Manager, Treasury & Accounting

Vaco Recruiter Services; Toronto; On-site; CAD 95,000 - 103,000; Full time

Job summary

Vaco Recruiter Services, on behalf of a leading social assistance organization, seeks a Manager, Treasury & Accounting in the Greater Toronto Area. You will oversee liquidity management, endowment and investment accounting, and manage procure-to-pay, reporting and audits.

You have CPA, 5+ years treasury/accounting including 2+ years leading a team, strong financial modelling and data mining skills, and proficiency with Excel, Power BI and Power Apps.

Qualifications

• Completed post-secondary education in commerce, finance, or economics.
• CPA certification required.
• 5+ years of treasury and accounting experience including at least 2 years in a people management role.
• Strong financial modelling and data mining skills.
• Ability to excel in a fast-paced environment with tight timelines.
• Independent self-starter who can also work in a team.
• Excellent time management and organizational skills.

Responsibilities

• Oversee liquidity management and cash forecasting; plan cashflow and short-term investments.
• Lead and report the forecast of cash position and related metrics.
• Manage foreign exchange conversions when required.
• Oversee procure-to-pay, accounts payable, and ERP postings.
• Ensure endowment and investment accounting is reconciled and reported.
• Provide consulting and analytical support for treasury activities.
• Develop relationships with bankers and investment managers.
• Supervise staff development, hiring, and performance evaluations.

Skills

CPA certification

Financial modelling

Data mining

Excel

Power BI

Team leadership

Communication

Education

Post-secondary education in commerce/finance/economics

CPA certification

Tools

Power Apps

Power BI

Microsoft Excel

Microsoft Word

PowerPoint

Job description

About the Company

Our client is one of the leading social assistance organizations in the country. They are looking for a Manager, Treasury & Accounting who will be responsible for maintaining accurate forecasts, investment portfolio analysis and supporting key treasury administrative functions like procure to pay, property acquisition payments, endowment management. Reporting to our Director of Corporate Finance, this position is also responsible for supervising a team of direct reports and acting as a trusted advisor to operating units, regional teams, and leadership.

Why Work Here

• Excellent work-life-balance, organization takes care of its employees with lots of vacation, nature days, extra holidays above stat holidays and strong benefits package.

About the Opportunity

• Oversee liquidity management. Review daily cash requirements, plan cashflow, invest-divest from short term accounts and report on weekly cash movements and recommend short term investments
• Lead and report the forecast of the company’s cash position, calculate liquidity metrics, and LT endowment capacity (LTEC) position to inform and optimize funding strategy decisions.
• Manage foreign exchange conversions (US funds) when required.
• Ensure all bank accounts are reconciled in a timely manner.
• Ensure timely recording of movements in the TBLCF internal loan fund, monthly reporting, forecasting and drafting quarterly reporting of the fund and prepare working papers and draft notes for annual reporting of the liquidity and the internal loan fund.
• Oversee our procure-to-pay function including purchase orders, Concur, Apex, US Bank VISA and credit card management. Ensure that all approved accounts payable transactions in Concur systems are transferred to the financial systems for payments.
• Ensure all property related deposits, interim and final payments, and contributions to third parties are disbursed in line with contractual obligations.
• Review bi-weekly payments file and approve payments to authorized levels.
• Ensure the accounts payable ledger is regularly reconciled with the general ledger and appropriate working papers and reporting is completed for the annual audit.
• Oversee gift of securities through discount bank brokerage account.
• Oversee timely and accurate processing of direct revenue in Financial Edge to ensure entries are recorded per GAAP, the company’s policies and CRA regulations.
• Exercise judgement to identify, diagnose and review land, endowment and internal and external loan related entries and payments. Ensure external and internal loan drawdowns and repayments are completed in a timely manner. Provide specialized consulting, analytical and technical support.
• Monitor and track investment transactions are completed, ensure timely disbursements for private equity capital calls, semi-annually draw spending allocations.
• Ensure all endowment related transactions are reconciled, between categories, and recorded in the endowment software regularly, endowments mutualized quarterly, and all transactions are timely and accurately recorded in the ERP.
• Draft reporting for the investment committee and provide recommendations to leadership on trending issues and effective management of the Investment Committee.
• Annually reconcile and report on changes to endowment funds by category and draft financial statement note related to investment and endowments.
• Responsible for external audit reporting requirements related to treasury and investment functions
• Develop and maintain expertise in all regulations, directives and guidance which apply to the Treasury group, including interpreting regulations and understanding emerging issues, ensure the company is compliant with restricted funds policies and external regulations.
• Build effective relationship with internal and external stakeholders including bankers and investment managers addressing their needs of providing services to the company.
• Oversee staff development, hiring and performance evaluations.
• Act as subject matter expert to identify opportunities to streamline process and address business issues in ERP implementations

About You

• Completed post-secondary education in a related field (i.e. commerce, finance, economics).
• Your CPA certification.
• 5+ years of relevant treasury and accounting experience including at least 2 year in a people manager role
• Strong financial modelling and data mining skills, understand endowment management, investment mutualization, and portfolio management.
• The ability to excel in a fast-paced environment with frequent changes and tight timeline demands.
• Proven yourself as an independent self-starter, who can also work effectively in a team-based environment.
• Excellent time management and organizational skills and the ability to manage conflicting priorities within structured deadlines and deliverables.
• Demonstrated your ability to think outside the box, recognize key risks, identify areas for improvement and strengthen the existing control environment. You know how to drive efficiencies and are analytically minded.
• Shown yourself to be an effective communicator and relationship builder and, can effectively manage priorities within structured deadlines and deliverables.
• Strong Microsoft Excel skills, proficient with Microsoft Word, PowerPoint, and also citizen developer tools like Power Apps and Power BI.

Salary Range

$95,000 - $103,000/year

When referencing this job, quote #303378

This position for employment is for a current vacancy with Vaco/Highspring’s client. You must currently reside within the Greater Toronto Area and be permitted to work in Canada to be considered for this opportunity.