Banking Administrator

CAA Club Group • Markham, ON

3d

About The Position

At CAA Club Group, we are passionate about keeping our Members safe - whether they are on the road, at home, or travelling abroad. As a trusted Member-based organization, we provide products and services that are essential to Members’ safety and peace of mind. With over 2.6 million Members across Ontario and Manitoba, we advocate on issues such road safety and infrastructure, the environment, seniors’ mobility, and consumer protection. Associates share in each other’s successes, drive change and support each other while cultivating a great working environment to deliver on what is best for our Members. CAA Club Group is a member of the CAA Club Group of Companies.

Are you ready to join an award-winning, purpose-driven culture? Welcome to the CAA Club Group of Companies (CCG), where purpose leads to passion!At CCG, we are committed to delivering an exceptional Associate experience. We offer:
• Work-life harmony with access to an award-winning holistic wellness program,
• Continuous learning through our robust corporate curriculum and education reimbursement program,
• Incredible rewards, travel incentives, and product and service discounts,
• Pay-for-performance and best-in-class recognition programs, and
• Competitive benefits that include a defined contribution plan, personal spending account, and so much more.
Join our growing team where everyone belongs!

Requirements

• Undergraduate degree in Finance or related fields.
• Minimum 2 years in a banking or finance related role.
• Problem solver: should be able to investigate request from internal and external stakeholders on banking and related transactional issues
• Time management: will be juggling many daily tasks as well as ad hoc requests. This will require follow up from various parties at later dates.
• Critical thinker: When completing the cash flow there will be a component of variance analysis. These variances if outside the allowable threshold will need to be investigated and reported to leadership.
• Communication: Will be working with various parties internally within finance and external within CAA. Will also be closely interacting with representatives from our FI, Merchant service provider, and corporate credit card provider.

Responsibilities

• Produce daily reporting for the finance leadership team which includes cash health of all accounts (CAD/USD/EUR), outstanding cheque balances and other significant transactions.
• Conduct variance analysis on actual cash movements and investigate any variance over the allowable threshold and report finding to Treasury analyst and Manager.
• Monitor and physically facilitate daily cash transactions to ensure that cash accounts are always positive and identify excess cash available for investment.
• Evaluate any ongoing material differences between forecasted numbers.
• Based on operational requirements make recommendations on purchases of foreign currency.
• Prepare monthly bank reconciliations for all CAA Club group companies.
• Investigate reconciling items with external members of CCG including other finance teams and Membership admin team.
• Responsible for reconciliation and re-disbursement of credit card fees incurred by CAA Services to other companies within CCG.
• Prepare corporate allocations report and store deposit disbursement report on a monthly basis after month end.
• Using current and future projected cash positions and significant transactions make recommendations for physical movement of cash between entities.
• Execute cheque deposits for Head Office. This includes retail, insurance, and membership payments.
• Booking entries into SAP.
• Manage post-dated cheques and apply payments when required.
• Prepare and execute all internal transfers for operational funding and Pension management.

Benefits

• Work-life harmony with access to an award-winning holistic wellness program
• Continuous learning through our robust corporate curriculum and education reimbursement program
• Incredible rewards, travel incentives, and product and service discounts
• Pay-for-performance and best-in-class recognition programs
• Competitive benefits that include a defined contribution plan, personal spending account, and so much more

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level