Loading...
Share this Job
Apply now »

Director Treasury Operations & Risk Management

Our purpose is sustaining energy and water for life, and it is demonstrated in everything we do as a business, and as an employee team.

Purpose

 

The Director of Treasury Operations and Risk Management will contribute to the profitability of Algonquin Power & Utilities Corp (‘APUC’) by managing the operational requirements of the Treasury function, overseeing working capital management and ensuring market risk tolerance limits as prescribed by the Commodity Risk Management policy are adhered to through arm’s length oversight of energy trading activities. The position reports to the Vice President Treasury.

Accountabilities

 

Banking and Cash Management Oversight

  • Overall responsibility for banking and cash management activities, including intercompany lending and capital flows across a complex international organization consisting of over 300 legal entities
  • Consider all stakeholder requirements, in particular working closely with the corporate tax and financial reporting groups
  • Oversee the issuance of letters of credit and/or parental guarantees to third parties
  • Lead the implementation of supply chain finance programs and accounts payable financing 

 

Cash Forecasting and Liquidity Management

  • Lead the development, implementation and monitoring of policies and procedures for liquidity and funding management
  • Reconcile short term cash requirements with the company’s medium and long term plans 
  • Manage multiple liquidity pools, credit facilities and commercial paper program

 

Energy Middle Office

  • Lead the Commodity Risk Management Committee. The Committee provides a framework which governs energy marketing activities, reporting and procedures which are in place to optimize and de-risk assets which are subject to merchant mechanisms and market influences while supporting the achievement of broader corporate objectives, including improved risk adjusted returns and financial sustainability 
  • Develop and maintain an appropriate autonomous market risk limits framework with applicable limits and triggers
  • Oversee risk exposure measurement and limit monitoring processes to ensure integrity and appropriate independence of reporting
  • Participate in the development of business-level stress testing that properly considers risk concentrations; review results and assess appropriate follow-up actions

 

Credit

  • Oversee fundamental credit risk analysis assessments of counterparties in a range of industry verticals including generating shadow ratings using best-in-class credit rating models
  • Propose sensible credit limits for transactions with counterparts
  • Partner with the commercial teams to negotiate transaction structures as well as master agreements

 

Financial Risk Management

  • Continually review and assess financial risk exposures and recommend risk management strategies in accordance with established policies
  • Introduce best practices for the monitoring and reporting of financial risk exposures

 

Reporting & Compliance

  • Oversee internal and external Treasury Reporting, including: (i) preparation of the quarterly treasury report to the Board of Directors, (ii) banking and debt compliance, (iii) tax related internal financing compliance (iv) Dodd-Frank, ISDA and other reporting, (v) reports to miscellaneous stakeholders as required
  • Continually monitor adherence to internal controls, company policies, procedures, SOX requirements and GAAP. Expedite remediation of any control deficiencies
  • Responsible for the issuance of Company shares and payment of dividends as declared
  • Facilitate execution and settlement of at the market equity offerings
  • Assist in fund raising efforts in the bank, debt and equity markets
  • As required, participate in M&A activities
  • Identify opportunities to improve returns and/or revenues through innovative strategies
  • Optimize the utilization of the treasury management system (Kyriba) and integration with ERP system (SAP)

Education and Experience

 

  • Bachelor’s degree in business required, MBA an asset
  • CFA, CTP, or CPA designation an asset
  • Minimum 5 years in a senior Treasury role within a large organization
  • Exposure to commodity Risk Management an asset
  • Proven track record of project initiation/execution in a fast-paced professional setting
  • Demonstrated experience or ability in training and developing junior staff members.
  • Excellent written and verbal communication skills.
  • Ability to execute complex deliverables on a timely basis while managing competing priorities
  • Collaborative team player that can work independently with minimal supervision.
  • Highly motivated, committed, self-starter and can adapt with changing priorities.

Algonquin Power & Utilities Corp. is a growing renewable energy and utility company with over $15 billion1 of assets across North America and internationally.

For more than 30 years, Algonquin has demonstrated an unwavering commitment to delivering clean energy and water solutions. Our rapid growth has led both our regulated utility services and renewable energy business groups into different geographies and commodities, but our purpose remains unchanged – Sustaining Energy and Water for Life.

Through our operating business (Liberty), we provide regulated electricity, water, and natural gas utility services to over 1 million customer connections, primarily in North America. And, our growing portfolio of clean, renewable wind, solar, hydro and thermal power generation facilities represent over 3 GW of renewable generation capacity in operation and under construction.1

With our robust, diversified, and growing presence in communities across North America and internationally, we are continually demonstrating our “Think Global, Act Local” business model.

What we offer

Collaborative environment with a genuine flexible working policy

Share purchase/match plan

Defined Contribution savings plan

Top Talent Program

Volunteer paid days off

Employee Assistance Program

Achievement fund

Free parking, including free electrical charging

 

We are focused on building a diverse and inclusive workforce.  If you are excited about this role and are not certain you meet the all the qualification requirements, we encourage you to apply to further investigate the opportunity.

We are an equal opportunity employer and value each person’s unique background, diversity, experiences, perspectives and talents. Full participation of all employees in a safe, healthy and respectful environment is key to individual and company success. We are committed to fully utilizing the abilities of all of our employees and expect each of our employees to honor this commitment in their daily responsibilities.

Apply now »