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MGM Resorts International Entertainment Accountant (MGM Springfield) in Springfield, Massachusetts

Location:

Springfield, Massachusetts

The Manager Entertainment Finance & Accounting is responsible for performing assigned accounting and reporting activities for MGM Springfield and the MassMutual Center, while adhering to Generally Accepted Accounting Principles (GAAP) and MGM Resorts International’s corporate accounting policies. The Manager supports the Executive Director of Finance and provides financial support to entertainment venues and other related or interfacing entertainment departments, and/or partners and co-promoters as required. Responsibilities include event settlement and ensuring all applicable balance sheet accounts continuously reflect accurate financial position.

POSITION RESPONSIBILITIES/DUTIES:

  • Support the Executive Director of Finance and provide financial oversight and execution to entertainment venues and other related or interfacing entertainment departments, and/or partners and co-promoters as required

  • Manage assigned operational functions consistent with the strategic plan and vision for the arena.

  • Prepare, and/or review, all co-promoter and joint venture related entries, and proactively coordinate month end close revenue and expense accrual journals with the Finance Shared Services Center

  • Prepare accurate journal entries to reflect proper accrual basis accounting transactions in the correct period - activities are to be performed in accordance with GAAP and follow the guidelines of the co-promoter agreement with Live Nation and/or any future co-promoters– responsibilities include all entities within MGM Springfield.

  • Maintain records and ensure accurate billing of all premium seating, sponsorship, and other annual billing for the Partnership

  • Monitor financial activities and details for MassMutual Center, such as cash flow and reserve levels for company and state accounts and payments, to ensure that all contractual, legal, and regulatory requirements are met

  • Prepare management reports regarding compliance operations and progress for the state

  • Establish and monitor MassMutual Center budgets and financial operations for Convention Sales department; review event bills for accuracy, and approve vendor payments and commission payments

  • Work closely with Corporate Entertainment Finance to ensure alignment with all policy and procedures including headliner settlement process, audit, journal entries, and reconciliations.

  • Responsible for performing all theatrical event settlements, including calculation and preparation of wires, interfacing with outside show and promoter accountants

  • Create, manage, and analyze annual budget with Entertainment Director including operations and marketing strategies, to produce short and long term profitability for the arena.

  • Generate pre-event and post-event analysis including financial proformas

  • Develop, oversee and make valid recommendation in the financial planning and accounting of concessions, retail, catering, conventions, security, EVS, tower club, and other third-party operators.

  • Analyze financial information supplied by various operating departments for accuracy. Inform departments and others of unusual or unexpected financial results and make recommendations for corrections and improvements

  • Develop, maintain, and audit/review entertainment profit and loss statements and oversee all accounts payable and receivable activities

  • Generate and provide reports and financial interfaces with box office/ticketing and internal audit.

  • Create requested schedules for periodic internal, external, and regulatory audits and reviews

  • Create and maintain requested schedules for any partner upon request

  • Generate and distribute Daily Operating Report information as necessary

  • Monitor and review general ledger account reconciliations that are performed by Financial Shared Services Center to ensure accounts are reconciled in an accurate and timely manner. Resolve any issues that occur as needed.

  • Produce financial reports and ad-hoc analyses as requested by property leadership, including CFO, Executive Director Finance, and Director Entertainment, and/or the Corporate Entertainment office.

  • Assist the Director Entertainment with the Contract Review process, provide recommendations on how to proceed.

  • Assist with tracking Risk Management/Insurance requirements to ensure compliance within established and future contracts

  • Other Accounting and Finance related duties as requested and required by MGM Springfield management and corporate entertainment

This job description in no way states or implies that these are the only duties to be performed by the employee in this position. It is not intended to give all details or a step-by-step account of the way each procedure or task is performed. The incumbent is expected to perform other duties necessary for the effective operation of the department.

SUPERVISORY RESPONSIBILITIES: List all direct report titles and number of incumbents in each title.

  • None

EDUCATION and/or EXPERIENCE :

List the minimum education required and preferred qualifications for the job classification.

Required: Measurable requirements will be used as pre-screening questions

  • Bachelor's Degree in Accounting, Finance, Business Management or equivalent.

  • At least five (5) years of experience in finance or accounting, or a related field, that includes experience with monthly and quarterly financial reports including profit & loss review

  • High school diploma or equivalent

  • Effectively communicate in English, in both written and oral forms

Preferred:

  • At least one (1) years supervisory experience

  • Previous experience with financial systems (Infinium, AS400, Showcase Strategy, Cognos Finance, Cognos Bi, ACL, Report Manager).

  • Previous experience in an arena and/or entertainment finance area

  • Previous experience with joint venture/ co-promoter accounting

  • Previous experience with Entertainment pro-formas

  • Previous experience working in a similar resort setting

CERTIFICATES, LICENSES, REGISTRATIONS:

  • Proof of eligibility to work in the United States

KNOWLEDGE/SKILLS/ABILITIES:

  • Ability to work in a high stress fast paced environment managing multiple tasks, projects and personnel simultaneously.

  • Demonstrates a basic knowledge of generally accepted accounting principles (GAAP),accounting practices and theories

  • 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 possess ability to prioritize conflicting duties and maintain timeline integrity for projects and tasks.

  • Strong team player that has a direct approach and is solution oriented.

  • Highly developed organizational skills to function effectively while still maintaining attention to detail and meeting established deadlines.

  • Professional appearance and demeanor.

  • Advanced knowledge of preparation and review of general ledger account reconciliations

  • Ability to prepare and fully analyze financial statements and related reports, and make recommendations and decisions based on financial data.

  • Familiar with monthly financial statements and review techniques

  • Knowledge of Infinium and finance software preferred

  • Works in a conscientious, consistent and thorough manner

  • Identifies main concepts and ideas when reading simple, straightforward documents

  • Reviews own work for accuracy and completeness, spotting inconsistencies or discrepancies that indicate problems with quality of work

  • Pays close attention to details that are important to others to make sure they are right.

  • Interpersonal skills to effectively communicate with all business contacts in all levels of management, including executives and consulting with key business stakeholders.

  • Ability to effectively communicate in English, in both oral and written forms

  • Demonstrates a clear service-minded focus when making decisions

  • Analyzes and understands information to develop logical solutions to issues

  • Flexibility and ability to work within a fast growth environment with changing priorities

  • Logically sets completion priorities for various tasks

WORK SCHEDULE/HOURS:

  • Regular scheduled hours : Various days and various hours

  • Schedule requires working in accordance to entertainment events which may include working long or irregular hours and weekends

MGM Resorts International is an Equal Opportunity Employer. In compliance with the Americans with Disabilities Act, MGM Resorts International will provide reasonable accommodations to qualified individuals with disabilities and encourages both prospective and current employees to discuss potential accommodations with the employer.

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