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Cash management

Maynooth
Horse Racing Ireland
Manager
Posted: 17 October
Offer description

Horse Racing Ireland (HRI) is a commercial semi-state body whose mission is to develop and promote Ireland as a world centre of excellence for horse racing and breeding. Our people and their passion for what they do is at the heart of our core values.Core Values: Respect, Ambition, Empowerment, Excellence, Integrity, Pride & Passion.Competencies:Energy & Pace, Customer Focus and TeamworkKey Responsibilities:Daily review of all bank accounts to ensure that all transactions are in line with group policy, that no errors/double payments have occurred, and that risk of fraudulent transactions are kept to a minimum.Complete the reconciliation of the various group bank accounts in accordance with Group Procedures, Identify and resolve discrepancies promptly, ensuring that all reconciling items are addressed before month-end. Prepare detailed reconciliation reports for management review at month end and filing of same in a timely manner.Deal effectively with queries from external and internal clients in relation to incoming and outgoing amounts and resolve queries in a timely, professional manner, escalating issues where necessary to ensure prompt resolution. Posting of all outgoing payments, calculating foreign exchange differences, and posting of same where required.Maintain Foreign Currency accounts and ensure finance system is updated daily for foreign currency rates. Provision of same on an ad hoc basis as required by other personnel.Management and Supervision of the On-course Cash Management Specialist ensuring that adequate cover is in place for both roles in the event of illness or annual leave.Assist the HRI, Racecourse and ITM/Tote finance teams in month end reconciliations and duties, coordinating with finance operations to verify transactions, including customer payments, debtor receipts, and internal transfers.Daily update of Group Cash position report and provision of same to management so that they can assess the cash position of the company and identify any potential issues.Maintenance of Cash Flow Projections, identifying where issues might arise in a timely manner such that corrective action can be taken in a timely manner.Function as the first point contact with all banking related queries, dealing with bank representatives and consulting with third party merchant services in relation to credit card related issues where required.Maintenance and filing of all banking related items for future use by auditors and other third parties, ensuring all back up items and bank statements are filed and available at any time should queries arise.Ensure all banking correspondence in relation to bank mandates is kept up to date, with adequate filing of all forms and permissions to ensure that payments can be authorised in a timely manner according to Group Procedures.Responsible for the maintenance of Group Treasury Procedures in line with Group Treasury Policy and maintaining current knowledge of regulatory changes that may impact banking and reconciliation procedures.Preparation of monthly banking KPIs that ensure that all banking related information is available for yearly insurance renewals etc.Contribute to an efficient finance operation, ensuring processes are regularly reviewed to ensure tasks are performed in the most efficient manner and process documentation is kept up-to-date to enable others to perform your primary duties when cover is required.Liaise with internal and external audit members providing banking back up to other teams in relation to their audit queries.Other ad-hoc assignments as and when requiredEssential Skills and Experience:Qualified or part qualified accountant with a recognised accountancy bodyResults driven, with a record of proactive problem solvingEffective communication skills with the capacity to communicate effectively across the organisationProven ability to manage multiple priorities in a demanding environment, with the adaptability and resilience requiredHigh proficiency in Excel and financial systemsTeam player focussing on building excellent relationshipsExperience leading systems improvements while an advantage is not essentialAn interest in horse racing while an advantage, is not essential.Our Benefits:25 days annual leave, plus two company closure daysPensionIncome ProtectionLife AssuranceAIR Card which gains you free entry into all 25 racecourses in Ireland for any racing eventRacing TV subscription with discountHybrid Working *Remove if not optional for this roleOpportunity to join the Social Club, which run events every two months, including an annual weekend away overseasAs HRI has its KeepWell accreditation, we run events throughout the year to support your WellbeingVolunteer ProgrammeProfessional development and education benefits with IMIRetirement planningHRI places a strong emphasis on diversity, inclusion, and equality at all levels of the organisation. Any candidate who requires reasonable accommodations at any stage of the selection competition should indicate their requirements. Any queries in relation to any disability or other issue which may be addressed through making such reasonable accommodations can be addressed to or telephone Appointment to this role is subject to the candidate's eligibility to work in Ireland. HRI is an equal opportunities employer.

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