Husky Technologies Looking for Treasury Analyst at Bolton, Ontario, Canada Full Time

The Treasury Analyst role is a tremendous opportunity to see and live the global reach of Husky – whether it is through cash management, insurance risk management, or foreign currency risk management. Reporting to the Global Cash Manager, the Senior Treasury Analyst will be responsible for acting daily as the Back Office for Cash Management, and performing the daily cash manager duties when the Global Cash Manager is away; as well as day to day insurance risk management – serving Treasury’s clients for insurance certificates, contract reviews for insurance clauses, and managing the insurance renewal process and claims management globally. In addition, this person is the key reporting person for FX Risk Management and any other standard reporting requirements for the treasury team. Finally, they are the key liaison between accounting and Treasury for treasury budget requirements and accounting transactions.

RESPONSIBILITIES:

Currency Risk Management

• Responsible for Transaction and translation FX risk identification and monitoring
• Preparing Derivative Valuations & Effectiveness testing quarterly – using Reuters, CVA Analysis
• Comply with hedge accounting rules, maintain effectiveness testing, measure ineffectiveness
• Prepare Note Disclosures for Financial Notes & MD&A
• Back Office Support – Confirmation of FX deals, initiating wire transfers
• Follow up with counterparties to ensure funds flow as required between Husky and the banks.
• Prepare and publish monthly FX rates

Insurance Risk Management

• Annual renewals – coordinate data gathering for global insurance programs, including Property, General Liability, Auto, Workers Compensation, Fiduciary, Crime, Pollution, Cyber, Cargo; build models to calculate “Statement of Values” and “Business Interruption” insurance exposures based on input from insurers, real estate, business units, and finance teams

Claims management: Work with broker, insurers, adjusters to open, manage, & close claims.

• Provide quarterly borderaux reporting to insurance broker.
• Provide guidance to commercial operations/other departments for insurance contract language within sales/other contracts – liaise with insurance broker as required.
• Manage Insurance Budget – administering and reviewing all invoices, and allocating charges as required
• Support Treasurer with Insurance documentation requirements.

Cash Management

• Act as a backup to Cash Manager in his absence – completing all cash management activities normally performed by the manager including but not limited to approving AP disbursements, reporting to CFO on daily cash positioning, executing intercompany transactions to ensure subsidiary funding
• Day to Day “Back Office” functions, including but not limited to wire generation, investment and fx confirmations
• Review Letter of Credit Applications, Reconcile letters of credit quarterly in order to pay fees to fronting banks.
• Completing Documentary requirements around cash management, including but not limited to
• Opening and closure of bank accounts,
• Know Your Client (KYC) ongoing documentation,
• Signing Officer database governance, including adding and removing signers as required
• Letter of credit administration
• Treasury budget monitoring and analytical support
• Cashpro Administration
• Ad hoc analysis as required.

Other

• Provide comparative benchmarking analysis to FP&A, Business Support teams upon request.
• Assist VP Tax, Treasury & Commercial Operations with Global Commercial Reporting – Accounts Receivable, DSO, Key metrics for new initiatives (e.g. Commercial Collection Letters, SDP)
• Coordinate data gathering required for consultant engagements, transactions, acquisitions, due diligence queries, sponsors
• Work on ad hoc projects or special analysis as required
• Work with internal audit and external auditors for control compliance over all treasury processes
• Work on year-end audit and quarterly audits by preparing and sending working papers for derivative valuations and cash transactions, as well as working papers for financial statement note disclosures.

EDUCATION / EXPERIENCE / QUALIFICATIONS:

• Minimum 3 years’ relevant experience
• Attention to detail absolutely required.
• A bachelor degree in commerce, business or accounting
• Excellent interpersonal communication skills – required to manage internal and external relationships and clients.
• Highly organized with the ability to multitask and meet deadlines
• Good analytical and problem solving skills
• Good knowledge of computerized financial systems and Excel
• Proficient with Thomson Reuters Eikon
• High degree of interdepartmental collaboration