Our rich history is a big part of who we are. With historic roots dating back over 135 years, Woodbine is steeped in tradition. We have been the engine that drives the Ontario horse racing industry. From King’s and Queen’s trips to Canada, anniversaries and unforgettable horse races, we have been creating winning experiences for all our guests.
We are currently on an amazing 20-year journey to ‘build a city within a city’ and transform the largest privately held land in Toronto into one of Canada’s premiere entertainment destinations. This journey will unlock the value of approximately 700 acres of land, leading to job creation and the revitalization of our communities, while enhancing our ability to share the thrill of horse-racing and cementing our place as an entertainment powerhouse.
We need dedicated people to join our cause. Be part of Woodbine Entertainment and get inspired to make work awesome!
Our Values & Beliefs
| WOW EVERY GUEST | OWN IT! | LISTEN & CONNECT – PEOPLE MATTER | FUEL THE FUN & PASS IT ON | TRUST IN OUR TEAM | #WE CARE | PURSUE YOUR POTENTIAL |BE BOLD| BE ALL IN |
Reporting to the Controller, Finance, the Manager, Cash Management will be responsible for providing leadership and technical direction to the Treasury, Payment Card, and Accounts Receivable staff (Cash Management Team). In addition, the individual is responsible for providing cash management support, including but not limited to, new product recommendations, technical guidance, regulatory direction, managing contract renewals, and liaising between the Woodbine Entertainment Group department heads and the external cash management service providers.
Responsibilities
Lead all corporate Receivable functions including: accurate and timely invoicing, prompt payment applications, the driving of collection efforts, and liaising with customers to •address inquiries
Lead the month-end accounting close processes for the cash management department including closure of the A/R sub ledger, approval of journal entries, validation of monthly revenues, A/R aging analysis & reporting for management, as well as the preparation & approval of monthly general ledger account reconciliations
Manage corporate funds through validating deposits, monitoring corporate accounts for fraudulent activity, forecasting daily idle cash for investing, assessing risk and profitability of investment vehicles, and monitoring money market rates/trends for optimal investment opportunities
Manage the corporate credit and debit card payment process through providing both technical and regulatory direction to department heads as well as developing, implementing, and enforcing internal and external policies, procedures, and best practices
Provide cash management services and equipment recommendations to the WEG Operational Departments
Oversee corporate foreign exchange transactions including the determination of purchasing requirements, researching optimal rate opportunities, liaising with foreign exchange vendors, and establishing internal exchange rates based on market indicators
Oversee Corporate letters of credit (LCs) including facilitating the execution of solicited LCs, validating monthly fees, and managing the renewal process
Liaise with financial institutions, payment card processor & cash management vendors to trouble shoot, manage resolutions, and lead the RFP (request for proposal) and negotiation process for product and support services
Proactively review new banking and investment products/opportunities and provide recommendations to senior Finance and operational management teams
Subject matter expert responsible for providing direction and education to the Corporation related to cash management service provider regulations including financial institutions, payment card processors and ABM processors as well as managing and implementing control processes within the Cash Management departmental processes
Responsible for the maintenance & coordination of all other critical corporate banking information and processes including but not limited to signatories, banking resolutions, Corporate Credit, on-line banking services etc.
Create a workplace culture that is consistent with the overall organization’s and that emphasizes the guiding principles and values of the organization
Lead the annual goal setting and performance evaluation process for the Cash Management department
As the Corporate treasury subject matter expert, participate in special projects as required
Support and backfill time-sensitive Cash Management tasks during staff absences
Key Success Factors
University or college degree/diploma in a field related to Accounting, Business Administration and/or the equivalent in education and experience
An accounting designation is preferred, but not required
Minimum of eight (8) years of experience in accounting at a multi-departmental organization
Minimum of three (3) years of Cash & Accounts Receivable Management experience
Experience in a medium to large, multi-departmental organization is an asset
Advanced knowledge of end-to-end accounts receivable close processes & ERP Accounting Software (Microsoft Dynamics 365 preferred)
Advanced knowledge of credit and debit transaction regulations including PCI DSS (Payment Card Industry Data Security Standard) and Anti-Money Laundering (AML).
General knowledge of electronic banking systems and credit card settlement processes
Guided by our Values and Beliefs, Woodbine Entertainment commits to providing an authentic and empowering work experience! Please reach out if you're ready to embrace change and be part of a new breed of experience while working for one of Canada’s certified Great Places to Work!