Manager, Corporate Liquidity Planning

Location:

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Location: Toronto, Ontario
Department: Treasury

Work Model: Minimum 4 days in the office per week

Overview:
George Weston Limited (“GWL”) is a major Canadian public company, founded in 1882. GWL’s portfolio of companies includes Loblaw Companies Limited and Shoppers Drug Mart, representing Canada’s largest food and drug retail businesses, and Choice Properties REIT which is Canada’s preeminent diversified Real Estate Investment Trust.  Choice Properties REIT owns over 700 high quality commercial and residential properties across Canada, and with over 2,400 stores, Loblaw and Shoppers Drug Mart retail operations reach most Canadians, serving their everyday food, health, and wellness needs.  Through this group of companies, GWL owns and operates several iconic Canadian brands including Loblaw, Shoppers Drug Mart, President’s Choice, No Name, Life, Joe Fresh, Quo, PC Financial and T&T Supermarket.

Reporting to the Senior Director, Treasury & Liquidity Management, the Manager, Treasury will be responsible for supporting the cash flow forecast (including for the strategic plan), and cash reporting activities for the George Weston group of companies.  

As the successful candidate, you will be provided with the unique opportunity to develop and build your technical and foundational knowledge of key Treasury functions. We believe in building our talent within; creating opportunities for our employees to grow the skills necessary to advance and prosper in future opportunities within the Organization.

Responsibilities

• Develop and implement strategies for efficient working capital utilization and management of liquidity levels across the enterprise
• Lead liquidity planning, including analyzing cash flow trends, projecting future funding needs, and implementing solutions to maintain adequate liquidity
• Prepare and monitor short-term cash flow forecasts for the George Weston group of companies
• Develop strong partnerships across the business to understand future liquidity and working capital requirements for the operating businesses
• Assess cash flow forecast accuracy by performing financial and variance analysis while communicating updates to senior management on a timely basis
• Proactively seek opportunities to optimize liquidity processes and drive forecast improvements by leveraging technology and Statistical & Machine learning models
• Enhance reporting capabilities by integrating data from various data systems and creating dashboards using PowerBI, Python, etc.
• Analyze and interpret data received from the operating businesses and provide recommendations to improve working capital and/or cash flows
• Prepare cash reports and support the review of financial statements as it relates to cash flow and liquidity
• Assist in preparing presentations in support of board meetings, monthly/quarterly senior leadership meetings of the company
• Work closely with the company’s internal Treasury Management System to input and/or approve transactions
• Perform cash management activities related to debt borrowings
• Train and develop junior team members by providing timely feedback, training, and mentoring (liquidity planning, forecasting, etc.), setting clear growth plans and development goals while modeling inclusive, resilient leadership.
• Support other Treasury initiatives and functions, as required
   

Qualifications:

• 4+ years of experience in managing liquidity or in a similar capacity
• A Finance, Business, Accounting related degree (or similar) is required. Accounting/Finance designation (CPA or CFA) is preferred
• Experience with Power BI/DAX, and Python for dashboard creation and data analysis. Basic understanding of forecasting models and statistical techniques.
• Strong grasp of accounting concepts, working capital, and financial statements.
• Self-starter with a willingness to actively engage with stakeholders to better understand the business
• Strong quantitative and analytical skills with aptitude for creating effective spreadsheets and explaining variances
• Excellent interpersonal and communication skills (both written and verbal) and able to communicate with all levels of the organization, in a professional and competent manner

What’s in it for you?

• Unique opportunity to join a dynamic team with a proven industry leader.
• Ongoing opportunities for learning and career development within the Weston companies.
• Dynamic and fast-paced work environment.
• A competitive compensation and benefits package.
• Employee share ownership program and pension plan.
• Continuous learning through development reimbursement.
• Business-casual attire / Dress for your day.
• Strong culture of diversity and inclusivity.
• Commitment to community support and volunteerism.
• Recognition and social events

Hiring Range: $105,000 - $135,000/year

A candidate’s experience and knowledge as well as the geographical region in which the position is located may be factored into the pay a candidate receives for this position. This posting is for an existing vacancy. The Company uses artificial intelligence for the purpose of screening, assessing, and/or selecting applicants for this position.

George Weston Limited recognizes Canada's diversity as a source of national pride and strength. We have made it a priority to reflect our nation’s evolving diversity in the products we sell, the people we hire, and the culture we create in our organization. Accommodation is available upon request for applicants and colleagues with disabilities.

In addition, we believe that compliance with laws is about doing the right thing.  Upholding the law is part of our Code of Conduct – it reinforces what our customers and stakeholders expect of us.

Number of Openings

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