Financial Analyst
- Aqueduct (Ozone Park), New York
- Finance/Accounting
- Regular Full Time
Title: Financial Analyst
Employee Status: Regular Full Time
Work From Home Option: Hybrid - 2 Days/Week (40% Remote)
FLSA Status: Exempt
Job Overview:
Basic Responsibilities:
Partner with the CFO, Senior Manager of Financial Planning and Analysis and the Manager of Financial Planning & Analysis in analyzing the overall financial performance of the New York Racing Association, Inc. In addition, this role will analyze and project the impact of business strategies as well as evolving economic and competitive conditions. Partner with the accounting team in the preparation and filing of periodic reports. Be the liaison with various department heads on key department projects related to revenue generating and cost cutting initiatives. Manage the escheatment process to ensure timely filing.
Essential Functions:
- Analyze business activity and trends versus budget and prior year and perform trend analysis;
- Prepare financial reporting and periodic reports as required (i.e., departmental forecast updates, etc.);
- Collaborate with the executive team and department heads in analyzing revenue generating and cost cutting initiatives;
- Work with the FP&A and executive team in preparation of the annual budget and participate in monthly forecast meetings;
- Prepare state parimutuel taxes, certain IRS, state withholdings, and foreign tax returns;
- Manage escheatment and source market fee processes to assure timely submission and compliance;
- Responsible for treasury functions as a backup;
- Support the accounting team as necessary including SAP stabilization and optimization projects;
- Maintain FP&A department scheduling and important due dates;
- Perform other ad hoc tasks as assigned (i.e., new business ventures, etc.).
Minimum Requirements:
Education (minimum): Bachelor’s Degree required, preferable accounting or finance major.
Experience: A minimum of 1-2 years of experience in accounting/finance preferred.
Other Requirements: General understanding of finance principles.
Knowledge/Skillsets Required:
- Analytical and creative minded when it comes to interpreting data and trends;
- Ability to complete tasks within set deadlines;
- Excellent computer skills, including excel spreadsheet. SAP knowledge is a plus;
- Strong organizational skills, sound judgment and the confidence to take initiative;
- Excellent attention to detail
- Excellent written and verbal communication skills;
- Outstanding interpersonal skills.
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About Us:
With a lineage of nearly 150 years, The New York Racing Association (NYRA) serves as the cornerstone of New York State's thoroughbred industry at three major tracks (Aqueduct Racetrack, Belmont Park, and Saratoga Race Course). The industry contributes more than $3 billion annually to its urban, suburban, and rural economy. NYRA also offers a variety of exciting career opportunities – on and off the track. From Finance to Facilities, Turf to Technology, in all departments we are stewards of our sport. Join our talented team of professionals.
NYRA is committed to equal employment opportunity and to compliance with federal, state, and local anti - discrimination laws. NYRA values diversity and complies with New York State and New York City law, which prohibits discrimination and harassment against any employee, applicant for employment, or intern based on race, age, color, religion, sex (including pregnancy, childbirth or related medical conditions, gender identity / expression and transgender status), national origin or ancestry, citizenship, physical or mental disability, genetic information (including predisposing genetic characteristics), age (18-years-of-age & up), veteran status, military status, sexual orientation, marital status, familial status, caregiver status, partnership status, unemployment status, certain arrest or conviction records and domestic or sexual violence victim status. NYRA does not tolerate discrimination or harassment based on an employee’s membership in one or more of these protected categories, an employee’s known relationship or association with a member of one or more of these protected categories, or any other characteristic protected by applicable federal, state, or local law.
Visit us at NYRA.com to learn more!
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The New York Racing Association, Inc. (NYRA) holds the exclusive franchise to conduct thoroughbred racing at Aqueduct Racetrack, Belmont Park and Saratoga Race Course. NYRA tracks are the cornerstone of New York State’s horse racing industry, which is responsible for 19,000 jobs and more than $3 billion in annual economic impact.
