Director of Accounts Payable/Accounts Receivable (Shared Services)
Madison Square Garden Entertainment Corp
United States, New York, New York
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Salary
$113,000 - $195,000 Per Year
Rank
Director
Responsibility
Process Roles
Scope
Regional
Workplace
100% in office
Functions
Finance
IT
Reports to
Vice President, Corporate Accounting
Level
N-2
Travel Max:
0%
Posting Date
02-20-2025
Description
The Director Shared Services will manage the Accounts Payable and Accounts Receivable processes across all MSG Companies.
Key Responsibilities
- Oversee Accounts Payable teams and process, which includes ensuring invoices, expense reports, and vendor payments are handled accurately and on time, and
- Oversee Accounts Receivable teams and process, which includes billing activities.
- Collaborate with internal account management teams to ensure timeliness of invoicing activities and communication thereof with the Company’s customers.
- Seek out opportunities to bring IT automation to the group and processes.
- Identify and implement process improvement activities by automating processes.
- Review Oracle financial reports for variances and providing guidance and assistance to Corporate Accounting staff.
- Work on special projects/respond to ad-hoc requests made by the Vice President, Corporate Accounting.
- Lead team to manage monthly closing of Accounts Payable company-wide, including the preparation of journal entries, provides the rest of the accounting group with month-end accrual information, recurring entries, all in accordance with the monthly closing calendar.
- Lead team to ensures timely payments of expense reports and continually monitors credit limits of corporate credit cards.
- Assist in updates and system conversions for the Accounts Payable system in Oracle.
- Manage payments to increase Days Paid Outstanding (“DPO”) and establish goals for the team to achieve and ensure proper communication to business and treasury to manage cash more effectively.
- Manage cash receipts to decrease Days Sales Outstanding (“DSO”) and establish goals for the team to achieve and ensure proper communication to business and treasury to manage cash more effectively.
- Lead team to ensure they are responsible for oversight of the application of cash.
- Ensure all unapplied transactions, overpayments etc. are appropriately resolved.
- Manage team to oversee the maintenance of ERP subledger and the general ledger ensuring all reconciling items are identified and appropriately resolved.
- Manage team to ensure proper recording of consolidated accounts receivable balances of the Company.
- Review bad debt reserve calculation with Vice President, Corporate Accounting and Sr. Manager of Accounts Receivable and make recommendations and enhancements where necessary and ensure compliance with company policies.
- Ensure team is performing and reviewing various month end close activities while ensuring the accounting records are complete, accurate and recorded on a timely basis.
- Responsible for the oversight of monthly reporting requirements & quarterly and year end disclosure requirements for Concentrations of Risk, Allowance for Doubtful Accounts, and Revenue for the MSG Companies respective Forms 10-Q and 10-Ks.
- Maintain the process narrative, documentation and SOX compliance for billing, cash collection and application, accounts receivable, certain aspects of book close, etc.
- Serve as the final reviewer for certain key controls and timely address any requests from internal and external audit.
Qualification & Requirements
- BS or BA in Accounting/Finance, or equivalent,
- 7+ years of related experience,
- strong knowledge of US GAAP and SOX controls,
- Prior experience supervising a diverse team,
- Advanced proficiency in Microsoft Office required Strong analytical account analysis skills,
- Oracle proficiency strongly preferred,
- Strong understanding of monthly close process,
- Ability to build strong relationships with all customers (internal and external),
- Ability to work both independently to trouble shoot and problem solve,
- Ability to adapt to shifting priorities and open to learning new ways of working,
- Ability to be a reliable team member, capable of effective collaboration to achieve our shared goals across teams, departments, and companies,
- Ability to communicate effectively at all levels of the organization, tailoring the message based on the purpose, audience, and channel,
- Ability to embrace change with a flexible mindset, even if the way forward isn’t clear, and
- CPA and Big 4 public accounting strongly preferred
Benefits
- Medical Plan Options
- Prescription Drug Plans
- High-Quality Dental & Vision Plans
- Flexible Spending Accounts & Health Savings Plans
- Employee Assistance Programs, 24/7 Support
- Pet Insurance
Company Profile
Madison Square Garden Entertainment Corp
Industry
Entertainment
Revenue
$959.3M
Employees
3,950
Fortune 500 Rank
NA
Global 500 Rank
NA
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