Financial Analyst (Treasury)

Toronto Community Housing; Toronto; On-site; CAD 60,000 - 80,000; Full time

Job summary

A municipal housing organization in Toronto is seeking a Financial Analyst to manage Treasury operations, conduct financial analysis, and support bank management. The successful candidate will have a degree in Business or Finance, advanced Excel skills, and Treasury experience. This role offers a competitive salary and comprehensive benefits, along with opportunities for professional growth.

Benefits

Three weeks paid annual vacation

Defined benefit pension plan

Health and dental benefits

Training and development programs

Qualifications

• 2-3 years of Treasury / Banking experience is required.

Responsibilities

• Periodic reconciliation of bank accounts.
• Coordinate with banks and operating units to resolve issues.
• Prepare accounting memos and continuity schedules.
• Assist in determining discount rates for post-retirement liability calculations.
• Monitor bank covenants.

Skills

Advanced Excel skills

Excellent communication skills

Analytical skills

Education

University degree in Business, Commerce or Finance

Pursuing or completion of an Accounting designation

Tools

Yardi ERP system

Job description

What we offer

In addition to competitive wages and a rewarding career where you can truly make a difference, we offer a comprehensive package that meets the various needs of our diverse employees, including :

• Ability to participate in inclusive employee-led networks to educate, inspire, amplify voices, build relationships and provide development opportunities;
• Three Weeks paid annual vacation days, increasing with years of service;
• Four (4) paid personal days;
• Defined benefit pension plan with OMERS, includes 100-per-cent employer matching;
• Health and dental benefits;
• Employee and family assistance program;
• Maternity and parental leave top up (93% of base salary);
• Training and development programs including tuition reimbursement of $1500 per calendar year;
• Fitness membership discount;

Make a difference

Reporting to the Treasury Manager, the Financial Analyst will support all aspects of the Treasury Department including but not limited to cash and debt management, bank covenants, work with consultants to automate bank rec in the new ERP system, communicate with bank(s) and operating unit(s), deployment and maintenance of remote deposit scanners, and other Treasury related projects as assigned by the Treasury Manager. The Financial Analyst should be open to cross-functional training as opportunities arise.

What you’ll do

• Periodic reconciliation of bank accounts involving review, investigation, and analysis of varied problems associated with bank reconciliations and identifying areas for process improvements
• Dealing with bank(s) and operating unit(s) to resolve any issues.
• Perform actual to budget / reforecast variance analysis and reconciliation of Balance Sheet and Income Statement accounts.
• Prepare accounting memos, briefing notes and continuity schedules where applicable.
• Responsible for rolling out remote deposit scanners at all OUs to facilitate cheque deposit process.
• As the point of contact in Finance, coordinate and communicate with OU and the bank to resolve the issues during implementation and responsible for providing training to OU staff.
• Assist Treasury Manager in determining the discount rates for post-retirement liability calculations.
• Pro-actively monitor bank covenants.
• Provide accurate information and supporting documents / schedules to the auditors in a timely manner.
• Under the direction and guidance of the Manager, responsible for summarizing corporate financial information and property specific P&Ls, calculating fair market values of properties to be mortgaged, determining the maximum loan amount that can be borrowed.
• Under the direction and guidance of the Manager, prepare loan and mortgage annual review documents in a timely manner, including compliance certificates, corporate financial statements, property tax payments, renewed insurance policies, property income and expense rent rolls.
• Assist Manager in selecting appropriate substitution properties based on the analysis of NOI, number of units, MPAC valuation, and capital spending needs.
• Other duties as assigned by the manager.

What you’ll need

• University degree in Business, Commerce or Finance.
• Pursuing or completion of an Accounting designation.
• Experience in Yardi ERP system preferred.
• 2-3 years of Treasury / Banking experience.
• Advanced Excel skills.
• Excellent communication and analytical skills.

What’s next

Once you apply, we’ll review your resume and contact you if your skills and experience match the qualifications for the role. If you are selected to move forward, the process will include one or more interviews and / or assessments and reference checks.

Candidates for unionized positions must score a minimum of 70% to pass any interview or assessment and be considered for the next stage of the recruitment process. Successful candidates will be determined based on score and where applicable, union seniority. Not all candidates who score 70% or higher will automatically proceed to the next stage of the recruitment process as this will be dependent on the number of candidates and number of available roles.

INDS