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MGM Resorts International Arena Entertainment Finance Manager (Corporate) in US, Nevada

Location:

US, Nevada

Become one of the stars behind The SHOW and become part of the world’s most powerful entertainment brands. Our Company has one exciting mission: To entertain the human race.

The Manager Finance & Accounting is responsible for performing assigned accounting and reporting activities for the joint venture operations of T-Mobile Arena and Grand Garden Arena, as well as Mandalay Bay Event Center & Beach, Park Theater, festival lots, regional entertainment venues, among others, while adhering to Generally Accepted Accounting Principles (GAAP) and MGM Resorts International’s corporate accounting policies. The Manager supports the Director of Finance & Administration and provides financial support to the arena and other related or interfacing entertainment departments, and/or the joint venture partner as required. Responsibilities include event settlement and ensuring all applicable balance sheet accounts continuously reflect accurate financial position. The Manager is responsible for the supervision of a team of accountants and coordinator to complete assigned accounting processes, including joint venture accounting. The Manager ensures that the team is effectively trained in assigned processes and that work product is appropriately reviewed.

PRINCIPAL DUTIES AND RESPONSIBILITIES:

  • Prepare, and or review, all joint venture related entries, and proactively coordinate month end close revenue and expense accrual journals with the Finance Shared Services Center

  • Prepare accurate journal entries to reflect proper accrual basis accounting transactions in the correct period - activities are to be performed in accordance with GAAP and follow the guidelines of the joint venture agreement with AEG – responsibilities include all entities within the joint venture – T-Mobile Arena, Grand Garden Arena Tenant, and Mandalay Bay Event Center Booking Company.

  • Maintain records and ensure accurate billing of all premium seating, sponsorship, and other annual billing for the joint venture

  • Supervise a team of accountants and coordinator to achieve accurate financial reporting

  • Responsible for performing all arena event settlements, including calculation and preparation of wires, interfacing with outside show and promoter accountants

  • Generate pre-event and post-event analysis including financial proformas

  • Develop, maintain, , and audit/review entertainment profit and loss statements and oversee all accounts payable and receivable activities

  • Generate and provide reports and financial interfaces with box office/ticketing and internal audit.

  • Create, manage, and analyze annual budget, including operations and marketing strategies, to produce short and long term profitability for the arena.

  • Create requested schedules for periodic internal, external, and regulatory audits and reviews

  • Create and maintain requested schedules for the joint venture partner upon request

  • Generate and distribute daily operating report information as necessary

  • Develop, oversee and make valid recommendation in the financial planning and accounting of concessions, retail, catering, conventions, security, EVS, tower club, and other third-party operators.

  • Analyze financial information supplied by various operating departments for accuracy. Inform departments and others of unusual or unexpected financial results and make recommendations for corrections and improvements.

  • Monitor and review general ledger account reconciliations to ensure accounts are reconciled in an accurate and timely manner

  • Participate in projects for systems implementations and/or process related improvements

  • Produce financial reports and ad-hoc analyses as requested

  • Assist the Contract Review process

  • Assist with tracking Risk Management/Insurance requirements

  • Manages the delivery and measurement of guest service consistent with the company’s core service standards

  • Coordinate the selection and hiring process for accountants and coordinator

  • Ensure new employees are trained to effectively and efficiently perform their assigned tasks

  • Assist in preparing and delivering performance evaluations and discipline or development activities for accountants and coordinator

  • Manage assigned operational functions consistent with the strategic plan and vision for the arena.

  • Perform other job related duties as requested.

REQUIRED:

  • Bachelor's Degree in Accounting, Finance, Business Management or equivalent

  • Five (5) years of experience in finance or accounting, or a related field

PREFERRED:

  • At least 2 years supervisory experience

  • Knowledge and experience with financial systems (Infinium, AS400, Showcase Strategy, Cognos Finance, Cognos Bi, ACL, Report Manager).

  • 2+ years’ experience in an arena finance area

  • Experience with joint venture accounting

  • Advanced experience with use of Microsoft Office programs (Excel, Word, Outlook) and financial mainframe applications including ability to import and export data to and from mainframe applications

  • Bilingual, English as the primary or secondary language

  • Previous experience working in a similar resort setting

MGM Resorts International is an Equal Opportunity Employer: Women/Minorities/Veterans/Individuals with Disabilities. In compliance with the Americans with Disabilities Act, MGM Resorts International will provide reasonable accommodations to qualified individuals with disabilities and encourages both prospective and current employees to discuss potential accommodations with the employer.

MGM Resorts International believes in providing opportunity for every employee to grow, develop and succeed in a work environment where you can be your best. We encourage you to explore our job opportunities. If you are an individual with a disability and need a reasonable accommodation for any part of the application process, or in order to perform the essential functions of a position, please contact our Corporate Diversity and Disability Outreach department at 1-844-247-0370 or email diversityrecruiting@mgmresorts.com

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