Cash Management Analyst

Woodbine Entertainment•Etobicoke, ON

9d•Onsite

About The Position

Woodbine Entertainment Group, with almost 150 years of horseracing history, is Canada's largest operator of professional horseracing and a world-leader in horse-racing and diverse entertainment facilities. The Cash Management Analyst, reporting directly to the Treasury Manager, will significantly impact financial transactions. This role is responsible for both Treasury and Accounts Receivable functions, playing a crucial part in financial operations by monitoring and optimizing the company's cash flow and liquidity. The analyst will liaise with financial institutions and support internal and external customers regarding accounts, monetary queries, and discrepancies, including account analysis and reconciliation. The position also involves regular reporting and analysis to provide insights and support strategic financial decision-making, contributing to the company's financial health and stability. Candidates must be capable of working effectively both independently and within a team environment.

Requirements

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.
Post-secondary education in Accounting or equivalent experience.
1-3 years of Treasury experience within an Accounting environment.
Proficient with MSOffice (Word and Excel).

Nice To Haves

Accounts Receivable experience is preferred.
Previous Power BI, MS Dynamics 365 Finance and Operations experience an asset.

Responsibilities

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.
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.