Manager of Treasury NUMÉRO DE POSTE: 449931

About the Company? 

Our client is a Medical Diagnostics Lab. They are looking for a Manager of Treasury who will be responsible for the treasury function, including all aspects of the company’s liquidity and cash flow, ensuring optimal financial operations and maintaining accurate financial records. Reporting to the Director, Controller, you will be responsible for monitoring daily cash inflows and outflows, preparing cash forecasts and budgets, coordinating with cross-functional teams, and reviewing bank reconciliations. Additionally, you will contribute to process improvements, oversee cash transactions, own internal and external audit relationships and requests and manage the ongoing relationships with five financial institutions. 

Why Work Here? 

• Flexible hybrid working arrangement   

• Great team with high visibility across entire organization   

• Opportunity for this role to evolve as business grows   

• Strong company culture, team events, etc.    

About the Opportunity? 

• Own and manage the operational and reporting requirements of the Treasury function 

• Develop cash targets to support efficient liquidity management 

• Develop appropriate reporting and modelling capabilities required to support short-term and long-term liquidity forecasting needs, working closely with corporate and FP&A 

• Support corporate strategic initiatives, including acquisitions, divestitures and joint ventures 

• Maintain an efficient system of policies and procedures that impose an adequate level of control over treasury activities 

• Maintain strong communications with banks and other financial service providers 

• Develop a structure to work with business partners, commercial teams and FP&A to optimize working capital 

• Complete special projects as assigned for presentation to senior management and external boards 

• Develop treasury reporting dashboards appropriate for various stakeholders and track KPI 

• Lead in identifying risk, developing complex mitigation strategies 

• Serve as the primary contact with commercial banks in cash management services and with business managers regarding day-to-day treasury needs 

• Oversee forecast and budget cash flow positions, related borrowing needs, funds available for investment and cash repatriation processes 

• Ensure sufficient funds are available to meet ongoing operational and capital investment requirements 

• Provide advice and guidance in the areas of financial and accounting policy for treasury products, accounting policy procedures, business planning cost control 

• Ensure the appropriate and consistent application of generally accepted accounting principles and corporate financial policies to report financial results and explanation of variances in a timely and effective manner 

• Ensure optimal use of treasury systems to manage cash flow forecasting, bank account administration, settlements, and financial reporting 

• Own and maintain treasury chart of accounts, review of account balances, reconciliations and account structures 

• Perform treasury's monthly/quarterly close and reporting processes, including preparing, inputting and or reviewing journals, and development/production of appropriate financial, management (including performance) reports 

• Review monthly General Ledger Account reconciliations related to all bank balances 

• Own banking relationships, including negotiating service agreements and optimizing bank fee structures to ensure cost-effective treasury operations 

• Oversee bank account structures for operational efficiency and compliance. Open, close and monitor the corporation's bank accounts to ensure effective control is in place and in compliance with corporate policies and procedures for bank accounts 

• Project cashflow receipts and disbursements for the day/week/month/year and execute treasury repositioning/settlement activities daily 

• Liaise with business / commercial teams on cashflow forecasting data 

• Perform contract maintenance (such as interest rate confirmations, note issuance details, investment purchases/sales and maturities etc.), counterparty confirmations, cash settlement and other treasury business support functions/activities. 

• Own adherence to treasury bank account and banking policies and procedures by business units and consolidate monthly bank account reconciliations prepared by Treasury and Finance Business Services 

• Handle Letter of Credit requests from business 

• Monitor debt covenant compliance and prepare related calculations and certificates, in accordance with debt agreements, as applicable 

• Monitor monthly, quarterly and annual compliance with loan agreements, as applicable 

• Manage excess operating cash to obtain optimum interest revenue 

• Oversee electronic cash receipt and cash disbursement processing and accounting 

• Oversee daily cash positioning activities including managing daily liquidity, cash position reconciliation and bank reporting 

• Develop and enforce strong internal controls and financial management policies 

• Own external and internal audit requests and reviews related as required 

• Develop and lead hedging programs to mitigate risk from currency and interest rate fluctuation as required 

• Direct the FX exposure management through cash flow, balance sheet and net investment hedging programs 

• Managing treasury policies and procedures – establish scope and governance of treasury operations, as well as developing, monitoring, auditing, and revising treasury procedures 

• Own the investment of excess funds consistent with applicable laws and company policies 

• Contribute to the Finance team as a strategic thinker, highlighting relevant matters in a proactive manner 

• Responsible for developing and maintaining detailed short-term cash flow forecast, and providing input into long-term cash flow forecasting 

• Partner with FP&A and own monthly forecasting and annual budget process for treasury related financial models 

• Maintain and enhance a comprehensive set of controls designed to mitigate risk, enhance the accuracy of the company’s treasury operations 

• Keep abreast of new treasury products, financial accounting and reporting requirements to help assess and meet financial and management reporting requirements, to help establish accounting and other internal controls, policies and procedures and to liaise with systems vendors on developing/modifying/configuring their systems to meet such requirements 

• Lead automation initiatives to enhance treasury efficiency and internal controls 

• Lead and implement treasury related projects 

About You? 

• 5 years of experience in treasury operations  

• University Business Degree in Accounting or Finance 

• Advanced degree or professional certification (MBA, CPA, CTP, CFA) preferred 

• Strong knowledge of financial instruments, credit facilities and treasury best practices 

• Strong knowledge of general treasury, forecasting, budgeting and accounting practices 

• Exceptional analytical and quantitative skills, with the ability to interpret complex financial data 

• Strong communication and interpersonal skills, with the ability to collaborate effectively across departments 

Salary Range? 

$115,000 - $120,000/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 #449931 

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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.?