Cash Management Advisor (Senior Financial Analyst)

ABOUT US
Almost 1.2 million residents call York Region home, making it one of the largest regions in Canada – and the fastest growing with a population that’s expected to grow to more than 2 million by 2041. Our geography, which is comprised of about 1,800 square kilometers over nine different municipalities, is as beautiful, interesting and diverse as our people. Local government is organized in a two-tier structure and we work together with our local municipalities to provide residents and businesses access to a broad selection of services and resources.

WHAT WE OFFER
Consistently named one of Canada’s Best Employers by Forbes, we offer a collaborative, progressive workplace that takes pride in our organizational culture and is committed to living The 13 Factors of Psychological Health and Safety in the Workplace – aligned with our vision to create strong, caring and safe communities both within and outside our walls.

• Defined Benefit Pension Program - With the Ontario Municipality Employees Retirement System (OMERS) defined benefit pension plan, you can confidently retire knowing that you will have income for life. Eligibility from date of hire as a full-time employee and includes employer-matched contributions.
• Employer of Choice - Recognized as the highest-ranking government employer in Canada and fourth overall among 300 organizations.
• Benefits and Wellness - Employees and their loved ones have access to an employee health care spending account, access to a 24/7 Employee and Family Assistance Program and corporate discounts and purchase plans for day-to-day products and services. Casual employees are eligible to receive payment in lieu of benefits and/or vacation.
• Inclusive and Diverse Workforce - We’re committed to fostering an environment that celebrates all dimensions of diversity and ensures everyone can develop to their full potential, participate freely in society and live with respect, dignity and freedom from discrimination. Our robust Inclusion, Diversity, Equity and Accessibility program continues to grow, and has been recognized by the United Nations and many other organizations for our leadership.
   

WHAT YOU'LL BE DOING

• Verifies accuracy of all investment transactions and reconciles holdings with safekeeping accounts and records; ensures timely and accurate settlement of all investment transactions including transaction ticketing and recording.
• Monitors all investment positions and transactions to ensure compliance with relevant government regulations and Investment Policy directives.
• Assists with the maintenance of the Investment Management System and where applicable, provides support to other municipal licensees. 
• Prepares supporting documentation and accounting entries used by the Controller’s Office for monthly and annual financial reporting requirements for all investment activities.      
• Determines short-term (under two years) cash flow requirements, including coordinating with other staff to determine timing of major operating and capital disbursements and receipts.
• Analyses the need for short-term borrowing based on cash flow and liquidity analysis, including the timing, term and structure of each borrowing needed.
• Develops and maintains a control register of all short-term borrowings as well as prepares periodic reports summarizing activities of the program.
• Maintain and coordinate relationships with all key banking managers in support of the Region’s liquidity management requirements.
• Develop ongoing deposit strategies, negotiate agreements for returns on deposits and manage the allocation of funds across banks.
• Verifies monthly/periodic charges related to safekeeping, banking and other investment related service costs. 
• Reviews cash management and banking procedures and processes on an ongoing basis and makes recommendations to the Manager regarding best practices and new/beneficial developments in the sector.
• Assists in the periodic review and tender of banking services including safekeeping and securities lending.
• Calculates monthly interest income and management fees associated with the investment portfolios and ensures that net interest income is allocated to the appropriate capital and operating accounts.
   

WHAT WE'RE LOOKING FOR

• Successful completion of a University Degree and advanced standing towards the completion of a recognized accounting designation (e.g. CA, CMA, CGA) or approved equivalent combination of education and experience.
• Minimum five (5) years financial or investment experience in a large multi-divisional organization including experience in financial analysis and forecasting as well as exposure to project management. 
• Demonstrated experience in the analysis, design and creation of computerized financial models.
• Thorough understanding of accounting principles as they apply to investment management.
• Sound knowledge of financial and economic principles and practices and the workings of capital markets.
• Ability to present recommendations, make presentations to a varied audiences, local municipal staff and members of the public.
• Ability to work in a stress oriented high-pressure environment and ability to make timely and expeditious decisions.
• Ability to demonstrate the Region’s core competencies.

Please apply online by 5:00PM EST of the closing date indicated above.

All employment opportunities are recorded on a 24-Hour Career Line and may be accessed by calling 1-877-464-9675 ext. 75508. We thank all candidates for their interest; however, only those selected for an interview will be contacted. Please be advised, York Region uses email as the primary means of communication with candidates and does not use AI technology in any part of the recruitment process. Please ensure your email address is up to date, checked frequently (including your spam folder), and accepts messages from unknown users.

York Region is an equal opportunity employer committed to an inclusive, barrier-free recruitment and selection process. We respect, encourage and celebrate our diversity, aiming to build a qualified workforce that reflects the population we serve. Should you require an accommodation under the Human Rights Code during the recruitment and selection process, including accessible formats and communication supports, please email careers@york.ca or call 1-877-464-9675 extension 75506. Accommodations for applicants with disabilities are available upon request during recruitment processes and throughout employment.