Director of Cash Operations | Direct Hire POST NUMBER: 443214
The Director of Cash Operations and Money Room is responsible and accountable for the complete operation of the Money Room and Cash Operations across all departments that handle cash and other cash instruments. The Director of Cash Operations and Money Room develops and implements procedures to ensure the security of all cash funds. Works closely with the Pari-Mutuel department and other departments that handle cash to ensure an efficient and economic operation, particularly regarding the Money Room and staffing.
SPECIFIC DUTIES AND RESPONSIBILITIES.
- Responsible for and oversees all Money Room operations, including ordering bankrolls, verifying funds, creating daily deposits from operations, and creating daily cash balance reports.
- Manages, trains, and enforces procedures to safeguard the company’s assets and funds.
- Responsible for developing policies and procedures to safeguard cash and cash instruments within the Company’s vault, including the imprest funds used for operations.
- Develops and manages a budget for the Money Room department.
- Review staffing levels by business needs and budget standards.
- Delegates duties and assigns responsibilities.
- Develop, implement, and maintain best practice policies and procedures as it relates to cash movement to dealers, count room activities, and record keeping.
- Development of Team Members, conducting interviews, hiring, and performance evaluations.
- Manages all cash-related policies to include but not limited to corporate procedures, internal controls, and both state and federal guidelines to ensure they are being followed.
- Evaluates bankroll needs based on the company’s operations during racing and simulcasting operations.
- Coordinate and manage cash pickup and drop off for offsite properties, including any satellite locations that offer pari-mutuel wagering under the Company’s state license.
- Responsible for vendor relations associated with Money Room operations.
- Reports Cash Operations activities to the Finance and Mutuels departments.
- Meets with other Departmental Directors and Managers as necessary, and provide tools and resources needed to ensure efficient and safe operation of all cash-related activities of the Company.
- Ensure compliance with the Bank Secrecy Act (BSA) and the property’s BSA policy, including coordination and participation with the Company’s internal audit and compliance departments to ensure adherence to all company policies.
- Works with the Pari-Mutuel Department to recruit and train full-time, part-time and seasonal Team Members for Money Room operations throughout the year.
- Proficient with Excel.
- Other duties as assigned.
STANDARDS OF PERFORMANCE
- Management abilities demonstrated in managing the Money Room with operational effectiveness.
- Maintain the highest levels of integrity and safety to ensure the safeguarding of Company assets.
- Effective management of the staff.
- Maintaining a professional working relationship among all personnel.
- Oral and written communication skills.
- Responsible for the overall direction, coordination, and evaluation of this department.
EDUCATION, TRAINING, AND EXPERIENCE
- Five to seven years experience in money room, casino cage operations, or relevant banking preferred.
- 4-year degree in related field or equivalent work experience preferred.
- Three or more years of leadership experience preferred.
- Ability to obtain a valid Kentucky Racing License
- Open to a Wednesday-Sunday work schedule.
Determining compensation for this role (and others) at Vaco/Highspring depends upon a wide array of factors including but not limited to the individual’s skill sets, experience and training, licensure and certifications, office location and other geographic considerations, as well as other business and organizational needs. With that said, as required by local law in geographies that require salary range disclosure, Vaco/Highspring notes the salary range for the role is noted in this job posting. The individual may also be eligible for discretionary bonuses, and can participate in medical, dental, and vision benefits as well as the company’s 401(k) retirement plan.
Vaco by Highspring values a diverse workplace and strongly encourages women, people of color, LGBTQ+ individuals, people with disabilities, members of ethnic minorities, foreign-born residents, and veterans to apply.
EEO Notice
Vaco by Highspring is an Equal Opportunity Employer and does not discriminate against any employee or applicant for employment because of race (including but not limited to traits historically associated with race such as hair texture and hair style), color, sex (includes pregnancy or related conditions), religion or creed, national origin, citizenship, age, disability, status as a veteran, union membership, ethnicity, gender, gender identity, gender expression, sexual orientation, marital status, political affiliation, or any other protected characteristics as required by federal, state or local law.
Vaco by Highspring and its parents, affiliates, and subsidiaries are committed to the full inclusion of all qualified individuals. As part of this commitment, Vaco by Highspring and its parents, affiliates, and subsidiaries will ensure that persons with disabilities are provided reasonable accommodations. If reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and/or to receive other benefits and privileges of employment, please contact HR@vaco.com .
Vaco by Highspring also wants all applicants to know their rights that workplace discrimination is illegal.
By submitting to this position, you agree that you will be giving Vaco by Highspring the exclusive right to present your as a candidate for the foregoing employment opportunity. You further agree that you have represented information about yourself accurately and have not affirmatively misrepresented your qualifications. You also agree to maintain as confidential, to the fullest extent permitted by law, any information you learn from Vaco by Highspring about the position and you will limit disclosure of information about the position only to the extent necessary to perform any obligations in furtherance of your application. In exchange, Vaco by Highspring agrees to exercise reasonable efforts to represent you through all solicitation, job screening and resume dispersal.
Privacy Notice
Vaco by Highspring and its parents, affiliates, and subsidiaries (“we,” “our,” or “Vaco by Highspring”) respects your privacy and are committed to providing transparent notice of our policies.
- California residents may access Vaco by Highspring HR Notice at Collection for California Applicants and Employees here.
- Virginia residents may access our state specific policies here.
- Residents of all other states may access our policies here.
- Canadian residents may access our policies in English here and in French here.
- Residents of countries governed by GDPR may access our policies here.
Pay Transparency Notice
Determining compensation for this role (and others) at Vaco by Highspring depends upon a wide array of factors including but not limited to:
- the individual’s skill sets, experience and training;
- licensure and certification requirements;
- office location and other geographic considerations;
- other business and organizational needs.
With that said, as required by local law, Vaco by Highspring believes that the following salary range referenced above reasonably estimates the base compensation for an individual hired into this position in geographies that require salary range disclosure. The individual may also be eligible for discretionary bonuses.