Full-Time

Manager Finance

Updated on 12/5/2024

MSG Entertainment

MSG Entertainment

1,001-5,000 employees

Operates iconic venues for live events

Consumer Goods
Entertainment

Compensation Overview

$83k - $145kAnnually

Mid

New York, NY, USA

Position requires onsite presence in New York City.

Category
Financial Planning and Analysis (FP&A)
Finance & Banking
Required Skills
Financial analysis
Tableau
Data Analysis
Requirements
  • Undergraduate degree in Business/Accounting/Finance or related field, MBA is a plus.
  • 4+ years’ experience in Finance or Accounting, ideally focused on financial analysis and budgeting within the Entertainment or Sports industry.
  • Expertise in facilities finance including union and part-time labor, rent and property taxes, utilities, and repairs and maintenance.
  • Proficiency in systems and software currently utilized by MSG, including Excel, Oracle GL, Oracle Planning (Hyperion), and Tableau.
  • Ability to adapt to shifting priorities and open to learning new ways of working.
  • Ability to embrace change with a flexible mindset, even if the way forward isn’t clear.
  • Ability to work independently to trouble shoot and problem solve.
  • Ability to be a reliable team member, capable of effective collaboration to achieve our shared goals across teams and departments.
  • Ability to communicate effectively at all levels of the organization and relay technical information in a concise manner, tailoring the message based on the purpose, audience, and channel.
  • Ability to build strong relationships with all customers (internal and external).
Responsibilities
  • Prepare the annual budget and monthly forecasts for Venue Operations and Office Services.
  • Manage approximately $75 million in operating expenses, including rent, property taxes, utilities, labor, repairs and maintenance, and other non-labor expenses.
  • Support capital planning by preparing and submitting Capital Appropriation Request (CAR) forms and tracking capital spending on projects.
  • Assist the Accounting team with accruals, reclassifications, and other needs during the month-end close process.
  • Prepare post-event flash reports for food, beverage, and merchandise, including data on product, quantity, sales, and ad hoc analyses, along with weekly year-to-date revenue reporting against the budget.
  • Prepare month-end variance analysis reports and present results to the General Manager, Vice President, and department heads.
  • Analyze and maintain monthly tracking files for key expenses such as labor, utilities, taxes, capital expenditures, licenses, and permits.
  • Provide support to the Operations teams with financial requests, including ad hoc analyses, purchase order approvals, and expense coding.

MSG Entertainment provides live entertainment experiences by operating a collection of well-known venues and entertainment brands. The company hosts a variety of events, including concerts, sports games, and theatrical performances, primarily in North America. Its venues, such as Madison Square Garden and Radio City Music Hall, are famous for their history and capacity to attract large audiences. MSG Entertainment generates revenue through ticket sales, renting out its venues, securing sponsorships, and selling concessions during events. Unlike many competitors, MSG Entertainment not only focuses on live events but also capitalizes on media rights and merchandising related to its entertainment brands. The company's goal is to deliver memorable experiences to a wide audience while maintaining its status as a leader in the live entertainment industry.

Company Stage

IPO

Total Funding

N/A

Headquarters

New York City, New York

Founded

2010

Simplify Jobs

Simplify's Take

What believers are saying

  • Recent investments by firms like Assenagon Asset Management and Capula Management indicate strong market confidence in MSG Entertainment's growth potential.
  • The appointment of experienced executives like Michael Grau and Laura Franco strengthens the company's leadership team, potentially driving strategic initiatives and operational efficiency.
  • The launch of a new venue partnership agency with Oak View Group could open up new revenue opportunities and expand MSG Entertainment's influence in the global market.

What critics are saying

  • The competitive nature of the live entertainment industry requires MSG Entertainment to continuously innovate to maintain its market position.
  • Economic downturns or changes in consumer behavior could impact ticket sales and venue rentals, affecting revenue streams.

What makes MSG Entertainment unique

  • MSG Entertainment's ownership of iconic venues like Madison Square Garden and Radio City Music Hall provides a unique competitive edge in the live entertainment industry.
  • The company's diverse revenue streams, including ticket sales, venue rentals, and media rights, offer financial stability and resilience against market fluctuations.
  • Strategic partnerships, such as the one with Oak View Group, enhance MSG Entertainment's global reach and influence in the sports and entertainment sectors.

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