Treasury and Tax Manager

3 weeks ago

Whitby, Canada Elexicon Energy Inc. Full time
Job Title: Manager, Treasury and Tax

Elexicon Energy Inc. is a leading municipally owned electricity distributor in Ontario, committed to providing reliable and affordable energy services to its customers. We are seeking a highly skilled and experienced Manager, Treasury and Tax to join our team.

Job Summary:

The Manager, Treasury and Tax will be responsible for managing the company's treasury and tax functions, including cash management, banking relationships, and financial risk management. This role will involve strategic planning, analysis, and execution of treasury operations, as well as ensuring compliance with all federal, provincial, and municipal tax regulations and reporting requirements.

Key Responsibilities:
  • Develop and implement strategies for efficient cash management, liquidity forecasting, and capital structure and working capital optimization.
  • Oversee daily cash management activities, including bank account reconciliation and cash positioning.
  • Conduct cash flow forecasting and liquidity planning to ensure adequate funding for operations.
  • Manage relationships with banks and financial institutions to secure favorable terms for loans, credit facilities, and other financial services.
  • Monitor and analyze cash flow, working capital, and financial risks; develop strategies to mitigate risks and enhance liquidity.
  • Ensure compliance with all federal, provincial, and municipal tax regulations and reporting requirements.
  • Review tax returns and financial statements to ensure accuracy and adherence to relevant accounting standards.
  • Develop and implement tax strategies to optimize tax positions.
  • Manage relationships with external tax advisors and auditors.
  • Stay current with changes in tax laws and regulations and assess their impact on the company.
Requirements:
  • Bachelor's degree in finance, accounting, economics, or a related field.
  • Minimum of 5-7 years of experience in treasury and tax management, preferably within the utilities or energy sector.
  • In-depth knowledge of treasury operations, financial markets, and ideally the PILs tax regime in Ontario.

Elexicon Energy Inc. is an equal opportunities employer and welcomes applications from diverse candidates. We are committed to creating a workplace that is inclusive and supportive of all employees. If you are a motivated and experienced professional looking for a new challenge, please submit your application.

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