Director Global Treasury (Assistant Treasurer)

Job Summary

The Director of Global Treasury (Assistant Treasurer) reporting to the VP of Tax & Treasury oversees the treasury management across all entities within the Apotex Group of Companies globally. Serving in a leadership position this role will have operational ownership of day-to-day Treasury operations and will assist the Treasurer and CFO with material strategic initiatives involving capital allocation and cash management. This role is responsible for the preparation monitoring management and control of Treasury activities throughout the global Apotex organization including the management of the banking group credit rating agencies and other key constituents.

This role is intended to be filled by a candidate with the both the leadership and technical potential to become Apotexs global Treasurer within 3-5 years.

Job Responsibilities

• Supervise all operating matters related to the Global Treasury department within Corporate Finance.
• Manage day-to-day working relationships with key banking partners insurance companies accounting and legal consultants and rating agencies as needed.
• As needed assist HR and other internal constituent groups who rely upon Treasury specifically equity compensation retirement savings and pension/other benefit plans.
• Ensure Treasury activities are in compliance with internal policies including corporate governance policies and internal controls. Update policies as needed to align with the companys requirements.
• Evaluate and adjust the companys Insurance / Risk Management programs partnering with Insurance brokers to ensure the appropriate level of risk coverage.
• Understand the terms condition and covenants within the companys debt instruments credit facilities and other financing arrangements to ensure all compliance and reporting obligations are met. This includes preparing or collecting reviewing and presenting cashflow and financial reporting to satisfy the requirements of the agreement.
• Assist the Treasurer with regular meetings with the credit rating agencies proactively gathering information as needed to support the companys credit rating.
• Lead the execution of the monthly reporting on Debt and Liquidity positions. This includes forecasting covenant compliance for both current and upcoming quarters highlighting any potential compliance issues as well available liquidity by jurisdiction. Review and summarize intercompany transactions and movements in balances.
• Develop and maintain a detailed cash management report dashboard and cash flow monitoring tools at both a legal entity and a consolidated level.
• Oversee day to day banking activity within Apotex Inc managing relationships with the banking group and ensuring adequate internal controls are in place safeguarding Apotex assets.
• Partner with the CFO and Corporate Controller to develop a capital allocation plan to support the companys capital allocation objectives. Oversee daily cash flow positions and ensure sufficient funds are available to meet ongoing operational and capital investment requirements.
• Evaluate and maintain supplier financing programs as needed partnering across the business to support future growth.
• Work with the Financial Reporting teams across the organization to ensure accuracy of all associated postings in respect of Treasury.
• Provide leadership and direction to the affiliates to ensure timely and accurate reporting on an ongoing basis.
• Assess the sufficiency of foreign currency interest rate and commodities hedging programs. Adjust the hedging policies as agreed with the CFO and the companys board. Partner with the Corporate Accounting team to ensure compliance with hedge accounting rules where relevant.
• Utilize open honest two way communication to build trust-based relationships with employees business partners and direct leader while continuously improving leadership capabilities by personally seeking feedback and development.
• Create a culture which values trust and provides the opportunity for Employee development and growth in pursuit of our purpose and demonstrating our core Values Teamwork Innovation Integrity and Perseverance and Passion.
• Attract and hire talent in a comprehensive differentiated and consistent manner essential to our continued growth. Onboard new employees by providing a consistent experience that reflects the values and commitments made to candidates during the hiring process.
• Ensure adherence of team members (direct reports) with all compliance programs and company policies and procedures.
• All other duties as assigned.

Job Requirements

Education

• Minimum of a Masters degree in Accounting Finance or Economics.
• CPA or CA
• Knowledge Skills and Abilities
• Possess exceptional written and verbal communication skills including the ability to articulate recommendations concisely and timely
• Intrinsically curious and motivated by attention to detail and quality of work
• Ability to make sound decisions and resolve problems

Experience

• 15 years of progressive relevant experience.
• A minimum of 10 years of treasury leadership experience within Global organizations working with multi currency and complex financial transactions