Renewable Energy & Regulated Utility – Director, Treasury & Treasurer – Oakville
Job Description
Description
Algonquin Power & Utilities Corp. (‘APUC’) is a growing renewable energy and regulated utility company with over $1.2 billion in assets across North America. APUC actively invests in hydroelectric, wind and solar power facilities, and sustainable utility distribution businesses (water, electricity and natural gas) through its two operating subsidiaries: Algonquin Power Company and Liberty Utilities.
Algonquin Power Company (‘APC’) owns a direct or indirect equity interest in 43 hydroelectric generating facilities, 2 wind energy facilities, 1 energy from waste facility, 3 biomass-fired generating facilities, and 5 natural gas cogeneration facilities.
Liberty Utilities (‘Liberty’) provides water, electricity, and gas utility services to communities across the United States. Serving over 120,000 customers in six states, Liberty Utilities is unique among its peers for its commitment to Community, Conservation and Customer Care. Liberty Utilities upholds the highest standards of service to meet the day-to-day needs of its customers and offers employee programs that recognize superior customer support and contribution to community. Liberty Utilities has operations in Arizona, California, Illinois, Missouri, New Hampshire and Texas.
Scope of Position
The Director of Treasury & Treasurer (‘Treasurer’) will contribute to the profitability of Algonquin Power & Utilities Corp (‘APUC’) while maintaining and adhering to the operational requirements through the Treasury function. Reporting to the Chief Financial Officer, the Treasurer will oversee all Treasury activities, including cash management and forecasting, short-term investing, financial risk management and ensuring adequate liquidity for APUC and its subsidiaries.
Functional Tasks
- Treasury Oversight – Build a full service treasury function to support APUC’s treasury requirements and continued growth in utilities. Lead the development, implementation and monitoring of policies, procedures and practices for liquidity and funding management, cash and investment portfolio management, asset-liability management, interest rate management, financial modeling and analysis and capital management for each of APUC, APC and Liberty.
- Cash and Short-Term Investment Management – With a view to capital preservation, manage the cash reserves of the Company and seek to optimize return on invested funds while ensuring the safeguarding of its assets. Ongoing monitoring of counterparty risk, analysis of cash forecasts looking at investment horizons, market/economic pattern and trend analysis; maintenance of banking relationships; assessment of banking rules and restrictions; ensuring compliance with financial risk management policy; etc.
- Managing financial risk – Continually review and assess financial risk exposures and recommend/ develop risk management strategies including the development of financial risk management policies and guidelines; monitoring and reporting of financial risk exposures; managing appropriate risk mitigation including, hedging programs consistent with approved financial risk management policy; reviewing corporate structure amendments, with the CFO and other senior members of the finance group and propose financial risk management strategies as these relate to Treasury.
- Fundraising – Participate in fund raising efforts in capital markets through either
Company
Stonewood Group Inc.
Location
Oakville
Country
Canada
Salary
150.000
URL