Treasury Associate

**Treasury Associate**

**MCAP at a Glance**

Joining MCAP means you will be a part of our diverse workforce of highly talented individuals who are recognized for their expertise and success At MCAP, your professional expertise, commitment to teamwork and passion for service excellence are recognized and rewarded with competitive total rewards offering, a career with continuous learning and development (formal & informal training), and exciting opportunities in a dynamic, entrepreneurial environment.

**The Role**

This position is responsible for the day-to-day cash activities of the Company, which includes cash management, reconciliations, investor servicing and reporting of daily warehouse funding.

The cash management component of this role is comprised of managing corporate cash requirements, monitoring the excess liquidity position and trust bank accounts, reconciliation, and settlement of intercompany balances and cash transactions and the recording of all related entries.

The reconciliation component includes the timely and accurate reconciliation of the trust bank and clearing accounts and investor general ledger accounts.

Warehouse funding reports include the warehouse funding and projection reports and the Prime BA/CORRA rate sheets which are used in the management of the daily warehouse borrowing. This position will also be exposed to reports to senior management.

Investor Servicing includes investor setup, daily loan sales and settlement, recording of investors/lenders fees and deposits and certain investor settlement and recording of entries

**Daily Cash Management**
- Forecasting all corporate cash requirements, settlement and recording of cash transactions
- Excess liquidity analysis
- Intercompany balance reconciliation and settlement
- Monthly bank charge and compensation analysis

**Account Reconciliation**
- Reconciliation of the trust bank and clearing accounts and investor general ledger accounts, recording of related entries and reporting
- Follow up and resolve all reconciling items in a timely manner

**Reporting**
- Obtain the daily actual mortgage funding and compare to projections to determine additional liquidity requirement for end of day
- Prepare the daily interest rate comparison between BA/Corra and Prime rates
- Update the mortgage commitment and BA analysis to assist in cost of borrowing decisions
- Prepare and analyze weekly Treasury reports to senior management including but not limited to Cash Forecast and ALCO WH Reporting

**Investor Servicing**
- Reconciliation of portfolio specific loans including remittances and continuity of balances.
- Settlement of the MBS payments and recording of entries.
- Daily maturity, renewal and warehouse sales and settlement entries.
- Monitor and record investors’ deposits.
- Record investors and lenders fees.
- Investor setup and maintenance

**Other**
- Manage a credit facility for daily collateral replacement.
- Manage a cash secured LC facility.
- Exposure to the Treasury Analyst tasks.
- Continuously identify and recommend automated processes and solutions.
- Provide data to support internal and external audits and other compliance initiatives.
- Other tasks as assigned.

**What You Bring To The Team**
- Financial services experience
- Account reconciliation experience
- Ability to work effectively within a team environment, carries out duties with integrity and assumes ownership and accountability
- Professional with a strong work ethic and excellent time management skills
- Ability to manage multiple and complex tasks in a fast-paced environment with competing priorities and deadlines
- Self-starter and results oriented with excellent attention to detail
- Ability to understand banking/borrowing concepts
- Excel skills
- Basic accounting skills
- Possess excellent interpersonal and communication skills
- Proven ability to foster relationships and collaborate with team members
- Post secondary degree or diploma in business (Finance/Accounting preferred)

If this sounds like you and you are looking to be a part of one of Canada’s largest independent mortgage finance companies, then we want to hear from you

**Be A Part Of Something Great**

MCAP is Canada’s largest independent Mortgage Finance company with over $150 billion in assets under management providing mortgage solutions for residential and commercial properties. For over 35 years, MCAP originates, trades, securitizes and services mortgages in offices across Canada. MCAP originates residential mortgages exclusively through the mortgage broker channel as we believe that a professional mortgage broker is a consumer's best option and MCAP actively promotes the services of mortgage brokers across the country. MCAP is also a leader in the Canadian residential construction lending market with over 25 years in the business. Our teams of dedicated professionals serve a variety of developer, construction and lender clients across Canada.

**Position #**: req1899

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