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Cash Manager in Mississauga at Revera

Date Posted: 2/15/2018

Job Snapshot

Job Description

Division: Support Office

Site: Revera Inc.

Site Address: Revera Inc, 5015 Spectrum Way, Mississauga, ON, L4W 0E3

Employment Type: Full Time

Expiration Date: 17/03/2018

 


Reporting to the Senior Treasury Manager, the Cash Manager ensures adequate liquidity of working capital and investment funding or borrowing requirements through accurate reporting of the daily cash position, prepares the daily cash forecast, prepares monthly reporting of lines of credit, cash and liquidity position, fund movements, monitors and manages the fund flows through the global banking system for daily operational needs as well as special projects, investments and initiatives. 

In addition, this role manages the cash management and funding needs of partnerships and joint ventures, handles the renewal of short term borrowings, manages and administers the Treasury Management System, monitors undertakings and carries out other duties while adhering to departmental policies and procedures, operational controls and standards.

 Key Responsibilities 

  • Daily cash management

    • Monitor bank accounts;
    • Track cash movements;
    • Ensure proper funding of mirror and standalone accounts;
    • Set up wires, Inter-Account Transfers through the bank website or the Treasury
    • Management System (TMS) - ensure proper back up and approvals are available;
    • Recommend money market and short-term investments of surplus cash
    • Processing of monthly intercompany transfers;
    • Provide back up for daily cash movements;
    • Maintain schedule of loan maturities and rollovers;
    • Maintain schedule of FX trades and upcoming hedge settlements; Ensure proper hedge settlements (timely and accurate fund movements);
    • Recommend spot trades to Senior Treasury Manager;
    • Maintain schedule of EFT daylight limits, daily fund transfer limits, wire cut off times and any related restrictions;

     Treasury Management System (Treasury Workstation)

    • System administrator for TMS;
    • Maintain daily cash worksheet in TMS;
    • Maintain/update rules for journal entry generation;

     Daily cashflow forecasting

    • Prepare daily cashflow forecast on a rolling monthly basis;
    • Work closely with the Treasury Analyst - Reporting to ensure the daily cashflow and quarterly cashflow forecasts are aligned;

     Interaction with banks

    • System administrator for banks;
    • Main bank contact for day-to-day matters and issue resolution;

     New cash management setup for Acquisitions, JVs, etc.

    • Treasury lead on new cash management setups needed for Acquisitions, JVs and partnerships;
    • Conduit between banks and Revera teams (Payroll, Accounting, AR, AP) for EFT, CFP testing and bank account openings;

     Audit

    • Work with Internal, External and Partner auditors to satisfy cash management audit requirements;

     Other

    • Recommend and implement ongoing cash management process changes, improvements and review opportunities for time savings and efficiencies regarding banking issues and corporate functional areas;
    • Perform all other duties as assigned;
    • To uphold and promote the organization’s values and philosophy relating particularly to ethics, morality, and integrity as set out in Revera’s Code of Conduct.

 

Qualifications

  • Bachelor's degree in Business/Finance/Accounting
  • MBA/CMA would be an asset
  • 5+ years of relevant experience
  • 1-2 years in a supervisor/managerial capacity in the Treasury/Finance department of a medium asset
  • Highly organized and detail oriented with excellent multi-tasking and problem-solving skills
  • Someone who can work independently and in a team environment
  • Excellent communication and interpersonal skills
  • Positive attitude with a "can do" approach to finding solutions
  • Dedication to exceptional performance
  • Ability to adapt enthusiastically to change