Treasury Manager - Mississauga, Canada - Magellan Aerospace

Magellan Aerospace

Verified Company

Mississauga, Canada

2 weeks ago

Posted by:

Sophia Lee

beBee Recruiter

Description

Magellan Aerospace is a global, integrated aerospace company that provides complex assemblies and systems solutions to aircraft and engine manufacturers, and defence and space agencies worldwide.

At Magellan we have over 80 years of collective knowledge and experience in the aerospace industry, and believe one truth:
People create value.

Employees are our greatest resource in working towards a successful future, and together we build professional relationships that thrive. We know that personal development is fundamental to the success of every individual and invest in our employees.

When you are part of Magellan, you are part of the team

Position Summary
Magellan Aerospace, Corporate has an exciting new opportunity for a Treasury Manager.

The successful incumbent will be responsible for the determination of cash requirements, cash concentration, short-term cash investments and maintenance of appropriate cash flow.

They will establish short-term borrowing needs and recommends short-term investing initiatives.

Other duties include directing and managing operations of the treasury function, preparing, and analyzing department reports, financial accounting records, cash flow analysis, credit agreement compliance and projections.

Essential Responsibilities

Assist with oversight of international cash management account structures and bank providers
Manage daily corporate liquidity, execute funds movement transactions, and controls bank balances
Report daily cash operational activities to management
Manage shortterm borrowing activity and invest excess cash balances
Consolidate cash and liquidity forecasts
Analyze variances to budgets
Assist with domestic and worldwide cash flow forecasting
Work with operating units to identify liquidity requirements and coordinate intercompany lending, netting and pooling activities.
Monitor all intercompany (IC) loans and initiate new agreements as needed
Acts as liaison to Accounting and business units to ensure all cash activity is recorded appropriately on the general ledger, to identify reconciling accountant for each bank account, and to ensure appropriate bank services are secured and applicable
Manage cash flow hedging program including execution, reporting, performance and controls
Global Banking relationships, platforms, and agreements
Maintain bank relationships and oversee bank signatories
Responsible for opening and renewing CDs
Bank services, fees, and documentation
Global bank account approval & administration
Bank performance reviews
Working capital management
Risk management (FX, interest, commodity)
Systems and process enhancements in support of an efficient treasury operation.
Participate in other key treasury initiatives such as optimizing capital structure through financing
Prepare annual debt and interest expense budgets

Position Requirements

Undergraduate or graduate university degree in accounting, business, management or finance. Ideally, Bachelor or Master's degree with a minimum 78 years' experience in treasury.
Solid Treasury and Cash Flows / Management background
Indepth and broad expertise in a variety of treasury operations areas
FX hedging, investments, cash management and cashflow forecasting
SAP and / or Treasury workstation experience a plus
Strong knowledge of financial instruments, credit facilities and treasury best practices
Knowledge of general treasury, forecasting, budgeting, and related accounting
Strong financial modeling
Excellent verbal, writing, and quantitative skills are essential
Strong analytical skills and attention to detail
Strong organizational abilities and high level of attention to detail
Proven ability to meet tight deadlines
Ability to multitask and complete assignments for multiple stakeholders
Aptitude to excel in a dynamic work environment while managing multiple projects with varying deadlines

Why Magellan?