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At CN, everyday brings new and exciting challenges. You can expect an interesting environment where you’re part of making sure our business is running optimally and safely―helping keep the economy on track. We provide the kind of paid training and opportunities that long-term careers are built on and we recognize hard workers who strive to make a difference. You will be able to thrive in our close-knit, safety-focused culture working together as ONE TEAM. The careers we offer are meaningful because the work we do matters. Join us! Job Summary The Senior Officer, Corporate Finance supports money market activities, including short term financing, FX hedging and investing excess cash, in addition to following market trends and developments. The incumbent acts as the main source of support for all treasury activities and provides back up to Senior Managers Corporate Finance. The role is part of the front office activities of the Treasury department.
Main Responsibilities
Money Market Activities
Short-term Financing
- Prepare and analyze daily funding needs
- Carry out the issuance of commercial paper and ensure optimum rates and terms for CN
- Manage a series of dealers from banks across the US and Canada
- Track market conditions, receive daily quotes and market updates from dealers
- Keep abreast of developments in money markets
- Provide weekly updates and presentations to Investment Committee headed by the VP Treasurer, regarding money market activities
FX Hedging
- Execute daily FX trades (swap and spot) to hedge FX exposure in line with Company’s policies
- Support the decision process on trades, identify outflows and inflows to hedge, amounts to be hedged and terms, using cash flows forecast
- Maintain a solid understanding of derivative products
- Build solid relationships and maintain ongoing communication with various dealers and banks
Investing Excess Cash
- Invest the company’s cash in line with its investment policy
- Make investment decisions on a daily basis in order to maintain liquidity
- Keep abreast of money market investments and risks
- Keep track of products to maximize return on investment without compromising capital preservation
- Maintain a deep understanding of the Board approved investment policies and limits
- Monitor credit ratings and exposure to counterparties
- Build and maintain relationships and credibility with banks
Letters of Credit
- Understand the limits and specifics of bi-lateral letters of credit agreements negotiated between CN and various banks to respect agreements with counterparties
- Manage letters of credit portfolio, ensuring timely issuance, renewal, amendment and cancellation
- Assist with month-end reporting as required
Act as backup and support to Senior Managers, Corporate Finance
Long-term financing (bond market)
- Receive and review weekly emails from banks on debt capital markets
- Keep abreast of and liaise with dealers and bankers
- Provide weekly updates regarding debt capital markets
- Monitor, analyse and benchmark the company’s bonds portfolio
- Monitor new issues of comparable credits and peers (e.g., other railroads)
- Assist in various ad-hoc projects and requests, as needed
- Support the preparation of presentations for the Board, Senior Management and Rating Agencies
- Conduct Peer Benchmarking analysis (quarterly financial reports, financial ratios, etc.), create comprehensible charts and tables using models
- Prepare reports and carry out analyses for various corporate finance projects upon request
Working Conditions
The job is primarily carried out in an office environment. Minimal travel requirements
(less than 5%). Overtime hours including weekends are required occasionally.
Requirements
Corporate Experience
- Minimum 2 years in a related area
- Finance
- Accounting
Education/Certification/Designation
- Bachelor’s degree in a related field
- Finance
- Mathematics
- Master’s Degree in a related field*
- CFA*
- Any skills/attributes for these above would be considered as an asset
Competencies
- Negotiations
- Communicate Effectively
- Attention to detail
- Collaborate with Others
- Time Management
- Stress Management
- Political Acumen
- Demonstrate Business Acumen
- Solve Problems
- Develop and maintain relationships
Technical Skills/Knowledge
- Advanced analytical skills
- Solid understanding of economics
- Ability to quickly understand technical products
- Deep understanding of Finance and investments
- Finance community (bankers, investors, auditors, etc.)
- Financing options (debt, equity, etc.)
- Financial modelling and valuation
- Strong computer skills
- Bloomberg trading tool*
*Any skills/attributes for these above would be considered an asset About CN
CN is a world-class transportation leader and trade-enabler. Essential to the economy, to the customers, and to the communities it serves, CN safely transports more than 300 million tons of natural resources, manufactured products, and finished goods throughout North America every year. As the only railroad connecting Canada’s Eastern and Western coasts with the Southern tip of the U.S. through a 19,500 mile rail network, CN and its affiliates have been contributing to community prosperity and sustainable trade since 1919. CN is committed to programs supporting social responsibility and environmental stewardship. At CN, we work as ONE TEAM, focused on safety, sustainability, and our customers, providing operational and supply chain excellence to deliver results.
At CN, we are dedicated to building North America’s safest, most inclusive and sustainable railroad, which includes reflecting the communities in which we operate. Research shows that candidates from underrepresented groups often don’t apply unless they feel they fit the job posting at 100%. Even if you don’t see yourself in every job requirement listed in a posting, we still encourage you to apply. If you require an accommodation for the recruitment process (including alternate formats of materials, accessible meeting rooms or other accommodations), please reach out to our team at [email protected].
As an equal employment opportunity employer, all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, protected veteran status, and other protected status as required by applicable law. We thank all applicants for their interest, however, only candidates under consideration will be contacted. Please monitor your email on a regular basis, as communication is primarily made through email.
