Insomniac - Consumer Products Finance & Accounting Manager

Job Summary:

WHO ARE YOU?

Do you enjoy dance music? Are you passionate about production finance and the accounting space? Then you’re in luck! We are looking for a highly motivated self-starter who embodies both a passion for dance culture and a strong financial background. Sounds like you? Then keep reading...

WHO ARE WE?

Insomniac produces some of the most innovative, immersive music festivals and events in the world. Enhanced by state-of-the-art lighting, pyrotechnics and sound design, large-scale art installations, theatrical performers and next-generation special effects, our events captivate the senses and inspire a unique level of fan interaction.  The quality of the Headliner experience is our top priority.

Insomniac produces 10,000 concerts, club nights and festivals for seven million attendees annually across the globe. Since its inception, Insomniac's events have taken place in 13 countries across five continents. The company's premiere annual event, Electric Daisy Carnival Las Vegas, is the world’s largest dance music festival and attracts more than 525,000 fans over three days. The company was founded by Pasquale Rotella and has been based in Los Angeles since it was formed in 1993.

THE ROLE

Insomniac is looking for a Sr Merchandise Accounting Manager to support various critical operations including, close, reporting and analysis, audit support, budgeting and assist with settlements, recording and analysis. The ideal candidate will thrive in a fast-paced environment, have a strong accounting background, strong communication skills and be very well organized. This position reports to the VP of Consumer Products: Formula 1.

RESPONSIBILITIES

• Financial Reporting: Prepare and review financial statements, ensuring compliance with GAAP and other relevant regulations. Providing financial reports to management and other stakeholders.
• Inventory Management: Proven track record of Inventory and Retail Management.  This should include POS time management, cost accounting, inventory counts. 
• Accounting Close Processes: Manage and oversee the monthly, quarterly, and annual close processes, including journal entry preparation and account reconciliation. 
• Team Leadership: Lead and mentor accounting teams, providing guidance and support. 
• Process Improvement: Identify and implement improvements to accounting processes, ensuring efficiency and accuracy. 
• Compliance: Ensure compliance with internal controls, SOX requirements, and tax laws and regulations and other regulatory mandates. 
• Business Partnering: Collaborate with other departments (e.g., operations, IT) to support business initiatives and provide accounting expertise. 
• Budgeting and Forecasting: Assist in preparing budgets and forecasts for the retail organization, as well as financial forecasting.
• Financial Analysis: Analyze financial data, identify trends, and make recommendations to management. 
• Accounts Payable and Receivable: Processing invoices, managing accounts payable, and reconciling accounts receivable. 
• P&L Management: Each Race/Store 
• Managing all deposits and expenses per race/project, quarterly 
• Wholesale billing to accounts (Making sure shipping ASN's translates to wholesale account Invoicing and timely payments)
• Manage quarterly product licensing reporting and payments 
• Approving and Coding all invoices 

QUALIFICATIONS

• Bachelor degree in Accounting or Finance, CPA preferred
• 7+ years of comparable experience required and 3+ years in management position
• Advanced technical skills, including Excel and ERP systems such as Oracle, SAP and add on reporting software.
• Possess excellent organizational, communication, and analytical skills with the ability to prioritize and handle multiple tasks simultaneously in a fast-paced environment

WORK ENVIRONMENT

• Must be able to tolerate loud noise levels & busy environments
• Must be willing to work during evening and weekend hours, as required, to meet deadlines 

Applicants for employment in the U.S. must possess work authorization, which does not require sponsorship by Insomniac for a visa.

EQUAL EMPLOYMENT OPPORTUNITY

We aspire to build teams that reflect and support the fans and artists we serve. Every day we aim to promote environments where everyone can be themselves, contribute fully, and thrive within our company and at our e