Director, Treasury, Working Capital and Liquidity Management

George Weston Limited•Toronto, ON

6d•CA$170,000 - CA$190,000•Onsite

About The Position

George Weston Limited (“GWL”) is a major Canadian public company, founded in 1882. GWL’s portfolio of companies includes Loblaw Companies Limited and Shoppers Drug Mart, representing Canada’s largest food and drug retail businesses, and Choice Properties REIT which is Canada’s preeminent diversified Real Estate Investment Trust. Choice Properties REIT owns over 700 high quality commercial and residential properties across Canada, and with over 2,400 stores, Loblaw and Shoppers Drug Mart retail operations reach most Canadians, serving their everyday food, health, and wellness needs. Through this group of companies, GWL owns and operates several iconic Canadian brands including Loblaw, Shoppers Drug Mart, President’s Choice, No Name, Life, Joe Fresh, Quo, PC Financial and T&T Supermarket. Reporting to the VP, Treasury, the Director of Treasury is responsible for supporting the cash flow forecast, strategic planning and working capital management for the George Weston Group of Companies (including Loblaw and Choice Properties). As the successful candidate, you will be provided with the unique opportunity lead a key strategic facet of the Treasury function. In this capacity, you will build and foster a collaborative and high-performance team environment, while providing mentorship and guidance to team members. We believe in building our talent within; creating opportunities for our employees to grow the skills necessary to advance and prosper in future opportunities within the Organization.

Requirements

CPA designation is a requirement for the role.
University degree in Business, preferably in Finance, Economics, Accounting, or Math.
6+ years working in a Corporate Treasury environment with 3+ years in a leadership role.
Proven experience in managing teams in a dynamic environment.
Strong leadership capabilities with a track record of successfully building, guiding and developing teams.
Experience in mentoring, coaching, and developing team members to enhance their technical skills, performance and leadership behaviours
Excellent interpersonal and communication skills (both written and verbal) and able to communicate and with all levels of the organization, in a professional, clear and compelling manner.
Demonstrates the ability to negotiate effectively to achieve favorable outcomes and drive business success
Extensive experience in corporate liquidity management using both direct and indirect method.
Experience analyzing/interpreting retail working capital and its impact of cash flow metrics
Strong quantitative and analytical skills. Comfortable interpreting and reviewing financial statements and respective external disclosures
Firm understanding of the Canadian and US payment landscape and associated cash management structures, tools and services

Nice To Haves

MBA/CFA/CTP designations would be considered an asset
Retail industry would be an asset.
Experience with Power BI/DAX, and Python for dashboard creation and data analysis is an asset

Responsibilities

Create liquidity funding plan that aligns and supports organizational capital allocation plan/framework
Develop strong partnerships across the business to understand future liquidity and working capital requirements for the operating businesses
Drive improvements on short-term cashflow forecast across the enterprise
Understand and manage components of working capital requirements across the business to drive improvements in indirect cashflow forecasting and cash conversion metrics
Strategic oversight and execution of Loblaw Supplier Finance program. Work closely with Enterprise Procurement team to manage operating plan and successful achievement of financial targets.
Proactively seek opportunities to optimize liquidity processes and drive forecast improvements by leveraging technology and statistical models
Regularly review key performance indicators related to working capital, such as inventory turnover and days payable outstanding (DPO) and help identify areas for improvement
Assist in preparing presentations in support of board and shareholder meetings, monthly/quarterly senior leadership meetings and various strategic committees of the company
Oversight of short-term investment portfolio and management of investment principles, tenor and instruments that align to governance model and external market environment
Support other Treasury initiatives and functions, as required