Manager - Treasury - Etobicoke, Canada - Red Label Vacations

Red Label Vacations
Red Label Vacations
Verified Company
Etobicoke, Canada

2 weeks ago

Sophia Lee

Posted by:

Sophia Lee

beBee Recruiter
Description

Position:
Manager of Treasury


Status:
Full-time


Department:
Finance


Reports to:
Director of Finance


Location:
Hybrid


The Opportunity
We are seeking a highly motivated and experienced Manager of Treasury to join our Finance Department.

The Manager of Treasury will play a crucial role in managing the organization's liquidity, optimizing cash flow, and ensuring efficient financial operations.

This position requires a strong financial acumen, leadership skills, and the ability to make strategic decisions to maximize the company's financial resources.


How you will be spending your time

Cash Management:

  • Oversee daily cash management activities, including monitoring and forecasting cash flows to ensure adequate liquidity for operational needs.
  • Manage and optimize the use of banking services, including the implementation of cash concentration and disbursement strategies.

Bank Relations:

  • Maintain and cultivate relationships with banking partners and other financial institutions to negotiate favorable terms, minimize banking fees, and stay informed about new financial products and services.
  • Evaluate and recommend changes in banking services or providers as necessary to meet the company's evolving needs.

Investment Management:

  • Develop and implement investment strategies for surplus cash to maximize returns while adhering to the company's risk tolerance.
  • Monitor and analyze investment performance, ensuring compliance with internal policies and regulatory requirements.

Debt Management:

  • Manage the organization's debt portfolio, including evaluating borrowing needs, negotiating debt agreements, and ensuring compliance with covenants.
  • Explore opportunities to refinance debt to achieve cost savings and improve terms.

Risk Management:

  • Assess and mitigate financial risks, such as currency exchange rate fluctuations and interest rate risks.
  • Implement strategies to hedge against potential financial risks and safeguard the company's financial assets.

Financial Reporting and taxes:

  • Prepare and analyze reports related to cash and treasury activities for internal and external stakeholders
  • Approve payments as well as journal entries, ensuring sales tax returns and other tax obligations are met
  • Ensure compliance with financial regulations, auditing and reporting requirements.
  • Have a strong financial reporting knowledge of ASPE/IFRS Reporting

Team Leadership:

  • Build, lead, and mentor a highperforming treasury team, fostering a collaborative and resultsdriven culture.
  • Set clear objectives, provide feedback, and facilitate professional development for team members.
  • Policy and Procedure Development:
  • Develop, document, and maintain treasury policies and procedures to ensure efficient and compliant financial operations.
  • Implement best practices and stay updated on industry trends.
  • Any other duties as assigned by management

The Skills, Experience and Requirements You Need to be Successful

  • Bachelor's degree in Finance, Accounting, or a related field. MBA or CTP (Certified Treasury Professional) certification is a plus.
  • Minimum of 5 years of experience in treasury management or related financial roles, with at least 2 years in a leadership capacity.
  • Strong knowledge of financial instruments, investment strategies, and risk management.
  • Proficiency in financial software and treasury management systems.
  • Excellent analytical, communication, and interpersonal skills.
  • Ability to make strategic financial decisions and work effectively under pressure.
  • Strong leadership and team management skills.

Crew Advantages

  • Competitive salary
  • 5 paid sick days
  • 2 paid personal days
  • 1 paid volunteer day
  • 1 paid day off for your birthday
  • Travel perks for you and your friends and family
  • Medical and dental benefits
  • Employee Assistance Program for you and your family members
  • Several corporate benefits and discounts provided by our partners such as auto and home insurance and gym memberships
  • RRSP Employer Match
  • Career Development opportunities

Benefits:


  • Dental care
  • Employee assistance program
  • Extended health care
  • Life insurance
  • Paid time off
  • RRSP match
  • Vision care
  • Wellness program

Schedule:

  • 8 hour shift
  • Monday to Friday

Supplemental pay types:

  • Bonus pay

Experience:

- finance: 5 years (preferred)

- treasury management: 5 years (preferred)

- management: 2 years (preferred)


Licence/Certification:

  • Certified Treasury Professional (preferred)
  • MBA Finance (preferred)

Work Location:
Hybrid remote in Etobicoke, ON M9B 1B1
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