Financial Controller

ABOUT COLONIAL DOWNS GROUP

Colonial Downs Group (CDG) is owned and operated by Churchill Downs Incorporated and consists of several different brands across Virginia: Colonial Downs Racetrack, Rosie’s Gaming Emporium, Rosie’s Game Room, and Virginia Horseplay. CDG is an inclusive and fun place to work. We celebrate unique approaches and points of view. We believe diversity is a mindset that drives excellence. We’re always learning, evolving, and growing. We innovate through mutual respect of ideas and collaboration. This allows us to build a common language that inspires our team members and propels us toward the achievement of our vision.

ESSENTIAL DUTIES AND RESPONSIBILITIES

• Leads the hiring, training, development and supervision of Accounting/Finance team members and processes.
• Establishes department standards, guidelines and objectives, and maintains other administrative processes such as budget and staffing to ensure proper planning and efficient operation of assigned areas.
• Participates in the design, development, and implementation of short- and long-term financial plans in relation to general ledger, accounts receivable, accounts payable, fixed assets, purchasing, payroll, and financial analysis.
• Approves purchases according to established budgets, ensuring efficient and effective use of funds, personnel, materials, facilities, and time.
• Serves as the point of contact to the Accounting team at Churchill Downs Incorporated for the designated properties.
• Collaborates with Revenue Audit team on the accurate recording of revenue and any related anomalies / trends.
• Leads the month-end closing process for the designated properties, adhering to CDI standards and deadlines.
• Responsible for coordinating, documenting and distributing preliminary and finalized financials to operators.
• Coordinates preparation of internal and external audit materials and external financial reporting.
• Supports Financial Planning & Analysis’ budgeting and forecasting processes for revenues and expenses (including capital).
• Produces monthly, quarterly, and annual financial statements and other reports as requested.
• Reviews and analyzes General Ledger account activity for trends and research anomalies with operators through to resolution
• Collaborates with Compliance on payments/reporting to regulators and municipalities (daily, weekly, monthly, etc.)
• Performs other duties as assigned.

REQUIRED SKILLS AND ABILITIES

• Leadership and management skills, as well as excellent verbal and written communication skills.
• Ability to read, write, and comprehend simple instructions, short correspondence, and memos.
• Ability to analyze financial data and prepare financial reports, statements, and projections.
• Knowledge of short- and long-term budgeting and forecasting, rolling budgets, and product-line profitability analysis.
• Knowledge of finance, accounting, general ledger, payroll, fixed assets, and financial analysis functions as well as gaming regulations.
• Knowledge of Microsoft applications and various accounting software programs.

EDUCATION AND EXPERIENCE

• Bachelor’s degree in Accounting, Finance, or related field; CPA or MBA preferred.
• Two (2) years’ experience as a Controller preferred.
• Three (3) years of experience in accounting, financial planning and analysis, supervision or related roles.
• Knowledge of gaming finance is ideal. Accounting experience in hospitality or large multi-site operation is preferred.
• A combination of relevant education and experience may be considered.
• Must obtain and maintain a valid Virginia Racing Commission License.

PHYSICAL REQUIREMENTS & WORKING CONDITIONS

• While performing the duties of this job, the Team Member is frequently required to sit or stand; walk; use hands to finger, reach, handle, or feel objects, tools, or controls; reach with hands and arms; climb or balance; stoop, kneel, crouch, or crawl; and talk or hear.
• The Team Member may also be required to lift, push, and pull up to 20lbs.
• The Team Member may be required to work long hours, including nights, weekends, and holidays.
• The noise level in the work environment is moderate.
• The work environment requires safety precautions typical of places such as offices, libraries, meeting rooms, etc.
• The Team Member may be exposed to smoke when on the floor of the gaming room.

The physical demands described here are representative of those that must be met by a Team Member to successfully perform the essential functions of this job. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions.

The statements herein are intended to describe the general nature and level of work being performed by employees and are not to be construed as an exhaustive list of responsibilities, duties, and skills required of personnel so classified. Furthermore, they do not establish a contract for employment and are subject to change at the discretion of the employer.

#colonialdowns

Equal Opportunity Employer
This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.