Finance and Reserve Specialist

Status - Permanent Full-Time - Temporary - Approximate length of assignment, in months - Type of Position - a Replacement - Start Date - Immediate - Salary - Per hour - Salary Grade - $63.18 - $68.68 - Department - York Region -> Finance -> Treasury Office - Location Treasury Office - 17250 Yonge Street - Newmarket, ON L3Y 6Z1 CA (Primary) - Job Description (E) **ABOUT US** Almost 1.2 million residents call York Region home, making it one of the largest regions in Canada - and the fastest growing with a population that’s expected to grow to more than 2 million by 2041. Our geography, which is comprised of about 1,800 square kilometers over nine different municipalities, is as beautiful, interesting and diverse as our people. Local government is organized in a two-tier structure, and we work together with our local municipalities to provide residents and businesses access to a broad selection of services and resources. **WHAT WE OFFER** Consistently named one of Canada’s Best Employers by Forbes, we offer a collaborative, progressive workplace that takes pride in our organizational culture and is committed to living The 13+ Factors of Psychological Health and Safety in the Workplace - aligned with our vision to create strong, caring and safe communities both within and outside our walls. - **Defined Benefit Pension Program** - With the Ontario Municipality Employees Retirement System (OMERS) defined benefit pension plan, you can confidently retire knowing that you will have income for life. Eligibility from date of hire as a full-time employee and includes employer-matched contributions. - **Employer of Choice** - Recognized as the highest-ranking government employer in Canada and fourth overall among 300 organizations. - **Benefits and Wellness**: - Employees and their loved ones have access to a comprehensive employer-paid benefits plan that includes extended health, dental and life insurance, access to a 24/7 Employee and Family Assistance Program and corporate discounts and purchase plans for day-to-day products and services. - **Inclusive and Diverse Workforce** - We’re committed to fostering an environment that celebrates all dimensions of diversity and ensures everyone can develop to their full potential, participate freely in society and live with respect, dignity and freedom from discrimination. Our robust Inclusion, Diversity, Equity and Accessibility program continues to grow, and has been recognized by the United Nations and many other organizations for our leadership. **ABOUT THE ROLE** Reporting to the Manager, Financing and Reserves, is responsible for supporting a comprehensive and integrated funding strategy for the Region’s capital program that optimizes the use of debt and reserves; administering current and future financial obligations; assisting with investors and credit rating agencies; and supporting the development of related policies. **WHAT YOU'LL BE DOING** - Develops financial models with respect to the Region’s Long-Term Debt Strategy optimizing the use of development charges, tax levy, user rates and reserves, including the impact of other funding. - Develops multi-year capital funding models for 10 and 20-year forecast periods that optimize the available debt capacity, reserves and other funding sources. - Analyzes and presents the results of findings and prepares recommendations for optimized funding to support York Region’s capital plan. - Compares debt positions with peer municipalities; identifies, calculates and recommends appropriate benchmarks and/or best practices relating to municipal debt programs. - Analyzes the requirements of existing reserves to determine adequacy; proposes appropriate reserve targets and funding strategies; determines the need for new reserves and/or the collapse of existing reserves. - Forecasts multi-year reserve balances and models long-term cashflow requirements for the Region to assist in the Corporate budget process and provide investment term guidelines for portfolio management purposes. - Develops financial models required for the development of the annual Long-Term and other Financial Obligations Management Plan (Debt Management Plan) including an examination of the risk and mitigations. - Develops presentations for potential investors of the Region’s debentures. - Communicates and coordinates with internal Departments and external institutions, municipalities, lawyers, bond rating agencies, investors, vendors and service providers, in the execution of borrowing, lending and negotiating functions. - Participates on inter-governmental committees as a Regional representative providing leadership and guidance on financing and reserve management issues. - Performs other duties, as assigned, in accordance with Branch and Department objectives. **WHAT WE'RE LOOKING FOR** - Successful completion of a Master’s Degree in Finance Business Administration, Mathematics, or Economics, or a Chartered Financial Analyst or Chartered Accountant