Cash Management Analyst

3 weeks ago


Vancouver, Canada The City of Vancouver Full time

**Requisition ID**:37157

**Company**

Located on the traditional, ancestral and unceded lands of the xʷməθkʷəy̓əm (Musqueam), Sḵwx̱wú7mesh (Squamish), and səlilwətaɬ (Tsleil-Waututh) Peoples, Vancouver has a commitment to becoming a City of Reconciliation. Vancouver consistently ranks as one of the world’s most liveable cities and is working towards being the greenest city in the world. Named among Canada's Top 100 Employers, BC's Top Employers, and Canada's Greenest Employers, the City of Vancouver seeks colleagues who can help shape and embody our core commitments to sustainability, decolonization, equity and outstanding quality of life for all residents.

Consider joining our committed team of staff and being part of an innovative, inclusive and rewarding workplace.

**Main Purpose and Function**

Treasury is responsible for managing economic and financial risk; financing for operating and capital requirements; relationships with financial institutions and rating agencies; cash and liquidity; and investments. The Analyst, Cash Management is responsible for providing decision support and advice for senior executives to optimize the City’s cash profile, to support Citywide goals and objectives, and to enhance all aspects of cash management function and technology for receipts and payments efficiency within the City environment.

This position performs complex analytical work to support the strategic outlook for the cash management function as well as to support the daily operations within the Treasury Division of the City’s Finance Department. Key responsibilities include: assessing best in practice technology and tools; developing cash forecast models and variance analysis; optimizing liquidity; researching, recommending, and implementing financial products and services; recommending and implementing industry best practices to improve cash management; and supporting the development of corporate policies and procedures for cash management, banking, and foreign currency.

**Specific Duties/Responsibilities**

Liquidity Management
- Develops short-term and long-term dynamic forecasts and variance analysis for cash flow, income, and assets-liabilities to support liquidity and credit rating analysis.
- Works with FPA and other business units to accurately forecast timing of future cash flows over the current operating and capital budgets timeframe.
- Works with Financial Services to develop plan and implement bank account structure to better align with lines of businesses.
- Works with the City’s primary bank to recommend prices and terms for implementing cash management leading technology, services, industry best practices, banking agreements, and Treasury systems that align with Treasury strategies and City’s ERP system.
- Maintains current intelligence of banking products, services, and technology.
- Leads cash management process improvements and ensures financial obligations are met in accordance with policies and procedures.
- Manages daily cash management activities and works closely with the Treasury Senior Analyst to target liquidity levels for investment purposes.

Receipts and Payments
- Work with business unit leaders in order to anticipate receipt and payment needs; recommends and implements solutions and processes to optimize collection and disbursement operations that are consistent with the City’s enterprise receipts and payments strategy.
- Leverages business unit relationships to recommend receipts and payments technology or services for City-wide projects.
- Works with the City’s credit card acquirers to recommend prices and terms for implementing relevant products and services, services agreements and contracts with other financial institutions and vendors.
- Maintains current intelligence of industry technology and products and services offered by the City’s credit card acquirers.
- Recommends and implements industry best practices and standards.
- Reviews financial receipts, disbursements, and bank returned items for the City and submits to appropriate business unit accounting groups for recording.
- Ensures that bank accounts managed by Treasury are reconciled and that returned items are reviewed and forwarded to appropriate business units or accounting groups.
- Supports business units that use credit card acquirers’ products and services, including device and merchant account orders.
- Informs business units of security software updates, service continuity, chargebacks, and transactions dispute review.
- Supports the Treasury team to develop an enterprise receipts and payments strategy.

Compliance and Reporting
- Updates bank account documentation to align with industry best practices.
- Records relevant receipts and payments as needed, including implementing processes and procedures to ensure proper risk based internal controls.
- Maintains document library for receipt and payment channels, banking arrangements, agreements with third party vendors, and



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