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Accountant/Bookkeeper - Thoroughbred Breeding Operation

Lexington, KY 40513

Posted: 07/17/2024 Industry: Office Staff Job Number: 135 Pay Rate: $ 40000.00 - $ 70000.00

Job Description

About the Facility
This is a well-established, high end breeding, training, and sales operation based in the heart of the Thoroughbred racing industry. Founded over 50 years ago, this is a family owned and operated program comprised of a robust breeding program, active racing string, and a successful pinhooking and appraisal business as well! This program currently has over 40 horses in active race training, and several of the most sought-after breeding stallion contracts in the country. With an exceptional employee retention rate and an owner who believes in giving his team a proper work/life balance, this is an opportunity one can expect to hold for many years to come. 

Job Description
After 8 years of employment, this operation's primary Office Manager has given notice of her retirement, which means we are looking for a new individual with extensive experience in accounting and administrative tasks to take over the primary bookkeeping and contract regulation for this bustling breeding and racing program. This person will be the primary billing and AR/AP accounting contact for all clients of this multi-faceted business. This person will also be responsible for managing the company payroll, releasing stallion certificates, and monitoring/renewing/enforcing breeding contracts. While this is not a hands-on-horses opportunity, this person must be well versed in the equine industry as they will be routinely conversing with high end trainers and owners regarding their accounts. Ample knowledge of the terminology and rules associated with the thoroughbred breeding industry is a key requirement for this role. This role does include the oversight of a part-time office assistant who will be able to share some of the lesser tasks. Some light management skills are strongly desired. 

Job Duties
Maintain accounts for all business entities, including the training and breeding operations, pinhooking ventures, appraisal services, and personal accounts of the farm's Owner.
- Oversee all AR and AP activities, including the issuance of monthly statements to Clients and shareholders
- Invoicing and records keeping for all horse sales, breeding contracts, and horse share agreements
- Receive and distribute race earnings to shareholders
- Converse as needed with clients and shareholders regarding the status of their accounts and contracts
- Process payroll for all farm employees on a bi-monthly basis and maintain standard HR duties for all farm employees (Vacation scheduling, benefits payouts, 401k management, etc)
- Generate and produce both monthly and annual P&L reports, balance sheets, and expense ledgers to Owners and shareholders
- Prepare monthly, quarterly, and year-end tax reports on each business venture
- Maintain all necessary insurances including equine, auto and business policies
- Light management of part-time office personnel

Job Requirements

Job Requirements
Minimum 2+ years of general Accountant work experience is required
Thorough knowledge of the terminology & structure of the thoroughbred breeding & racing industry is required
- Must be able to demonstrate proficiency in Quickbooks, Excel, and general computer literacy
- Experience generating standard business and tax reports
- Strong communication skills and professionalism

Benefits
- Competitive salary based on experience
- 100% Employer covered health insurance after 60 days
- 401k after 1 year of employment
- 2 weeks paid vacation within the first year of employment 
- 5 paid Personal Days
- 8 paid holiday days 
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About Lexington, KY

Ready to embark on an exciting career in the vibrant Lexington, Kentucky area? Explore our job opportunities and unlock your professional potential in the Horse Capital of the World. Known for its rich history, picturesque horse farms, and thriving bourbon distilleries, Lexington offers a unique blend of Southern charm and modern opportunities for growth. Home to the famous Keeneland Race Track, the University of Kentucky Wildcats, and the Lexington Opera House, this area boasts a dynamic cultural scene that caters to diverse tastes. With its stunning Bluegrass landscapes, world-class cuisine, and lively entertainment venues, Lexington is truly a gem waiting to be discovered. Don't miss out on the chance to build your career in this enchanting region – browse our job listings today and take the first step towards an exciting future in Lexington!