Cash Management Analyst

Job description

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. KEY RESPONSIBILITIES: 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. JOB SPECIFICATIONS Skills: Proven ability to manage time efficiently and prioritize tasks effectively. Independent worker with a proactive approach and ability to ask questions when needed. Ability to connect the dots between different sources of information to investigate variances and explain the reason for the observed differences. Excellent analytical skills with the ability to interpret complex financial data. Advanced excel skills (i.e. Pivot tables, VLOOKUPs, etc.). Exceptional communication skills, both written and verbal. Strong ethical standards and integrity, with a commitment to confidentiality. Ability to consistently demonstrate an efficient mix of accuracy and speed with attention to detail. General knowledge of functional operation and understanding of other departments in the organization. Understanding of interdepartmental collaboration and the importance of different departments working together to achieve organizational goals. Driven by continuous improvement and willingness to learn. Education & Experience: Post-secondary education in Accounting or equivalent experience 1-3 years of Treasury experience within an Accounting environment. Accounts Receivable experience is preferred. Proficient with MSOffice (Word and Excel) Previous MS Dynamics 365 Finance and Operations experience an asset Reason for vacancy: Replacement Salary range: The target hiring salary range for this position is $60,800 - $66,000 . This range is not a guarantee of compensation. Final placement within the range depends on factors such as internal equity, market conditions, and the candidate’s experience, skills, and qualifications relevant to the role. We use AI-powered resume screening software to help identify qualified candidates based on the criteria in this job posting. All applications prioritized by the system are subsequently reviewed by our hiring team to ensure a fair and human-centered selection process Diversity, Equity, Inclusion and Belonging Be Yourself. We believe differences should be valued and celebrated. By building diverse and inclusive teams, we strive to provide a more authentic and empowering work experience that unlocks the potential of our people. Regardless of race, religion, colour, national origin, sex, gender, expression, sexual orientation, age, marital status, veteran status, or disability status, we believe everyone has the right to express their ideas, ambitions, and pursue their goals with confidence and integrity. Diversity breeds innovation. We want people to think differently. Our commitment is to build a culture that welcomes everyone and leverages their unique perspectives to be a great entertainment company that shares the thrill of horseracing experiences with the world.