Racetrack Settlements Accounting Manager

1 week ago


Louisville, Kentucky, United States Churchill Downs Incorporated Full time
Job Summary

We are seeking an experienced Accounting Manager to join our team at Churchill Downs Inc. in a key role that involves managing the settlement activities for our racetrack customers.

Key Responsibilities
  • Manage a team of two direct reports responsible for settling pari-mutuel settlement activities in a timely and accurate manner.
  • Develop and implement efficient procedures to optimize resource utilization while maintaining high accuracy levels.
  • Communicate effectively with third-party racetracks, customers, and internal management to resolve discrepancies and ensure timely resolution of issues.
  • Manage customer accounts, investigate and resolve sensitive issues, and demonstrate a clear understanding of contractual rules and billing requirements.
  • Oversee the process of regulatory payments and reporting on a weekly basis as contractually and legally obligated.
  • Execute month-end close procedures, accounting journal entries, and reconciliation of general ledger accounts.
  • Provide regular reports to executive leadership on settlement balances and associated aging/status.
  • Identify opportunities for process improvements, including automation through available technologies.
  • Work with direct reports to establish goals and objectives, monitor progress, and advise on professional development.
Requirements
  • Bachelor's degree in accounting or finance.
  • Master's and/or CPA preferred.
  • A minimum of 5-7 years' experience in accounting and/or financial reporting and analysis.
  • Prior supervisory experience preferred.
  • Excellent financial acumen and thorough knowledge of U.S. GAAP.
  • Proficient with Microsoft suite products (Excel, PowerPoint, Access, etc.).
  • Prior experience with JD Edwards general ledger system (or like system) and related business intelligence (BI) reporting tools preferred.
  • Excellent analytical, problem-solving, and strategic thinking skills.
  • Detail-oriented, professional demeanor, strong organization, and project management skills.
  • Strong interpersonal skills, including the ability to interact effectively with senior/executive management.
  • Excellent verbal and written communication/presentation skills.
  • Strong work ethic and ability to cultivate working relationships throughout the organization.
  • Ability to understand the financial impact of decisions made and balance these decisions with customer satisfaction.
  • Ability to prioritize workload, multitask, and meet deadlines in a fast-paced environment.


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