Sr. Associate Manager, Finance
- Belmont Park (Elmont), New York
- Finance/Accounting
- Racing
- Regular Full Time
Title: Sr. Associate Manager, Finance
Employee Status: Regular Full Time
Work From Home Option: Hybrid - 2 Days/Week (40% Remote)
FLSA Status: Exempt
Job Overview:
Reporting to the Senior Director – Finance, Sr. Associate Manager, Finance will have the responsibility to own & analyze the overall financial performance of the New York Racing Association as well build financial models to manage enterprise forecast, budget, cash, and other key elements of the company’s financials. The incumbent will also partner cross functionally with the business leaders to help them quantify the impact of business strategies as well as help them in identifying new revenue generating ideas and cost cutting initiatives. This individual will also work with and assist the FP&A and accounting team with the preparation and filing of periodic reports.
Essential Functions:
• Own and manage the enterprise P&L and cash forecast throughout the year including reviewing any significant variances. Assist the Senior Director, Finance in preparing month and quarter end reporting materials for the executive team and the board.
• Develop the annual operating budget for the enterprise as well build multi-year P&L and cash budgets.
• Assist in the preparation of quarterly financial reporting and material for external updates.
• Manage and update the P&L views in several different formats (track P&L, daily P&L, event P&L).
• Own and manage the purse cushion forecast for the racing department.
• Collaborate with the functional department heads in analyzing revenue generating and cost cutting initiatives across the enterprise.
• Analyze daily wagering data and prepare a daily handle report for internal distribution.
• Prepare monthly and other periodic reports that analyze wagering activity and revenues, handle and meets.
• Analyze and interpret data and trends related to handle revenue, sponsorships, ticketing, concession, and other on track racing related revenue.
• Manage a daily revenue report during the Saratoga meet while coordinating with multiple department heads for necessary data.
• Support the finance team on any treasury or tax needs such as processing a banking transaction or completing quarterly estimated or statutory tax payments.
• Recommend process improvements to enhance financial reporting efficiency and accuracy.
• Assist in preparation of other ad-hoc projects, as required.
Qualifications:
Minimum Requirements:
• Education: Bachelor’s Degree required, preferably accounting, finance or economics major.
• Experience: A minimum of 6-8 years of experience in accounting/finance preferred.
• Racing Experience: Thoroughbred horse-racing knowledge is highly preferred.
• Other Requirements: General understanding of finance and/or FP&A fundamentals.
Desired Qualifications:
• Analytical and creative minded when it comes to interpreting data and trends.
• Ability to complete tasks within set deadlines.
• Excellent computer skills including using Microsoft suite of products such as Excel, PowerPoint, and Word. SAP and Payroll/Benefit related software knowledge is a plus.
• Strong organizational skills, sound judgement, and ability to operate independently.
• Strong attention to detail.
• Excellent written and verbal communication skills and interpersonal skills.
Summary of Physical Requirements and Work Environment:
Ability to read on-screen and printed documents and communicate effectively by phone and in person.
Pay Range / Salary: $90,000 - $105,000 per year
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Food and BeverageNYRA 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.
