The Director of Treasury will lead treasury functions associated with a portfolio of commercial real estate assets. The role requires a seasoned treasury professional with a background in the commercial real estate space, and experience managing liquidity, cash-flow forecasting, ensuring security and compliance and creating efficiency both in the management of treasury expenses and the generation of treasury yields. Responsibilities include overseeing daily cash management across a portfolio of 75+ bank accounts, ensuring compliance with various loan and banking documents, managing timelines and processes to ensure timely outcomes and deadline management, ensuring compliance with regulatory requirements and mitigating risk of fraud or data breaches in process and functions. The ideal candidate will possess strong leadership skills, a solid background in financial management, and the ability to provide strategic insights to the leadership team for driving financial stability and growth.
Responsibilities:
Treasury Strategy and Policy Development
- Develop comprehensive treasury strategies and policies that align with the organization's financial objectives and risk tolerance.
- Implement processes to optimize cash management, liquidity forecasting, and working capital management.
- Evaluate and recommend improvements to treasury processes and systems to enhance efficiency and control.
Cash Management
- Manage daily cash movements to cover wires and other financial transactions.
- Manage cash-flow forecasts and collaborate with the CFO to model cash needs based on distributions from real estate assets and contributions needed for development projects.
- Oversee bank account management, including opening, closing, and maintaining accounts, and reporting on associated fees and income generated.
- Manage relationships with banking partners to negotiate banking services, credit facilities, and optimize cash management solutions.
Investor Relations:
- Manage investor distributions, ensuring timely and accurate payments.
- Prepare financial reports and presentations for investors, highlighting the performance and outlook of the company's assets.
Financial Reporting and Compliance
- Prepare and analyze treasury-related financial reports, including cash flow forecasts, liquidity positions, and treasury performance metrics.
- Ensure compliance with accounting standards, regulatory requirements, and internal controls related to treasury operations.
- Collaborate with internal audit and external auditors on treasury-related audits and examinations.
Financial Risk Management
- Identify, assess, and mitigate financial risks including interest rate risk, and credit risk.
- Develop and implement hedging strategies to protect against adverse market movements and ensure financial stability.
- Monitor compliance with risk management policies and regulatory requirements.
Leadership and Team Management
- Lead and mentor a team, fostering a culture of collaboration, professional development, and high performance.
- Provide guidance and support to team members on complex treasury transactions, financial analyses, and strategic initiatives.
- Collaborate cross-functionally with finance, accounting, legal, and operational teams to achieve corporate objectives and initiatives.
Qualifications:
- Minimum of 10 years of active experience in treasury management and financial planning & analysis.
- Strong background in real estate finance, with exposure to retail, hospitality, and development assets.
- Exceptional Excel modeling skills, with active experience in treasury management systems.
- Undergraduate degree in finance from a North American university or college is preferred.
- Strong analytical, problem-solving, and communication skills.
- Ability to work collaboratively with cross-functional teams and senior management.
- Detail-oriented, with a high degree of accuracy in financial analysis and reporting.
Preferred Attributes:
- Proven track record of managing cash-flow forecasts and treasury functions in a real estate development environment.
- Experience in managing investor relations and preparing financial reports for stakeholders.
- Ability to thrive in a fast-paced, dynamic environment and manage multiple priorities effectively.
Requirements:
- Strong analytical, analytical, critical thinking, problem solving and organizational skills;
- Experience working independently as well as collaboratively; effectively managing priorities while meeting hard deadlines;
- Ability to work cross-functionally with ease;
- Experience managing a team including driving their growth and professional development;
- Proficient with the Microsoft Office Suite, including advanced Excel skills;
- Excellent communication and interpersonal skills;
- Self-motivated, initiative taker.
- Highest ethical and professional conduct and integrity
