Elexicon Energy is the fourth-largest municipally owned electricity distributor in Ontario. Our mission is to provide our customers with reliable, affordable energy services and to continuously improve to meet their needs, while ensuring the needs of our shareholders are met through sustainable growth.

WHY JOIN OUR TEAM?

At Elexicon Energy we believe in living and leading our values through our daily actions. Our people are passionate about what they do and are engaged in day-to-day operations, projects and initiatives to support Our Why of empowering the communities we serve and helping customers create the possibilities that energize their future. This is an exciting time to join our growing team as we develop the strategies and plans to support a new brand and vision for customer centricity and operational excellence!

Reporting to the Director of Finance, the Manager, Treasury is responsible for managing the company’s treasury functions, including effective cash management, banking relationships, and financial risk management. This role involves strategic planning, analysis, and execution of treasury operations. The ideal candidate will have a strong background in treasury, cash management programs, cashflow forecasting, and debt issuances and management, with a keen understanding of finance and accounting, and regulatory requirements.

DUTIES AND RESPONSIBILITIES

Cash Management and Treasury

• Develop and execute strategies for cash management, liquidity forecasting, capital structure, and working capital optimization.
• Lead daily treasury operations, including cash positioning, bank account reconciliation, and short term liquidity management.
• Manage cash forecasting processes to ensure sufficient funding for operational and strategic requirements.
• Monitor cash flow, working capital, financial risks, and instrument valuations; perform financial covenant testing and implement mitigation strategies.
• Oversee investment activities to ensure optimal utilization and safeguarding of company funds.
• Manage banking, investor, and credit rating agency relationships, securing favorable terms for loans, credit facilities, and other financial services.
• Administer banking systems, including user access, permissions, and the full lifecycle of bank accounts (setup, maintenance, and closure).
• Ensure treasury documentation, signing authorities, and internal controls are current and compliant.
• Manage new and existing loan agreements and support negotiations with lenders.
• Support the CFO in developing and executing the corporate financial strategy.
• Oversee financial prudential requirements with the IESO, including margin calls, prepayments, and settlements for wholesale commodity purchases.
• Manage existing financial obligations, including dividend distributions, interest payments, and other recurring commitments.
• Develop, implement, and maintain the corporate purchasing card policy.

Cash Applications (AR application)

• Oversee Accounts Receivable payment processing to ensure timely and accurate application of customer payments.
• Manages Accounts Receivable payment processing to customers’ accounts.
• Support staff in research of reconciling items and processing problem resolution.
• Assist with preparation, review, and maintenance of complete, timely, and comprehensive monthly and yearly files and analysis.
• Prepare general ledger journal entries as required.
• Assist with ad hoc analysis/reporting on various financial and non-financial data.

Reporting and Analysis

• Prepare and present reports on treasury performance to senior management, as needed.
• Conduct financial analysis to support strategic decision-making and identify opportunities for cost savings and efficiency improvements.
• Ensure timely and accurate reporting of financial data and compliance with regulatory requirements.
• Provide information, data and analysis with regards to treasury to support regulatory processes, rate applications, and other activities, as required
• Develop financial analyses and reports related to capital structure, financing, cash flow, taxation, unregulated business lines, and asset performance.

Risk Management

• Identify and assess financial risks, including interest rate and liquidity and credit risks.
• Develop and implement risk management strategies and hedging programs as needed.
• Ensure proper internal controls are in place to safeguard assets and ensure compliance.

Team Leadership and Development

• Lead and support a team of treasury professionals, fostering a collaborative and high-performance work environment.
• Oversee the development and implementation of policies and procedures related to treasury functions.
• Coordinate with internal and external stakeholders to ensure smooth execution of financial operations.
• Manage departmental budget and resources efficiently.

WHAT YOU NEED TO BE SUCCESSFUL

• Knowledge of Ontario Energy Board Accounting procedures for electric utilities would be an asset.
• Strong analytical and problem-solving skills, with the ability to interpret complex financial data and provide strategic recommendations.
• Excellent communication and interpersonal skills, with the ability to interact effectively with all levels of the organization, including senior management, external advisors, and regulatory bodies.
• Proven leadership and team management abilities, with a track record of driving performance and achieving results.
• Excellent analytical, problem-solving, and organizational skills.
• Ability to work independently and manage multiple priorities

MINIMUM REQUIREMENTS

• Bachelor’s degree in finance, Accounting, Economics, or a related field; CPA, CFA, or other relevant certifications preferred.
• Minimum of 5-7 years of experience in treasury management, preferably within the utilities or energy sector.
• In-depth knowledge of treasury operations and financial markets in Ontario.

Compensation Package: $132,800.00 - $166,000.00 CAD annually + Competitive Bonus + Benefits + OMERS Pension Plan

The above range reflects the reasonable estimate for the position at the time of posting. Within the range, hiring compensation will be determined based on relevant qualifications, experience, skillset, education/ training, and other organizational needs.

Note: This posting is for a replacement role.

Our Commitment to Diversity, Equity, Inclusion and Belonging:
Elexicon Energy embraces and celebrates our collective diversity. We are committed to fostering an inclusive, diverse and equitable workplace built on respect, support and collaboration.

Elexicon Energy is an equal opportunity employer. We value an inclusive and supportive workplace which truly reflects the diversity of the communities we serve. We welcome all individuals to apply and do not discriminate on the basis of race, national origin, gender, gender identity, sexual orientation, disability, age, Indigenous/Métis status, or other legally protected status.

In accordance with the Ontario Human Rights Code and Accessibility for Ontarians with Disabilities Act, 2005, accommodation is available upon request at any point during the recruitment process. If you require accommodation please email us at HR@elexiconenergy.com and we will work to meet your needs.

We thank all applicants; however, only those to be considered will be contacted.