Settlement Accountant jobs in United States
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OC Sports & Entertainment · 3 months ago

Settlement Accountant

OC Sports & Entertainment is dedicated to enriching lives through shared experiences in the community. The Settlement Accountant will manage financial aspects of ticketed and non-ticketed events, ensuring accurate pre-event budgeting, post-event settlements, and financial reporting to maximize event profitability.

Digital EntertainmentEventsMedia and Entertainment

Responsibilities

Responsible for preparing pre-settlement estimates prior to each event (including programming and special events)
Responsible for event settlements the night of each event or within timelines, working with systems, operations and production to gather all revenue and expense details in real time during all events
Ensure that settlements are completed accurately and efficiently before the end of each event night and executing with promoter
Initiate and prepare wire transfers to artists, promoters, or other settlement parties in accordance with contract terms
Prepare post-event flash reports within 24 hours (or within timeline specified for event), summarizing performance against expectations
Record and reconcile revenue streams including ticketing, rent, F&B, merchandise, sponsorship, and other ancillary income
Capture and track any discrepancies or deviations from budget, and flag issues for follow-up
Collaborate with operations and booking teams to build detailed pre-event budgets
Maintain budget templates for various event types and ensure alignment with assumptions used in the annual budget process
Support the rolling forecast process with updated event P&Ls
Compare post-show/event actuals to pre-show/event budgets and annual budgets
Provide event contribution margin analysis and identify cost-saving or revenue-generating opportunities
Analyze historical data to inform pricing, budgeting, and vendor negotiations
Reconcile event-related accounts to the general ledger
Ensure all journal entries related to event settlements, accruals, and reclasses are accurately prepared and posted
Track and reconcile prepaid and deferred revenue accounts related to events and sponsorships
Assist with reconciling ticketing reports to system entries and bank deposits
Prepare supporting schedules and documentation for monthly close review and audit support
Build and maintain dashboards or trackers for event financial performance by venue or category including flash reports and actual to budget reports
Present clear financial summaries to operations and executive leadership as needed
Support ad hoc reporting and analysis requests related to events, bookings, and profitability

Qualification

Financial systemsExcelGeneral accountingEvent budgetingSports experienceCommunication skillsDetail-oriented

Required

2-3 years in a general accounting function
Proficient in financial systems (D365 FO preferred)
Proficient in Excel
Meticulous and detailed-oriented
Excellent communication and written skills
Bachelor's Degree
2+ years of experience

Preferred

Sports and entertainment experience preferred

Company

OC Sports & Entertainment

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OC Sports & Entertainment is dedicated to building world class sports and entertainment experiences through groundbreaking technology and a dedication to community.

Funding

Current Stage
Growth Stage

Leadership Team

B
Bill Foltz
Chief Executive Officer
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Company data provided by crunchbase