Treasury Associate

MCAP•Toronto, ON

7d•CA$55,000 - CA$65,000•Onsite

About The Position

This position is responsible for the day-to-day cash activities of the Company, which includes cash management, reconciliations, investor servicing and reporting of daily warehouse funding. The cash management component of this role is comprised of managing corporate cash requirements, monitoring the excess liquidity position and trust bank accounts, reconciliation, and settlement of intercompany balances and cash transactions and the recording of all related entries. The reconciliation component includes the timely and accurate reconciliation of the trust bank and clearing accounts and investor general ledger accounts. Warehouse funding reports include the warehouse funding and projection reports and the Prime BA/CORRA rate sheets which are used in the management of the daily warehouse borrowing. This position will also be exposed to reports to senior management. Investor Servicing includes investor setup, daily loan sales and settlement, recording of investors/lenders fees and deposits and certain investor settlement and recording of entries.

Requirements

Ability to work effectively within a team environment, carries out duties with integrity and assumes ownership and accountability
Professional with a strong work ethic and excellent time management skills
Ability to manage multiple and complex tasks in a fast-paced environment with competing priorities and deadlines
Self-starter and results oriented with excellent attention to detail
Ability to understand banking/borrowing concepts
Basic Excel skills
Basic accounting skills
Excellent interpersonal and communication skills
Proven ability to foster relationships and collaborate with team members
Post secondary degree or diploma in business (Finance/Accounting/Math preferred)

Responsibilities

Forecasting all corporate cash requirements, settlement and recording of cash transactions
Excess liquidity analysis
Intercompany balance reconciliation and settlement
Monthly bank charge and compensation analysis
Reconciliation of the trust bank and clearing accounts and investor general ledger accounts, recording of related entries and reporting
Follow up and resolve all reconciling items in a timely manner
Obtain the daily actual mortgage funding and compare to projections to determine additional liquidity requirement for end of day
Prepare the daily interest rate comparison between BA/Corra and Prime rates
Update the mortgage commitment and BA analysis to assist in cost of borrowing decisions
Prepare and analyze weekly Treasury reports to senior management including but not limited to Cash Forecast and ALCO WH Reporting
Reconciliation of portfolio specific loans including remittances and continuity of balances.
Settlement of the MBS payments and recording of entries.
Daily maturity, renewal and warehouse sales and settlement entries.
Monitor and record investors’ deposits.
Record investors and lenders fees.
Investor setup and maintenance
Manage a credit facility for daily collateral replacement.
Manage a cash secured LC facility.
Exposure to the Treasury Analyst tasks.
Continuously identify and recommend automated processes and solutions.
Provide data to support internal and external audits and other compliance initiatives.
Other tasks as assigned.