Vice President of Financial Management
About this position
Responsibilities
• Manage the financial affairs of the organization
• Develop strategic financial investment initiatives (M&A and financing requirements) in partnership with key stakeholders
• Oversee execution of investment transactions (redemptions and purchases) approved by the investment committee of the Board of Directors
• Responsible for Financial Planning and Analysis inclusive of rolling forecast and budget.
• Oversee forecast cash flow positions, related borrowing needs and funds available for investment
• Ensure sufficient funds are available to meet ongoing operational and capital investment requirements
• Advise management on the liquidity aspects of its short- and long-range planning
• Maintain an efficient system of policies and procedures that impose an adequate level of control over treasury activities and provide support for regulatory reporting
• Maintain all domestic and global banking relationships and strong communications with banks and other financial service providers
• Collaborate with internal stakeholders to maintain subsidiaries’ capital structures consistent with business, tax and regulatory requirements
• Develop treasury reporting dashboards appropriate for various stakeholders and track KPI
• Oversee electronic cash receipt and cash disbursement processing and accounting
• Oversee daily cash positioning activities including managing daily liquidity, cash position reconciliation and bank reporting
• Enhance and manage the regional and corporate direct cash flow forecasting process
• Develop appropriate reporting and modelling capabilities required to support short-term and long-term liquidity forecasting needs through indirect modelling working closely with corporate FP&A
• Serve as the primary contact with commercial banks in cash management services, trust, custody and with business managers regarding day-to-day treasury needs
• Monitor quarterly and annual compliance with loan agreements
• Lead in identifying risk, developing complex mitigation strategies
• Review and analyze banking and investment management fees to identify cost reductions
• Monitor debt covenant compliance and prepare related calculations and certificates, in accordance with debt agreements
• Manage FX and interest-rate risk and direct the FX exposure management through cash flow, balance sheet and net investment hedging programs
• Develop and enforce strong internal controls and financial management policies
Requirements
• Bachelor’s degree-Doctoral's degree in finance, accounting or business required
• MBA or advanced degree in finance required
• CFA
• CPA
• Strong knowledge of financial instruments, credit facilities and treasury best practices
• Knowledge of general treasury, forecasting, budgeting and relaxed accounting
• Strong financial modelling is important
• Proficient with MS O