Build a rewarding career with Steinbach Credit Union

Steinbach Credit Union is one of Manitoba’s largest credit unions and one of the ten largest in Canada with over $9 billion in total assets. For the past 80 years, we have worked with our members to create relationships based on trust and support. Our goal is to provide advice and recommend products and services that are tailored to meet every member’s individual needs.

Our member-centric approach is a key driver in everything we do, and our level of service is second to none. We provide an environment of trust in which members feel comfortable doing business and they will recommend us to their family and friends. For more information, please visit our website.

An exciting opportunity awaits!

We currently have an opportunity for an Accounting & Treasury Specialist to join our team in either our Winnipeg or Steinbach branch. As an Accounting & Treasury Specialist you will assist the Finance Department in the development and implementation of corporate budgets and forecasts, supports the treasury functions and financial reporting for SCU and its subsidiaries.

Specific Responsibilities

Delivery of asset liability management analysis and reporting to Director, Finance & Chief Financial Officer (CFO). This includes measuring and monitoring interest rate risk, foreign exchange risk, and net interest margin.
Researching, developing and maintaining strategic tactics and operating policies to optimize the asset/liability position while managing risk
Monitor daily cash positions and identify potential opportunities for investing excess funds in accordance with SCU Board policy and management strategy
Ensure compliance with Liquidity requirements and support forecasting of future liquidity
Ensure appropriate US dollar matching position daily
Manage securitization program reporting and identify areas of opportunity for future securitization in accordance with SCU’s Asset/Liability Management Philosophy
Work in tandem with external parties to ensure compliance with Canadian Mortgage and Housing Corporation (CMHC) requirements
Manage current interest rate swap portfolio and participate in development of policy on future interest rate swap and derivative structures to support SCU’s Asset/Liability Management Philosophy
Assist in monthly consolidated and departmental financial reporting process, including analysis of results and addressing any variances to budget as required.
Support the Director, Finance in the year-end audit process and preparation of the Annual Report
Support department with month end reconciliations such as prepaid expenses, payables, receivables, and fixed assets functions by addressing questions/concerns, researching and interpreting accounting policy, and/or processing financial data as required.
Support compliance with all tax-related regulatory bodies for the SCU and subsidiaries
Support monthly and annual compliance with Credit Union regulatory bodies..
Complete monthly & quarterly updates of predictive financial analysis & scenario reporting based on changes to future economic trends, and as required by Director, Finance or CFO
Develop further forecasting models to assist with decision making at the senior level of the organization.
Support analysis of external modeling provided for the Credit Union
Support Director, Finance with the annual business plan/budgeting process, including development of operational department budgets and margin analysis.
Collaborate with department managers across the organization to ensure accuracy in the budgeting process.

Qualifications

Bachelor’s degree in finance or accounting plus 4 to 6 years of job-related experience or an equivalent combination of education and experience.
CPA or CFA designation (or working towards a designation).
Experience in asset liability management modeling would be an asset.
Business acumen
Software proficiency
Advanced working knowledge of MS Excel
Advanced knowledge of accounting principles and practices
Knowledge of corporate taxes, GST/HST, RST, etc.

How we'll reward you

You can look forward to joining an organization that values teamwork and its membership. You will receive a competitive annual salary based on skills and experience. In addition, you will be eligible for variable compensation and matched pension plan per SCU policies. You will also receive a great host of benefits, including:

Extended medical, dental, vision benefits, plus a health spending account (100% of premiums are paid by SCU)
Critical Illness insurance, Life insurance, AD&D insurance, and Employee Assistance programs
Employee Banking benefits (i.e. free chequing account, low interest MasterCard, bonus rate on deposit and lending products)
Opportunities for professional development
Clothing allowance
Free parking at all locations

Accessibility and inclusivity

We believe our employees should represent the diversity of our members and the communities in which we live and serve. If you require an accommodation for the recruitment or interview process (including alternate formats of materials, or accessible meeting rooms or other accommodation), please let us know and we’ll work with you to meet your needs.

Closing Date: July 21, 2024

We are committed to employing a diverse workforce and encourage all qualified individuals to apply. We thank all candidates for their interest, however, only those selected for an interview will be contacted.

Job Type: Full-time

Steinbach Credit Union

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Accounting & Treasury Specialist