Financial Analyst

**Job Req ID**:561**Department**:Cash Management and InvestmentsFinancial Analyst (Cash Management/Investments and Police)

**Job Number**:561**Job Type**: Temporary Full-Time
- **Temp Contract Length**: 3 months
- **Location**: 150 Frederick St - Regional Admin Headquarters
- **Job Category**: Administration
- **Number of Positions**:1
- **Department**: Cash Management and Investments
- **Division**: Corporate Services
- **Hours of Work**: 35
- **Union**: Management/Management Support
- **Grade**: Management/Management Support Grade 06
- **Salary Range**: $48.05 - $60.06 per hour**Our Story**:

- Committed to fostering opportunities for current and future generations, the Region of Waterloo is an inclusive, thriving and sustainable region of connected rural and urban communities with global reach. Our mission is to serve, engage and inspire, by delivering quality services to a diverse population of 630,000+, while creating a healthy, collaborative environment of learning, respect and innovation.- This is a place where employees are valued and recognized for their talents and contributions to our success. Our employees take pride in making a difference in people's lives through the work that we do. We are looking for people like you to help make it happen.The Role
Supervises and administers the corporate cash management, debt, and investment functions for the Region and its local boards, including banking arrangements, investments, short-term borrowing, and debenture in support of capital programs. Oversees the sinking fund. Develops related policies.
- Duties/Responsibilities
Supervises accounting specialists and clerks.
- Supervises and administers corporate banking and cash management programs, and related services. Supervises day-to-day operations (e.g., bank reconciliations, stop payments, coin orders). Assists the Manager with banking services to regional departments and local boards. Assists in the review and analysis of corporate banking services to ensure operational needs and regulatory requirements are met. Oversees wire payments, foreign currency, and e-transfer payment processes.
- Prepares base operating budget for corporate financial items relating to cash management, investment, and debenture cost accounts, including projecting financial impacts.
- Supervises the preparation of the Region’s cash flow projections, including monthly reconciliations and internal reporting. Determines/recommends the need for short term investing and borrowing, for Manager approval as required. Maintains records.
- Supervises the administration of debenture issues for financing capital programs for the Region and area municipalities, per legislative requirements (e.g., accounting entries, payment schedules). Oversees documentation processes for regional debenture issues on behalf of the Region and area municipalities. Analyzes, verifies, and reconciles debenture issuance activities, and communicates final costs to financial analysts and area municipalities. Prepares reports for the Administration and Finance Committee and council related to debenture issues. Supervises the preparation of year end entries and information for financial statements and surveys on the Region’s investment portfolio, and responds to auditors as required.
- Maintains the electronic debenture system and related debenture documents. Ensures debenture payments are paid according to schedules.
- Leads the preparation of the Region’s economic profile for annual credit rating reviews used to market debentures.
- Supervises the administration of corporate investments, including general portfolio and sinking funds (e.g., monthly reconciliations, documentation, policy compliance). Prepares reports for the Administration and Finance Committee related to investment activities. Researches and assesses investment opportunities (approximately $30M/year), for management approval, and executes trades within specified parameters.
- Coordinates year-end audit requirements for banking, investments, debt, and sinking fund functions, including entries and reconciliations for financial statements, sinking fund surplus and deficiency analysis, and the financial information return (FIR) for the team. Responds to auditor inquiries as required.
- Represents the Region in provincial benchmarking initiatives. Prepares quarterly data/reporting for performance measurement program, benchmarking, and departmental targets.
- Oversees revenue accounting for regional programs, ensuring reconciliation with program areas and general bank account (approximately $80M/month). Oversees reconciliation of monthly sales and revenue information from systems/terminals and bank accounts, and provides calculations and analysis.
- Oversees the Region’s retail management system. Develops, implements, and maintains payment systems, ensuring client departments comply with system requirements. Supervises related training. Provides updates and advice on system upgrades. Investigates