Lead, Treasury Reconciliations

As the Lead, Treasury Reconciliations at Wealthsimple, you will oversee important tasks such as bank account reconciliations, general ledger reconciliations, and cash flow reconciliations. You’ll also be a critical player in implementing and optimizing reconciliation software, streamlining processes, enhancing internal controls, and ensuring compliance with regulatory requirements.

To qualify for the Lead, Treasury Reconciliations position at Wealthsimple, candidates should possess a Bachelor's or Master’s degree in Accounting, Finance, or a related field, coupled with 5+ years of experience in treasury reconciliations or a related financial role. Proficiency in SQL and reconciliation software, along with strong analytical and leadership skills, is essential.

Wealthsimple fosters a remote-first, inclusive work culture that values collaboration, innovation, and diversity. As a Lead, Treasury Reconciliations, you’ll be part of a dynamic team that encourages open communication and supports personal and professional growth through various mentorship and development opportunities.

In the role of Lead, Treasury Reconciliations, you will be directly involved in strategic initiatives such as streamlining reconciliation processes and developing automated reconciliation tools. Your insights and leadership will help enhance financial operations and improve reporting accuracy across the company.

Wealthsimple offers highly competitive salary packages, top-tier health benefits, a retirement savings matching plan, ample vacation days, and a budget for wellness and professional development. Additionally, employees enjoy flexibility with remote work options and wellness days throughout the year.

In a fast-paced reconciliation environment, I prioritize tasks by assessing deadlines and the impact of each task on the overall financial process. I make use of project management tools to schedule and track progress, ensuring effective communication with my team to distribute workloads efficiently.

Absolutely! My experience with reconciliation software includes hands-on use of platforms like BlackLine and Kyriba. I have successfully implemented these tools to automate reconciliation processes, enhancing accuracy and reducing manual errors while facilitating smoother audits.

Ensuring compliance with regulatory requirements starts with staying informed about changes in financial regulations. I routinely conduct training workshops for my team, implement internal controls, and perform regular audits to ensure everyone understands compliance requirements and adheres to best practices.

To develop and lead my team effectively, I believe in a mix of open communication, setting clear expectations, and providing constructive feedback. Regular performance check-ins and collaborative project work empower my team members, helping them to grow their skills while contributing to our shared goals.

When I encounter discrepancies during reconciliations, my first step is to investigate the issue by tracing transactions back to source documents. Open communication with other finance departments facilitates faster resolution, and I document the findings to ensure we can prevent similar discrepancies in the future.

In a previous role, I identified that our manual reconciliation process was taking too much time and was prone to errors. I proposed and led the implementation of an automated reconciliation tool that streamlined the process, resulting in a 40% reduction in processing time and significantly improving accuracy.

The most challenging aspect of Treasury Reconciliations can be the complexity of financial data and the need for accuracy under tight deadlines. However, I see this challenge as an opportunity to enhance my problem-solving skills and to innovate processes that can mitigate errors effectively.

I regularly attend industry seminars, webinars, and subscribe to financial publications to stay abreast of financial regulations and best practices. Networking with other finance professionals helps me gain insights and share experiences that can inform my work at Wealthsimple.

Automation plays a crucial role in Treasury Reconciliations by enhancing efficiency, accuracy, and speed in processing reconciliations. By implementing automated solutions, we can reduce manual efforts and errors, allowing finance teams to focus more on strategic analysis and insights rather than just data entry.

When collaborating with other finance teams, I focus on building strong relationships through regular communication and understanding each team's goals and challenges. Setting up cross-functional meetings to ensure alignment on projects helps build a collaborative culture and improves overall efficiency in financial operations.