Senior Accountant

Iconic Artists Group is a music company that acquires interests in the music catalogs of iconic performers and songwriters, working to preserve and grow the legacy of these artists. Iconic is home to some of the most important and acclaimed catalogs in music history, including those of The Beach Boys, Crosby, Stills & Nash, Nat King Cole, Linda Ronstadt, and others. Position Summary This role will assist with the management of the GL process for Iconic Super Holdings and its subsidiaries ("the Company") and will be a vital part of the month end close process with responsibilities including GL close entries, balance sheet reconciliations and rollforwards, budget to actual variance analysis, recording of revenue and related cost of sales, income statements by artist and other relevant tags, review of intercompany activity and accuracy of coding. This role will also assist with the weekly and monthly management of operating cash and the preparation of interim and year-end audit deliverables. Communication and collaboration with the broader business will integrate this role into the operating functions of the company. Approximately 5 years of experience, CPA is a must, and/or public accounting experience is highly desirable (will accept a candidate with less years of experience if he/she/they have public accounting experience). We are looking for temporary and permanent full time - the ideal candidate can start immediately, convert to permanent full time or help in the interim. Responsibilities Manage incoming and outgoing cash processes: tracking, matching and coding receipts; coordinating outgoing payment obligations with the bank and AP; assist with cash transfers as needed. Actively assist in the oversight of general accounting functions, including, but not limited to accounts payable, accounts receivable, general ledger, and taxes Assist in the management of the month-end close process including bank and credit card reconciliations, review of AP and AR agings, revenue and expense accruals, prepaid expense amortization, intangible and fixed asset amortization and depreciation, and operating expense allocations. Partner with Revenue Operations team or other departments as needed to ensure proper understanding of Revenue and COGS for tracking and coding Prepare the analysis of P&L actuals versus budget or forecast, and prior year to identify and explain variances and correct any errors found. Ensure major variances are communicated to management/business leaders to determine if forecasts must be adjusted. Own and maintain monthly balance sheet reconciliations, and quarterly and annual balance sheet rollforwards. Assist in the review of monthly intercompany transactions and account balances to ensure that intercompany activity is properly eliminated upon consolidation. Assist Director of Accounting with artist acquisition analysis and help to prepare Purchase Price Allocation schedules & new acquisition accounting memos Prepare and manage the weekly and monthly cash forecasts to determine, with the assistance of senior management, the organization cash needs in a timely manner. Manage and forecast/actuals/variance analysis for all non-revenue and non-COGS areas, including OPEX, Interest expense, amortization, etc. Manage various artist related budgets for proper chargebacks (WTC, DM, etc.) and oversee artist residual accounting Possess and demonstrate a basic understanding of revenue recognition rules, and with the assistance of management, the ability to apply those rules to revenue contracts to accurately record revenue in the proper period. Demonstrate a basic understanding of the matching principle and how it relates to revenue recognition. Assist in preparing deliverables for interim and annual external audits and ensure audit inquiries are promptly responded to and resolved. Assist with quarterly and annual tax requests; Track sales tax activity in a multi-state organization to ensure we are properly filing in necessary states. Assist senior management with the preparation of monthly, quarterly, and annual financial reporting packages. Assist in the monthly and quarterly compliance requirements for investors, lenders, and joint venture partners Assist in the design and implementation of systems to ensure maximum automation and efficiencies to provide timely and meaningful information to business leaders. Perform or manage ad hoc analysis and projects as requested Continuously analyze the current accounting and reporting process and provide suggestions for process improvements and automation. Assist in the research of GAAP standards and codification, when needed. Work in close collaboration with other departments to ensure clear understanding of the business needs and current developments. Ensure expectations of needs/deliverables are clear and timely with deadlines communicated and agreed upon. Demonstrate an eagerness and willingness to learn and take on additional responsibilities as opportunities become available. Experience and Qualitative Expectations Approximately 5-7 years GL experience at a medium to large sized, multi-entity organization. Strong understanding of GAAP and ability to relate principles to complex transactions. Takes initiative and proposes opportunities to streamline and improve processes. Ability to think critically and problem solve by identifying what is known and unknown and attempting to fill in the gaps to develop possible solutions to present and confirm with senior management. Exceptional organizational and time management skills and able to prioritize competing deadlines. Able to adapt to a fast-paced, growing environment where duties may change and/or increase with short notice due the needs of the organization and the goals of the department. Eagerness to develop and grow in a dynamic organization. Exceptional oral and written communication skills and the initiative to proactively communicate to supervisor progress on tasks and problems encountered timely; asking questions when clarity is needed. Experience with NetSuite, preferred. Music Industry experience a plus, but not required. Public accounting experience required. Compensation Compensation : $100,000 - $110,000 annually, based on experience, plus eligibility for an annual discretionary bonus. 100% employer paid Benefits Package (Medical, Dental, Vision, 401k, and more) eligible for spouse/partner & dependents. Location & Work Schedule This position is based in our Westwood Village office in Los Angeles, CA. Employees are expected to work onsite Monday through Thursday, with remote work on Fridays at the manager’s discretion. Additional Information Unfortunately, we are not able to engage in any Visa/sponsorship process at this time and relocation assistance are not available for this position. We are a fully vaccinated workforce. Successful candidates will be required to show proof of being vaccinated against COVID-19. You are up to date when you have received a two-dose series and a booster, or a single dose series and a booster. Reasonable accommodation will be considered on a case-by-case basis for exemptions to this requirement in accordance with applicable law. Disclaimer This job description only provides an overview of job responsibilities that are subject to change. We are an Equal Opportunity Employer. #J-18808-Ljbffr iconic