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Director of Treasury POST NUMBER: 414192
Our client is a power producer. They are looking for a Director of Treasury who will be responsible for overseeing the company’s multiple corporate credit agreements, and global cash management and trade finance activities.
Why Work Here
- Company is a growing industry, many avenues for growth and development.
- Lots of opportunities to get involved in new projects, work with leaders globally and oversee end-to-end involvement
- Lots of office initiatives and events: Thirsty Thursdays, Office events, Team events, etc.
- Large global player with a local (Canadian) team that operates in a very entrepreneurial way
About the Opportunity
- Develop and manage treasury-related corporate policies, procedures, and requirements.
- Lead the management and administration of the company’s corporate credit facilities (Corporate Revolver and various Letter of Credit facilities), including corporate lender relationships, compliance and reporting, amendments/consents, extensions, etc. to (i) manage liquidity requirements and maintain financing flexibility; (ii) optimize structures to support growth teams, and (iii) proactively address potential areas of concern.
- Lead the issuance of corporate debt and equity instruments.
- Oversee the corporate cash function, including global cash positions, movements, and liquidity; managing working capital and funding requirements; forecasting, and reporting to management and executives.
- Oversee the corporate trade finance function, including letters of credit outstanding, optimizing issuing structure to manage costs, operational efficiencies and liquidity utilization
- Represent Treasury when negotiating and administering loans to partners and third-party shareholders, in close collaboration with development teams and the company’s Indigenous and Community Affairs group.
- Support the development, implementation, and enhancement of hedging strategies to manage and mitigate key exposures to currency and interest rates at the corporate and subsidiary levels, including:
- Identifying and realizing financial optimizations, such as (i) a portfolio approach to hedging; and (ii) using natural hedges where possible to match cash inflows and outflows, and/or funding and repayments.
- Using market hedges (forwards, swaps, options, etc.) where required based on available hedge tenors, liquidity, and market dynamics.
- Enhancing FX modelling methodologies (theoretical) and recommending hedging strategies (application) to support development, growth, and operational activities.
- Representing the company on working groups with external partners and project-level teams to advocate for and implement strategies that meet the company’s internal objectives and address requirements from stakeholders.
- Stay abreast of current financial market conditions and funding products specific to the renewable power sector and recommend funding tools and applications to optimize corporate credit utilization and overall economics.
- Prepare reports, presentations, and materials for executive management and the Board of Directors on corporate liquidity, debt capacity, corporate funding, foreign exchange, and other treasury-related topics.
- Work closely with Corporate Finance and FP&A to prepare quarterly, annual, and ad-hoc reporting to senior executives and the Board of Directors, including financial liquidity and credit projections and analyses related to new development opportunities, acquisitions, corporate funding, and similar ad-hoc items.
- Collaborate closely with the Financial Risk Oversight group to understand and manage derivative positions, and residual risk exposures, including sensitivity/scenario analyses and execute on periodic portfolio rebalancing.
- Collaborate with multiple internal business units including Development, M&A, Accounting, FP&A, Legal, and Tax to support new development opportunities, acquisitions, and ad-hoc projects.
- Manage multiple direct reports with a focus on maintaining high employee satisfaction and encouraging personal growth and professional development.
- - 7 years of progressive Corporate Treasury experience
- 3 years of Leadership experience
- Experience with corporate equity and/or debt issuances as well as currency and interest rate hedging - - Industry: Open, aside from Financial Institutions
- Company size: Mid to large, understanding/ working or dealing with multiple currencies.
$150,000- 180,000/ 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 #414192
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.
Vaco 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 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 LLC and its parents, affiliates, and subsidiaries are committed to the full inclusion of all qualified individuals. As part of this commitment, Vaco LLC 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 .
Vaco also wants all applicants to know their rights that workplace discrimination is illegal.
By submitting to this position, you agree that you will be giving Vaco 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 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 agrees to exercise reasonable efforts to represent you through all solicitation, job screening and resume dispersal.
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Vaco LLC and its parents, affiliates, and subsidiaries (“we,” “our,” or “Vaco”) respects your privacy and are committed to providing transparent notice of our policies.
- California residents may access Vaco’s HR Notice at Collection for California Applicants and Employees here.
- Virginia residents may access our state specific policies here.
- Residents of all other states may access our policies here.
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Pay Transparency Notice
Determining compensation for this role (and others) at Vaco 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 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.