Description
General Accountabilities:
- Manage the operational requirements of the Treasury function.
- Support Treasurer's objective of maintaining financial integrity, compliance, effective financial reporting, internal control and prudent cash management.
- Provide support to Senior Management on corporate strategic initiatives, such as acquisitions, divestitures and joint ventures.
- Ensure the appropriate and consistent application of corporate financial reporting policies to report financial results in a timely and effective manner.
Specific Accountabilities:
- Through collateral relationship with and within the context provided by Vice President and Treasurer (i.e. Corporate strategies and policies, accountabilities, tasks, budget and programs, compliance and performance targets, expectations for continuous improvement, etc.), this role will be accountable for the following:
- Provide advice and guidance in the areas of financial and accounting policy for treasury products, including bonds and derivatives, accounting policy procedures, business planning cost control.
- Ensure the appropriate and consistent application of generally accepted accounting principles and corporate financial policies to report financial results and explanation of variances in a timely and effective manner.
- Ensure optimal use of treasury systems to manage cash flow forecasting, bank account administration, settlements, and financial reporting. Lead automation initiatives to enhance treasury efficiency and internal controls.
- Manage and maintain treasury chart of accounts, review of account balances, reconciliations and account structures.
- Perform treasury's monthly/quarterly close and reporting processes, including preparing, inputting and or reviewing journals, and development/production of appropriate financial, management (including performance) reports.
- Perform or review monthly General Ledger Account reconciliations, and calculations relating to financing instruments and derivatives.
- Assist in managing banking relationships, negotiating service agreements and optimizing bank fee structures to ensure cost-effective treasury operations.
- Oversee bank account structures for operational efficiency and compliance. Open, close and monitor the corporation's bank accounts to ensure effective control is in place and in compliance with corporate policies and procedures for bank accounts.
- Prepare working papers and schedules to support the review and/or audit of financial statements.
- Project cashflow receipts and disbursements for the day and execute treasury settlements daily.
- Maintain cash forecasting model and perform cash forecasting activities for forecast periods from one day up to one year
- Manage treasury key performance indicators (KPIs), including developing new KPIs and tracking current KPIs.
- Liaise with Business Units on cashflow forecasting data.
- Perform contract maintenance (such as coupon interest payments, interest rate reset confirmations, note issuance details, investment purchases/sales and maturities etc.), counterparty confirmations, cash settlement and other treasury business support functions/activities.
- Ensure that Corporate guidance on taxation matters relating to treasury products has been followed within Treasury.
- Monitor adherence to treasury bank account and banking policies and procedures by business units and consolidate monthly bank account reconciliations prepared by Treasury and Finance Business Services.
- Provide support to help ensure applicable outsourced and other treasury related services (including banking, remittance processing, custodial, trustee and issuing and paying agent) contracted to external service providers are appropriately delivered.
- Handle Letter of Credit requirements for Business Units and subsidiaries.
- Participate in special studies on major treasury and corporate/business unit systems initiatives.
- Participate in the development of internal control policies and develop procedures as required.
- Ensure that Corporate Internal Audit requirements are met.
- Support corporate strategic initiatives, such as acquisitions, divestitures, limited partnerships and joint ventures.
- Keep abreast of new treasury products, financial accounting and reporting requirements to help assess and meet financial and management reporting requirements, to help establish accounting and other internal controls, policies and procedures and to liaise with systems vendors on developing/modifying/configuring their systems to meet such requirements.
Contact
Hydro One Inc.
483 Bay St
Toronto
Ontario Canada
www.hydroone.com/
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