Manager of Payments and Treasury

Bally's Chicago•Providence, RI

5d•$100,000 - $115,000

About The Position

The Manager of Payments and Treasury will supervise the treasury and payments teams, overseeing daily cash management activities, short-term cash forecasting, and global payment processing. This role involves managing financial instruments, maintaining debt and derivatives schedules, and ensuring compliance with financial policies and regulations. The position also requires providing analysis of cash flow trends, preparing financial reports, and leading team development. The Manager will be responsible for implementing process improvements and supporting treasury management decisions.

Requirements

Excellent analytical and problem-solving skills.
Advanced Excel skills (ability to maintain and analyze complex models).
Strong understanding of interest calculations, amortization schedules, and debt roll forwards.
Experience supporting treasury operations and cash management.
Strong communication and interpersonal skills.
Detail-oriented with a focus on accuracy and process improvement.
Ability to manage multiple tasks and prioritize effectively in a fast-paced environment.

Responsibilities

Supervise the treasury team that will oversee daily cash management activities, including monitoring cash balances and ensuring adequate liquidity.
Manage short-term cash forecasting to ensure timely payments and cover operating expenses.
Assist in executing standby letters of credit, performance bonds or similar instruments.
Maintain and update debt schedules, including revolvers, term loans, letters of credit, and senior notes.
Prepare monthly debt roll forwards and interest expense calculations.
Assist with quarterly debt disclosures and financial reporting footnotes.
Maintain and update derivatives schedules, including cross-currency swaps.
Validate calculations related to derivative activity and settlements.
Support execution and tracking of FX trades.
Coordinate with internal teams and banking partners on settlements and confirmations.
Develop and implement cash management policies and procedures to improve cash flow efficiency.
Assist with intercompany funding and liquidity management.
Supervise and manage the payments team, which will oversee global payments including ACH, wire transfers, credit card payments, checks, and international transactions.
Ensure compliance with internal and external financial policies and regulations.
Prepare regular cash flow reports and accounts receivable aging reports for senior management.
Provide analysis of cash flow trends and accounts receivable performance.
Assist in the preparation of month-end and year-end financial reports, including reconciliations.
Provide recommendations for process improvements based on reporting and analysis.
Lead, train, and motivate the payments and treasury teams.
Ensure compliance with company policies, accounting standards, and relevant regulations.
Participate in audits and provide necessary documentation to auditors.
Assist in treasury management and funding decisions as required.
Other duties as assigned.