Staff Accountant I

Churchill Downs Incorporated; Virginia (MN); On-site; USD 60,000 - 65,000; Full time

Job summary

Churchill Downs Incorporated owns Colonial Downs Group, a Virginia-based collection of brands including Colonial Downs Racetrack and Rosie’s venues. The Staff Accountant role involves preparing financial reports, journal entries, and reconciliations to track assets, liabilities, P&L, and tax obligations in a fast-paced gaming environment.

Experience with GAAP and Excel is essential, as is the ability to work with accounting software and collaborate with auditors.

Qualifications

• Extensive knowledge of general financial accounting and cost accounting (US GAAP).
• Bachelor's degree in Accounting or related field required.
• One to three years of accounting/finance experience preferred.

Responsibilities

• Maintains confidentiality of privileged information per policy and state regulations.
• Analyzes and summarizes accounting data; posts timely and accurate general ledger entries.
• Supports daily, monthly, quarterly and yearly reporting to ensure GAAP compliance.
• Reconciles bank accounts and prepares journal entries for general ledger/sub-systems.
• Assists external auditors by gathering account information and documents for audits.

Skills

GAAP knowledge

Excel skills

Financial analysis

Accounting software

Education

Bachelor's Degree in Accounting

Virginia Racing Commission License

High School Diploma or GED

Tools

Microsoft Office

General Ledger systems

Job description

Pay Range: $60,000 - $65,000 per year

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, Virginia Horseplay, Roseshire Gaming Parlor and The Rose Gaming Resort. 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.

JOB SUMMARY

The Staff Accountant will prepare financial reports to track the organization's assets, liabilities, profit and loss, tax liabilities, and other related financial activities using advanced spreadsheets, creating journal entries and reconciliation with accurate input of data into various accounting and computer operating systems.

Compensation: $60,000- $65,000 per year

ESSENTIAL DUTIES AND RESPONSIBILITIES

• Maintains confidentiality of all privileged information in accordance with established procedures with company policy and state regulations.
• Analyzes and evaluates accounting and operational information and ensures that items are properly summarized and posted in a timely and accurate manner; summarizes, reconciles, adjusts, and/or reclassifies information as needed.
• Assists with daily, monthly, quarterly, and yearly reporting to ensure compliance with regulatory requirements pertaining to company policies and GAAP.
• Monitors and reviews accounting and related system reports for accuracy and completeness, maintaining general ledger through information gathering.
• Reconciles primary and subsidiary banking accounts.
• Develops original estimates and valuations of accounting information when not provided.
• Reviews or prepares journal entries for input to the General Ledger and to accounting sub-systems.
• Oversees the preparation of financial statements and management of operating reports.
• Notifies Financial Controller of any potential discrepancies or delays as well as researching and resolving problems.
• Provides outside auditors with assistance by gathering necessary account information and documents to perform audits and reconciliations.
• Files required tax forms with federal, state, and local government agencies, preparing and processing related reports.
• Performs other duties as assigned.

REQUIRED SKILLS AND ABILITIES

• Ability to read, write, and comprehend simple instructions, short correspondence, and memos.
• Ability to add, subtract, multiply and divide in all units of measure, using whole numbers, common fractions, and decimals.
• Extensive knowledge of general financial accounting and cost accounting, including theory and implementation of US GAAP.
• Understanding of and ability to adhere to generally accepted accounting principles.
• Excellent organizational skills as well as written and verbal communication skills.
• Highly knowledgeable of Microsoft applications as well as accounting software.

EDUCATION AND EXPERIENCE

• High school diploma or equivalent required.
• Bachelor's Degree in Accounting, Finance or related field.
• Advanced general math skills required.
• Intermediate MS office skills are required.
• One to three years of experience in Accounting or Finance preferred.
• Advanced Excel skills preferred.
• A combination of education and experience may be considered.
• Must obtain valid Virginia Racing Commission License.
• Valid Driver's License.

PHYSICAL REQUIREMENTS & WORKING CONDITIONS

• The Team Member will be required to sit for extended periods of time.
• While performing the duties of this job, the Team Member may also be required to 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 be asked to occasionally lift up to 30 lbs.
• The Team Member may be required to work nights, weekends, or holidays.
• The noise level in the work environment is moderate.
• 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 accommodations may be made to enable individuals with disabilities to perform the essential functions.

Colonial Downs Group is an equal opportunity employer committed to diversity and inclusion. We encourage qualified individuals from all backgrounds to apply. If you are passionate and thrive in a fast-paced environment, we want to hear from you!

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, or disability.

Work With Us

Churchill Downs Incorporated 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.