Cash Management Analyst

at  Woodbine Entertainment Group

A NEW BREED OF ENTERTAINMENT

With almost 150 years of proud horseracing history, Woodbine Entertainment Group is the founding pioneer and largest operator of professional horseracing in Canada.
Building on our rich past, we are surging ahead to the future with an energized, new vision. Today we deliver the most thrilling and highest quality racing, dining and entertainment experiences to our visitors. In doing so, we remain a world-leader in horse-racing — and also among the most exciting and diverse entertainment facilities on the globe.

JOB SUMMARY

The Cash Management Analyst reporting directly to the Treasury Manager will have both a day-to-day and ongoing impact on financial transactions, keeping us on track, on time, and on good terms with our valued partners. Responsible for both Treasury and A/R functions, the successful candidate plays a crucial role in financial operations by monitoring and optimizing company’s cash flow and liquidity. Liaise and collaborate with financial institutions as well as support internal and external customers regarding accounts and/or monetary queries and discrepancies, including account analysis and reconciliation. The position also requires regular reporting and analysis to provide insights and support strategic financial decision-making, ultimately contributing to the company’s financial health and stability. Candidates must be able to work well both independently and within a team environment.

Cash Management:

• Monitor, reconcile daily cash positions for multiple bank accounts and resolve discrepancies.
• Allocation of cash balances to interest bearing utilities.
• Set-up/process/verify wire payments, funds transfers, bill payments and tax payments through on-line banking.
• Input incoming cheques, wires, EFT payments as well as net wagering credits to their related AR account invoices.
• Manage Stop Payments, Returned Cheques, Electronic Cheque Service exceptions and Cheque verifications.
• Forecast cash requirements and financial obligations.
• Develop, maintain, and improve financial models and spreadsheets for the budget and quarterly forecasts that inform strategic decision-making.
• Assist in analyzing the investment portfolio, executing transactions, and calculating short-term funding needs.
• Monitor departmental EFT file transmissions and auto withdrawals.
• Notify stakeholders of inbound expected electronic receipts.
• Set companywide posted exchange rates for U.S. currency transactions based on market indicators.
• Purchase foreign currency based on company requirements factoring in market volatility.
• Analyze and verify bank charges/fees related to monthly activity.
• Analyze and verify interest income/expense from investments and/or loans.
• Prepare and post daily/monthly treasury related entries to the general ledger.
• Audit Dormitory schedules and post monthly related entries to the GL.
• Reconcile 2 Dormitory GL accounts and work with Dormitory manager to resolve discrepancies.
• Collaborate with Treasury Manager to recommend ways to streamline the department records, processes, and development of best practices.
• Collaborate with Treasury Manager on strategic cash management initiatives.

Accounts Receivable:

• Maintain accounts receivable records to ensure aging is up to date, credits and collections are applied, uncollectible amounts are accounted for, and miscellaneous differences are cleared.
• Prepare and issue monthly statements of account to A/R customers.
• Investigate, prepare, and post journal entries to D365 AR module for Remote wagering customers related rate changes and processing adjustments.
• Monitor accounts and facilitate collection of outstanding invoices by communication with the client via email, telephone, and mail.
• Update collection status report for Manager, with detailed collection notes identifying reasons for non-payment for customers over 60 days.
• Batching, inputting, auditing, applying accounts receivable invoices and payments.
• Assist in streamlining the accounts receivable process by identifying areas for performance improvements.
• Provide back-up/support to team members.