Finance and Reserve Specialist (Corporate Finance Treasury Specialist)

Regional Municipality of York; Canada; Hybrid; Full time

Job summary

The Regional Municipality of York is seeking a Finance and Reserve Specialist to support an integrated funding strategy for its capital program. The role involves developing financial models, analyzing funding requirements, and ensuring compliance with municipal regulations, set in a collaborative and inclusive work environment.

Benefits

Defined Benefit Pension Program

Employer-paid benefits plan

Inclusive and diverse workforce

Qualifications

• Minimum five years financial experience in a large organization.
• Experienced in developing financial models and analyzing data.
• Thorough understanding of accounting principles and municipal regulations.

Responsibilities

• Develop financial models for the Region's Long-Term Debt Strategy.
• Analyze and present findings for funding strategies.
• Communicate and coordinate with internal and external stakeholders.

Skills

Financial analysis

Forecasting

Project management

Communication

Teamwork

Education

Master's Degree in Finance, Business Administration, Mathematics, or Economics

Chartered Financial Analyst or Chartered Accountant designation

Job description

Finance and Reserve Specialist (Corporate Finance Treasury Specialist)

Job Title

Finance and Reserve Specialist (Corporate Finance Treasury 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

Hybrid work opportunities may apply - CA
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 Supervisor, Debt and Investor Relations, 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 designation or an approved equivalent combination of education and experience.
• Minimum five (5) years financial experience in a large multi-divisional organization including experience in financial analysis and forecasting as well as project management.
• Demonstrated experience in writing analytical reports/studies, including the ability to identify problems, analyze and interpret data, and make and defend recommendations from the results of studies.
• Demonstrated experience in the analysis, design and creation of computerized financial models.
• Thorough understanding of accounting principles.
• Knowledge of provincial and municipal statutes and regulations pertaining to debt issuance, establishment of reserves and governance issues, including the ability to interpret and explain complex legislation.
• Sound knowledge of financing principles and practices and the workings of domestic capital markets.
• Knowledge of and demonstrated ability in corporate core competencies including customer service, communication, teamwork, initiative

Council Approval Date

Scheduled Weekly Hours

35

Scheduled Shifts

Mondy to Friday 0830 - 1630

Operational Hours

Close Date

July 2, 2025

# of Hires Needed

1

Union

CUPE Local 4900

Please apply online by 5:00PM EST of the closing date indicated above. As an alternative, you can apply via e-mail to [e-mail] .

All employment opportunities are recorded on a 24-Hour Career Line and may be accessed by calling 1-877-464-9675 ext. 75508. We thank all candidates for their interest; however, only those selected for an interview will be contacted. Please be advised, York Region uses email as the primary means of communication with candidates and does not use AI technology in any part of the recruitment process. Please ensure your email address is up to date, checked frequently (including your spam folder), and accepts messages from unknown users.

York Region is an equal opportunity employer committed to an inclusive, barrier-free recruitment and selection process. We respect, encourage and celebrate our diversity, aiming to build a qualified workforce that reflects the population we serve. Should you require an accommodation under the Human Rights Code during the recruitment and selection process, including accessible formats and communication supports, please email [e-mail] or call 1-877-464-9675 extension 75506. Accommodations for applicants with disabilities are available upon request during recruitment processes and throughout employment.

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