Full-time Treasury Analyst

Please Note: If you are a current Algonquin College employee apply to this job via the Workday application.

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Please note: jobs are posted until 11:59 pm on the job closing date.

Job Description:

Working as a member of the Operational Accounting Team and reporting to the Treasury Supervisor the incumbent is responsible for ensuring that all college bank accounts are fully reconciled on a monthly incumbent has responsibility for developing implementing and monitoring compliance to internal financial and operational controls and procedures as it relates to the Treasury function of the college. The incumbent will assist in preparing cash forecasts and in the management of cash position in order to meet the liquidity requirements of the college while maximizing investment incumbent will be responsible for staying current on new technologies and systems as they relate to the treasury function and will recommend and assist with the implementation of new technologies that will assist treasury incumbent acts as a treasury consultant to all areas of the college and will prepare treasury reports to meet the information needs of management and external stakeholders.

Duties and Responsibilities:

Bank Reconciliations

• Reconciles main College operating bank accounts on a daily basis;

• Reconciles other College bank accounts on a monthly basis;

• Prepares monthly bank reconciliation reports;

• Liaise with College departments and Colleges banking institution to investigate and

• resolve bank reconciliation discrepancies;

• Suggests and/or design improvements to the bank reconciliation process;

• Coordinates communicates and sets reconciliation deliverables for part-time staff members who are tasked with reconciliation duties.

Cash Management

• Helps in creating and maintaining ongoing cash forecast of the Colleges operating cash position;

• Assists in Providing cash flow forecasts to the investment advisor for the College;

• Assists in developing statistical models for forecasting current and short term liquidity

• requirements and recommends actions for investments and withdrawals;

• Prepares monthly reconciliations of the petty cash and operational floats maintained in

• the College departments;

• Performs period internal audits (as scheduled) on petty cash and operation floats

• maintained in College departments and provides updates to Management when

• significant changes occur;

• Suggests and implements (upon approval) improvements to the Colleges cash

• management policies and processes based on experience and industry best-practices;

• Develops cash reporting for monthly and quarterly reviews.

Financial Banking

• Monitors bank accounts on a daily basis for any unusual or fraudulent activity and

• investigates as required. Participates in the resolution of issues in conjunction with the

• Treasury Supervisor as required. Monitors bank balances in conjunction with cash flow

• forecast and ensures appropriate cash is available to meet College operating needs. Adjusts cash flow forecast as required;

• Obtains and disburses bank statements or other banking documentation to College staff

• and departments as needed;

• Performs banking activities such as stop payments account transfers and other

• transaction inquires or investigations as needed;

• Maintains a current listing of all point of sale merchant numbers and terminal ids used

• by the College;

• Liaise with College departments and Colleges merchant provider to support merchant

• functions as required by the College;

• Participates in RFP process to select new banking (and related) services as needed;

• Maintains up-to-date bank signatory list for all accounts.

Investment and Credit Management

• Monitors investment accounts and investigate any unusual or fraudulent activity;

• Assists in the preparation of quarterly investment reporting on investment activity and performance;

• Assists in the preparation of investment forecasting for budget preparation and periodic review;

• Liaises with the Colleges external investment manager to ensure that operating funds and Algonquin College endowment funds are invested to achieve maximum returns while in compliance with relevant College and Ministry Investment Policies;

• Monitors loan accounts and investigate any unusual or fraudulent activity;

• Prepares monthly balance sheet reconciliations for all loan accounts.

Reconciliation/Year End/Budgeting:

• Responsible for reconciling assigned balance sheet accounts on a scheduled basis;

• Participates in year-end reporting and audit preparation as required;

• Participates in budget preparation and budget review process as required;

• Prepares ad-hoc reports and analysis as required.

• Other duties as assigned.

Required Qualifications:

• Minimum three (3) year diploma/degree in Business Administration or Commerce;

• Must have Professional CPA Accounting Designation;

• Minimum of five (5) years progressive experience in Finance/Accounting area (preferred experience with complex bank reconciliations cash management bank management investment management year-end reporting and large ERP systems (Workday));

• Excellent verbal and written communication skills.

• Ability to work under pressure in a very busy office environment

Algonquin College values diversity and is an equal opportunity employer. We offer an inclusive work environment and encourage applications from all qualified individuals. If you require accommodation during the recruitment process please contact the Human Resources department at While we thank all those who apply only those to be interviewed will be contacted.