Treasury Operations Associate

Who We Are: Hyundai Capital Canada (HCCA) is the Canadian captive finance business for Hyundai Motor Group. We go to market under the service brands Hyundai Motor Finance, Kia Finance and Genesis Finance. Through a network of over 450 Hyundai and Kia dealerships and 30 Genesis distributors nationwide, we provide indirect vehicle financing and leasing solutions to consumers and commercial customers.

Employee Value Prop and Culture: Our employees contribute every day to a culture that is fast-paced, dynamic, energized, agile, and collaborative. From our employee programs to the unique design of our offices, we strive to create a connected, fun, positive, and rewarding workplace where employees feel appreciated, proud of their company, and deeply invested in HCCA’s success.

Global One Company: Many countries. One identity. Hyundai Capital has offices around the world, including South Korea, the United States, China, the United Kingdom, Germany, and Brazil. Our work environments follow consistent themes that represent our global values: simplicity, collaboration, symmetry, and elements of nature.

Position Summary: Reporting to the Manager, Treasury Operations, this role is an integral point of contact for daily Cash Management and Treasury Operations activities for Hyundai Capital Canada. Responsible for managing bank reconciliations, cash position/compliance reporting, and customer cash activity aggregation/data provision, and participating in short term liquidity forecasting and bank account maintenance activities for the HCCA Treasury team. The individual will play a significant role managing HCCA’s short-term funding facilities and will participate in the monthly sale and reporting processes covering HCCA’s securitization activities.

Duties & Responsibilities:

• Prepare reports of the daily cash position of HCCA and provide daily oversight of cash flow. Prepare daily bank reconciliations between the general ledger and bank balances. Work closely with the HCCA Servicing team to provide up to date customer account information in terms of customer payments, refunds and returns. Ensure all incoming and outgoing payments are processed accurately through detailed account-level reconciliations.
• Assist in Cash Management process improvement initiatives involving customer refunds, credit card payments, dealer funding, dealer/OEM incentive payments and other similar projects.
• Participate in compliance support activities including external audits, business continuity planning as well as assistance with development and maintenance of policies and procedures.
• Coordinate and support bank account structure optimization. Maintain and verify monthly bank charges and identify cost reduction initiatives.
  Participate in management of short-term revolving funding facilities and securitization facility sale analyses and servicer reporting, and required financial reporting of existing transactions, in an accurate and timely manner.
• Perform all other duties as assigned.