Analyst, Cash Operations

ABOUT UPP
UPP is the first pension plan of its kind in Ontario’s university sector, proudly serving over 40,000 members across four universities and fourteen sector organizations. Our purpose is to bring greater retirement peace of mind to the university sector by investing with integrity and serving members with care. As a sector-wide plan designed for growth, our doors are open to all Ontario universities.
Together, we’re a team of progressive thinkers and agile doers operating within a fast-paced culture of collaboration and respect. We believe in bringing smart and capable people together to create, solve and grow with a clear shared vision and values of integrity, inclusivity, ingenuity, and impact.
Our culture is intentionally welcoming and purposefully rooted in equity, diversity, inclusion, and reconciliation (EDIR). We believe diverse teams, perspectives, and lived experiences contribute to better decisions and a better workplace.
As a long-term investor, we recognize that environmental, social and governance (“ESG”) factors support risk management and value creation. As stated in our Responsible Investing Policy, we are committed to incorporating ESG considerations into our investment management activities and we collaborate with other industry participants in the promotion of a sustainable economy and society.
Join us in building a bright future for our members, our organization, and each other.
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 professio