supporting the Finance groups in delivery of Budget and Forecasts.
What do you need to succeed?
- BS or BA in Accounting/Finance, or equivalent, CPA license required
- Minimum 8 years related experience, strong knowledge of US GAAP and SEC rules and regulations
- High energy with the ability to lead an accounting staff through transformational change
- Prior supervisory experience required
- Strategic thinker who possesses the ability to effectuate meaningful change and identify opportunities for process enhancement
- Consistently demonstrates a ‘run it like you own it’ mentality and exemplary direction and supervisory skills
- Excellent PC, Excel and Word skills
- Strong analytical account analysis skills
- Strong verbal communication/interpersonal skills with the ability to articulate relevant business processes to both accounting and non-accounting members of senior leadership
- Strong understanding of monthly closing, forecasting, and budgeting processes
- Experience with Oracle (all modules)
- Experience with Financial Systems and corporate applications.
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