Job Description

Supervisor, Treasury


Job Number: 2396

Job Type: Full-Time

Temp Contract Length:

Location: 150 Frederick St - Regional Admin Headquarters

Job Category: Financial

Number of Positions: 1

Department: Cash Management and Investments

Division: Corporate Services

Hours of Work: 35

Union: Management/Management Support

Grade: Management/Management Support Grade 07

Salary Range: $102,120.20 - $127,654.80 per year


About Us!



The Region of Waterloo is a thriving, diverse community committed to fostering opportunities for current and future generations. Home to over 674,000 residents and expected to grow to nearly one million by 2051. Guided by our 2023-2027 Strategic Plan, "Growing with Care," we focus on equity, inclusion, and sustainability. Our mission is to provide essential services that enhance the quality of life for all residents, while our core values emphasize caring for people and the land we share. Join us and be part of a team dedicated to making a meaningful difference in our community.



Dish with One Spoon Wampum:
Waterloo Region is part of the Dish with One Spoon wampum, a treaty guiding our commitment to:
• Recognizing our shared humanity and land
• Taking only what we need
• Leaving some for others
• Keeping the dish clean


This agreement underpins our vision, mission, and core values, and reinforces our dedication to meaningful reconciliation and equity.
The Role

Supervises and administers the corporate cash management, debt, and investment functions for the Region and its local boards, including banking arrangements, investments, short-term borrowing, and debenture in support of capital programs. Oversees the sinking fund. Develops related policies.
Duties/Responsibilities
• Supervises accounting specialists and clerks.
• Supervises and administers corporate banking and cash management programs, and related services. Supervises day-to-day operations (e.g., bank reconciliations, stop payments, coin orders). Assists the Manager with banking services to regional departments and local boards. Assists in the review and analysis of corporate banking services to ensure operational needs and regulatory requirements are met. Oversees wire payments, foreign currency, and e-transfer payment processes.
• Prepares base operating budget for corporate financial items relating to cash management, investment, and debenture cost accounts, including projecting financial impacts.
• Supervises the preparation of the Region's cash flow projections, including monthly reconciliations and internal reporting. Determines/recommends the need for short term investing and borrowing, for Manager approval as required. Maintains records.
• Supervises the administration of debenture issues for financing capital programs for the Region and area municipalities, per legislative requirements (e.g., accounting entries, payment schedules). Oversees documentation processes for regional debenture issues on behalf of the Region and area municipalities. Analyzes, verifies, and reconciles debenture issuance activities, and communicates final costs to financial analysts and area municipalities. Prepares reports for the Administration and Finance Committee and council related to debenture issues. Supervises the preparation of year end entries and information for financial statements and surveys on the Region's investment portfolio, and responds to auditors as required.
• Maintains the electronic debenture system and related debenture documents. Ensures debenture payments are paid according to schedules.
• Leads the preparation of the Region's economic profile for annual credit rating reviews used to market debentures.
• Supervises the administration of corporate investments, including general portfolio and sinking funds (e.g., monthly reconciliations, documentation, policy compliance). Prepares reports for the Administration and Finance Committee related to investment activities. Researches and assesses investment opportunities (approximately $30M/year), for management approval, and executes trades within specified parameters.
• Coordinates year-end audit requirements for banking, investments, debt, and sinking fund functions, including entries and reconciliations for financial statements, sinking fund surplus and deficiency analysis, and the financial information return (FIR) for the team. Responds to auditor inquiries as required.
• Represents the Region in provincial benchmarking initiatives. Prepares quarterly data/reporting for performance measurement program, benchmarking, and departmental targets.
• Oversees revenue accounting for regional programs, ensuring reconciliation with program areas and general bank account (approximately $80M/month). Oversees reconciliation of monthly sales and revenue information from systems/terminals and bank accounts, and provides calculations and analysis.
• Oversees the Region's retail management system. Develops, implements, and maintains payment systems, ensuring client departments comply with system requirements. Supervises related training. Provides updates and advice on system upgrades. Investigates and resolves system issues and makes procedural recommendations to the manager. Participates on system development/ enhancement project teams as required. Backs up the Supervisor of Accounts Receivable and General Revenue for oversight of corporate point-of-sale terminal activity (e.g., upgrades, additions, changes to payment processing).
Additional Duties/Responsibilities
• Oversees the development and maintenance of electronic forms for the Division, including payment process, in compliance with point-of-sale merchant agreements.
• Oversees the safekeeping of the Region's letters of credit.
• Oversees records retention for the Division in compliance with corporate procedures.
• Analyzes, interprets, and communicates financial information, including developing forecasts, summaries, cost-benefit analysis, fees/charges, and continuity schedules.
• Prepares detailed financial analyses to determine the impact of policy/legislative changes on programs and makes financial policy recommendations to senior management.
• Provides financial information, analyses, recommendations, and advice to clients, senior management, and council through report development and review, and as part of project teams with senior management, area municipalities, and other stakeholders (e.g., the Province).
• Participates on special project teams, as required.
• Participates as a financial representative on the management negotiating team for collective agreements to analyze financial impacts of proposals.
• Exchanges information with staff from area municipalities, the federal and provincial governments, and other municipalities. Responds to inquiries from external auditors, developers, and lawyers.
• Authorizes purchase orders, invoices, and cheque requisitions, within approved limits. Reviews expenditures over $10,000 for compliance before payment. Reviews and makes recommendations on system needs.
• Backs up the Manager and other management staff as required.
• Performs related duties as required.
Knowledge, Skills, and Abilities
• Knowledge and skills are normally acquired through a related Bachelor's degree, plus progressively responsible related experience applying principles and techniques related to cost/benefit analysis and forecasting.
• Must have a professional accounting designation (CPA).
• Knowledge of cash management, investing, debt, budgeting, management control systems, planning and accounting principles.
• Knowledge of and ability to comply with policies, procedures, collective agreements, generally accepted accounting principles, and related legislation (e.g., financial management, purchasing, municipal, development charges, public sector accounting board).
• Analytical, problem solving, and continuous improvement skills to plan and develop objectives; conduct analyses and make recommendations and decisions on cash management, investing, debt, and other financial issues; and provide input on unusual, complex issues in consultation with senior management.
• Leadership skills to supervise, train, develop, motivate, and support staff.
• Human relations and communication skills to share complex, politically sensitive information with stakeholders; obtain and promote client cooperation when exercising financial control; assist clients to adapt to legislation and regulations; conduct presentations and training; respond to questions and concerns; and participate as an effective team member.
• Ability to read and interpret council and committee reports, legislation, guidelines, technical proposals, policies, by-laws, banking and investment agreements, and legal/funding agreements.
• Ability to write clear, concise letters and reports to management, committee, council, and external stakeholders regarding investment and debt legislation, financial updates, and budget information.
• Ability to draft and provide input into by-laws and legal agreements as required.
• Computer skills with ability to use software such as Microsoft Office and financial information systems. Ability to develop financial models.
• Must provide an acceptable police records check for bondability.
• Ability to travel within and occasionally outside Waterloo Region.
• Ability to support and demonstrate the Region's values.


The Region of Waterloo is an equal opportunity employer committed to an inclusive, barrier-free recruitment and selection process. The Region of Waterloo invites applications from all qualified individuals. We are strongly committed to employment equity, diversity and inclusion in the workplace and encourage applications from Black, racialized/visible minorities, Indigenous/Aboriginal people, women, persons with disabilities, and 2SLGBTQIA+ persons.
The Region of Waterloo is committed to providing accommodations throughout the recruitment process. If you require an accommodation, please notify us and we will work with you to meet your needs. Alternate formats of this document are available upon request. Please contact the Service First Contact Centre at phone number (519) 575-4400, TTY number (519-575-4608) to request an alternate format.



Please note: candidates will be provided an update on their application. Please check your spam or junk folder occasionally as some candidates have noticed our emails in those folders (Gmail and Hotmail in particular).