What are the responsibilities and job description for the Senior Accountant position at LPGA?
Brief Description
THE OPPORTUNITY
This position maintains financial records and ensures that financial transactions are properly recorded. Ensures the accuracy of entries to ledger accounts and reconciles subsidiary ledger accounts to the general ledger. Prepares complex accounting schedules that ensure the proper accounting is followed and reconciled. Analyzes current revenue and costs by event to ensure that the correct amounts are recorded correctly and accurately. Assists with the annual audit by creating supporting schedules for assigned areas.
What You’ll Do
Accounts Receivable functions:
The Ladies Professional Golf Association (LPGA) is the world’s premier women’s professional golf organization. Created in 1950 by 13 pioneering female Founders, the LPGA, whose members now represent nearly 40 countries, is the longest-standing professional women’s sports organization. Through the LPGA Tour, the Epson Tour, the LPGA Professionals, and a joint venture with the Ladies European Tour, the LPGA provides female professionals the opportunity to pursue their dreams in the game of golf at the highest level. In addition to its professional tours and teaching accreditation programs, the LPGA features a fully integrated Foundation, which provides best-in-class programming for female golfers through its junior golf programming, and its LPGA Amateurs division, which offers its members playing and learning opportunities around the world.
THE OPPORTUNITY
This position maintains financial records and ensures that financial transactions are properly recorded. Ensures the accuracy of entries to ledger accounts and reconciles subsidiary ledger accounts to the general ledger. Prepares complex accounting schedules that ensure the proper accounting is followed and reconciled. Analyzes current revenue and costs by event to ensure that the correct amounts are recorded correctly and accurately. Assists with the annual audit by creating supporting schedules for assigned areas.
What You’ll Do
Accounts Receivable functions:
- Prepare invoices based on contractual requirements for tournaments
- Track collections and report any receivable not paid within 1 month of the tournament event
- Work with direct supervisor and the Tournament Business representative to ensure collectability of outstanding receivables
- Reconcile monthly GL accounts including but not limited to deferred revenue and tournament support to supporting schedules
- Record necessary journal entries to recognize tournament revenue and expense
- Work cooperatively with members of the Tour Ops, Tournament Business and Epson Tour departments to understand all aspects of each tournament payout (purse, pro-am, pay the cut, etc.) and purse breakdowns
- Track all necessary player residency requirements and paperwork to ensure taxes are properly withheld from each payment
- Calculate all player retirement contributions and ensure that they are contributed to the plan correctly and timely
- Calculate and record all player payments based on tournament results inclusive of taxes and retirement contributions and ensure that payments are made accurately and timely
- Set up player vendor accounts
- Prepare player 1099s and other year-end tax forms
- Coordinate with the retirement plan advisor/administrator to ensure compliance with all plan documents
- Coordinate with eligible players and the retirement plan administrator concerning all contributions and distributions to and from the plans
- Support both players and the retirement plan administrator through the open enrollment periods
- Bachelor’s degree in accounting/finance required
- Master’s Degree or 3 to 8 years general accounting experience, which could include internship
- Working knowledge of generally accepted accounting principles
- Ability to access, operate and maintain various software applications; Microsoft Excel, Word and PowerPoint experience required; Experience working with Concur, Sage Intacct, or similar accounting systems a plus
- Must be extremely well organized and detail oriented with a professional attitude, strong work ethic and interpersonal/customer service skills; ability to maintain confidentiality of the LPGA’s financial records and transactions.
- Ability to work independently and with a team in a fast-paced and high-volume environment, with emphasis on accuracy and timeliness
- Ability to solve routine problems and proactively offer solutions
- Ability to understand and follow written and oral instructions, and clearly communicate information both verbally and in writing to customers, support personnel and management
The Ladies Professional Golf Association (LPGA) is the world’s premier women’s professional golf organization. Created in 1950 by 13 pioneering female Founders, the LPGA, whose members now represent nearly 40 countries, is the longest-standing professional women’s sports organization. Through the LPGA Tour, the Epson Tour, the LPGA Professionals, and a joint venture with the Ladies European Tour, the LPGA provides female professionals the opportunity to pursue their dreams in the game of golf at the highest level. In addition to its professional tours and teaching accreditation programs, the LPGA features a fully integrated Foundation, which provides best-in-class programming for female golfers through its junior golf programming, and its LPGA Amateurs division, which offers its members playing and learning opportunities around the world.