Director External Reporting & Consolidation

3 Weeks ago • 7 Years + • Account Management • Finance

About the job

Job Description

The Director of External Reporting & Consolidation at Sphere Entertainment Co. is responsible for preparing consolidated financial statements, quarterly and annual statutory financial statements for certain divisions, including reviewing balance sheets, income statements, and cash flows. This role involves reviewing financial packages from business units, ensuring accuracy before SEC filings, and identifying areas of potential exposure and internal control weaknesses. Responsibilities also include share-based compensation accounting, earnings per share calculations, segment reporting, statutory reporting for subsidiaries, assisting investor relations, and preparing journal entries. The ideal candidate will have 7+ years of experience, a CPA license, and proficiency in technical accounting aspects, Excel, and Oracle Financial Systems.
Must have:
  • 7+ years experience (public accounting & private industry)
  • CPA license
  • Technical accounting proficiency
  • SEC reporting expertise
  • Excel & Oracle Financial Systems
  • Consolidated financial statement preparation
Good to have:
  • Workiva Wdesk & XBRL tagging experience
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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?

The Director External Reporting & Consolidations is responsible for preparing consolidated financial statements for Sphere as well as quarterly and annual statutory financial statements for certain Sphere divisions. These include the review of Balance Sheet, Income Statement, Statement of Cash Flows (“SoCF”), Statement of Shareholders Equity, and Statement of Comprehensive Income for inclusion in the Company’s periodic filings with the SEC on a quarterly basis as well as preparing certain footnotes and Management discussion and analysis (MD&A). The Director reviews, analyzes and consolidates financial packages submitted by business units to ensure that consolidated results are accurate prior to being included in Sphere’s external reporting. Additionally, the Director evaluates and identifies areas of potential exposure and internal control weaknesses for Sphere’s reportable segments as well as various corporate groups.

What will you do? 

  • Responsible (working with Senior Staff Accountant) for accounting for Company’s share-based compensation (“SBC”), earnings per share calculations and related disclosure, as well as segment reporting.
  • Work with the FP&A team on projections for the budget and forecast related to share-based compensation annually, as well as working with income tax team on quarterly basis to provide additional SBC information used for DTA calculation.
  • Responsible for statutory reporting requirements for Sphere subsidiaries.
  • Assist Investor Relations with earnings documents and ensures consistency between Forms 10-Q/K and earnings documents.
  • Prepare journal entries for corporate accounting for monthly and quarterly share based compensation related matter including capitalization as well as income tax related schedules.
  • Prepare disclosure related to the Company’s leases, share-based compensation, earnings-per-share, related party transactions, as well as management’s discussion and analysis in Sphere Forms 10-Q and 10-K.
  • Ensure accuracy of the monthly foreign exchange translation and maintaining Cumulative Translation Adjustment account.
  • Preparation of audited financial statements for Sphere subsidiaries. Work with treasury and legal department and provide various analyses need for determining the settlement of intercompany payable/receivable balance and repatriation of capital back to US parent company.
  • Review consolidated financial statements prepared by the manager of consolidations, including Balance Sheet, Income Statement, Statement of Cash Flows, Statement of Shareholders Equity, and Statement of Comprehensive Income for inclusion in the Company’s periodic filings with the SEC on a quarterly basis.
  • Review and analyze financial packages submitted by business units, participate in various divisional accounting review meeting and identify accounting and disclosure issues.
  • Ensure the integrity of balance sheets, income statements, applicable financial statement analysis and other supporting documentation pertaining to management, annual audit, SEC and other reports.
  • Prepare the cash flow analysis and Cash Flow Discussion in the Company’s 10Qs and 10-Ks based on SoCF prepared by manager of consolidations.
  • Evaluate and identify areas of potential exposure and internal control weaknesses.

What do you need to succeed? 

  • 7+ years of experience, preferably a mix of public accounting and accounting in private industry.
  • Bachelor’s Degree in Accounting or related field.
  • CPA license required.
  • Proficient understanding of technical accounting aspects, including preparation of financial statements, footnote disclosures, and analytical review.
  • Proficiency in Excel and knowledge of Oracle Financial Systems.
  • Ability to evaluate and interpret data and draw relevant conclusions.
  • Ability to interact with various levels of management and staff in several divisions.
  • Ability to mentor and lead Accountants.
  • Excellent project management skills with the ability to keep projects on schedule.
  • Attention to detail and strict adherence to deadlines is critical.
  • Possess strong organizational skills with the ability to multi-task in a fast-paced detail-oriented environment.
  • Experience in Workiva Wdesk platform and XBRL tagging is preferred.

#LI-Onsite

Pay Range
$113,000$180,000 USD

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. In addition to federal law mandates, MSG complies with all applicable state and local laws governing nondiscrimination in all locations and will consider requests for reasonable accommodations as required.

View Full Job Description
$113.0K - $180.0K/yr (Outscal est.)
$146.5K/yr avg.
New York, New York, United States

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