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Treasury Risk Analyst
About High Liner Foods
High Liner Foods was founded in 1899 in Lunenburg, Nova Scotia, Canada as a small salt fish company. Lunenburg is still the current home of our Canadian Operations. As a category leader in Seafood, High Liner Foods has a strong footprint across Canada and the U.S. with close to $1 billion in sales.
High Liner Foods is the seafood brand people trust. Every day we’re Reimagining Seafood to Nourish Life through a focus on our customers, innovation, and of course, responsible operations. Our talented team is committed to the High Liner Foods goal of becoming the leader in branded, value-added seafood in North America.
We offer professional, technical and operational career opportunities across Canada and the United States. We believe in building a high-performance organization by investing in our people. We are focused on developing future leaders from within and fostering career growth and advancement.
It’s our time to make waves. Join us.
High Liner Foods is a career destination. We look for high-performing talent who value:
- Safety – it’s our #1 priority
- Opportunities to contribute to your community through volunteerism
- A culture of inclusion, support and recognition
- Senior leaders that are highly accessible and available to employees
- A strong focus on education and career development through training
- Competitive salary and performance rewards
- A comprehensive benefit plan designed to keep up with the changing healthcare needs across North America
Essential Duties and Responsibilities:
- Research and implement hedging strategies to minimize price risk;
- Prepare valuations and mark-to-market calculations along with hedge accounting documentation and tests for derivative instruments used in managing price risks;
- Monitor balance sheet and transaction exposure to fluctuations in foreign exchange by conducting detailed exposure analysis and ongoing review of hedging strategies;
- Maintain accurate schedules and working papers of principal, interest, deferred financing charges, and embedded derivatives for corporate debt instruments;
- Prepare treasury analytics, including weighted average cost of capital, effective interest rate calculations, bank fees analysis, AR roll-forwards, lease vs. buy comparisons, and interest rate swap comparisons;
- Forecasting and budgeting of cash requirements, leverage, covenant ratios, accounts receivable, accounts payable, bank loans, long term debt, and interest expense;
- Execute competitive spot, forward, and option purchases with major financial institutions and coordinate accurate and timely settlements upon expiry;
- Monitor compliance with debt covenants and conduct sensitivity analysis to proactively identify potential financial covenant constraints;
- Prepare monthly and quarterly financial reporting packages for submission to lenders in accordance with various reporting requirements within all major corporate debt agreements;
- Compile financial data and prepare regular reports on treasury related transactions and/or risks for various stakeholders, including executive and senior leadership teams;
- Research financial and commodity markets and provide insight and commentary to the business;
- Prepare accounting entries, monthly reconciliations, workbooks and analysis of treasury general ledger accounts;
- Review accuracy of financial statements and assist with the preparation of notes to the financial statements for items which relate to trade receivables, trade payables, bank loans, long-term debt, financial instruments, capital management, and financial risk management objectives and policies;
- Manage the process for letters of credit, including opening and amending letters of credit, creating templates, compiling paperwork, investigate discrepancies, and maintaining effective communication with buyers and banks to attain resolutions;
- Manage the process for documentary collections, including coordinating all document presentations, compiling paperwork, and ensuring all amounts reconcile to the purchase order;
- Assist with internal audits and external financial statement audits and oversee bank audits;
Qualifications:
- University degree in Finance or related field (or equivalent experience)
- Professional designation in Accounting or Finance an asset
- Minimum of two years of experience in finance/treasury field
- Excellent interpersonal skills, including ability to communicate both orally and in writing
- Willingness to accept additional responsibilities as required
- Imagination to identify potential areas or processes for improvement and initiative suggest and implement improvements
- Proficiency in PC applications, i.e. Word, Excel (mandatory), ReportsNow, and Oracle JD Edwards (desirable).
Join Us! Apply Now
High Liner Foods is Remote Friendly! We offer a Flexible Hybrid Work Model where corporate office employees have the flexibility to choose a minimum of two office days per week, with the option to work wherever they prefer (office or remote) for the remainder of the week.
Health, Safety & Wellness
At High Liner Foods, we believe strongly in the safety and wellness of our employees. Our organization has a number of policies, programs and practices that focus on safety, wellness, health and sustainability of the overall organization. Company employees, including temporary/agency and contract workers, are required to provide proof of their full COVID-19 vaccination status if their role requires business travel by a means requiring vaccination (including, but not limited to, international air travel and/or domestic air and rail travel within Canada) per regional laws/regulations. Employees will be considered fully vaccinated if they have received the required number of doses of a vaccine which has been approved by the health authority of the country in which they work.
Recruitment Process
Our process is meaningful but efficient! We want to get to know you and show you what our world is like.
Applicants who demonstrate potential will be contacted directly for a preliminary phone interview. Successful applications from this stage will participate in a behavioral-based interview with the hiring leader.
All hires are conditional upon the successful completion of references and background checks.
High Liner Foods is an equal opportunity employer committed to diversity & inclusion. Applicants that require accommodation in the recruitment and selection process may contact humanresources@highlinerfoods.com for assistance.
Current employees please note: this position is referral bonus eligible! See our policy for more details.
