Accounts Receivable & Settlement Manager
Remote · USFull-time$85–115K/yrSeen 2w agoSeen in employer's feed 2 days ago
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Job overview
The Accounts Receivable & Settlement Manager oversees receivables and simulcast settlement activity, ensuring timely and accurate reporting and monitoring cash activity. The role maintains accounts receivable records in SAP, coordinates with settlement agents, prepares revenue and journal entries, reconciles simulcast revenue, and supports audits. It also reviews bad debt, reports delinquent accounts, and leads projects to improve process efficiency.
Skills & qualifications
Skills
Qualifications
Full job description
Title: Accounts Receivable & Settlement Manager
Employee Status: Regular Full Time
Work From Home Option: Fully Remote ( Incumbent must reside in New York, Connecticut, New Jersey, Pennsylvania, Indiana, Texas, or Kentucky )
FLSA Status: Exempt
Job Overview:
The Accounts Receivable & Settlement Manager is responsible for management of all receivables and simulcast settlement activity to ensure timely and accurate reporting. In addition, monitoring and tracking of cash activity. Identify and implement process improvements and efficiencies in order to achieve excellence.
Essential Functions:
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Accountable for the performance and results of the A/R function, including simulcast settlements;
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Maintain accounts receivable subledger for multiple companies in SAP
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Communicate with simulcast settlement agents to ensure accuracy of billing/payables;
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Apply cash receipts in SAP;
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Prepare monthly revenue (invoice billing) and A/R journal entries;
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Reconcile simulcast revenue, calculate purse and other statutory expenses, and prepare applicable journal entries;
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Conduct monthly bad debt review, propose allowance for doubtful accounts, and report delinquent accounts to department heads;
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Prepare year-end audit documentation and work with external auditors;
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Lead efficiency projects to streamline processes
Education Requirements:
Bachelor’s degree in Accounting or at least ten years of receivables and/or racing experience.
Qualifications:
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Prior experience in the equine industry or a strong understanding of horse racing terminology is required.
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Strong attention to detail with excellent organizational skills.
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Ability to work cooperatively and collaboratively with employees, management, external customers, and vendors at all levels to drive performance, creativity, problem-solving, and results.
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Demonstrated ability to take initiative and see projects through to successful completion.
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Comfortable working with financial systems and handling financial-related information.
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Strong communication and interpersonal skills, with the ability to build and maintain effective working relationships
Summary of Physical Requirements and Work Environment:
Requires the ability to view computer screens for extended periods and perform repetitive hand and finger movements associated with data entry and computer use.
Pay Range / Salary: $85,000 - $115,000
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