Analyst, Cash Operations

**OUR COMPANY BACKGROUND & CULTURE**

The UPP is a new, jointly sponsored pension plan that serves all active, retired, and deferred members and beneficiaries of the six current pension plans of the participating institutions - Queen’s University, the University of Guelph, the University of Toronto, and Trent University. UPP serves more than 35,000 members and manages assets of approximately $10.5 billion. The UPP is an exciting and ground-breaking pension start-up, intended to help enhance the long-term sustainability of defined benefit pension plans in the university sector for generations to come. Drawing on the decades of experience of our predecessors, our commitment is to protect the stability of our members’ pensions and deliver service excellence to our members and employers.

Our people drive performance. We live a commitment to diversity, equity, and inclusion - across race, place, gender expression, sexual identity, and cultures. The ability to bring your whole self to work drives performance. We actively look for talent that shares this commitment to inclusion and connectedness.

**THE ROLE**

This is a fantastic opportunity for an experienced analyst to join a team of high performing professionals to make a great impact. Reporting directly to the Director, Cash Operations you will be responsible for preparing daily cash forecasts, monitoring cash balances across multiple banks and accounts, and ensuring the timely settlement of cash transfers, payments and receipts. As Analyst, you will focus on analytical support, innovation, and continuous improvement on all processes within the Cash Operations team. The Analyst will develop working relationships internally and externally with vendors such as banks, custodians and brokers to deliver daily reports and project deliverables. Errors in judgement could have an impact on the plan’s cash availability and rates of return.

As a part of a start-up organization, the Analyst will be required to assist in developing and documenting key processes and controls for the Cash Operations function and subsequently scale the activities as the organization grows. This role requires collaboration with other members within UPP’s Investment, Investment Operations and Pension Services teams and the individual will be expected to establish close working relationships with key stakeholders.

UPP has adopted a Hybrid Work Model which allows staff the flexibility to work remotely with the opportunity to work in person at the office ~2 days a week. Our office is located in downtown Toronto.

**SPECIFIC ACCOUNTABILITIES**

The Analyst, Cash Operations will be responsible for a variety of duties, including but not limited to the following:
**Investment Reporting**:

- Prepare accurate and timely analysis of cash flows on a daily / monthly / quarterly / yearly basis and investigate any discrepancies
- Prepare both short
- and long-term cash flow reporting and analysis
- Ensure cash items are tracked and reconciled in a timely manner
- Develop and implement solutions to facilitate ongoing internal and external reporting effectively
- Conduct ad-hoc reporting and analysis to support key cash operations decisions

**Cash Management**:

- Working closely with the UPP Treasury team, support proactive management of cash balances including identifying overdraft and surplus funds situations
- Execution of cash transfers, wire payments and ensure timely settlement
- Support the day-to-day cash operations, review and controls
- Ensure accurate maintenance of multi-currency bank accounts and balances
- Maintain and improve current cash operations processes with a focus on overall process improvements, automation, and implementation of efficiencies as appropriate
- Prepare daily and monthly bank reconciliations and investigate any discrepancies
- Proactively identify inefficiencies/gaps in operational controls, processes and reconciliations and formulate recommendations, including implementing improvements

**Investment Compliance & Controls**
- Ensure cash related transactions are in compliance with investment policies and authority frameworks.
- Ensure all accounts are current and up-to-date and any breaks are cleared within 5 days with issue details identified within 1 day of break identification.
- Conduct regular reviews of aged trade and income receivables to ensure timely receipt of cash

**Other Projects**
- Collaborate with internal stakeholders on project tasks and ad-hoc requests
- Contribute to other UPP wide functional and enterprise projects, as assigned

**QUALIFICATIONS & EXPERIENCE**
- Bachelor of Commerce, Finance, Accounting, Economics, or related field. A professional designation (e.g., CPA, CFA, CTP) is an asset
- 2+ years’ work experience in treasury/cash management
- Experience with cash forecasting and global payments
- Strong knowledge of accounting practices, principles, and internal control requirements, including knowledge of capital markets, invest