Finance and Reserve Specialist (Corporate Finance Treasury Specialist)
Finance and Reserve Specialist (Corporate Finance Treasury Specialist)
Posted on :
21-06-2025
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1 Vacancy
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Job Description
Description
ABOUT US
Almost 1.2 million residents call York Region home making it one of the largest regions in Canada and the fastest growing with a population thats expected to grow to more than 2 million by 2041. Our geography which is comprised of about 1800 square kilometers over nine different municipalities is as beautiful interesting and diverse as our government is organized in a two-tier structure and we work together with our local municipalities to provide residents and businesses access to a broad selection of services and resources.
WHAT WE OFFER
Consistently named one of Canadas Best Employers by Forbes we offer a collaborative progressive workplace that takes pride in our organizational culture and is committed to living The 13 Factors of Psychological Health and Safety in the Workplace aligned with our vision to create strong caring and safe communities both within and outside our walls.
- Defined Benefit Pension Program - With the Ontario Municipality Employees Retirement System (OMERS) defined benefit pension plan you can confidently retire knowing that you will have income for life. Eligibility from date of hire as a full-time employee and includes employer-matched contributions.
- Employer of Choice - Recognized as the highest-ranking government employer in Canada and fourth overall among 300 organizations.
- Benefits and Wellness - Employees and their loved ones have access to a comprehensive employer-paid benefits plan that includes extended health dental and life insurance access to a 24/7 Employee and Family Assistance Programand corporate discounts and purchase plans for day-to-day products and services.
- Inclusive and Diverse Workforce - Were committed to fostering an environment that celebrates all dimensions of diversity and ensures everyone can develop to their full potential participate freely in society and live with respect dignity and freedom from discrimination. Our robust Inclusion Diversity Equity and Accessibility program continues to grow and has been recognized by the United Nations and many other organizations for our leadership.
ABOUT THE ROLE
Reporting to the Supervisor Debt and Investor Relations is responsible for supporting a comprehensive and integrated funding strategy for the Regions capital program that optimizes the use of debt and reserves; administering current and future financial obligations; assisting with investors and credit rating agencies; and supporting the development of related policies.
WHAT YOULL BE DOING
- Develops financial models with respect to the Regions Long-Term Debt Strategy optimizing the use of development charges tax levy user rates and reserves including the impact of other funding.
- Develops multi-year capital funding models for 10 and 20-year forecast periods that optimize the available debt capacity reserves and other funding sources.
- Analyzes and presents the results of findings and prepares recommendations for optimized funding to support York Regions capital plan.
- Compares debt positions with peer municipalities; identifies calculates and recommends appropriate benchmarks and/or best practices relating to municipal debt programs.
- Analyzes the requirements of existing reserves to determine adequacy; proposes appropriate reserve targets and funding strategies; determines the need for new reserves and/or the collapse of existing reserves.
- Forecasts multi-year reserve balances and models long-term cashflow requirements for the Region to assist in the Corporate budget process and provide investment term guidelines for portfolio management purposes.
- Develops financial models required for the development of the annual Long-Term and other Financial Obligations Management Plan (Debt Management Plan) including an examination of the risk and mitigations.
- Develops presentations for potential investors of the Regions debentures.
- Communicates and coordinates with internal Departments and external institutions municipalities lawyers bond rating agencies investors vendors and service providers in the execution of borrowing lending and negotiating functions.
- Participates on inter-governmental committees as a Regional representative providing leadership and guidance on financing and reserve management issues.
- Performs other duties as assigned in accordance with Branch and Department objectives.
WHAT WERE LOOKING FOR
- Successful completion of a Masters Degree in Finance Business Administration Mathematics or Economics or a Chartered Financial Analyst or Chartered Accountant designation or an approved equivalent combination of education and experience.
- Minimum five (5) years financial experience in a large multi-divisional organization including experience in financial analysis and forecasting as well as project management.
- Demonstrated experience in writing analytical reports/studies including the ability to identify problems analyze and interpret data and make and defend recommendations from the results of studies.
- Demonstrated experience in the analysis design and creation of computerized financial models.
- Thorough understanding of accounting principles.
- Knowledge of provincial and municipal statutes and regulations pertaining to debt issuance establishment of reserves and governance issues including the ability to interpret and explain complex legislation.
- Sound knowledge of financing principles and practices and the workings of domestic capital markets.
- Knowledge of and demonstrated ability in corporate core competencies including customer service communication teamwork initiative
Required Experience:
Unclear Seniority
Employment Type
Full Time
Key Skills
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