Manager of Treasury

The Manager, Treasury and Accounting will lead the day-to-day treasury activities, cash management, banking relationship and transaction processing related to cash inflow and outflow of the organization. This is performed through the management of back-office settlement process, managing cash receipts/payment and bank reconciliation in compliance with regulatory standards. The role will be responsible for maintaining accurate cash flow forecast, investment portfolio analysis and supporting key treasury administrative functions like procure to pay, property acquisition payments, endowment management. The Manager, reporting to the Director of Corporate Finance, is responsible for supervising a team of direct reports. The Manager acts as a trusted advisor to operating units, regional teams.

Responsibilities of the Manager of Treasury is as follows but not limited to:

• 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 cash position, calculate liquidity metrics, and LT endowment capacity (LTEC) position to inform and optimize funding strategy decisions
• Manage forex conversions (US funds) when required.
• Ensure all bank accounts are reconciled in a timely manner
• Ensure timely recording of movements in the 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 the 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 brokerage account.
• Oversee timely and accurate processing of direct revenue in Financial Edge to ensure entries are recorded per GAAP, policies and CRA regulations.
• Exercise judgement to identify, diagnose and review land, endowment and internal and external loan related entries and payments. Responsible for ensuring external and internal loan drawdowns and repayments are completed in a timely manner. Provides 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 the CFO/VPCS 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 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.
• Oversee staff development, hiring and performance evaluations.
• Act as subject matter experts in Treasury and payment stream to identify opportunities to streamline process and address business issues in ERP implementations

TMGNY

Requirements

• University degree or college diploma in a related field (B. Comm, MBA)
• 5+ years management experience (preferably with a Not-for-profit organization)
• CPA Certification (Chartered Professional Accountant)
• Understanding of financial modeling
• Experience working independently and regularly handling non-routine situations
• Endowment management understanding of investment mutualization, and portfolio management
• Capability to independently learn new systems/technology
• Experience with citizen developer tools like Power Apps and Power BI

Additional Information:

The Mason Group is committed to fostering a diverse, inclusive, and accessible recruitment process. We welcome applicants from all qualified candidates. Accommodations are available upon request for candidates participating in all stages of the recruitment process, in accordance with the Accessibility for Ontarians with Disabilities Act (AODA).

This role is for an immediate vacancy, and we are actively hiring.