Responsibilities
- Monitor daily cash balances across all company bank accounts and subsidiaries, reporting significant variances to the VP of Finance.
- Gather and combine cash flow projections from finance leads across business units to support accurate liquidity planning.
- Carry out intercompany fund transfers, internal cash movements, and short-term borrowing activities as instructed.
- Process accounts payable payments in coordination with finance staff, verifying approvals and optimizing timing.
- Serve as the primary contact for banks and financial institutions for daily operational matters and transaction execution.
- Manage drawdowns, repayments, and rollovers on corporate credit lines, including revolving credit and letter of credit facilities.
- Track usage of credit facilities, keep records current, and prepare timely covenant compliance reports.
- Maintain up-to-date information on bank accounts, authorized signers, and access to online banking systems.
- Handle full lifecycle processing of letters of credit and bank guarantees, including applications, changes, renewals, and closures.
- Monitor all active trade finance instruments, track expiration dates, and initiate renewals proactively.
- Coordinate with banks to resolve discrepancies in letters of credit and ensure documents are submitted on time.
- Keep accurate records of trade finance instruments and reconcile them against internal tracking schedules.
- Prepare and distribute regular treasury reports to the VP of Finance, including daily cash summaries, monthly liquidity analyses, debt capacity plans, and foreign exchange exposure updates.
- Maintain organized treasury documentation in compliance with company policies, ensuring readiness for audits.
- Implement fraud prevention measures, identify suspicious transactions, and escalate issues as needed.
- Assemble supporting schedules and data for internal and external audit requests related to treasury operations.
- Execute foreign exchange hedging transactions as directed, ensuring proper confirmation, settlement, and reconciliation.
- Track foreign currency and interest rate exposures at both corporate and subsidiary levels and produce regular exposure summaries.
- Keep detailed logs of hedging transactions, trade confirmations, and supporting documentation.
- Identify natural hedging opportunities by analyzing cross-currency cash inflows and outflows and flagging imbalances.
- Collaborate with Accounting, FP&A, Legal, and Tax teams to provide treasury data and support treasury-related tasks for new initiatives, acquisitions, and special requests.
- Support ongoing improvements to treasury processes and assist with system upgrades as the function develops.
Compensation
Employees have the opportunity to participate in incentive programs and compensation tied to business and individual performance.
Work Arrangement
Hybrid
Team
Reports to VP, Finance; primary liaison for internal finance teams and external banking partners
Other
- We are committed to providing employment accommodation in accordance with the Ontario Human Rights Code and the Accessibility for Ontarians with Disabilities Act.
- If you require accommodation due to a disability at any stage of our hiring process, please advise us when completing your application.
