Treasury Analyst

Granite REIT Holdings LP; Toronto; On-site; CAD 60,000 - 80,000; Full time

Job summary

A leading company in real estate investment is seeking a Treasury Analyst for its Toronto office. The role involves cash management, forecasting, and vendor management, with a focus on collaboration with internal and external stakeholders. Ideal candidates will have a finance background, strong organizational skills, and a proactive attitude toward financial operations.

Qualifications

• General knowledge and experience in treasury and bank account management.
• Proficiency with ERP and treasury systems.
• Advanced Excel skills required.

Responsibilities

• Support daily cash management transactions, including bank account management.
• Prepare monthly and quarterly reporting related to cash and treasury activities.
• Manage bank account documentation and compliance.

Skills

Attention to Detail

Time Management

Communication

Education

Bachelor's degree in finance, accounting or a related field

Tools

Yardi Voyager

Kyriba

MS Office Suite

Job description

Company Overview

Granite is a Canadian‐based Real Estate Investment Trust (REIT) engaged in the acquisition, development, ownership and management of logistics, warehouse, and industrial properties across North America and Europe. Granite owns 144 investment properties, representing approximately 63.3 million square feet of leasable area. Headquartered in Toronto, Granite also has regional offices in Dallas, Texas; Amsterdam, Netherlands; and Vienna, Austria.

Position Overview

Granite is seeking a Treasury Analyst to join our Toronto Office. This role will support the Treasury team in areas such as cash management and forecasting, treasury reporting, bank account management, and other treasury-related support. The successful candidate will collaborate with internal teams across Granite’s global offices and external stakeholders, including banks and vendors.

Job Functions

Cash Management and Forecasting

• Support daily cash management transactions and activities, including:
  • Managing all North American payments (wires, account transfers) via online banking and treasury management system
  • Monitoring cash balances to ensure sufficient funding and notifying the Senior Manager, Treasury of any anticipated overdrafts
  • Managing foreign exchange settlement instructions
  • Managing credit facility borrowing and repayment notices
  • Overseeing electronic signatures and approval processes
  • Processing monthly HST payments
  • Scheduling cash flows in treasury management system
  • Managing all routine electronic payments according to the established schedule including interest payments, unitholder distributions, payroll, etc.
  • Managing letters of credit, including renewals, reductions, and fee reconciliations
  • Resolving banking issues in coordination with financial institutions
  • Organizing and filing documentation related to completion of transactions
  • Reviewing and reconciling monthly interest expense on credit facility draws
  • Identifying and recommending areas of improvement to current cash management processes

Reporting

• Responsible for distributing daily morning economic updates from Bloomberg to internal stakeholders
• Responsible for preparing monthly volume-weighted average price (VWAP) calculations using Bloomberg data to support various groups
• Responsible for preparing month-end and quarter-end reports related to cash, FX, and treasury activities
• Leveraging the treasury management system’s analytics to enhance reporting accuracy and provide actionable insights is encouraged

Bank Account Management

• Managing all bank account information, including:
  • Opening new bank accounts and managing related documentation, signatures, and KYC requirements
  • Maintaining a global bank account database within the treasury management system
  • Managing North American electronic instruction databases
  • Updating authorized signatories and ensuring KYC compliance for all bank accounts
  • Tracking interest rates and arrangements for excess cash balances
  • Reviewing and reconciling monthly interest income and bank fees
  • Preparing audit confirmations for bank accounts
  • Organizing and maintaining all bank account documentation
• Staying informed on banking industry trends and rate changes

Vendor Management

• Supporting the vendor approval process for EFT information:
  • Conducting vendor callbacks to verify electronic payment instructions
  • Managing the vendor approval queue in Yardi
• Preparing ad hoc credit applications for vendors

Other

• Administering corporate card program including management of users and approval levels
• Participating in cross-functional initiatives and projects

Key Relationships

• Senior Manager, Treasury
• Senior Vice President (SVP), Finance
• Corporate Accounting Team
• Property Accounting Team
• Senior Director, Taxation
• Accounts Payable (AP) Coordinators
• Finance Teams in Dallas, Vienna and Amsterdam

Skills/Requirements

• Bachelor’s degree in finance, accounting or a related field is an asset
• General knowledge and experience in treasury, cash flow transaction support, and management of bank accounts is an asset
• Working knowledge of banking services (e.g. wire payments, ACH, EFT, bill payments)
• Proficiency with ERP and Treasury Systems (experience with Yardi Voyager and Kyriba is an asset)
• Advanced Excel skills and proficiency in MS Office Suite
• Strong organizational and time management skills, with the ability to meet tight deadlines
• High attention to detail and accuracy
• Driven, approachable and a collaborative team player with strong communication skills
• Communicative and adaptable team player that thrives in a dynamic environment

Key Characteristics

• Trust – ability to work and communicate with others honestly and openly
• Teamwork – ability to work with others for optimal shared outcomes
• Accountability – taking responsibility for one’s own actions and the needs of the group
• Stability – providing a stable and predictable environment for key stakeholders
• Nimbleness & Creativity – solving issues creatively, independently, and in a timely manner

Granite is committed to fostering an inclusive and accessible environment where all our employees feel respected. If you require accommodation during the hiring process, we will work with you to meet your needs upon request.