Website The Regional Municipality of York
|Qualification||Successful completion of a Master’s Degree in Business Administration, Mathematics, or Economics, or a Chartered Accountant designation or an approved equivalent combination of education and experience.|
|Employment Type||Full Time|
|Work Hours||8 Hours|
|Salary||CAD 60 To CAD 66 Per Hour|
Reporting to the Manager, Financing and Reserves, is responsible for supporting a comprehensive and integrated funding strategy for the Region’s capital program that optimizes the use of debt and reserves; administering current and future financial obligations; assisting with investors and credit rating agencies; and supporting the development of related policies.
- Develops financial models with respect to the Region’s Long-Term Debt Strategy sources, such as tax levy, user rates, and reserves, including the impact of other funding.
- Develops multi-year capital funding models for 10 and 20-year forecast periods that optimize the available debt capacity, reserves, and other funding sources.
- Allocates annually funding sources to individual capital expenditures of the corporation based on the optimized funding envelope.
- Analyzes the requirements of existing reserves to determine adequacy; proposes appropriate reserve targets and funding strategies; determines the need for new reserves and/or the collapse of existing reserves.
- Forecasts multi-year reserve balances and models long-term cashflow requirements for the Region to assist in the Corporate budget process and provide investment term guidelines for portfolio management purposes.
- Compares reserve positions with peer municipalities; identifies, recommends, and calculates appropriate benchmarks and/or best practices relating to municipal reserve programs.
- Develops financial models data required for the development of the annual Long-Term and other Financial Obligations Management Plan (Debt Management Plan) including an examination of the risk and mitigations.
- Communicates and coordinates with internal Departments and external institutions, municipalities, lawyers, bond rating agencies, investors, vendors, and service providers, in the execution of borrowing, lending, and negotiating functions.
- Performs other duties, as assigned, in accordance with Branch and Department objectives.
- Successful completion of a Master’s Degree in Business Administration, Mathematics, or Economics, or a Chartered Accountant designation or an approved equivalent combination of education and experience.
- Minimum five (5) years of financial experience in a large multi-divisional organization including experience in financial analysis and forecasting as well as project management.
- Demonstrated experience in writing analytical reports/studies, including the ability to identify problems, analyze and interpret data, and make and defend recommendations from the results of studies.
- Demonstrated experience in the analysis, design, and creation of computerized financial models.
- Thorough understanding of accounting principles.
- Knowledge of provincial and municipal statutes and regulations pertaining to debt issuance, the establishment of reserves, and governance issues, including the ability to interpret and explain complex legislation.
- Sound knowledge of financing principles and practices and the workings of domestic capital markets.
- Knowledge of and demonstrated ability in corporate core competencies including customer service, communication, teamwork, initiative/self-management and accountability, and flexibility/adaptability.
To apply for this job please visit www.certfee.com.