What are the responsibilities and job description for the VP of Finance position at Churchill Downs Louisiana Horseracing Co?

Job Description

America's third oldest horse racing track, the Fair Grounds has been a New Orleans staple since 1852. We are a premiere entertainment venue presenting thoroughbred & exotic animal races, slots, video poker and simulcasting year-round. Located in New Orleans, Fair Grounds operates a slot-machine gaming facility and 15 off-track betting parlors throughout southeast Louisiana.

Summary

The VP of Finance leads all financial activity and analytical leadership to support the Racing, Casino Gaming and Off-Track Betting business units at the Fair Grounds Race Course and Slots / OTBs. This includes accounting, financial analysis, cash operations, revenue audit, and purchasing. Manage the timely preparation and analysis of the financial results and establish and maintain the necessary internal controls required to safeguard the property’s assets, to ensure integrity and compliance with gaming and other State and Federal regulations, and to ensure that the financial results reflect established accounting and financial standards. Responsible for working with the property leaders to manage maintenance and project capital and to obtain approvals as necessary. Responsible for providing financial analysis and decision support to the property leadership team and corporate financial planning and analysis, as needed, related to the property. Responsible for developing financial forecasts and actions to achieve the forecasts with the property leadership team.

Essential Duties & Responsibilities

Oversee all financial operations for Fair Grounds Racecourse & Slots to include 15 Off-track Betting parlors
Creates, implements and updates procedures, systems and internal controls necessary to maintain proper records, accountability, compliance and financial statements.
Develops and implements standard accounting analysis and reporting procedures.
Leads the development of operational and financial models used to forecast financial results over the long term.
Responsible for the financial analysis and modeling support of capital management, pricing, sponsorships, and vendor related activities.
Management of Purchasing Operations, Cage and Credit Operations, Revenue Audit, Cash Drop & Count Operations.
Manage the timely preparation and analysis of financial results.
Review and analyze monthly financial results and assist in the preparation of the consolidated internal reporting package for the Property.
Create activity-based budgets that can be easily tracked and monitored against actual performance.
Meet with each department head to review performance to budget.
Challenge departments that are falling short of expected performance.
Establish and maintain the necessary internal controls.
Develop, implement, and maintain accounting policies and procedures for the financial operations including financial accounting and reporting.
Develop, implement, and maintain strong internal controls over cash handling, revenue recognition, ordering and receipt of goods and other areas of the operation.
Serve as the primary financial support for the Property, providing financial information to the department heads, assisting with the preparation of various financial analyses and reporting as the department heads participate in reviews during the year and coordinate preparation of their annual operating plans.

Requirements

Bachelor’s degree in accounting or finance required.

Master’s degree preferred.

CPA a plus but not required.

A minimum of 10 years of experience in accounting, financial reporting and analysis with management experience.

Casino gaming experience preferred.

Proven experience in a senior finance role, preferably as a Vice President or similar leadership position.

Extensive experience in financial accounting, treasury management, budgeting, and cost accounting.

A track record of successfully leading finance teams and driving organizational growth through strategic financial planning.

General ledger experience required.

Excellent analytical, financial, problem solving, and strategic thinking skills.

Strong demonstrated management and leadership skills including ability to lead a diverse team.

Ability to analyze, interpret, and summarize data.

Willingness and ability to pass suitability requirements of a gaming licensing body, including submission of detailed background and financial data.

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.

Must be willing to work weekends and nights as necessary

If you are an accomplished finance professional looking for an opportunity to make a significant impact within our organization, we encourage you to apply.

Job Type : Full-time

Benefits :

Disability insurance

Employee assistance program

Professional development assistance

Tuition reimbursement

Schedule :

8 hour shift

Holidays

Weekends as needed

Ability to Commute :

New Orleans, LA 70119 (Required)

Ability to Relocate :

New Orleans, LA 70119

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