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Racetrack Settlements Accounting Manager

Churchill Downs
Louisville, KY
Full-time

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, multi-task and meet deadlines in a fast-paced environment.

Essential Duties and Responsibilities

  • Manage two direct reports responsible for settling the pari-mutuel settlement activities for Churchill Downs Inc., its subsidiaries and third party racetrack customers in a timely and accurate manner.
  • Develop more efficient procedures / use of resources while maintaining a high level of accuracy.
  • Communicate on an ongoing basis with third party racetracks, customers, and internal management and investigate and resolve discrepancies between balances due / owed to ensure timely resolution of issues.
  • Manage customer accounts and follow up on sensitive issues in a timely manner.
  • Demonstrate a clear understanding of contractual rules and a comprehensive working knowledge of billing requirements and transactional processes.
  • Manage the process of regulatory payments and reporting on a weekly basis as contractually and / or legally obligated.
  • Thorough documentation including, but not limited to, communication with vendors, internal communications, daily working lists, process improvements.
  • Execute month end close procedures, accounting journal entries and reconciliation of general ledger accounts.
  • Periodically provide reports to executive leadership on the current settlement balances and associated aging / status.
  • Identify process improvement opportunities, including those related to automation through the use of available technologies.
  • Work with each direct report to establish goals and objectives and monitor and advise to enhance professional development.
  • 4 days ago
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