Treasury Operations Specialist
6 days ago
About the Job:
\We are seeking an experienced Investment and Cash Management Analyst to join our team. As a key member of our Financial Management Services department, you will play a critical role in managing the City’s investment portfolio and ensuring investment returns are maximized and risk minimized in accordance with the Investment Policy Statement. If you have a passion for finance and a proven track record of success, we encourage you to apply.\
Main Responsibilities:
\- Develop and implement treasury related financial models, analysis, reporting and reconciliations. Prepare cash flow modelling for both the short term and long term planning horizons ensuring liquidity is maintained.\- Liaise with bank and investment dealers to execute transactions in accordance with Council approved policies and legislated requirements, ensuring appropriate cash flow is maintained. Research and analyze trends, new products and strategies. Analyze and recommend investment decisions to management. Identify and develop performance indicators to monitor, measure and report on progress and outcomes.\- Develop and maintain a comprehensive debt model to track historical and projected debt issuance and maturities. Use payment and debt amortization schedules as inputs to cash flow forecasts. Monitor and review debt forecasts against Council approved policies and cash flow requirements. Liaise with the Niagara Region regarding debt timing and issuances.\- Maintain and update a comprehensive reserve and reserve fund model that tracks historical and projected transactions. Ensure reserve levels meet any legislative requirements and Council approved policies and recommend appropriate funding for operational initiatives and capital projects.\- Ensure long term financial plans/capital forecasts comply with financial policies, reserve requirements and municipal finance best practices. Liaise with project managers to get updated timing on the status of projects and timing of funding requirements in order to update cash flow, debt and reserve models.\About You:
\- A degree in Finance, Business Administration, Commerce, Accounting, Economics or related field of study would be beneficial. Designations like CPA, CFA, CIM or completion of the Canadian Securities Course are advantageous. Knowledge of the Municipal Act and related investment and debt regulation(s) is also important.\What We Offer:
\- Competitive salary plus health, dental, vision, and life insurance coverage (for eligible positions).\- Enrollment in the OMERS pension plan with matched contributions for a secure retirement.\- Hybrid work environment (for eligible positions). Access to training and development funds to support your career growth. An opportunity to make your mark and leave a lasting impact through modernization efforts. A supportive team and a leadership team focused on growth and success.-
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