Financial Analyst – Cash Management

finance & treasury business & economic development
Location: County of Norfolk, ON
Type: full-time
Posted On: Jul 8, 2019
Closing Date: Jul 22, 2019

Position: Financial Analyst – Cash Management
Status: Permanent Full Time
Employee Group: CUPE Local 4700
Salary: $27.73 - $34.67 per hour
Division: Financial Services
Department: Financial Planning and Reporting 
Reports to: Manager, Financial Planning and Reporting
Location: Simcoe
Posting Period: July 8, 2019 – July 22, 2019
Norfolk Employment

How to apply:
Follow the link below for the application process:
Basic Function:
  • Overall, to anticipate, measure and monitor the County’s cash flow, investments and short-term borrowing to maximize revenue generation and minimize borrowing costs; through an effective, focused investment strategy, within provisions of County’s Investment Policy
  • On a daily basis:
  • Verify, analyze and reconcile daily bank balances with daily cash flow
  • Maintain detailed analysis of the County’s daily cash receipts and disbursements
  • Provide Treasurer with daily update on bank balances and daily cash requirements
Knowledge and Experience:
  • Four year university Undergraduate Degree in Business Administration, Accounting, Commerce or related discipline is required
  • Professional Accounting Designation from Chartered Professional Accountants Association (CPA) or enrolment within three months of hire in the program to achieve a designation within the prescribed policy of the CPA is required.
  • At least two years up to three years current related experience, or equivalent to the above
  • Demonstrated knowledge of fundamentals of cash management, short and long term investments and long-term debenture financing
  • Proven analytical and evaluation skills, proficiency in developing financial models and financial reporting
  • Experience within an Ontario municipal environment is preferred
Skills and Abilities:
  • Demonstrated ability to communicate effectively and concisely, both orally and in writing
  • Ability to work under pressure, adapt to changing priorities, meet strict deadlines and deal with interruptions
  • Ability to work independently and in a team environment
  • Knowledge and understanding of legislative framework and understanding of municipal government operations, specifically finance principles and practices
  • Knowledge and understanding of general accounting principles, including ability to monitor accounts, maintain routine financial records, prepare meaningful financial reports
  • Proven tact and persuasiveness.
  • Effective organization and time management skills
  • Valid Ontario driver’s license and access to a reliable vehicle
  • Computer expertise in corporate standard software (Microsoft Office) and department specific software to data search and entry and to create and modify word processed documents
  • Must be aware of safe work practices as they relate to job responsibilities and work environment, and have the basic understanding of the Occupational Health and Safety Act
Position Description:
  • Develop and maintain detailed cash flow forecasts on a weekly and monthly basis, including:
  • Projections of daily cash receipts and disbursements
  • Payments to external agencies – school boards, payments on long-term debt
  • Proceeds from maturity of short-term investments, repayment of short-term borrowing
  • Projections of spending on capital projects, including tender awards and contracts
  • Receipt of funds from applications for grants and subsidies
  • Cash flow projections for Reserves and Reserve Funds
  • Develop and maintain detailed analysis of long-term cash flow projections for Reserves and Reserve Funds
  • Provide Treasurer with analysis of surplus funds available for short- and long-term investment purposes
  • Research and provide options for short and long-term investments
  • Complete documentation for investment and loan transactions following established procedures
  • Maintain accurate records of short-term and long term investments and short-term borrowing
  • Monitor County’s investments to ensure transactions are in accordance with County’s Investment Policy
  • Completes the appropriate accounting entries for internal/external investments and borrowing
  • Prepare annual and periodic reports regarding investment transactions and investment performance
  • Liaise with external auditors relating to the County’s short- and long-term investments, short-term borrowing
  • Keep up-to-date with information relevant to investments and borowing, updating Treasurer with all major changes
  • Monitor changes in provincial legislation and regulations as it relates to investments and recommend updates to County’s Investment Policy as appropriate
  • Complete arrangements for wire transfers and foreign currency payments as needed
  • Administer Trust Funds and Trust Accounts
  • Assist in compiling documentation for long term debt issuance
  • Performs other related duties as assigned. 

The Corporation of Norfolk County is an equal opportunity employer. Accessibility accommodations are available for all parts of the recruitment process. Applicants need to make their needs known in advance.
Successful applicants are required to provide the Employer with a current Criminal Record Check, including a Vulnerable Sector where required and verification of education.
Thank you for your interest in this position. Only those to be interviewed will be contacted.