The Madison Square Garden Company (MSG) is a world leader in live sports and entertainment experiences. The company presents or hosts a broad array of premier events in its diverse collection of iconic venues: New York’s Madison Square Garden, The Theater at Madison Square Garden, Radio City Music Hall and Beacon Theatre; the Forum in Inglewood, CA; The Chicago Theatre; and the Wang Theatre in Boston. Other MSG properties include legendary sports franchises: the New York Knicks (NBA), the New York Rangers (NHL) and the New York Liberty (WNBA); two development league teams -- the Westchester Knicks (NBAGL) and the Hartford Wolf Pack (AHL); and one of the leading North American esports organizations, Counter Logic Gaming. In addition, the Company features popular original entertainment productions -- the Christmas Spectacular and New York Spectacular – both starring the Radio City Rockettes, and through Boston Calling Events, produces outdoor festivals, including New England’s preeminent Boston Calling Music Festival. Also under the MSG umbrella is TAO Group, a world-class hospitality group with globally-recognized entertainment dining and nightlife brands: Tao, Marquee, Lavo, Avenue, The Stanton Social, Beauty & Essex and Vandal. More information is available at www.themadisonsquaregardencompany.com
The Director will prepare labor & cost estimates for each event (EVCs) for use by Bookings department executives to negotiate deals with clients. Type of events includes sports, concert rentals and/or promotions, family attraction rentals and/or promotions, and special events.
The Director will be responsible for tracking event costs, conducting settlements with promoters and/or artist representatives, preparing P&L statements, compiling post-concert estimates, and accounting and reporting the event closings, along with reconciliation of general ledger. The Director will also be responsible for maintaining event files and preparation for audits.
The Director will develop financial and operational expertise in MSG’s venues, as well as the ability to analyze venue performance as required. This will include understanding all union agreements, work rules and the applicable rate cards. The Director will be used as a resource by the Bookers and other Finance and Accounting Staff.
The Director will represent MSG and prepare Event Settlements (License Settlements or Concert Promotion Settlements) with client (Promoter Accountant and/or Tour Accountant) at time of Concert and Event Settlement, detailing Revenue, deal expenses, incremental charge back expenses, and other related charges or credits due Client, per agreement with MSGE. Provide a service to MSGE clients in a manner that is considered professional, efficient, effective, respectful, and courteous.
These financial and accounting responsibilities include preparation of the statement of operations and subsequent analysis of resulting variances versus budget / forecast, responsibility for the fair presentation of the balance sheet, including supporting schedules and analysis, signing off on journal entries for direct reports, and ensuring accruals are adequate. The Director will work with external and internal auditors as required, and performing ad hoc analysis as required. The Director will supervise and review the work of one Manager.
This position will also be responsible for review of related third party transactions and utilities to ensure that accruals are accurate. Review petty cash audits which will include write-ups of violations. This person must have the ability to work with internal and external auditors. Prepare city and county related reporting.
The Director will also provide primary financial support to VP Arena Operations - Forum along with their operation staffs to provide them with outlook, forecast, budget, profit and loss, and ad hoc reporting. Director will design financial models and analyses to provide Operations with relevant data and metrics for department heads to better manage their expenses, as well as analysis of potential capital expenditures. Responsibilities also include tracking and reporting capital expenditures for the Forum as well Capital Appropriation Request (CAR) packages to ensure that Company Policies are being followed. This position will also work closely with 3rd party parking and food & beverage vendors and provide reporting and analysis on a regular basis.
In addition, this position will be responsible for the Food & Merchandise and Parking month-end close which would include but not limited to preparing P&Ls, variance explanations, journal entries and balance sheet reconciliations. This position will also be responsible for the annual Budget, Forecasts and Outlooks.
Additional tasks will include flashes and updating BOCS after every event with actual revenue data. Collaborates with third party vendor to obtain an understanding of monthly expenses, gathers backup for all contractual obligations, commitment schedules, reviews settlements and works with the VP Arena Operations - Forum on these matters.
Prepares and provides the labor forecast from third party vendor after each event. This position will be the liaison between MSG and their vendors, to ensure all the payments are received on time. Provides union analysis when needed. Report on catering activities in the clubs. Any ad hoc reporting.
The Director shall provide primary analytical support to critical special projects as assigned (e.g., union negotiations, performing rights organization reporting, competitive analysis, etc.). This will include projects and reporting that cross divisions, requiring the Director to maintain positive working relationships across the company. Design financial models and analyses to provide Operations with relevant data for department heads to better manage their expenses.