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CFO - Chief Financial Officer

CFO - Chief Financial Officer

Kinsley Power SystemsReno, NV, United States
Hace más de 30 días
Tipo de contrato
  • A tiempo completo
Descripción del trabajo

Position Summary

The Chief Financial Officer has primary responsibility for the Finance and Accounting functions of the organization including hospitality, gaming and others. The focus of this position is to establish and maintain strong accounting and financial reporting, internal processes, internal controls and auditing, asset management, pricing & financial analysis, and planning and budgeting. This includes supporting the General Manager in operating the business and interfacing with other departmental and operations personnel in order to enhance overall company objectives and profits. Performance of all functions must be in accordance with GAAP, gaming regulations, sound internal control standards, the guidelines of GSR’s policies and procedures, and applicable laws.

Essential Functions and Responsibilities

  • Directs and oversees the internal Accounting processes and systems, ensuring that financial reporting is accurate, in accordance with GAAP, and timely. This includes detailed reporting for internal purposes and monthly top-level financial statements to Corporate.
  • Develops and maintains strong internal controls to safeguard the assets of the organization and to ensure proper segregation of duties and detection of fraud, and compliance with all Title 31 and Gaming Board regulations.
  • Oversees and directs treasury, budgeting, audit, tax, accounting, purchasing, long-range forecasting, and insurance activities for the organization.
  • Serves as Chairman of the Corporate Compliance Committee and ensures all timely filings with the Nevada Gaming Control Board.
  • Works with the General Manager on the strategic vision, including fostering stakeholder relationships as well as assisting in the development and negotiation of contracts.
  • Leads the FP&A team to ensure timely production of useful data to be used by management in running the facility.
  • Directs accurate recording of capital expenditures and all fixed assets including proper componentization of expenditures.
  • Directs the controllers in maintaining proper records and maintaining adequate accounting controls and services.
  • Directs treasury activities to ensure proper processing, utilization and protection of financial assets.

Your Daily responsibilities include

  • Responsible for the development, maintenance, and documentation of the Accounting System of Internal Control.
  • Plans, coordinates, and executes an efficient accounting and financial reporting system which provides data, as directed by the Parent Company for purposes of internal and external Financial Reporting as required by, among other Regulatory Bodies, the Nevada Gaming Control Board, and the Internal Revenue Service.
  • Responsible for all regulatory compliance related to Accounting System of Internal Controls as required by, among other agencies and governing bodies.
  • Creates and maintains a periodic, quality internal reporting process to be used by Company Management for purposes of analyzing results of operations and making business and operating decisions about the direction of the Company.
  • Brings plans for operating efficiency to the attention of Management and assists in implementation of developed processes.
  • Responsible for the annual Company Budget and Capital Plan, inclusive of planning, executing and reporting on the variances from actual operating results.
  • Responsible for developing and maintaining a qualified staff that has the capabilities of executing the required actions necessary for complying with all Financial Reporting and Accounting Internal Controls.
  • Continuously maintain knowledge and understanding of rules and regulations as promulgated by, among other governing bodies, Generally Accepted Accounting Principles, the Nevada Gaming Control Board, the Internal Revenue Service, and the Department of Revenue for the state jurisdiction.
  • Supervise five direct reports while maintaining the system of Accounting and Internal Controls for the purposes of safeguarding the assets of the Company. This position will oversee General Accounting, Casino Accounting, Purchasing, Warehouse, Budget and Analysis.
  • To be successful in this position it will require the following skill set

  • Bachelor’s degree (B.A / B.S.) in Accounting from an accredited four-year college or university.
  • Must have 10+ years of experience in the area of casino accounting / finance, which pertains to Accounting, Audit, Planning & Analysis and / or Operations.
  • Must be proficient in Microsoft applications (Excel, Access, Word)
  • Must qualify for a license and meet any credentialing requirements of the Nevada Gaming Control Board.
  • It is preferred this person be a Certified Public Account.
  • You should be able to respond to common inquires or complaints from guests, regulatory agencies, and community members.
  • You must be able to read and interpret documents, such as safety rules, operating and maintenance instructions, and manuals.
  • The ability to present information and respond to questions from groups of managers, employees, and guests.
  • Must have the ability to make effective and persuasive speeches and presentations on controversial or complex topics to internal and external audiences.
  • Must have the ability to read, analyze, and interpret business periodicals, technical procedures, and governmental regulations.
  • Must have the ability to read, analyze, and interpret various metrics, financial reports, and legal documents.
  • This person needs to have the ability to write reports, business correspondence and procedure manuals.
  • Must be highly skilled in communicating via written and verbal formats.
  • It’s important to be able to interpret an extensive variety of technical instructions in mathematical or diagram form.
  • You must be able to solve practical problems and deal with a variety of situations.
  • Must be capable of operating in a highly confidential environment.
  • Responsibilities

  • Play a strategic role as a proactive advisor to the leadership team on corporate transactions, financing issues, operating performance and cash flow trends, seeking the full range of business solutions.
  • Ensure that effective internal controls are in place and ensure compliance with GAAP and applicable federal, state and local regulatory laws and rule for financial and tax reporting.
  • Work directly with the General Manager to assess organizational performance against both the annual budget and the company’s long-term strategy.
  • Develop tools and systems to provide critical financial and operational information to the senior staff and make actionable recommendations on both strategy and operations.
  • Develop a lean, high-performance financial culture that rewards over-achievement and encourages continuous improvement at all levels of the organization.
  • Ensure credibility of the Finance group by providing timely and accurate analysis of budgets, financial trends and forecasts.
  • Oversee the preparation of all financial reports, including income statements, balance sheets, cash flow statements, reports to the Board of Directors, tax returns, etc.
  • Evaluate and advise capital expenditure plans, asset disposition and equipment utilization.
  • Work with the General Manager in the handling of banking relationships and monitor strategies to enhance cash position and maintain flexibility.
  • Provide direction and ultimate oversight of the annual audit process.
  • Work in conjunction with the senior management team to drive out cost and waste, improve productivity, equipment utilization and strive for “World Class” performance as benchmarked vs. industry standards.
  • Carries out all supervisory responsibilities in accordance with the organization’s policies and applicable laws. The incumbent will be responsible for interviewing, hiring and training new employees, planning, assigning and directing work, appraising performance, rewarding good performance and managing performance issuer, addressing complaints, and resolving problems.
  • Experience & Education

  • At least 10 years of related casino experience with more than 5 years of progressive, experience as a senior casino financial leader / executive is required.
  • A bachelor’s degree in Accounting, Finance or related major is required and a M.B.A. in finance and CPA license are preferred.
  • Competencies

  • An experienced, confident and tested leader with strong operational skills and a focus on continued growth.
  • Proven technical skills and well versed in all current accounting practices. SAP experience is a must.
  • Ability to use Accounting software, Database software, Inventory software, Order Processing systems, Project Management software, spreadsheets and word processing.
  • Strategically agile, i.e. can anticipate future consequences and trends accurately while staying connected to daily operations.
  • Interpersonal skills including the ability to motivate, negotiate, and persuade stakeholders into a course of action.
  • Excellent communication skills (verbal and written) and the ability to effectively relay information and ideas in multiple forums, in front of large and small groups of people.
  • Personal accountability, respect for others, and a display of honesty and integrity at all times.
  • Ability to consistently make decisions with an awareness of how those decisions impact the overall organization, from an operational, cultural and standpoint, in both the short and long term.
  • Capacity to manage multiple projects simultaneously while clearly specifying objectives and realistic time frames.
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