Accounts Receivable & Settlement Manager
- Belmont Park (Elmont), New York
- Remote, New York
- Finance/Accounting
- Regular Full Time
Title: Accounts Receivable & Settlement Manager
Employee Status: Regular Full Time
Work From Home Option: Fully Remote (Incumbent must reside in New York, Connecticut, New Jersey, Pennsylvania, Indiana, Texas, or Kentucky)
FLSA Status: Exempt
Job Overview:
The Accounts Receivable & Settlement Manager is responsible for management of all receivables and simulcast settlement activity to ensure timely and accurate reporting. In addition, monitoring and tracking of cash activity. Identify and implement process improvements and efficiencies in order to achieve excellence.
Essential Functions:
• Accountable for the performance and results of the A/R function, including simulcast settlements;
• Maintain accounts receivable subledger for multiple companies in SAP
• Communicate with simulcast settlement agents to ensure accuracy of billing/payables;
• Apply cash receipts in SAP;
• Prepare monthly revenue (invoice billing) and A/R journal entries;
• Reconcile simulcast revenue, calculate purse and other statutory expenses, and prepare applicable journal entries;
• Conduct monthly bad debt review, propose allowance for doubtful accounts, and report delinquent accounts to department heads;
• Prepare year-end audit documentation and work with external auditors;
• Lead efficiency projects to streamline processes
Education Requirements:
Bachelor’s degree in Accounting or at least ten years of receivables and/or racing experience.
Qualifications:
- Prior experience in the equine industry or a strong understanding of horse racing terminology is required.
- Strong attention to detail with excellent organizational skills.
- Ability to work cooperatively and collaboratively with employees, management, external customers, and vendors at all levels to drive performance, creativity, problem-solving, and results.
- Demonstrated ability to take initiative and see projects through to successful completion.
- Comfortable working with financial systems and handling financial-related information.
- Strong communication and interpersonal skills, with the ability to build and maintain effective working relationships
Summary of Physical Requirements and Work Environment:
Pay Range / Salary: $85,000 - $115,000
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SecurityNYRA Competencies:
Elevates Everyone’s Experience through meaningful interactions and communication. And, by treating each other with respect and consistently displaying value and appreciation for the contributions of others.
Advances a Culture of Safety and Integrity by acting in the organization’s best interest, adhering to all policies, and upholding ethical standards.
Innovates and adapts by seeking feedback to improve performance, introducing new ideas and solutions to advance the organization.
Shows Pride of Ownership by being accountable for your role and responsibilities, mentoring colleagues, maintaining transparency in all interactions, and sharing your success with everyone involved.
Achieves Excellence by delivering your best effort, demonstrating exceptional leadership attributes, and persevering through challenges.
About Us:
With a lineage of nearly 150 years, The New York Racing Association (NYRA) serves as the cornerstone of New York State's thoroughbred industry at three major tracks (Aqueduct Racetrack, Belmont Park, and Saratoga Race Course). The industry contributes more than $3 billion annually to its urban, suburban, and rural economy. NYRA also offers a variety of exciting career opportunities – on and off the track. From Finance to Facilities, Turf to Technology, in all departments we are stewards of our sport. Join our talented team of professionals.
NYRA is committed to equal employment opportunity and to compliance with federal, state, and local anti - discrimination laws. NYRA values diversity and complies with New York State and New York City law, which prohibits discrimination and harassment against any employee, applicant for employment, or intern based on race, age, color, religion, sex (including pregnancy, childbirth or related medical conditions, gender identity / expression and transgender status), national origin or ancestry, citizenship, physical or mental disability, genetic information (including predisposing genetic characteristics), age (18-years-of-age & up), veteran status, military status, sexual orientation, marital status, familial status, caregiver status, partnership status, unemployment status, certain arrest or conviction records and domestic or sexual violence victim status. NYRA does not tolerate discrimination or harassment based on an employee’s membership in one or more of these protected categories, an employee’s known relationship or association with a member of one or more of these protected categories, or any other characteristic protected by applicable federal, state, or local law.
Visit us at NYRA.com to learn more!
The New York Racing Association, Inc. (NYRA) holds the exclusive franchise to conduct thoroughbred racing at Aqueduct Racetrack, Belmont Park and Saratoga Race Course. NYRA tracks are the cornerstone of New York State’s horse racing industry, which is responsible for 19,000 jobs and more than $3 billion in annual economic impact.
