Treasury and Credit Accountant

Senior Treasury Accountant Location Toronto, ON : General Accountabilities:

Provide advice and support to the Finance Function in the areas of financial and accounting policy procedures, business planning, and cost control.

Ensure the appropriate and consistent application of corporate financial reporting policies to report financial results in a timely and effective manner.

Support the Vice President and Treasurer's objective of maintaining financial integrity, compliance, effective financial reporting, internal control, and prudent cash management.

Specific Accountabilities:

Through collateral relationships with and within the context provided by the Vice President and Treasurer (i.e., corporate strategies and policies, accountabilities, tasks, budget and programs, compliance and performance targets, expectations for continuous improvement, etc.), this role will be accountable for the following:

Provide advice and support to the Finance Function in the areas of financial and accounting policy for treasury products, business planning, and cost control.

Ensure the appropriate and consistent application of generally accepted accounting principles and corporate financial policies to report financial results and explain variances in a timely and effective manner. Manage and maintain the treasury chart of accounts, review account balances, reconciliations, and account structures.

Perform treasury's monthly/quarterly close and reporting processes, including preparing and inputting journals and developing/producing appropriate financial and management (including performance) reports.

Perform or review monthly General Ledger Account reconciliations.

Prepare working papers and schedules to support the review and/or audit of financial statements.

Project cash flow receipts and disbursements for the day and execute treasury settlements daily.

Maintain the cash forecasting model and perform cash forecasting activities for forecast periods ranging from one day to one year.

Liaise with Business Units on cash flow forecasting data.

Perform contract maintenance (such as coupon interest payments, interest rate reset confirmations, note issuance details, investment purchases/sales, and maturities, etc.), counterparty confirmations, cash settlement, and other treasury business support functions/activities.

Liaise with trustees, custodians, fiscal agents, and bankers.

Ensure that corporate guidance on taxation matters relating to treasury products has been followed within Treasury. Monitor adherence to treasury bank account and banking policies and procedures by business units and consolidate monthly bank account reconciliations prepared by Treasury and other Business Units.

Provide support to help ensure applicable outsourced and other treasury-related services (including banking, remittance processing, custodial, trustee, and issuing and paying agent) contracted to external service providers are appropriately delivered.

Handle Letter of Credit requirements for Business Units and subsidiaries.

Participate in special studies on major treasury and corporate/business unit systems initiatives.

Assist Corporate Finance, Customer Care, and other Business Units on required changes to business processes and enhancements to financial systems relating to banking activities.

Participate in the development of internal control policies and develop procedures as required.

Ensure that corporate (such as Bill 198) requirements are met.

Managerial Accountabilities:

Manage the unit and achieve targeted results through diligent and accurate oversight of the financial aspects of the department.

Be accountable for the outputs of others.

Provide a safe and healthy work environment.

Demonstrate stewardship of assets and resources.

Selection Criteria:

Requires an in-depth knowledge of accounting, finance, financial systems, financial reporting, and planning to maintain treasury accounting records and systems.

Requires knowledge of financing, foreign exchange, and cash management concepts.

Requires financial experience, including internal control and financial reporting systems.

Requires experience to be familiar with various management systems, controls, policies, regulatory requirements, procedures, legislation, and agreements governing the company's activities.

This knowledge is considered to be normally acquired through the successful completion of a four-year university education in business administration or commerce with an accounting or finance major, plus further concentrated study in a recognized accounting designation (CPA, CGA, CMA, CA) or CFA, or by having an equivalent level of education.

A period of over six years is considered necessary to gain this experience.

Demonstrated Management Skills:

Achievement Motivation - Concern for working well or competing against a standard of excellence.

Analytical Thinking - Ability to understand a situation by segmenting and tracing implications step by step.

Client-Service Orientation - Desire to help or serve others, to meet their needs.

Impact and Influence - Ability to persuade, convince, influence, or impress others.

Initiative - Takes action proactively, doing things rather than simply thinking about future actions.

Team Leadership - Ability to take a leadership role in a team or other group.

Teamwork - Ability to work collaboratively with others as part of a team, rather than working separately or competitively.

Job Type: Fixed term contractContract length: 12 months

Work Location: In person