Manager, Cash Forecasting and Bank Integrations

Company Description

Momentum Financial Services is a leading provider of financial services in North America. For 40 years, we've been committed to providing financial solutions that meet the evolving needs of consumers and business owners.

Through our retail network of over 400 locations, known as Moneymart, Insta Cheques and the Cheque Cashing store, we provide access to cash and related products to help our customers achieve their goals.

Our highly skilled workforce puts customers first in everything we do. We serve 2 million people annually with diverse and innovative financial products such as loans, cheque cashing, money transfer and prepaid cards.

Through this ever-evolving suite of services, we empower customers to manage their finances and improve their lives. Wherever customers are on their financial journey, Momentum Financial Services Group provides solutions.

Corporate

Job Description

GENERAL FUNCTION

The Cash Manager is responsible for all aspects of the cash management function, including the development and management of systems for the effective collection of revenues and payment of obligations.

Responsible for ensuring designated cash processing, reconciliation and reporting functions are completed in a timely manner while in compliance with policy and regulations.

DUTIES / RESPONSIBILITIES

• Directs cash management operations, which includes daily cash administration, required reporting, management of current accounts and bank relations.
• Reviews and drives improvements in cash management, ensuring financial obligations are met in accordance with policies and procedures.
• Ensures Treasury policies and procedures, particularly as they apply to cash management, remain accurate and complete.
• Participates in the calculation, monitoring and reporting of liquidity and financial covenants.
• Completes all cash management set-up documentation for new and existing department processes; prepares correspondence and proposals directed to and for cash management.
• Manages on-going projects such as bank fee analysis, liquidity gap analysis, liquidity forecasting and optimal cash management.
• Monitors and forecasts cash flows to optimize cash resources, minimize borrowing costs and executes borrowing requests as needed.
• Utilize existing Treasury workstation to re-engineer cash management processes for efficiency and streamline reporting.
• Monitors cash transactions to ensure bank account balances reconcile to reporting and any unusual items are investigated.
• Develops and reports short and intermediate term global cash forecasts, including forecasts for debt and investment levels.

Coordinates input and follows up with the Financial Planning and Analysis team and business unit controllers.

• Works with Project Managers, Project Controllers and Sales Department to accurately forecast timing and amount of future cash flows over short term and longer-term time horizons.
• Supports ad hoc projects, which may include funding, liquidity and cash management.

Qualifications

EDUCATION

Bachelor’s degree in finance or accounting. MBA, CPA / CA and / or CTP preferred.

EXPERIENCE

• Min 5 years’ experience in Finance or Accounting, with a strong background in Treasury.
• Financial services-related experience with exposure to cash management, Treasury reporting and forecasting preferred.

SKILLS

• In-depth knowledge of financial statements and financial statement analysis, including the ability to analyze cash flow and assess liquidity needs and gaps.
• Familiarity with bank cash management systems.
• Highly proficient with Excel (, complex formulas, macros, pivot tables). Familiarity and experience using visualization tools (, Power BI, Tableau).
• Capable of managing and analyzing larger data sets and optimizing processes for efficiency.
• Excellent oral and written communication skills, with the ability to articulate and simplify complex issues.
• Pro-actively manages time and deliverables effectively, collaborates and communicates well, displays a positive attitude and is capable of coordinating tasks with a diverse group of internal and external stakeholders.
• Strong planning, organizational, decision-making, interpersonal, and analytical skills

Additional Information

All your information will be kept confidential according to EEO guidelines.