Accounts Receivable and Cash Manager

About Bally's Corporation

Bally's Corporation (NYSE: BALY) is a global casino-entertainment company with a growing omni-channel presence. Bally's owns and operates 19 casinos across 11 states, along with a golf course in New York and a horse racetrack in Colorado, and holds OSB licenses in 13 jurisdictions in North America. The acquisition of Aspers Casino in Newcastle, UK, expands its international reach. It also owns Bally Bet, a first-in-class sports betting platform, Bally Casino, a growing iCasino platform, Bally's Interactive International division (formerly Gamesys Group), a leading global interactive gaming operator, and a significant economic stake in Intralot S.A. (ATSE: INLOT), a global lottery management and services business.

With 11,500 employees, its casino operations include approximately 17,700 slot machines, 630 table games, and 3,950 hotel rooms. Bally's also has rights to developable land in Las Vegas at the site of the former Tropicana Las Vegas.

The Role:

The Accounts Receivable and Cash Manager is responsible for overseeing the cash management processes and accounts receivable functions within the organization. This role involves managing daily cash flow, processing all payments for global payables, monitoring accounts receivable balances, ensuring timely collection of outstanding invoices, and optimizing cash flow to support the organization's financial stability. The manager will collaborate closely with other finance and operational teams to ensure accurate financial reporting and effective cash management practices.

Responsibilities:

• 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.
• Optimize cash flow by balancing payments and collections.
• Develop and implement cash management policies and procedures to improve cash flow efficiency.
• Monitor bank accounts and reconcile cash balances regularly.
• Identify and address discrepancies in cash management operations.
• Supervise and manage the accounts receivable team, ensuring accurate and timely invoicing.
• Develop and enforce credit policies and collection strategies to reduce bad debts and improve collections.
• Monitor accounts receivable aging reports to ensure timely collection of outstanding invoices.
• Manage customer relationships related to payment disputes and work with the sales team to resolve any issues promptly.
• Review and analyze aged receivables and provide recommendations for improvements.
• 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 cash management and accounts receivable teams.
• Collaborate with other departments (sales, customer service, etc.) to address customer issues and improve cash collection processes.
• 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

Competencies:

• Proficiency with accounting software and Microsoft Excel.
• Excellent analytical and problem-solving skills.
• 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.
• Strong understanding of cash management and accounts receivable best practices.

Qualifications:

• Bachelor's degree in Finance, Accounting, or a related field (required).
• Certified Public Accountant (CPA) or equivalent certification preferred.
• 5+ years of experience in cash management, accounts receivable, or financial management

What's in it for you:

• Competitive salary with annual performance reviews
• Comprehensive health coverage plan that includes medical, dental, and vision
• 401(K)/ Company Match
• Access Perks and Childcare discounts

Target Compensation:

• $70,000- $87,000 Annual Salary

Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities, and activities may change at any time with or without notice.