OUR COMPANY BACKGROUND & CULTURE

UPP is the first pension plan of its kind in Ontario’s university sector, proudly serving over 41,000 members across five universities and fourteen sector organizations. Our purpose is to bring greater retirement peace of mind to the university sector by investing with integrity and serving members with care. As a sector-wide plan designed for growth, our doors are open to all Ontario universities.
Together, we’re a team of progressive thinkers and agile doers operating within a fast-paced culture of collaboration and respect. We believe in bringing smart and capable people together to create, solve, and grow with a clear shared vision and values of integrity, inclusivity, ingenuity, and impact. Our culture is intentionally welcoming and purposefully rooted in equity, diversity, inclusion, and reconciliation (EDI&R). We believe diverse teams, perspectives, and lived experiences contribute to better decisions and a better workplace.
As a pension plan, UPP approaches investing through a long-term lens to generate and safeguard value. Our commitment to investing responsibly accounts for material risks that impact our investment portfolio to generate sufficient risk-adjusted returns to meet the pension needs of our members.
Join us in building a bright future for our members, our organization, and each other.

SPECIFIC ACCOUNTABILITIES

The Senior Analyst, Cash Operations will be responsible for a variety of duties, including but not limited to the following:

Cash Management

• Working closely with the UPP Trading, Liquidity and Exposure Management 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
• Preparation of daily and monthly bank reconciliations and investigate any discrepancies
• Design and implement workflows; provide training to junior staff to ensure proper handoff
• 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

Investment Reporting

• Prepare the cash forecast and liquidity coverage ratio (LCR) on a daily basis and investigate any discrepancies
• Prepare short- and long-term cash flow and liquidity reporting and analysis
• Ensure cash items are tracked and reconciled in a timely manner
• Develop and implement solutions to facilitate ongoing internal and external reporting effectively
• Conduct ad-hoc reporting and analysis to support key cash operations decisions
• Collaborate with D&T team to design and implement future state reporting capabilities within Datahub and Domo
• Collaborate with internal and external stakeholders to evaluate and develop processes for new investment types for inclusion in the daily cash forecast and LCR
• Liaison with internal and external stakeholders to understand and document operational requirements

Investment Compliance & Controls

• Preparation of regulatory reports (FSRA LCR) with appropriate analysis and provide insight into variation month over month
• 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)

Other Projects

• Evaluate new investment types and strategies and implications to cash operations
• Provide guidance and support to other team members
• Proactively lead team to support better execution of tasks
• Collaborate with internal stakeholders on project tasks and ad-hoc requests
• Contribute to other UPP wide functional and enterprise projects, as assigned

QUALIFICATIONS & EXPERIENCE

• 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

This is a fantastic opportunity for an experienced analyst to join a team of high performing professionals to make a great impact.
Reporting directly to the Director, Cash Operations, the Senior Analyst will be the subject matter expert on a broad range of accountabilities , including but not limited to daily cash forecasting, monitoring cash balances across multiple banks and accounts, and ensuring the timely settlement of cash transfers, payments and receipts. As Senior Analyst, you will be required to assist in the development and 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.
As a part of a scale-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.
This role is based in downtown Toronto under a hybrid work policy, allowing employees the flexibility to work remotely and in-office (approximately two days per week in-office).