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Director of Accounting – Americrown, International Speedway Corporation (COMPLETED)

International Speedway Corporation, (“ISC”) founded in 1953, is a leading promoter of motorsports-themed entertainment activities in the United States. The company owns and/or operates 13 of the nation’s premier motorsports entertainment facilities, which in total, have approximately 900,000 grandstand seats and 500 suites. ISC’s facilities are located in six of the nation’s top 13 media markets and nearly 80 percent of the country’s population is located within the primary trading areas of its facilities. ISC promotes major motorsports events in every month of the racing season — more than any other motorsports promoter. Collectively, the company’s facilities promote well over 100 motorsports events during the racing season.

Americrown, a subsidiary of International Speedway Corporation, was formed in 1989. It is the leader in motorsports catering, concessions and merchandise sales and service. Operating at 12 NASCAR and IndyCar-sanctioned tracks nationwide, Americrown touches millions of race fans annually. Its ever-growing fleet of mobile food concessions, merchandise and catering equipment is unparalleled in the industry.

JOB SUMMARY

The Director of Accounting for Americrown Service Corporation is primarily responsible for preparation, review and communication of the business unit’s financial statements and controls, as well as, participating in the development and execution of the business unit’s strategic initiatives. This position is also responsible for cash operations at events.

RESPONSIBILITIES

  • Prepare, review and ensure timely and accurate financial statements and supporting schedules, documentation and reconciliations required for monthly/quarterly/yearly close.
  • Ensure compliance with external reporting standards (GAAP) and internal policies and procedures, including documentation, review and testing of Sarbanes-Oxley 404 controls.
  • Responsible for financial planning including coordination, preparation, and review of monthly forecasts and annual budgets, with business unit president, business unit vice president, and department leaders, utilizing all available systems and personnel resources. Provide financial leadership and guidance to department leaders to assist in developing and preparing financial plans.
  • Effectively communicate and report results of operations, financial forecasts and operating plans to business unit president, business unit vice president, and corporate finance, including discussion of variance analysis and cause of change schedules.
  • Prepare financial analysis of business unit strategic initiatives, including calculating and presenting return analysis for capital requests and measuring performance toward operating objectives.
  • Responsible for cash operations during significant events. Direct reports include the cash operations team to manage the distribution of cash to appropriate personnel, safely and securely collecting cash throughout the event, supervising the counting and recording of cash, and arranging for deposits. This position must ensure controls are in place to minimize risk of loss and maintain a high level of security around the cash operations function.
  • Preparation and timely filing of applicable tax responsibilities, including sales tax, tangible and intangible personal property tax.
  • Assist in creating, submitting, and executing the strategic plan for Americrown Service Corporation.   Embrace a culture of strategic and innovative initiatives in alignment with ISC, tracks and Americrown’s overall mission, vision, and values.
  • Additional responsibilities may be added to support business unit president and business unit vice president as appropriate.
  • Some event travel may be required.

SUPERVISORY RESPONSIBILITIES

  • Manage and lead the Accounting department and Cash Operations department, including up to 5 direct reports, to include the Accounting Manager, Financial Analyst and Event Accounting Managers.
  • Carries out supervisory responsibilities in accordance with the organization’s policies and applicable laws.
  • Responsibilities include interviewing, hiring, and training employees; planning, assigning, and directing work; appraising performance; rewarding and disciplining employees; addressing complaints and resolving problems.

EDUCATION AND/OR EXPERIENCE

  • Bachelor’s or Master’s Degree in Accounting from an accredited university.
  • Minimum of 5-10 years related experience.
  • Must demonstrate a clear understanding and application of generally accepted accounting principles (GAAP).
  • Supervisory experience is required and experience with publicly traded companies is a plus.
  • Financial management experience in a high-volume sports and entertainment, large hotel or convention center is preferred.
  • Experience with computerized accounting systems required; Peoplesoft Financials is a plus.
  • Proficient computer skills to include various internal programs, Microsoft Office programs, email and internet.
  • Superb leadership, management and interpersonal skills.
  • Strong technical skills with a focus in accounting, finance, analysis, forecasting and budgeting.
  • Ability to drive consistency and establish best practices.
  • Effective communication to all levels of management at the business unit and corporate.
  • High personal and professional standards of ethics and integrity.

The Americans with Disabilities Act of 1990 (ADA) prohibits discrimination by employers, in compensation and employment opportunities, against qualified individuals with disabilities who, with or without reasonable accommodation, can perform the “essential functions” of a job. A function may be essential for any of several reasons, including: the job exists to perform that function, the employee holding the job was hired for his/her expertise in performing the function or only a limited number of employees are available to perform that function.

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