Director, Treasury POST NUMBER: 470593
Our client is a non-profit corporation responsible for managing and operating Canada’s leading global hub airport. They are looking for a Director, Treasury to join their team!
Why Work Here
- Work closely with the Director, who’s a great mentor
- Attractive Salary
- Great benefits - pension plan
- Bonus - the company is doing well
- CPA dues are covered
- Liquidity & Cash Management (20%)
- Lead enterprise-wide cash management, ensuring sufficient liquidity to meet operational and capital requirements.
- Develop and maintain robust short- and long-term cash forecasting processes, integrating operational, capital, and financing plans.
- Optimize cash utilization, short-term investments, and funding strategies to support operational and strategic priorities.
- Sets cash positioning parameters; optimizes cash buffers and investment allocations in line with policy and risk appetite; partners with Controllership on cash accounting and reconciliations.
- Capital Markets & Debt Portfolio (20%)
- Manage the debt portfolio, including issuance, refinancing, and covenant compliance.
- Develop and execute capital markets strategies to optimize cost of capital and financial flexibility.
- Develop and execute short- and long-term funding strategies for the capital plan; manages bond and loan programs; evaluates refinancing, interest-rate strategies, and covenant compliance; coordinates external advisors and underwriters.
- Manage relationships with credit rating agencies while actively overseeing the company’s credit profile, ensuring transparency, providing accurate financial information, and supporting initiatives that maintain or enhance the company’s credit rating.
- Lead engagement with credit rating agencies, articulate the company’s financial strategy and risk profile, and implement actions to optimize the organization’s credit standing.
- Maintain relationships with banks, lenders, rating agencies, and other external stakeholders to support the organization’s financing objectives.
- Cash Forecasting & Working Capital (20%)
- Build and maintain rolling short- and long-term cash flow forecasts, ensuring assumptions are aligned with Capital Planning and Business/Corporate Finance.
- Monitor cash positions, analyze working capital trends, and identify opportunities to optimize liquidity and improve cash conversion cycles.
- Implement strategies and initiatives to enhance cash efficiency, support operational needs, and enable timely funding for the multi-year capital program
- Treasury Operations, Banking & Controls (20%)
- Establish and maintain treasury policies, procedures, and controls to ensure accuracy, compliance, and risk mitigation, including debt and investment policies.
- Oversee treasury systems, reporting, and processes to provide timely, accurate insights to leadership and ensure data integrity.
- Manage banking architecture, signatory authorities, payment and collection processes, and bank fee governance, ensuring proper segregation of duties.
- Ensure compliance with debt covenants, internal controls, and audit/risk requirements; prepare certifications and respond to audit inquiries.
- Coordinate with Controllership, Procurement, Risk/ERM, Capital Planning, and Corporate/Business Finance to align treasury activities with enterprise initiative.
- Stakeholder Communications & Reporting (10%)
- Provide forward-looking analysis and recommendations to senior leadership on funding, liquidity, and capital structure decisions.
- Partner with internal teams to integrate treasury insights into enterprise planning, budgeting, and investment decisions.
- Support Board and executive reporting, ensuring transparency and clear communication of financial risks and opportunities.
- People Leadership & Continuous Improvement (5%)
- Coaches and develops talent; sets standards, ways of working, and SLAs; drives process automation, documentation, and cross-team collaboration to “invert the pyramid” toward insight and advisory.
- Other (5%)
- Performs other related duties as assigned. Client job description responsibilities
- Bachelor’s degree in Finance, Accounting, Economics, Engineering, or related field.
- MBA and/or Master’s in a relevant field.
- CPA and/or CFA (strong assets)
- 10 years progressive treasury/capital markets experience with 7 years leading teams and cross-functional initiatives.
- Experience in capital-intensive, regulated, or infrastructure/aviation environments; proven track record managing public debt programs and rating-agency engagement.
- Advanced proficiency in liquidity and cash-flow forecasting; debt portfolio strategy; covenant management; banking architecture and controls; treasury policy design; financial modeling; strong written and verbal communication; stakeholder management.
- Familiarity with treasury management systems and finance data integrations; experience automating treasury processes; ability to translate complex financial concepts for non-finance audiences.
$200K / year
How to Apply
Click the “Apply Now” button and follow the instructions to submit your resume. Please know that we only accept documents in MS Word or Rich Text formats.
When referencing this job, quote #470593
This position for employment is for a current vacancy with Vaco/Highspring’s client. You must currently reside within the Greater Toronto Area and be permitted to work in Canada to be considered for this opportunity. A recruiter will be in touch with you if your profile meets our client’s requirements for this role.
Determining compensation for this role (and others) at Vaco/Highspring depends upon a wide array of factors including but not limited to the individual’s skill sets, experience and training, licensure and certifications, office location and other geographic considerations, as well as other business and organizational needs. With that said, as required by local law in geographies that require salary range disclosure, Vaco/Highspring notes the salary range for the role is noted in this job posting. The individual may also be eligible for discretionary bonuses, and can participate in medical, dental, and vision benefits as well as the company’s 401(k) retirement plan. Additional disclaimer: Unless otherwise noted in the job description, the position Vaco/Highspring is filing for is occupied. Please note, however, that Vaco/Highspring is regularly asked to provide talent to other organizations. By submitting to this position, you are agreeing to be included in our talent pool for future hiring for similarly qualified positions. Submissions to this position are subject to the use of AI to perform preliminary candidate screenings, focused on ensuring minimum job requirements noted in the position are satisfied. Further assessment of candidates beyond this initial phase within Vaco/Highspring will be otherwise assessed by recruiters and hiring managers. Vaco/Highspring does not have knowledge of the tools used by its clients in making final hiring decisions and cannot opine on their use of AI products.
Vaco by Highspring values a diverse workplace and strongly encourages women, people of color, LGBTQ+ individuals, people with disabilities, members of ethnic minorities, foreign-born residents, and veterans to apply.
EEO Notice
Vaco by Highspring is an Equal Opportunity Employer and does not discriminate against any employee or applicant for employment because of race (including but not limited to traits historically associated with race such as hair texture and hair style), color, sex (includes pregnancy or related conditions), religion or creed, national origin, citizenship, age, disability, status as a veteran, union membership, ethnicity, gender, gender identity, gender expression, sexual orientation, marital status, political affiliation, or any other protected characteristics as required by federal, state or local law.
Vaco by Highspring and its parents, affiliates, and subsidiaries are committed to the full inclusion of all qualified individuals. As part of this commitment, Vaco by Highspring and its parents, affiliates, and subsidiaries will ensure that persons with disabilities are provided reasonable accommodations. If reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and/or to receive other benefits and privileges of employment, please contact HR@vaco.com .
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By submitting to this position, you agree that you will be giving Vaco by Highspring the exclusive right to present your as a candidate for the foregoing employment opportunity. You further agree that you have represented information about yourself accurately and have not affirmatively misrepresented your qualifications. You also agree to maintain as confidential, to the fullest extent permitted by law, any information you learn from Vaco by Highspring about the position and you will limit disclosure of information about the position only to the extent necessary to perform any obligations in furtherance of your application. In exchange, Vaco by Highspring agrees to exercise reasonable efforts to represent you through all solicitation, job screening and resume dispersal.
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- California residents may access Vaco by Highspring HR Notice at Collection for California Applicants and Employees here.
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Pay Transparency Notice
Determining compensation for this role (and others) at Vaco by Highspring depends upon a wide array of factors including but not limited to:
- the individual’s skill sets, experience and training;
- licensure and certification requirements;
- office location and other geographic considerations;
- other business and organizational needs.
With that said, as required by local law, Vaco by Highspring believes that the following salary range referenced above reasonably estimates the base compensation for an individual hired into this position in geographies that require salary range disclosure. The individual may also be eligible for discretionary bonuses.