Accounts Receivable & Settlement Manager
About The Position
The Accounts Receivable & Settlement Manager manages receivables and simulcast settlement activity to ensure timely and accurate reporting, and monitors and tracks cash activity. The role identifies and implements process improvements and efficiencies. It is a regular full-time, exempt position that is fully remote, with the incumbent required to reside in New York, Connecticut, New Jersey, Pennsylvania, Indiana, Texas, or Kentucky. The position is accountable for the performance and results of the accounts receivable function, including simulcast settlements. It maintains the accounts receivable subledger for multiple companies in SAP; communicates with simulcast settlement agents to ensure accurate billing and payables; applies cash receipts; prepares monthly revenue and accounts receivable journal entries; reconciles simulcast revenue; calculates purse and other statutory expenses; and prepares related journal entries. The role also conducts monthly bad debt reviews, proposes allowances for doubtful accounts, reports delinquent accounts to department heads, prepares year-end audit documentation, works with external auditors, and leads efficiency projects to streamline processes.
Requirements
- Bachelor’s degree in Accounting, or at least ten years of receivables and/or racing experience.
- Prior experience in the equine industry or a strong understanding of horse racing terminology.
- Strong attention to detail and 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.
- Comfort working with financial systems and handling financial-related information.
- Strong communication and interpersonal skills, with the ability to build and maintain effective working relationships.
- Ability to view computer screens for extended periods and perform repetitive hand and finger movements associated with data entry and computer use.
Responsibilities
- Manage the accounts receivable function and simulcast settlement activity, ensuring timely and accurate reporting.
- Monitor and track cash activity.
- Maintain accounts receivable subledgers for multiple companies in SAP.
- Communicate with simulcast settlement agents to ensure billing and payables are accurate.
- Apply cash receipts in SAP.
- Prepare monthly revenue (invoice billing) and accounts receivable journal entries.
- Reconcile simulcast revenue, calculate purse and other statutory expenses, and prepare applicable journal entries.
- Conduct monthly bad debt reviews, propose allowances 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.
- Identify and implement process improvements and efficiencies.
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What This Job Offers
Job Type
Full-time
Career Level
Manager
