Manage cash flow

Take bets, pay out winnings and manage the cash flow.

effect payments
manage cash flows
manage cash income
manage flow of cash

skill/competence

sector-specific

Manage cash flow is an essential skill of the following occupations:

Bookmaker: Bookmakers (also often called ‘bookies’, or ‘turf accountants’) take bets on sports games and other events at agreed upon odds, they calculate odds and pay out winnings. They are responsible for the risk management.
Lottery cashier: Lottery cashiers exchange the registration of set of numbers or symbols for money and give tickets to the players. They pay out prizes and obtain customers’ signatures and identification. They audit and count money in the cash register, enforcing regulations to prevent money laundering.
Casino cashier: Casino cashiers exchange tokens, coins or chips for money. They arrange pay-outs and obtain customers’ signatures and identification. They audit and count money in a cash register, enforcing money laundering regulations.

Manage cash flow is optional for these occupations. This means knowing this skill may be an asset for career advancement if you are in one of these occupations.

References

1. Manage cash flow – ESCO