Manager, Treasury

Elexicon Energy Inc.•Whitby, ON

13d

About The Position

Reporting to the Director of Finance, the Manager, Treasury is responsible for managing the company’s treasury functions, including effective cash management, banking relationships, and financial risk management. This role involves strategic planning, analysis, and execution of treasury operations. The ideal candidate will have a strong background in treasury, cash management programs, cashflow forecasting, and debt issuances and management, with a keen understanding of finance and accounting, and regulatory requirements.

Requirements

Bachelor’s degree in finance, Accounting, Economics, or a related field; CPA, CFA, or other relevant certifications preferred.
Minimum of 5-7 years of experience in treasury management, preferably within the utilities or energy sector.
In-depth knowledge of treasury operations and financial markets in Ontario.
Knowledge of Ontario Energy Board Accounting procedures for electric utilities would be an asset.
Strong analytical and problem-solving skills, with the ability to interpret complex financial data and provide strategic recommendations.
Excellent communication and interpersonal skills, with the ability to interact effectively with all levels of the organization, including senior management, external advisors, and regulatory bodies.
Proven leadership and team management abilities, with a track record of driving performance and achieving results.
Excellent analytical, problem-solving, and organizational skills.
Ability to work independently and manage multiple priorities.

Responsibilities

Develop and execute strategies for cash management, liquidity forecasting, capital structure, and working capital optimization.
Lead daily treasury operations, including cash positioning, bank account reconciliation, and short‑term liquidity management.
Manage cash forecasting processes to ensure sufficient funding for operational and strategic requirements.
Monitor cash flow, working capital, financial risks, and instrument valuations; perform financial covenant testing and implement mitigation strategies.
Oversee investment activities to ensure optimal utilization and safeguarding of company funds.
Manage banking, investor, and credit rating agency relationships, securing favorable terms for loans, credit facilities, and other financial services.
Administer banking systems, including user access, permissions, and the full lifecycle of bank accounts (setup, maintenance, and closure).
Ensure treasury documentation, signing authorities, and internal controls are current and compliant.
Manage new and existing loan agreements and support negotiations with lenders.
Support the CFO in developing and executing the corporate financial strategy.
Oversee financial prudential requirements with the IESO, including margin calls, prepayments, and settlements for wholesale commodity purchases.
Manage existing financial obligations, including dividend distributions, interest payments, and other recurring commitments.
Develop, implement, and maintain the corporate purchasing card policy.
Oversee Accounts Receivable payment processing to ensure timely and accurate application of customer payments.
Manages Accounts Receivable payment processing to customers’ accounts.
Support staff in research of reconciling items and processing problem resolution.
Assist with preparation, review, and maintenance of complete, timely, and comprehensive monthly and yearly files and analysis.
Prepare general ledger journal entries as required.
Assist with ad hoc analysis/reporting on various financial and non-financial data.
Prepare and present reports on treasury performance to senior management, as needed.
Conduct financial analysis to support strategic decision-making and identify opportunities for cost savings and efficiency improvements.
Ensure timely and accurate reporting of financial data and compliance with regulatory requirements.
Provide information, data and analysis with regards to treasury to support regulatory processes, rate applications, and other activities, as required
Develop financial analyses and reports related to capital structure, financing, cash flow, taxation, unregulated business lines, and asset performance.
Identify and assess financial risks, including interest rate and liquidity and credit risks.
Develop and implement risk management strategies and hedging programs as needed.
Ensure proper internal controls are in place to safeguard assets and ensure compliance.
Lead and support a team of treasury professionals, fostering a collaborative and high-performance work environment.
Oversee the development and implementation of policies and procedures related to treasury functions.
Coordinate with internal and external stakeholders to ensure smooth execution of financial operations.
Manage departmental budget and resources efficiently.