Treasury Manager

Job type: Full-Time
Accepting BioReady™: Yes
Category: Finance and Accounting
Education: Bachelor
Experience: 7-10 Years
Salary:
Location: Vancouver, BC
Posted: April 12, 2019
Ends: May 12, 2019

Job Description Summary

The Treasury Manager in the Finance department at STEMCELL is responsible for developing treasury policies and procedures for the treasury function in meeting the regulatory requirements and managing the day-to-day treasury activities to meet the financial obligations of STEMCELL’s business activities. Responsibilities include treasury activities related to corporate finance, global cash management and cash balance allocation, negotiation and execution of debt and equity financing, loan programs, leases, debt compliance, forecasting and analysis, and banking relationships. 
This role provides leadership and mentoring to the Finance team either through projects, initiatives and/or ongoing operational financial and treasury support to the business. This position reports to the Senior Director of Finance and is based at our Downtown (Pender St), Vancouver office.

Job Description

Duties and Responsibilities

  • Responsible in managing the reporting and analysis of the global cash management, cash position and forecasting:

    • Daily, weekly and monthly cash flow forecasts and reporting per legal entity and for consolidation of subsidiaries’ data.

    • Cash analysis and its availability for corporate use.

    • Short-term and long-term debt financing and working capital.

    • Review the business performance and financial strengths with rating agencies.

  • Oversee the development and maintenance of the financial cash models and capital funding strategies working closely with the Finance and Accounting teams.

  • Serve as a key point of contact with all banks.

  • Conduct continuous analysis of credit facility utilization by developing and maintaining strong relationships with the banks.

  • Monitor intercompany loan agreements.

  • Manage the short and long term debt repayment, including periodic interest payments and monthly reporting of covenants to the banks working closely with the Accounting team.

  • Responsible for the reporting of exposures and risk management across the organization:

    • Monitor and analyze interest rate trends to identify opportunities and risks relating to financing programs and strategies.

    • Analyze corporate and subsidiary foreign currency / exchange flows to minimize financial impact of foreign exchange fluctuations.

  • Oversee the reporting, evaluation and reconciliation of the hedging efficiency, sweeping transactions and all intercompany transactions ensuring their settlement.  

  • Prepare for the treasury function audit requirements.

  • Oversees  the relationships with the Credit Card processors and supports the integration in the ERP

Qualifications

  • Minimum Bachelor’s degree in Finance, Accounting or Business Administration or related field; an advanced degree (MBA) is preferred.

  • Minimum 7 years of progressive experience in Corporate Treasury function, preferably in corporate finance, enterprise-wide cash management, debt management, forecasting and analysis, consolidation of treasury and banking / treasury function in a manufacturing or similar industrial environment. Biotechnology or pharmaceutical industry experience is an asset.

  • Professional designation of CPA (CA, CMA or CGA) is required. Designated CFA or CTP is an asset.

  • Business and financial acumen; willingness to have an impact on the business beyond the disciplines of corporate services and finance.

  • Ability to work across reporting lines and across geographies to advance strategic direction of the business.

  • Demonstrated experience in a leadership capacity of a function or team.

  • Experience working with an ERP system and hands-on experience with accounting software packages; experience with ERP implementation is an asset.

  • Advanced proficiency using MS Office, specifically Excel including use of pivot tables.

  • Structured, disciplined and organized; a critical thinker with demonstrated process improvement skills; proven analytical / quantitative skills are required.

  • Exceptional interpersonal and communication skills (written and oral); communicates in a clear, concise and organized manner; listens to others to obtain information.

  • Proven experience building strong relationships with senior management, external providers, business partners etc.

  • Experience working in a high volume and fast paced environment with overlapping priorities and deliverables.

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