Manager II, Treasury

Job Title:

Manager II, Treasury

Job Description

Manage North American Treasury, assist in specialized projects, including implementation of TMS (Kyriba).

Cash Management

• Manage the day-to-day cash and liquidity position across all North American operations. 
• Coordinate the opening and closing of bank accounts. Work with internal teams to set up accounts with desired options.
• Review daily cash balances, projections, and coordinate cash transfers across various accounts to ensure funds availability for all scheduled disbursement activity.
• Prepare a cash forecast summarizing cash inflows and outflows (e.g., AP, payroll and employee related payments, tax and government remittances).
• Coordinate intercompany funds movements consistent with Corporate objectives; manage individual entity requirements and identify means to maximize internal cash and minimize external borrowing requirement.
• Ensure and manage banking activity compliance with local statutory and central bank requirements.
• Initiate transfers within bank system as necessary to support Treasury Cash Management objectives.
• Address periodic bank transactional issues and work with functional teams (e.g., A/P, A/R, Payroll, etc.) to address root cause and resolve.
• Periodically reassess and design an efficient cash management banking structure to meet business requirements, minimize bank fees, minimize bank accounts, manage counterparty risk and optimize / leverage relationships with global banking partners.  Prepare and analyze RFP questions and responses as required.

Bank Systems:

• Manage, maintain and ensure availability of banking systems and platforms; enhance functionalities as required and put in place new set-ups where needed to ensure efficiency of transactions (ex. Payroll upload, online payments).

Foreign Exchange:

• Execute spot trades as necessary to support cash management objectives.  Actively solicit the market to ensure conversion rates maximize local currency received.  Determine best practice for currency conversion – both timing and process while achieving other cash management objectives.

Bank Relationship Management:

• Provide support and consulting to local operating units on cash and banking issues. Assist units in reviewing requirements and issues involving cash or banking matters in the execution of a particular plan or strategy.
• Provide support to Accounting, AR/AP, HR and Payroll units on cash transaction queries, bank reconciliation/recording items and employee account/payroll concerns.
• Liaise and foster good connections and maintain positive working relationship with various bank contacts, financial institutions and brokers among others.
• Manage bank relations; review bank/service providers' performances and recommend addition/deletion to bank group; ensure quality service from partners.
• Get updates on new trends/innovations, market/economic situations that may have impact on business.
• Identify and recommend new products or facilities that may be of use to the business.

Reporting:

• Prepare forecasts/budgets and related analysis; develop and maintain process to forecast cash flows to ensure/improve efficiency of cash management system.
• Prepare required monthly reports/statements (cash balances, Collection/AR reports, FX schedules, bank statements, etc.).

Corporate Governance:

• Ensure accurate recording/accounting of Treasury transactions through periodic and monthly validation of results.
• Establish, implement and manage treasury policies and procedures, ensure documented controls are in place to protect cash (no unauthorized payments) and manage risk.
• Support internal and external auditor requirements.

Key Objectives:

• Minimize idle cash balances and maximize cash usage.
• Minimize bank fees.
• Manage Foreign Exchange revaluation to -0- with limited monthly volatility.

Treasury Management System

• Assist with implementation of Kyriba Treasury Management System.
• Assist with training various groups, including treasury, AP, AR, Payroll.
• Set up reports to be utilized by other functions.
• Special projects.

Location:

CAN, ON, Work-at-Home

Language Requirements:

Time Type:

Full time

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