The Cash Management Officer is responsible for the preparation and processing of client disbursements, reconciliation and preparation of
client account statements and to assist with the control of cash management activities for TSX segregated accounts.
This role is hybrid (3 days/week in the office) - based in Toronto, ON.
Key Accountabilities:
- Prepare internal/external reports for distributions on funds held on behalf of clients
- Prepare daily cash report reflecting cash inflow and outflows.
- Prepare reconciliations of segregated accounts as the need arises.
- Preparation of Monthly Segregated Funds Report
- Populate segregated funds transactions in Workday on a daily basis.
- Prepare interest calculations on client segregated funds, as per documented agreements and obtain approval for disbursement of these funds
- Prepare disbursement calculations per documented agreements; manage the record-keeping and reconciliation of the dividend, interest, Corporate Trust and Corporate Actions payments
- Process scheduled and unscheduled disbursements and maintain related file documentation
- Prepare outgoing wire transfers and monitor incoming wire transfer activity
- Monitor Positive Pay exceptions from external banks and take corrective actions
- Work with other team members to implement changes to the banking, distribution, and reporting processes
- Manage the documentation process to ensure appropriate audit trail from account opening through closing of client accounts
- Maintain outgoing wire log and prepare cross border wire reporting to FINTRAC
- Assist with the preparation of year-end tax slips and reporting
Must Haves:
- 1-3+ years experience in a banking, trust or other complex cash management environment
- Preference for candidates with an accounting or finance background plus post-secondary degree
- Excellent written and verbal communication skills
- Strong proficiency with Excel is a key requirement
- Experience with payments, deposits and reconciliations
- Strong attention to detail as this team works with millions of transactions every single day.
Salary Range: 52,000/year -58,000/year CAD