Manager, Capital Management and Treasury

**WHO WE ARE**
When it comes to health, we’re always looking for ways to push for better. It’s why we were founded in the first place. In 1957, our founder, pharmacist William Wilkinson, witnessed a mother sacrifice her health by forgoing her own medicine to pay for her sick daughter’s prescription. He knew there had to be a better way. So, he introduced North America’s first prepaid drug plan, and GreenShield was born as a not-for-profit with a mission to support better health for all Canadians.

We aren’t just a health and benefits company. We’re the only not-for-profit social enterprise that brings worlds of coverage and care together, all in one place.
We’re noble challengers, purposefully building a better way and we need the best people to help us create a more holistic approach that takes care of the mind and body.

Our mission is to create better health for all Canadians, and we know that starts with our employees.

**THE ROLE IN A NUTSHELL**

As a leader in the overall Finance and Strategy team, the Manager, Capital Management & Treasury will report to the Director, Capital Management & Treasury. This role offers the opportunity to plan, direct and execute the activities of the Treasury function which plays a critical role in the sustainability of the organization and the execution of enterprise strategy. This role involves monitoring and managing cash, debt, and external relationships, as well as implementing strategies to optimize use of company resources while minimizing risk. The Manager, Capital Management & Treasury plays a crucial role in capital structure decisions, assessing financial risks, and advising senior management on financial strategies. Their expertise is essential in maintaining the financial health and stability of the organization.
- Responsible for the overall coordination of the treasury department
- Responsible for maintenance of long-term capital roadmap for GreenShield’s 2030 strategy and beyond (sources and uses of capital)
- Manage long-term capital scenario modeling process across the enterprise
- Make recommendations to senior leadership on capital structure
- Support evaluation of strategic capital deployment opportunities (e.g., capex, M&A, etc.) to ensure optimal use of capital, which is critical to the organization’s ability to execute on the 2030 strategy
- Manage forecasting of regulatory capital (LICAT) and recommend capital optimization strategies
- Support efforts to identify and execute on opportunities to optimize company’s investment portfolio
- Identify and analyze financial risks, including interest rate and credit risks.
- Formalize framework for ongoing cash management and reporting / forecasting
- Oversee enterprise-wide cash flow forecasts and work in partnership with FP&A to ensure alignment with free cash flow results and forecasts
- Lead the optimization of returns on excess cash (short-term investment management)
- Leadership of liquidity management activity, ensuring adequate liquidity across enterprise
- Manage the optimization of working capital
- Support management of credit rating process and foundation for future debt issuance activity
- Ongoing credit rating management
- Monitor compliance with debt covenants, critical in maintaining our ability to use debt for 2030 strategy execution
- Support development and maintenance of treasury strategy, including scope of responsibilities / accountabilities, standard practices, protocols, cadence of deliverables / updates, long-term view of team structure, etc.
- Manage relationships with financial institutions supporting company’s cash and capital management operations
- Provide development opportunities to employees and provide resources to ensure professional growth

**WHO WE'RE LOOKING FOR**
- Knowledge / experience in treasury responsibilities (cash flow management, debt issuance, credit rating / covenant compliance, etc.)
- Analytical thinking, critical decision making and an innovative mindset
- People management and leadership skills, strong communication abilities and the ability collaborate in a team environment
- Well-developed organizational skills and project management
- Completion of University Degree in Business, Accounting, Finance, Math or similar
- Over 3 years of related experience
- Over 3 years of supervisory/managerial experience
- Strong ability to manage multiple projects across multiple disciplines.

**NICE TO HAVE**
- Experience in working in the insurance industry or similar externally regulated environment
- One of CFA, CPA, CTM / CTP, actuarial designation, MBA or similar designation

**THE CULTURE**
We believe a career should be meaningful. Not just a means to earn a living. Our culture is one where everyone's voice is heard and valued. Because that’s what it takes to create better health for all. We dare to challenge the status quo. And we’re driven by people who have challenged theirs. We believe that your workplace should empower you to be the best version of yourse