Jobs at George Weston Limited (Now Hiring) — 3 open

Location:

22 St. Clair Avenue East, Toronto, Ontario, M4T 2S7

The decision to join a company is a big one. We have opportunities for hard working, energetic and reliable people just like you.

Director, Treasury – Working Capital and Liquidity Management

Location: Toronto, Ontario
Department: Treasury

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 VP, Treasury, the Director of Treasury is responsible for supporting the cash flow forecast, strategic planning and working capital management for the George Weston Group of Companies (including Loblaw and Choice Properties).

As the successful candidate, you will be provided with the unique opportunity lead a key strategic facet of the Treasury function. In this capacity, you will build and foster a collaborative and high-performance team environment, while providing mentorship and guidance to team members.

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

• Create liquidity funding plan that aligns and supports organizational capital allocation plan/framework
• Develop strong partnerships across the business to understand future liquidity and working capital requirements for the operating businesses
• Drive improvements on short-term cashflow forecast across the enterprise
• Understand and manage components of working capital requirements across the business to drive improvements in indirect cashflow forecasting and cash conversion metrics
• Strategic oversight and execution of Loblaw Supplier Finance program. Work closely with Enterprise Procurement team to manage operating plan and successful achievement of financial targets.
• Proactively seek opportunities to optimize liquidity processes and drive forecast improvements by leveraging technology and statistical models
• Regularly review key performance indicators related to working capital, such as inventory turnover and days payable outstanding (DPO) and help identify areas for improvement
• Assist in preparing presentations in support of board and shareholder meetings, monthly/quarterly senior leadership meetings and various strategic committees of the company
• Oversight of short-term investment portfolio and management of investment principles, tenor and instruments that align to governance model and external market environment
• Support other Treasury initiatives and functions, as required

Qualifications:

• CPA designation is a requirement for the role. University degree in Business, preferably in Finance, Economics, Accounting, or Math. MBA/CFA/CTP designations would be considered an asset
• 6+ years working in a Corporate Treasury environment with 3+ years in a leadership role. Retail industry would be an asset.
• Proven experience in managing teams in a dynamic environment. Strong leadership capabilities with a track record of successfully building, guiding and developing teams.
• Experience in mentoring, coaching, and developing team members to enhance their technical skills, performance and leadership behaviours
• Excellent interpersonal and communication skills (both written and verbal) and able to communicate and with all levels of the organization, in a professional, clear and compelling manner.
• Demonstrates the ability to negotiate effectively to achieve favorable outcomes and drive business success
• Extensive experience in corporate liquidity management using both direct and indirect method.
• Experience analyzing/interpreting retail working capital and its impact of cash flow metrics
• Strong quantitative and analytical skills. Comfortable interpreting and reviewing financial statements and respective external disclosures
• Firm understanding of the Canadian and US payment landscape and associated cash management structures, tools and services
• Experience with Power BI/DAX, and Python for dashboard creation and data analysis is an asset

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.
• Summer hours.
• Business-casual attire / Dress for your day.
• Strong culture of diversity and inclusivity.
• Commitment to community support and volunteerism.
• Recognition and social events.
• Summer hours.

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.

Hiring Range: Base salary of $170- 190, 000 per year, plus applicable bonus.

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

1

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