Senior Accountant

OVERVIEW

The Los Angeles Football Club (LAFC) is an MLS soccer club serving the greater Los Angeles area. LAFC is dedicated to building a world-class soccer club that represents the diversity of Los Angeles and is committed to delivering an unrivaled experience for fans. LAFC’s ownership group is comprised of local leaders and innovators of industry with intellectual capital, financial prowess, operations expertise, and success in the fields of entertainment, sports, technology, and media. LAFC is invested in the world’s game and Los Angeles, constructing, and developing the 22,000 seat BMO Stadium and a top-flight training center on the campus of Cal-State Los Angeles.

POSITION SUMMARY

The Senior Accountant is involved in all aspects of the accounting and general ledger of the organization. This role is responsible for assisting with all periodic close processes by reconciling and analyzing financial data, identifying trends, and providing insights to support data driven decision-making. Thus, the ideal candidate is a proactive strategic thinker that is  well-versed, confident, and comfortable with balance sheet reconciliations, internal controls, and compliance. This person thrives in dynamic, fast paced environments with an eye for process change and operational structure improvement.  

This role reports to the Accounting Manager. 

LAFC is currently operating on a hybrid work model with a minimum of 2 in-office days per week. Please note that this may vary by role, and your scheduled in-office days are up to the discretion of your supervisor. 

ESSENTIAL FUNCTIONS

• Analyze and reconcile general ledgers for domestic and international entities. 
• Prepare and upload journal entries. 
• Provide support in maintaining fixed asset roll forward schedules and accounting for acquisitions, capitalization, changes in useful lives, dispositions, impairments, etc. 
• Reconcile sub-ledger to general ledger account balances. 
• Perform high-level reviews of staff accountant reconciliations and supporting schedules; identify and resolve discrepancies, ensure appropriate adjusting entries are recorded, and deliver clean, finalized workpapers for management review. 
• Provide support in maintaining intercompany transactions and balances for proper elimination. 
• Own and manage the monthly close process, including maintaining the close calendar and coordinating cross-functional contributors to ensure timely, accurate, and complete deliverables. 
• Provide guidance and mentorship to staff accountants, promoting development while reinforcing accuracy, accountability, and adherence to close deadlines. 
• Lead external audit engagements by proactively preparing PBC schedules and ensuring all supporting documentation is organized, accurate, and audit-ready prior to submission. 
• Assist with assessment of internal control evaluations and provide insight to management about areas of risk. 
• Support the annual budget process by providing well-reasoned, in-depth variance analyses.  
• Assist in the accounting and reporting of the Club’s non-profit, the LAFC Foundation, including preparation of stand-alone periodic financial statements. 
• Assist in preparation of MLS related reporting, such as post-game reporting and annual league financial reporting. 
• Prepare tax-related filings. 
• Ensures that all revenue is properly recognized in accordance with applicable accounting standards (e.g., ASC 606), and that deferred revenue balances are accurately maintained and reported. 
• Ensures compliance with ASC 842 and related GAAP by maintaining detailed lease schedules (right-of-use assets, lease liabilities, lease expense/amortization) and reconciliations for all property leases. 
• Ensure that all accruals have been properly assessed for cut-off and are recorded accurately. 
• Identify process improvement opportunities and contribute to streamlining accounting operations. 
• Build and maintain strong relationships with key stakeholders including sales, FP&A, stadium operations and MLS. 
• Assist with ad-hoc requests and other duties