Senior Manager, Corporate Finance - Treasury
Apply NowCompany: Canadian Pacific Railway Limited
Location: Montreal, QC H1A 0A1
Description:
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 Manager, Corporate Finance is responsible for the development and implementation of strategies covering all aspects of the Treasury front office activities. The incumbent interacts with a number of internal and external stakeholders holding senior level positions.
Main Responsibilities
Monitor Liquidity for Diversified Sources of Funding
Develop and present liquidity and funding plans for the Chief Financial Officer (CFO)
Support the development, communication, and execution of the long-term financial strategy
Recommend and implement cost-effective debt strategy to meet the Company's capital and liquidity requirements
Monitor debt capital markets and lead the bond issuance activities
Structure, negotiate and handle CN's revolving credit facilities, term loans, bilateral letter of credit facilities as well as other specialized arrangements, such as addressing any required changes
Handle the commercial paper program and various dealer agreements
Handle the accounts receivables securitization facility
Oversee the Company's portfolio of letters of credit and handle the issuance and amendment requests with the various banks
Conduct financial analysis and modelling to support treasury decisions, including evaluating financial opportunities, debt financing options, and capital structure optimization
Call and refinance outstanding bonds
Act as a backup for the money market, short-term investment, spot foreign exchange (FX) transactions, FX swaps, and commercial paper issuances
Keep abreast of economic market conditions and developments that may impact the Company and share related insight to support ongoing decision making, financial planning, and risk assessment
Financial Risk Management
Develop and implement risk management strategies to mitigate financial risks such as foreign exchange, interest rate, and credit risks
Assess and handle counterparty risk associated with banking relationships and financial instruments
Negotiate International Swaps and Derivatives Association (ISDA) contracts
Prepare Presentation and Support Ad Hoc Projects
Develop presentations to advance various recommendations to the Audit, Finance and Risk Committee of the Board of Directors or to Senior Management
Develop presentations to rating agencies, to fixed income investors, and others as needed
Provide financial expertise on a wide array of significant projects (e.g., major mergers and acquisitions, real estate, captive insurance, stock-based compensation, pension, taxation)
Partner with Tax to implement, document, and monitor the pricing applicable to intercompany loans
Review CN's customer credit risk profiles and propose risk mitigation measures
Analyze payment terms to support Supply Management in optimizing payment discount arrangements on prepayments
Prepare credit metrics based on rating agencies' different methodologies and keep abreast with their changes
Monitor peers' earnings and update benchmarking analysis
Support financial reporting activities and ensure the Company's external reporting is accurate
Support Pension and Leasing activities, with third parties or intercompany
Lead Shareholder Distribution Activities
Resolve the optimal capital structure and the corresponding dividend policy and share repurchase programs
Set up and execute share repurchase programs coordinating CN's dealers and sellers through private agreements
Ensure timely submission of application to regulators and receipt of approval from regulators
Ensure perfect execution of the program while minimizing the cost versus the average daily volume weighted average price (VWAP)
Prepare reports on a timely basis
Manage Relationships
Establish and maintain relationships with financial institutions that are currently part of CN's credit facilities
Handle the relationship with the rating agencies, review their periodic reports, and keep them up to date on CN's financial initiatives
Collaborate with cross-functional teams, including Financial Reporting, Accounting, and Legal, operations to support treasury initiatives and business objectives
Working Conditions
The role has standard working conditions in an office environment with a regular workweek from Monday to Friday, with overtime when required. Due to the nature of the role, the incumbent must be able to meet tight deadlines, handle pressure, and stress.
Requirements
Experience
Financial Market or Treasury
Minimum 10 years of experience in a position related to financial markets or in a treasury function
Education/Certification/Designation
Bachelor's Degree in Finance, Mathematics or Economics
Chartered Financial Analyst (CFA) certification*
Chartered Professional Accountant (CPA) certification or any other accounting designation*
Master's Degree in Business Administration or Science (MBA, MSc) *
*Any designation for these above would be considered as an asset
Competencies
Demonstrates agility and drives change
Applies critical thinking
Knows the business and stays current on industry needs
Collaborates with others and shares information
Communicates with impact
Identifies needs and finds solutions to create value for all stakeholders
Technical Skills/Knowledge
Strong understanding of financial markets and capital market dynamics
Proficient in financial analysis and modelling
Proficient in reviewing and commenting of legal documentation
Knowledge of Microsoft Office (Excel, PowerPoint) and Bloomberg
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 [redacted].
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.
Job Summary
The Senior Manager, Corporate Finance is responsible for the development and implementation of strategies covering all aspects of the Treasury front office activities. The incumbent interacts with a number of internal and external stakeholders holding senior level positions.
Main Responsibilities
Monitor Liquidity for Diversified Sources of Funding
Develop and present liquidity and funding plans for the Chief Financial Officer (CFO)
Support the development, communication, and execution of the long-term financial strategy
Recommend and implement cost-effective debt strategy to meet the Company's capital and liquidity requirements
Monitor debt capital markets and lead the bond issuance activities
Structure, negotiate and handle CN's revolving credit facilities, term loans, bilateral letter of credit facilities as well as other specialized arrangements, such as addressing any required changes
Handle the commercial paper program and various dealer agreements
Handle the accounts receivables securitization facility
Oversee the Company's portfolio of letters of credit and handle the issuance and amendment requests with the various banks
Conduct financial analysis and modelling to support treasury decisions, including evaluating financial opportunities, debt financing options, and capital structure optimization
Call and refinance outstanding bonds
Act as a backup for the money market, short-term investment, spot foreign exchange (FX) transactions, FX swaps, and commercial paper issuances
Keep abreast of economic market conditions and developments that may impact the Company and share related insight to support ongoing decision making, financial planning, and risk assessment
Financial Risk Management
Develop and implement risk management strategies to mitigate financial risks such as foreign exchange, interest rate, and credit risks
Assess and handle counterparty risk associated with banking relationships and financial instruments
Negotiate International Swaps and Derivatives Association (ISDA) contracts
Prepare Presentation and Support Ad Hoc Projects
Develop presentations to advance various recommendations to the Audit, Finance and Risk Committee of the Board of Directors or to Senior Management
Develop presentations to rating agencies, to fixed income investors, and others as needed
Provide financial expertise on a wide array of significant projects (e.g., major mergers and acquisitions, real estate, captive insurance, stock-based compensation, pension, taxation)
Partner with Tax to implement, document, and monitor the pricing applicable to intercompany loans
Review CN's customer credit risk profiles and propose risk mitigation measures
Analyze payment terms to support Supply Management in optimizing payment discount arrangements on prepayments
Prepare credit metrics based on rating agencies' different methodologies and keep abreast with their changes
Monitor peers' earnings and update benchmarking analysis
Support financial reporting activities and ensure the Company's external reporting is accurate
Support Pension and Leasing activities, with third parties or intercompany
Lead Shareholder Distribution Activities
Resolve the optimal capital structure and the corresponding dividend policy and share repurchase programs
Set up and execute share repurchase programs coordinating CN's dealers and sellers through private agreements
Ensure timely submission of application to regulators and receipt of approval from regulators
Ensure perfect execution of the program while minimizing the cost versus the average daily volume weighted average price (VWAP)
Prepare reports on a timely basis
Manage Relationships
Establish and maintain relationships with financial institutions that are currently part of CN's credit facilities
Handle the relationship with the rating agencies, review their periodic reports, and keep them up to date on CN's financial initiatives
Collaborate with cross-functional teams, including Financial Reporting, Accounting, and Legal, operations to support treasury initiatives and business objectives
Working Conditions
The role has standard working conditions in an office environment with a regular workweek from Monday to Friday, with overtime when required. Due to the nature of the role, the incumbent must be able to meet tight deadlines, handle pressure, and stress.
Requirements
Experience
Financial Market or Treasury
Minimum 10 years of experience in a position related to financial markets or in a treasury function
Education/Certification/Designation
Bachelor's Degree in Finance, Mathematics or Economics
Chartered Financial Analyst (CFA) certification*
Chartered Professional Accountant (CPA) certification or any other accounting designation*
Master's Degree in Business Administration or Science (MBA, MSc) *
*Any designation for these above would be considered as an asset
Competencies
Demonstrates agility and drives change
Applies critical thinking
Knows the business and stays current on industry needs
Collaborates with others and shares information
Communicates with impact
Identifies needs and finds solutions to create value for all stakeholders
Technical Skills/Knowledge
Strong understanding of financial markets and capital market dynamics
Proficient in financial analysis and modelling
Proficient in reviewing and commenting of legal documentation
Knowledge of Microsoft Office (Excel, PowerPoint) and Bloomberg
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 [redacted].
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.