Our client is the corporate head office of a publicly traded distribution company with branch locations across Canada. We are looking for a Treasury Manager to oversee the treasury function including, planning and execution of day-to-day and period-end corporate treasury activities, including managing the Company’s cash flow forecasts, identifying cost-saving opportunities, and ensuring compliance with banking agreements and internal controls over cash management.
Ideal individual will come from a multi-location, multi- currency environment. Experience managing banking relationships for a distribution or manufacturing company preferred.
This is 100% in-office in downtown Vancouver. Excellent benefits and perks, including either a transit pass or 50% parking paid.
Responsibilities:
Risk Management
- Develop and support treasury policies and procedures.
- Prepare, review, and maintain internal controls over cash management, ensuring proper controls over cash receipts, disbursements, and general treasury activities.
- Manage the Company’s bank accounts, including working with various banks to maintain user access rights, signing authorities, and set up or cancel bank accounts, as necessary.
- Review, approve, and release electronic disbursements.
- Manage foreign currency exchange transactions, including hedging.
- Support cross-border cash transactions within the corporate group, including documentation of intercompany loans.
Compliance
- Manage and oversee bank collateral audits and inventory appraisals.
- Prepare and file monthly borrowing base reports with the bank and oversee filings by the Company’s subsidiaries.
- Monitor cash investment activities.
Communication
- Maintain strong bank relationships while managing the Company’s banking structure.
- Review and act as a consultant to the Company’s subsidiaries and divisions in supporting their corporate treasury needs.
Financial Analysis and other related works
- Prepare daily cash availability forecasts and manage the resulting daily cash flow requirements.
- Review monthly interest charge calculations.
- Evaluate and recommend banking products, services, and platforms as appropriate.
- Identify and recommend process improvements.
- Support special projects and the Company’s acquisitions, as required.
Qualifications:
- Post-secondary education in financial management – bachelor’s is preferred.
- A diploma or certificate will be considered if supplement with significant treasury experience.
- Treasury designation is an asset.
- Minimum 5 years of corporate treasury management experience.
- Understanding and experience in treasury accounting including liquidity, cash flow and foreign exchange.
- Experience with cash flow, forecasting in a complex multi-divisional, multi-currency organization.
- Solid understanding of accounting principles.
- Advanced knowledge of Microsoft Excel.
- Highly detail-oriented and organized.
- Ability to act and operate independently with minimal daily direction.
- Ability to work cooperatively and collaboratively with all levels of employees, management, and external agencies.
- Ideal candidate will come from distribution or manufacturing industry.
