General Accountabilities:
- Provide advice and support to the Finance Function in the areas of financial and accounting policy procedures, business planning cost control.
- Ensure the appropriate and consistent application of corporate financial reporting policies to report financial results in a timely and effective manner.
- Support Vice President and Treasurer's objective of maintaining financial integrity, compliance, effective financial reporting, internal control and prudent cash management.
Specific Accountabilities:
- Provide advice and support to the Finance Function in the areas of financial and accounting policy for treasury products, business planning cost control.
- Ensure the appropriate and consistent application of generally accepted accounting principles and corporate financial policies to report financial results and explanation of variances in a timely and effective manner. Manage and maintain treasury chart of accounts, review of account balances, reconciliations and account structures.
- Perform treasury's monthly/quarterly close and reporting processes, including preparing and inputting journals, and development/production of appropriate financial, management (including performance) reports.
- Perform or review monthly General Ledger Account reconciliations.
- Prepare working papers and schedules to support the review and/or audit of financial statements.
- Project cashflow receipts and disbursements for the day and execute treasury settlements daily.
- Maintain cash forecasting model and perform cash forecasting activities for forecast periods from one day up to one year.
- Liaise with Business Units on cashflow forecasting data.
- Perform contract maintenance (such as coupon interest payments, interest rate reset confirmations, note issuance details, investment purchases/sales and maturities etc.), counterparty confirmations, cash settlement and other treasury business support functions/activities.
- Liaise with trustee, custodian, fiscal agents and bankers.
- Ensure that Corporate guidance on taxation matters relating to treasury products has been followed within Treasury. Monitor adherence to treasury bank account and banking policies and procedures by business units and consolidate monthly bank account reconciliations prepared by Treasury and other Business Units.
- Provide support to help ensure applicable outsourced and other treasury related services (including banking, remittance processing, custodial, trustee and issuing and paying agent) contracted to external service providers are appropriately delivered.
- Handle Letter of Credit requirements for Business Units and subsidiaries.
- Participate in special studies on major treasury and corporate/business unit systems initiatives.
- Assist Corporate Finance, Customer Care and other Business Units on required changes to business processes and changes/enhancements to financial systems relating to banking activities.
- Participate in the development of internal control policies and develop procedures as required.
- Ensure that Corporate (such as Bill 198) requirements are met.
Managerial Accountabilities:
- Manage the unit and achieve the targeted results through diligent and accurate oversight of the financial aspects of the department.
- Be accountable for the outputs of others.
- Provide a safe and healthy work environment.
- Demonstrate stewardship of assets and resources.
Selection Criteria:
- Requires an in-depth knowledge of accounting, finance, financial systems, financial reporting and planning to maintain treasury accounting records and systems.
- Requires knowledge of financing, foreign exchange and cash management concepts.
- Requires financial experience including internal control and financial reporting systems.
- Requires experience to be familiar with various management systems, controls, policies, regulatory requirements, procedures, legislation and agreements governing Company's activities.
- This knowledge is considered to be normally acquired through the successful completion of a 4 year University education in business administration or commerce with an accounting or finance major plus one further concentrated study in a recognized accounting designation (CPA, CGA, CMA, CA) or CFA or by having the equivalent level of education.
- A period of over 8 years is considered necessary to gain this experience.
Demonstrated Management Skills:
- Achievement Motivation: concern for working well or for competing against a standard of excellence.
- Analytical thinking: ability to understand a situation by segmenting and tracing implications step by step.
- Client-Service Orientation: desire to help or serve others, to meet their needs.
- Impact and Influence: able to persuade, convince, influence or impress others.
- Initiative: takes action, proactively doing things and not simply thinking about future actions.
- Team leadership: ability to take a role as leader of a team or other group.
- Teamwork: able to work with others as part of a team, as opposed to working separately or competitively.
This role operates in a hybrid in-office environment, requiring the contractor to be on site 2 days per week (Wednesday + Flex) at the Downtown Toronto office.
Seniority level
Mid-Senior level
Employment type
Contract
Job function
Accounting/Auditing, Finance, and Analyst
Industries
Staffing and Recruiting
