Financial Reporting Manager

Job Description

Company: Live Nation

Department: Finance

Location: Farringdon, London

Reports to: SVP Finance

Direct Reports: 3

Working Hours: Permanent, full time, 40 hours per week

Role Description

This role leads the Financial Accounts team for Live Nation UK group. It is a key role in delivering LN's internal and external reporting requirements for the UK, including monthly and quarterly balance sheet reporting, statutory account filings (including consolidations), P&L reporting for certain non-wholly owned entities and US GAAP entities, and group and statutory audit coordination.

The role is a key technical resource which will also assist with M&A due diligence and accounting and drive post acquisition completion transition on to Oracle.

What it's like to work in the Team

The Financial Reporting team works closely to support the wider LN finance function including management accounts and transaction processing teams. We work flexibly, focussing on key reporting timelines and deliverables while maintaining valuable relationships with colleagues across finance and the wider business on a range of projects and ad hoc tasks.

Who you are

Competencies / Skills / Knowledge / Experience

Essential
• Demonstrable experience post-qualification (ACA, ACCA, CIMA or equivalent)
• Up to date knowledge of Financial Reporting standards, including FRS102
• Knowledge of US GAAP
• Prior experience managing people
• Robust Excel knowledge
• Strong administration and time management skills
• Able to handle pressure and conflicting deadlines

Desirable
• Experience with Oracle and BPC
• Experience dealing with audits

Behaviours

The following attributes determine how the role will be carried out and are required to be a success:
• Self-motivator and problem solver
• Deadline focused
• Good communicator
• Works well in a team environment and always willing to help others

What the role includes
• Review or preparation of various deliverables for consolidated balance sheet reporting under US and UK GAAPs, coordinating with numerous local operating units and the Int'l and US Corporate teams
• Manage the relationship with external and internal auditors
• Oversee the external group audit (under US GAAP) and the various external statutory audits (under FRS 102, including consolidated accounts), plus the internal SOX audit.
• Manage the preparation and review of consolidated and individual company statutory accounts under FRS 102 (excel based and using Caseware software)
• Work with the US Technical team and UK Sponsorship accountant on revenue recognition for large sponsorship contracts across the UK & Ireland
• Manage the accounting for leases under US GAAP and differences between UK & US GAAP, including treatment of associated lease costs
• Review the monthly upload of entities outside of Oracle, identifying any accounting issues or variances
• Review of UK group balance sheets and quarterly commentary on variances versus prior quarter / year-end
• Review of non-controlling interest calculations, and group consolidation and US GAAP adjustments
• Periodic review of various property and dilapidation provisions held across the Group
• Coordinating with the Tax department in providing deliverables to enable their UK and US tax calculations
• Overseeing local operating unit balance sheet and process reviews (including some on-site visits across the UK)
• Understanding and communicating the application of new accounting standards and review of compliance with current accounting standards, including in instances of new acquisitions, disposals and re-structures
• Coordinate any SOX control changes and Statement of Authority updates with UK FCs/FDs to ensure compliance
• Ensure technical accounting memos on new and / or complex accounting issues are completed
• Ad hoc M&A projects including performing financial due diligence on potential acquisitions, integration of new acquisitions into the group, including liaising with local accountants to assist with onboarding, as well as opening balance sheet accounting under UK and US GAAP
• Ad hoc projects to review and streamline the reporting process
• Overseeing and reviewing the annual budget and forecast updates for US GAAP companies

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The Company

Jobcode: Reference SBJ-rj1opw-3-140-242-165-42 in your application.