Manager, Treasury

Hudbay Minerals • Toronto, ON

19d • Hybrid

About The Position

At Hudbay, we are driven by our purpose: We care about our people, our communities, and our planet. Hudbay provides the metals the world needs. We work sustainably, transform lives, and create better futures for communities. We transform lives: We invest in our employees, their families and local communities through long-term employment, local procurement and economic development to improve their quality of life and ensure the communities benefit from our presence. We operate responsibly: From exploration to closure, we operate safely and responsibly, we welcome innovation and we strive to minimize our environmental footprint while following leading operating practices in all facets of mining. We provide critical metals: We produce copper and other metals needed for everyday products and essential for applications to support the energy transition toward a more sustainable future. Hudbay (TSX, NYSE: HBM) is a copper-focused mining company with three long-life operations and a world-class pipeline of copper growth projects in tier-one mining-friendly jurisdictions of Canada, Peru and the United States. Hudbay’s operating portfolio includes the Constancia mine in Cusco (Peru), the Snow Lake operations in Manitoba (Canada) and the Copper Mountain mine in British Columbia (Canada). Copper is the primary metal produced by the company, which is complemented by meaningful gold production. Hudbay’s growth pipeline includes the Copper World project in Arizona, the Mason project in Nevada (United States), the Llaguen project in La Libertad (Peru) and several expansion and exploration opportunities near its existing operations. Mission: To create sustainable value and strong returns by leveraging our core strengths in community relations, focused exploration, mine development and efficient operations. Purpose of Role: The Manager, Treasury is responsible for the execution of global treasury operations, ensuring the company’s liquidity, financial risk mitigation, and debt compliance. Reporting to the Director, Treasury, the role serves as a key bridge between high-level strategy and daily execution.

Requirements

• Post-secondary degree in Commerce, Finance, or a related field.
• Experience with cash and treasury management, including online global banking platforms.
• Minimum 3 years of managerial experience in treasury or other related financial role.
• Experience with trading (foreign exchange, precious metals) and/or derivatives trading.
• Strong understanding of macroeconomics.
• Understanding of equity and debt capital markets.
• Understanding of financial modelling, cash flow analysis and credit metrics.
• Highly skilled with Microsoft Excel and Bloomberg.
• Excellent verbal and written communication skills.
• Excellent people skills to be used in building constructive working relationships internal and external to Hudbay.
• Strong analytical skills allowing one to take a numeric, systems-based approach to problem solving.
• Strong attention to details, and a focus on continuous development along with a desire to produce a high-quality work product.

Nice To Haves

• Advanced degree or professional certifications (CPA, CFA, CTP).
• Mining or natural resources industry and public company experience.
• Familiarity with business valuation principles (DCF, NPV, IRR).
• Understanding of the basic principles of investment management.

Responsibilities

• Manage day-to-day treasury operations, including assessing Hudbay’s cash needs, ensuring sufficient liquidity in each business unit, opening and closing bank accounts, assisting with the Scotia Connect banking system and business unit banking requests.
• Execute foreign exchange trades and strategies for the deployment of excess cash balances to optimize yield and diversify bank exposure.
• Execute RCF draws and LC renewals.
• Own the monthly treasury report and regular cash monitoring.
• Monitor and ensure compliance with reporting and debt covenant provisions of Hudbay’s debt facilities and high yield bonds.
• Support the preparation of consolidated financials by supplying data and analysis to financial and legal teams.
• Support impairment and other valuation projects by performing WACC analysis.
• Execute purchase of gold and silver for delivery to Wheaton Precious Metals, and manage the flow of cash to contribute to business entities.
• Execute sale of gold and silver for doré production and manage communication with third-party assayer to ensure timely cash receipt and revenue recognition.
• Manage the confirmation and settlement process for all trading activities.
• Collect and analyse market information provided by hedge counterparties on spreads, volatilities, and derivatives pricing.
• Assist Director, Treasury with the execution of hedging instruments and formulation of hedging strategies.
• Administer the LC and surety bond program in Canada to ensure successful renewal and sufficient capacity available for future bonding.
• Coordinate the timely execution of equipment financing loan/lease documentation with banks or OEM financiers of capital equipment.
• Prepare terms sheet analyses and other materials to assist in the negotiation of terms for debt financings.
• Provide transactional support in the form of corporate cash flow models and due diligence materials to syndicates.
• Support in the development of financing plans for major projects.
• Conduct comparative analysis in support of restructuring liquidity lines to reduce interest costs, increase liquidity and increase financial flexibility.
• Prepare Hudbay’s Global Price Deck by collecting supporting data from external sources and Hudbay’s marketing department, analyzing data and monitoring the market, and developing methodologies to analyze and support forecast prices.
• Participate in the management of relationships with banks and financing companies to help ensure long-term access to capital markets.
• Support Director, Treasury in ensuring treasury activities and procedures are in compliance with corporate policies, accounting guidelines and internal controls, and Sarbanes-Oxley (SOX regulations).
• Complete other projects from time to time as directed by Director, Treasury.

Benefits

• Annual performance bonuses
• Health benefits for you and your family, with a health spending account
• Company paid insurance for Life, Spousal and Dependent Life, AD&D, Critical Illness, and Short & Long Term Disability cover
• A Defined Contribution pension that includes company contribution and additional matching of your voluntary contributions
• An Employee Share Purchase Plan with contribution matching
• A yearly Wellness Subsidy of up to CAD $1,000
• Employee charity matching program for eligible charitable donations made by employees
• Regular performance appraisals to acknowledge our employees for their contributions, strengths and work well done
• The opportunity to work out of our Platinum Class A and Platinum BOMA BEST® Certified office building in Toronto’s South Core Business District conveniently located beside the newly renovated Toronto Union Station

What This Job Offers

• Job Type: Full-time
• Career Level: Manager