Corporate VP, Financial Planning
3 months ago
The Vice President, Treasury provides executive oversight and leadership in the areas of financial management, planning, reporting, capital financing, risk management, and treasury management and is responsible for the overall asset and financial and project management for major growth, capital, and redevelopment projects.
Reporting to the Senior Vice President Finance, the incumbent will oversee all treasury activities, including cash management and forecasting, short-term investing, financial risk management, and ensuring adequate liquidity for the Company and its operating subsidiaries. With a focus on department-wide process and procedure improvements, the Vice President, Treasury will lead and support key initiatives and improvement in reporting and communications to internal and external stakeholders (senior management, Board, investors).
Functional Tasks- Develop treasury strategy and overall development of the department commensurate with corporate growth and evolving complexity. Execute on strategic treasury initiatives as needed including funding strategies, capital optimization initiatives, capital raising initiatives, balance sheet transactions, rating agency presentations, M&A activities.
- Lead the development, implementation, and monitoring of policies, procedures, and practices for liquidity and funding management, cash and investment portfolio management, asset-liability management, interest rate management, financial modeling and analysis, capital management, and transfer pricing.
- Monitor counterparty risk, analysis of cash forecasts, market/economic pattern and trend analysis; maintenance of banking and financial assurance relationships; assessment of banking rules and restrictions; ensuring compliance with financial risk management policy.
- Continually review and assess financial risk exposures and recommend/develop risk management strategies including the development of financial risk management policies and guidelines; monitoring and reporting of financial risk exposures; managing appropriate risk mitigation.
- Participate in fundraising efforts in capital markets through either bank debt or equity finance, maintaining relationships with lenders and investors, credit analysts, and credit rating agencies.
The following competencies listed below define the role of Vice President Treasury.
Role ExpertiseDemonstrates critical technical or professional knowledge/skills related to the role. Expands technical knowledge/skills and keeps up-to-date in own area of expertise.
Planning & Objective SettingSystematic in approach to work. Is realistic about time-scales and builds in appropriate checkpoints, milestones, and controls in order to ensure that desired results are realized.
Commercial AcumenApplies appropriate commercial and financial principles. Appreciates the commercial impact of own work on the organization’s total expenses and revenues.
People ManagementEstablishes and communicates clear priorities and sense of direction. Adapts management style to achieve optimum results.Team Skills
Helps to create a sense of team spirit and harmonious relations through cooperation and support. p>Preferred Experience / Education
- Minimum 10 years of experience in the treasury department of a fast-paced, large multi-entity corporation.
- A thorough understanding of complex credit facilities and financial instruments such as derivatives and hedges.
- Superior communication skills with an ability to translate the technical language of Treasury in order to educate both Management and Board regarding risks and risk mitigation.
- Ability to use technical skills and sound judgment to make regular financial, personnel, and policy judgments.
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