Job Description

OUR COMPANY BACKGROUND & CULTURE
The UPP is a new, jointly sponsored pension plan that serves all active, retired, and deferred members and beneficiaries of the six current pension plans of the participating institutions - Queen's University, the University of Guelph, the University of Toronto, and Trent University. UPP serves more than 35,000 members and manages assets of approximately $10.5 billion. The UPP is an exciting and ground-breaking pension start-up, intended to help enhance the long-term sustainability of defined benefit pension plans in the university sector for generations to come. Drawing on the decades of experience of our predecessors, our commitment is to protect the stability of our members' pensions and deliver service excellence to our members and employers.
Our people drive performance. We live a commitment to diversity, equity, and inclusion - across race, place, gender expression, sexual identity, and cultures. The ability to bring your whole self to work drives performance. We actively look for talent that shares this commitment to inclusion and connectedness.*
THE ROLE*
This is a fantastic opportunity for an experienced analyst to join a team of high performing professionals to make a great impact. We are looking for a subject matter expert in cash management and forecasting.Reporting directly to the Director, Cash Operations you will be responsible for preparing daily cash forecasts, monitoring cash balances across multiple banks and accounts, and ensuring the timely settlement of cash transfers, payments and receipts. This position will work closely with Investment and Investment Operations teams to monitor plan liquidity and help support the Pension Contribution and Benefit Payment processes with the Pension Services team. As Senior Analyst, you will assist in the implementation of appropriate cash management strategies and plans. The Senior Analyst will develop working relationships internally and externally with vendors such as banks, custodians and brokers to deliver daily reports and project deliverables. Errors in judgement could have an impact on the plan's cash availability and rates of return.As a part of a start-up organization, the Senior Analyst will be required to assist in developing key processes and controls for the Cash Operations function and subsequently scale the activities as the organization grows. This role requires collaboration with other members within UPP's Investment, Investment Operations and Pension Services teams and the individual will be expected to establish close working relationships with key stakeholders.UPP has adopted a Hybrid Work Model which allows staff the flexibility to work remotely with the opportunity to work in person at the office ~2 days a week. Our office is located in downtown Toronto.SPECIFIC ACCOUNTABILITIES
The Senior Analyst, Cash Operations will be responsible for a variety of duties, including but not limited to the following:Investment Reporting:

• Prepare accurate and timely analysis of cash flows on a daily / monthly / quarterly / yearly basis and investigate any discrepancies
• Prepare both short- and long-term cash flow reporting and analysis
• Ensure cash items are tracked and reconciled in a timely manner

• Prepare monthly and year-end working papers with appropriate analysis and supporting documentation for annual financial reporting and audit purposes
• Develop and implement solutions to facilitate ongoing internal and external reporting effectively

• Conduct ad-hoc reporting and analysis to support key cash operations decisions

• Working closely with the UPP Treasury team, support proactive management of cash balances including identifying overdraft and surplus funds situations
• Manage inter-account/fund cash requirements
• Execution of cash transfers, wire payments and ensure timely settlement
• Support the day-to-day cash operations, review and controls
• Ensure accurate maintenance of multi-currency bank accounts and balances
• Manage day-to-day custody and investment-related banking relationships and requirements
• Maintain and improve current cash operations processes with a focus on overall process improvements, automation, and implementation of efficiencies as appropriate
• Maintain internal and external settlement instructions and set-up wire templates in banking applications
• Prepare daily and monthly bank reconciliations and investigate any discrepancies

• Proactively identify inefficiencies/gaps in operational controls, processes and reconciliations and formulate recommendations, including implementing improvements
• Effectively communicate with internal business partners and external fund managers, including email monitoring for shared mailbox and tracking/escalating critical items

• Ensure cash related transactions are in compliance with investment policies and authority frameworks.

• Ensure all accounts are current and up-to-date and any breaks are cleared within 5 days with issue details identified within 1 day of break identification.
• Conduct regular reviews of aged trade and income receivables to ensure timely receipt of cash

• Coordinate and assist with internal and external audit(s)

• Evaluate new investment types and strategies and implications to cash operations

• Collaborate with internal stakeholders on project tasks and ad-hoc requests
• Contribute to other UPP wide functional and enterprise projects, as assigned

• Bachelor of Commerce, Finance, Accounting, Economics, or related field. A professional designation (e.g., CPA, CFA, CTP) is an asset
• 3+ years' work experience in treasury/cash management
• Experience with cash forecasting and global payments
• Strong knowledge of accounting practices, principles, and internal control requirements, including knowledge of capital markets, investment products, trade processing and settlement as they relate to cash activities
• Advanced proficiency in MS Office Applications (i.e. Excel, PowerPoint, Word) is required

• Thorough with strong attention to detail, as errors could have an impact on cash availability.
• Self-motivated, flexible, and adaptable to changing priorities and new challenges
• Strong commitment to innovation and continuous improvement
• Ability to work independently and collaborate in a team environment
• Proactive to take a hands-on approach to learn about current processes to automate, and formulate recommendations to improve efficiency and shape future state
• Excellent time management and organizational skills and prioritize to effectively manage tasks to completion within required timeframes
• Excellent analytical, reasoning, and problem-solving skills
• Strong organizational and planning skills
• Persuasive and confident communicator, both oral and written
• Able to work in a multi-faceted stakeholder environment with political awareness and diplomacy