Financial Analyst

 

Description:

The Financial Analyst will be responsible for matters relating to managing Letters of Credit, working with banking partners, maintaining financial records, and supporting cash management process.

Role Accountabilities
 

  • Responsible for the issuance of Letters of Credit (LC) to counterparties
  • Work closely with the business, as well as banking partners to complete the execution new LCs and any amendments to existing LCs
  • Maintain detailed records of all issued LCs, and perform a quarterly reconciliation of internal records against the issuing banks
  • Monitor LC limits of our demand lines that back the LCs, and coordinate with the Finance team as needed
  • Confirm the details of daily trading activity and transactions (i.e. foreign exchange, investments, commercial paper, etc.)
  • Work closely with the Trading Team and external banking partners to investigate and resolve any discrepancies identified in the confirmation process in a time sensitive manner
  • Participate in regular internal and external audits as required
  • Support other Cash Management processes including treasury payments, bank account administration, etc.
     

Qualifications
 

  • 4+ years of experience with a strong understanding of financial instruments such as Letters of Credit (LCs), foreign exchange transactions, investments, and commercial paper.
  • Bachelor's Degree: A degree in Finance, Accounting, Business Administration, Economics.
  • Designation in one or more of the following: CGA, CIA, CMA, CPA
  • SAP Experience is an asset
  • High level of attention to detail in maintaining accurate financial records and performing reconciliations.
  • Experience in participating in internal and external audits, ensuring compliance with regulatory requirements related to LC issuance and cash management processes.
  • Strong analytical skills to monitor LC limits, investigate discrepancies in trading activities, and resolve issues promptly.
  • Experience in banking operations, particularly in LC issuance, amendments, and reconciliation processes.

Organization Raise
Industry Accounting / Finance / Audit Jobs
Occupational Category Financial Analyst
Job Location Abbotsford,Canada
Shift Type Morning
Job Type Full Time
Gender No Preference
Career Level Experienced Professional
Experience 4 Years
Posted at 2024-08-31 5:41 pm
Expires on 2024-12-01