Senior Manager, Treasury
Apply NowCompany: Plusgrade
Location: Scarborough, ON M1B 6H8
Description:
Travel is not just about the destination; it's about every memory made along the way. We are dedicated to shaping the future of travel by partnering with 200+ airline, hospitality, cruise, passenger rail, and financial services companies to create new, meaningful revenue streams through incredible customer experiences. Rooted in our core values of being ambitious, innovative, and collaborative, we are driven to continuously raise the bar, exceed expectations, and bring out the best in everyone, fostering a culture where we believe we are better together, working towards an extraordinary future in travel. Come help us transform everyday travel into extraordinary experiences.
ABOUT THE ROLE:
Reporting to the VP, Tax & Treasury, As our successful Senior Manager of Treasury, you will be managing the day to day cash management operations of Plusgrade.
You will be an integral part of the Treasury team and will assume ownership of executing key processes within Treasury to facilitate day to day operational activities.
WHAT YOU WILL BE DOING:
Cash Management
Assisting the VP, Tax and Treasury, manage the day to day global cash function including investing, cash concentration, disbursements, account setup and funding, and analysis / reporting on Treasury KPI's
Manage excess cash and maximize the ROI in compliance with the Board approved investment policy, recommending changes to investments and policies to address changes in market conditions
Lead operational improvement projects and procedures for payment operations, bank account openings, bank account maintenance, and other operations activities
Work collaboratively with the FP&A team to accurately forecast cash balances - you will own the company's cash projections by incorporating revenue and expense forecasts, and future tax payments and capital expenditures
Identify and assist in implementing treasury best practices
Manage intercompany funding including timely settlement of intercompany balances
Manage short and long-term subsidiary funding needs while monitoring and assessing economic and regulatory conditions for foreign currency exposure
Lead and manage of a team of 3 Treasury Analysts
Monitor and ensure compliance with banking covenants, including forecasting out cash requirements and their impact on covenants
Foreign Exchange
Execute against the Corporation's FX hedging program, making recommendations on appropriate hedge levels and identifying FX risk areas to senior management
Monitor currency rates to forecasted income statement and balance sheet unrealized gains (losses)
Banking Relationships
Maintain daily banking relationships including bank system reporting, account balances, fees, letters of credit, and corporate guarantees
Manage employee access to banking systems on a global basis
Ensure accurate and complete account maintenance including authorized signatories and approvers, opening and closing accounts, and adding services
External / Internal Reporting, Controls & Compliance
Calculate financial ratios required for credit facility compliance purposes and prepare the compliance package required for submission to lenders
Compile and analyze treasury information to meet monthly, quarterly and fiscal year end management reporting and external auditor requirements
Assist in drafting of Audit Committee / Board slides as it relates to Treasury operations and initiatives
Work with Risk & ePayments team to ensure cash processing is meeting Corporate legal entity structure objectives of Points
Work with IT and banking partners to automate workflows for more efficient and auditable compliance and internal controls
Review and approve month end journal entries and accruals for all loans, foreign exchange and bank transactions
Ensure accuracy and completeness of related general ledger transactions
Review and approve bank reconciliations
Oversee or participate in ad hoc projects and other responsibilities as needed
YOU ARE SOMEONE WITH:
5+ years treasury/accounting/banking experience
Bachelor's degree in finance, accountancy or business administration
Professional designation (CPA (CA/CMA/CGA), CFA, MBA) preferred
Experience with online banking platforms across multiple financial institutions and thorough understanding of cash management methods
Strong understanding of accounting treatments for cash management and funding structures under IFRS as it relates to financial reporting
Experience in a multi jurisdiction & multi currency environment
Strong analytical, problem solving and organizational skills including the capacity to perform detailed analysis while understanding broader context and implications
Is proactive and demonstrates a high level of self- motivation, flexibility and organizational skills
Experience managing priorities in a fast-paced environment. Proven ability to prioritize and tackle multiple tasks in a time sensitive manner
Strong project management skills with demonstrated ability to take initiative, manage projects independently and drive projects to completion
Exhibits strong accountability to duties and responsibilities required of job
Able to effectively communicate verbally and in writing at all organizational levels
WHAT YOU'LL LOVE ABOUT US:
RRSP/401(k) Matching/ Pension Matching
Comprehensive Health Plans
Flexible Paid Time Off
Travel Experience Credit
Annual Wellness Credit
Team Events and Monthly Lunches
Home Office/Commuter Credit
Work From Anywhere Program
Parental Leave Top Up
Adventure Pass
OUR PROCESS:
Plusgrade is an equal-opportunity employer and is committed to providing an accessible recruitment process. We welcome applications from all qualified individuals and are committed to equal employment opportunities regardless of gender identity or expression, race, ethnic origin, creed, place of origin, age, sex, marital status, physical or mental disability, sexual orientation, and any other category protected by law. Upon request, we will provide accommodation for applicants with disabilities.
We believe in diversity and inclusivity and that is why our interview process is designed for a positive candidate experience and to ensure every candidate is evaluated equally. All applications will be reviewed by our Talent Team and the successful candidate(s) will go through the following recruitment process:
Recruiter Phone Interview
Hiring Manager Interview
Take-home Assessment or remote coding exercise (if applicable)
Team Interview
All candidates will be provided with feedback regardless if they pass or didn't pass any of our interview stages. All your information will be kept confidential.
ABOUT THE ROLE:
Reporting to the VP, Tax & Treasury, As our successful Senior Manager of Treasury, you will be managing the day to day cash management operations of Plusgrade.
You will be an integral part of the Treasury team and will assume ownership of executing key processes within Treasury to facilitate day to day operational activities.
WHAT YOU WILL BE DOING:
Cash Management
Assisting the VP, Tax and Treasury, manage the day to day global cash function including investing, cash concentration, disbursements, account setup and funding, and analysis / reporting on Treasury KPI's
Manage excess cash and maximize the ROI in compliance with the Board approved investment policy, recommending changes to investments and policies to address changes in market conditions
Lead operational improvement projects and procedures for payment operations, bank account openings, bank account maintenance, and other operations activities
Work collaboratively with the FP&A team to accurately forecast cash balances - you will own the company's cash projections by incorporating revenue and expense forecasts, and future tax payments and capital expenditures
Identify and assist in implementing treasury best practices
Manage intercompany funding including timely settlement of intercompany balances
Manage short and long-term subsidiary funding needs while monitoring and assessing economic and regulatory conditions for foreign currency exposure
Lead and manage of a team of 3 Treasury Analysts
Monitor and ensure compliance with banking covenants, including forecasting out cash requirements and their impact on covenants
Foreign Exchange
Execute against the Corporation's FX hedging program, making recommendations on appropriate hedge levels and identifying FX risk areas to senior management
Monitor currency rates to forecasted income statement and balance sheet unrealized gains (losses)
Banking Relationships
Maintain daily banking relationships including bank system reporting, account balances, fees, letters of credit, and corporate guarantees
Manage employee access to banking systems on a global basis
Ensure accurate and complete account maintenance including authorized signatories and approvers, opening and closing accounts, and adding services
External / Internal Reporting, Controls & Compliance
Calculate financial ratios required for credit facility compliance purposes and prepare the compliance package required for submission to lenders
Compile and analyze treasury information to meet monthly, quarterly and fiscal year end management reporting and external auditor requirements
Assist in drafting of Audit Committee / Board slides as it relates to Treasury operations and initiatives
Work with Risk & ePayments team to ensure cash processing is meeting Corporate legal entity structure objectives of Points
Work with IT and banking partners to automate workflows for more efficient and auditable compliance and internal controls
Review and approve month end journal entries and accruals for all loans, foreign exchange and bank transactions
Ensure accuracy and completeness of related general ledger transactions
Review and approve bank reconciliations
Oversee or participate in ad hoc projects and other responsibilities as needed
YOU ARE SOMEONE WITH:
5+ years treasury/accounting/banking experience
Bachelor's degree in finance, accountancy or business administration
Professional designation (CPA (CA/CMA/CGA), CFA, MBA) preferred
Experience with online banking platforms across multiple financial institutions and thorough understanding of cash management methods
Strong understanding of accounting treatments for cash management and funding structures under IFRS as it relates to financial reporting
Experience in a multi jurisdiction & multi currency environment
Strong analytical, problem solving and organizational skills including the capacity to perform detailed analysis while understanding broader context and implications
Is proactive and demonstrates a high level of self- motivation, flexibility and organizational skills
Experience managing priorities in a fast-paced environment. Proven ability to prioritize and tackle multiple tasks in a time sensitive manner
Strong project management skills with demonstrated ability to take initiative, manage projects independently and drive projects to completion
Exhibits strong accountability to duties and responsibilities required of job
Able to effectively communicate verbally and in writing at all organizational levels
WHAT YOU'LL LOVE ABOUT US:
RRSP/401(k) Matching/ Pension Matching
Comprehensive Health Plans
Flexible Paid Time Off
Travel Experience Credit
Annual Wellness Credit
Team Events and Monthly Lunches
Home Office/Commuter Credit
Work From Anywhere Program
Parental Leave Top Up
Adventure Pass
OUR PROCESS:
Plusgrade is an equal-opportunity employer and is committed to providing an accessible recruitment process. We welcome applications from all qualified individuals and are committed to equal employment opportunities regardless of gender identity or expression, race, ethnic origin, creed, place of origin, age, sex, marital status, physical or mental disability, sexual orientation, and any other category protected by law. Upon request, we will provide accommodation for applicants with disabilities.
We believe in diversity and inclusivity and that is why our interview process is designed for a positive candidate experience and to ensure every candidate is evaluated equally. All applications will be reviewed by our Talent Team and the successful candidate(s) will go through the following recruitment process:
Recruiter Phone Interview
Hiring Manager Interview
Take-home Assessment or remote coding exercise (if applicable)
Team Interview
All candidates will be provided with feedback regardless if they pass or didn't pass any of our interview stages. All your information will be kept confidential.