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About the Role

Reporting to the VP, Treasury, the Director of Treasury is responsible for supporting the cash flow forecast, strategic planning and working capital management for the George Weston Group of Companies. The successful candidate will lead a key strategic facet of the Treasury function, building and fostering a collaborative team environment while providing mentorship.

Responsibilities

• Create liquidity funding plan that aligns and supports organizational capital allocation plan/framework.
• Develop strong partnerships across the business to understand future liquidity and working capital requirements for the operating businesses.
• Drive improvements on short-term cashflow forecast across the enterprise.
• Understand and manage components of working capital requirements across the business to drive improvements in indirect cashflow forecasting and cash conversion metrics.
• Strategic oversight and execution of Loblaw Supplier Finance program, working closely with Enterprise Procurement to manage operating plan and financial targets.
• Proactively seek opportunities to optimize liquidity processes and drive forecast improvements by leveraging technology and statistical models.
• Regularly review key performance indicators related to working capital, such as inventory turnover and days payable outstanding (DPO) and help identify areas for improvement.
• Assist in preparing presentations in support of board and shareholder meetings, monthly/quarterly senior leadership meetings and various strategic committees.
• Oversight of short-term investment portfolio and management of investment principles, tenor and instruments that align to governance model and external market environment.
• Support other Treasury initiatives and functions, as required.

Requirements

• CPA designation is a requirement.
• University degree in Business, preferably in Finance, Economics, Accounting, or Math.
• 6+ years working in a Corporate Treasury environment.
• 3+ years in a leadership role.
• Proven experience in managing teams in a dynamic environment.
• Strong leadership capabilities with a track record of successfully building, guiding and developing teams.
• Experience in mentoring, coaching, and developing team members.
• Excellent interpersonal and communication skills (both written and verbal).
• Demonstrates the ability to negotiate effectively.
• Extensive experience in corporate liquidity management using both direct and indirect method.
• Experience analyzing/interpreting retail working capital and its impact of cash flow metrics.
• Strong quantitative and analytical skills.
• Comfortable interpreting and reviewing financial statements and respective external disclosures.
• Firm understanding of the Canadian and US payment landscape and associated cash management structures, tools and services.

Skills

• MBA/CFA/CTP designations (asset)
• Retail industry experience (asset)
• Power BI/DAX, and Python for dashboard creation and data analysis (asset)

Location

• Toronto, Ontario

Work Type

• Full-time

Experience Level

• 6+ years in Corporate Treasury
• 3+ years in a leadership role

Education Level

• University degree in Business (Finance, Economics, Accounting, or Math preferred)
• CPA designation required
• MBA/CFA/CTP designations considered an asset

Salary/Compensations

• Base salary of $170,000 - $190,000 per year, plus applicable bonus.

Benefits

• Competitive compensation and benefits package
• Employee share ownership program
• Pension plan
• Continuous learning through development reimbursement
• Summer hours
• Business-casual attire / Dress for your day
• Recognition and social events

About the Company

• George Weston Limited (GWL) is a major Canadian public company founded in 1882.
• GWL's portfolio includes Loblaw Companies Limited and Shoppers Drug Mart, Canada's largest food and drug retail businesses.
• It also includes Choice Properties REIT, Canada's preeminent diversified Real Estate Investment Trust, owning over 700 properties.
• GWL owns and operates iconic Canadian brands including Loblaw, Shoppers Drug Mart, President’s Choice, No Name, Life, Joe Fresh, Quo, PC Financial and T&T Supermarket.

Equal Opportunity

• George Weston Limited recognizes Canada's diversity as a source of national pride and strength.
• It is a priority to reflect Canada's evolving diversity in products, hiring, and culture.
• Accommodation is available upon request for applicants and colleagues with disabilities.
• Compliance with laws is part of the Code of Conduct.