Director, Revenue Audit; Regional

Overview

Title:

Director, Revenue Audit (Regional)

Requisition #: 3052

Location:

New Kent, VA, US, 23124

Property:
Colonial Downs & Rosie’s – New Kent

Pay Range

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.

The Director of Revenue Audit is responsible for all aspects of gaming accounting, revenue audit and Anti-money laundering (AML) compliance in accordance with company policy and Federal/State regulations, including the overall care, custody, and management of gaming funds, securities, and records. The Director of Revenue Audit shall administer and supervise all gaming and non-gaming revenue accounting functions, analyzes variances and trends and submit related reports to all management staff as well as regulatory agencies, adheres to all Internal Control Policies and Procedures, Bank Secrecy Act, Title 31 Rules and Regulations.

This role also ensures compliance with established accounting procedures and Generally Accepted Accounting Principles (GAAP).

• Establishes department standards, guidelines (budgeting/staffing) and objectives, and manages all team member development/training programs and initiatives.
• Produces, monitors, and evaluates all reporting departments to ensure the proper planning for short- and long-term strategies, monitors and evaluates performance of all operations to facilitate ongoing improvement of operations and financial return.
• Responsible for the audits of cage, count room, HHR, retail, Food & Beverage (F&B) and other departments as required.
• Responsible in assisting in accurate tracking of information and timely filing related to all regulatory filings including gaming taxes, W-2G’s, Title 31/AML and Bank Secrecy Act.
• Reviews strengths and weaknesses of all reporting areas, and general administrative functions, to most effectively implement changes to improve operations and most efficiently allocate resources.
• Reviews cash disbursements to ensure propriety, reasonableness, and compliance with established procedures, and releases disbursements or investigates and resolves discrepancies.
• Manages the preparation of, and reviews, financial reports to ensure reasonableness and completeness, and releases, reports, or directs revision of reports.
• Reviews and interprets unusual transactions, adjustments, or unexpected financial results to determine the appropriate accounting treatment or outcome.
• Resolves problems that are within the position’s scope of authority and recommends courses of action to resolve problems that are beyond the scope of authority to the position’s supervisor.
• Analyze daily gaming cash flow, forecasts sources and uses of gaming cash.
• Reviews the work activities of subordinate employees to ensure that work is being performed within the standards established by management.
• Performs other duties as assigned.

• Strong attention to detail and organizational skills.
• Ability to define problems, collect data, establish facts, and draw valid conclusions with minimal direction.
• Ability to multi-task, work under pressure and meet deadlines required.
• Knowledge of financial and marketing analytics as well as an understanding of related reports.
• 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.

• Bachelor’s degree in accounting, Finance, or Analysis preferred.
• Three (3) to Five (5) years of experience in gaming audit management preferred.
• A combination of education and…