Manager, Treasury

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The Ontario Medical Association (OMA) advocates for and supports doctors, seeking to strengthen their leadership role in caring for patients.

We continually seek to be the trusted voice in transforming Ontario’s health-care system by courageously pursuing best practices, new ideas, solutions, and opportunities to improve.

Job summary

This position is responsible for the oversight of the Finance Treasury Team operation; planning and developing OMA annual compensation budget;

Managing the OMA pension plans; advising the management on the OMA investment policy; monitoring the cashflow of OMA; and engaging a consistent and close business relationship with banker, investment dealers and credit card merchant account providers.

How you will make a difference

Responsible for developing the OMA annual compensation budget; developing and providing cost analyses in aid of budget development.

Reviewing accuracy and completeness before integration of the compensation budget to the operating budget plan. Formulating strategy to accommodate any budget changes, such as realignment.

Analyzing staff costs and provide forecast updates and commentaries for quarterly financial reports for all OMA departments.

Work closely with HR and Finance-reporting group to disseminate payroll information and provide management reporting and analysis.

Performing treasury function including advising the management of OMA investment policy, monitoring OMA cashflow, interest rate as well as managing the investment portfolio.

Provides cashflow analysis and develops OMA interest revenue budget.

Reviewing pension compliance reports prepared by Mercer and ensured timely filing with the government agency; review actuary valuation reports, advise on and implement any changes that impact the pension accounting treatment.

Prepare OMA pension fund financial statement for both defined benefit and defined contribution plans. Manage the OMA RCA plan.

Provide analysis and support to the annual external audit.

• Overseeing the bi-weekly payroll administration and AR, develops and coaches treasury staff including performance plans and evaluation.
• Liaison between OMA and Business partners; coordinate any new services and products implementation to ensure their delivery.
• Managing payroll tax returns, the issuance of T4 / T4As and Ts.

Requirements that are important to us

• University Degree in Commerce or equivalent
• Minimum 6-9 years of relevant experience
• Sufficient years of relevant experiences with a good understanding of overall financial operations.
• Providing efficient and sound problem solving skills.
• This position requires someone with broad knowledge of business functions such as financial statements, budget, payroll, investment and pension plan administration and accounting as well as cash flow.
• Pursuing a CPA accounting designation
• Very familiar with payroll functions specially in the payroll taxes and legislations
• Good knowledge and experience in Pension Plan including Defined Benefit, Defined Contribution and Retirement Compensation Arrangement.
• Understand various types of investments in financial marketing.
• Basic project management skills

The OMA has moved to a permanent hybrid work environment. As such, the individual in this position will be required to work a minimum number of days in our Toronto office.

What do we have to offer you?

• A work environment whose values are to be respectful, bold, responsive, and transparent in our work and our behaviours
• A fantastic opportunity to grow with the team and help shape the strategic direction of the OMA, its members and the health-care system
• An organization that is committed to the equity, diversity and inclusion principles of humility, accountability, collaboration, courage and integrity
• A commitment to growth and development through paid professional development and continuous in-house learning
• A friendly and flexible hybrid work environment
• Competitive salary and bonus program
• Exceptional group benefits package, including a spending account and a robust wellness program
• An organization that has been recognized as a for four consecutive years.

As a condition of employment, OMA conducts background checks and reference checks for all open positions.