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Director, Accounting
Washington Wizards Washington, DC
$191k-242k (estimate)
Full Time | Sports & Recreation 1 Week Ago
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Washington Wizards is Hiring a Director, Accounting Near Washington, DC

Monumental Sports & Entertainment (MSE) is one of the largest integrated sports and entertainment companies in the country with one of the most diverse partnership groups in all of sports. MSE owns and operates seven major and minor sports teams: 2018 NHL Stanley Cup Champion Washington Capitals, NBA’s Washington Wizards, WNBA’s 2019 Championship Washington Mystics, NBA G League’s Capital City Go-Go, 2021 & 2020 NBA 2K League Champion Wizards District Gaming and Caps Gaming, an esports sub-brand of the Capitals. Additionally, it holds a significant investment in a seventh professional team, Team Liquid, an endemic esports team owned and operated by aXiomatic, in which MSE is an investor.

In September 2022, MSE acquired the regional sports network, then-called NBC Sports Washington and newly rebranded as Monumental Sports Network. Monumental Sports Network now holds the exclusive local television media rights to Capitals’, Wizards’, and Mystics’ games. The network is both a linear channel and a digital operation. Prior to acquiring the linear platform, the digital platform was launched by MSE in 2016, as the first-of-its-kind regional sports network for digital, mobile, and streaming platforms. Those linear and digital platforms are now combined and join Caps Radio, Wizards Radio, MSE Outdoor and Monumental Productions for a full suite of six media enterprises.

In addition to Capital One Arena – a venue which hosts 3M visitors across over 250 events annually, MSE also manages MedStar Capitals Iceplex (training facility for the Capitals), MedStar Health Performance Center (training facility for the Wizards, Mystics, and Go-Go) and EagleBank Arena (a 12,000 live event venue on George Mason University’s campus).

In July 2020, MSE partnered with William Hill (subsequently acquired by Caesars Entertainment) to open the first ever in-arena sportsbook in North America, now called Caesars Sportsbook. The space now also boasts a destination culinary experience, Guy Fieri’s DC Kitchen Bar.

MSE opened “District E powered by Ticketmaster” in the spring of 2023, a flagship esports and entertainment venue. This 14,000-square-foot live-event theater offers a 365-day-a-year series of immersive experiences in esports, music, culinary excellence, event programming, and community events.

MSE proudly promotes its core values for all those that interact with the company. As a member of our team:

  1. You will provide first-class customer service and value for our fans.
  2. You will champion a double-bottom line that engages, unifies, and gives back to the community we serve.
  3. You will work tirelessly to build generationally exceptional teams that compete for championships year after year and create lifelong memories for our fans.
  4. You will measure performance with specific objectives and metrics and our analysis and decisions are compelled by data.
  5. You will prize leadership, but you should value teamwork and collaboration and transparency even more. We treat each other with respect. We act with honesty and integrity. We remain humble.
  6. You will innovate. We are nimble and first to market. We are not averse to risk.
  7. You will have fun. We are in the business of happiness.

Position Overview: The Director, Accounting is responsible for managing accounting staff for the Washington Wizards and other Monumental Basketball entities.

Do you have strong accounting knowledge, proactive leadership, and the ability to facilitate projects and initiatives to support various departments within the company? We'd love to hear from you!

Responsibilities:

  • Oversee accounting staff and operations relating to basketball and business operations including revenue, marketing, sales, ticket operations, broadcast and communications, and G&A.
  • Support month-end and year-end close process.
  • Assist in coordination of year-end financial statement audit.
  • Collaborate with department heads on annual budget and quarterly financial review.
  • Prepare NBA league reporting (BRI, CFS, Game Reports) including coordination of club affiliate information and serve as primary liaison for multiple AUPs ensuring CBA compliance.
  • Oversee gate revenue recognition and ticketing system reconciliation.
  • Review sponsorship revenue allocations and trades.
  • Assist with cash management including daily cash reports, weekly projections, and monthly reconciliation.
  • Maintain fixed assets registrar and calculate monthly depreciation.
  • Ensure quality control over financial transactions, financial reporting, and proper revenue recognition.
  • Assist in development and document business processes and accounting policies to maintain and strengthen internal controls. Coordinate with other MSE Departments as necessary.
  • Research technical accounting issues for compliance.
  • Perform ad hoc analysis as the need arises.
  • Additional duties as assigned.

Minimum Qualifications:

  • Bachelors’ Degree or equivalent experience in accounting.
  • CPA, CMA, or Big 4 experience preferred.
  • Proven accounting experience at a supervisory level, preferably in the sports industry.
  • 6 years of overall combined accounting and finance experience.
  • Detailed knowledge of accounting principles and procedures.
  • Experience with general ledger functions and the month-end/year-end close process.
  • Advanced Microsoft Excel proficiency.
  • Outstanding accounting software skills.
  • Strong professional ethics and sensitivity in dealing with confidential information.
  • Strong attention to detail is required.
  • Flexibility to work evenings and weekends as needed including summer months; ability to be in office 2-3 days a week.

We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability status, protected veteran status, or any other characteristic protected by law.

Job Summary

JOB TYPE

Full Time

INDUSTRY

Sports & Recreation

SALARY

$191k-242k (estimate)

POST DATE

04/24/2024

EXPIRATION DATE

07/21/2024

WEBSITE

capstickets.com

HEADQUARTERS

Washington, DC

SIZE

25 - 50

INDUSTRY

Sports & Recreation

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