Accounts Receivable & Settlement Manager

Overview

The Accounts Receivable & Settlement Manager is responsible for management of all receivables and simulcast settlement activity to ensure timely and accurate reporting. The role also monitors and tracks cash activity, identifies process improvements and efficiencies, and supports excellence in execution.

Responsibilities

• Accountable for performance and results of the accounts receivable (A/R) function, including simulcast settlements
• Maintain the accounts receivable subledger for multiple companies in SAP
• Communicate with simulcast settlement agents to ensure accuracy of billing and 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

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

Physical Requirements & Work Environment

• Ability to view computer screens for extended periods
• Ability to perform repetitive hand and finger movements associated with data entry and computer use

Compensation & Benefits

• Pay range / salary: $85,000 - $115,000
• FLSA status: Exempt
• Employee status: Regular Full Time

Location

Fully remote (incumbent must reside in New York, Connecticut, New Jersey, Pennsylvania, Indiana, Texas, or Kentucky).