Description

Cronos is an innovative global cannabinoid company committed to building disruptive intellectual property by advancing cannabis research, technology, and product development. With a passion to responsibly elevate the consumer experience, Cronos is building an iconic brand portfolio. Cronos’ diverse international brand portfolio includes Spinach®, PEACE NATURALS® and Lord Jones®. For more information about Cronos and its brands, please visit: https://thecronosgroup.com/. 

This is a unique opportunity, and the ideal candidate will have experience in Treasury including cash management and associated reporting as well as insurance risk management. The candidate should understand insurance coverage types, be able to identify risks and exposures relevant to the business and communicate effectively. Additionally, there are day-to-day responsibilities for cash management, corporate credit cards and monthly interest reporting for accounting monthly close. This position will work alongside the Head of Strategy and Specialty Finance to manage Cronos’ cash position as well as optimize insurance coverage as the business grows. The ideal candidate is energetic, collaborative and forward-thinking.

What you’ll be doing:

Treasury Management

• Primary responsibility for corporate credit card programs in Canada and the US, which includes issuance of cards and monitoring of subsequent expenses for appropriateness and adherence to policy.

• Responsible for third-party and intercompany loan principal and interest schedules for financial reporting, including loan requests and repayment activity.

• Develop and maintain Treasury-related policies and procedures required to ensure that an adequate level of control is in place and SOX compliance requirements are met.

• Develop monthly and quarterly reporting for review by Senior Management team and auditors.

• Support development of treasury database and reporting capabilities through in-house developed management system.

• Support Treasury-related due diligence required for M&A opportunities.

• Coordinate with Treasury Analyst responsible for daily cash, FX and interest income reporting and review related schedules for the financial close.

• Approval of manual payments in the Canadian and US online banking systems as needed.

• Analyze investment opportunities and optimal placement of excess cash, proving recommendations to senior leadership for approval.

• Execute investments and manage settlement of trades.

• Manage banking relationships, terms and conditions, and opportunities for optimizing account structures.

• Proactively build working relationships with key internal stakeholders to support effective flow of funds, acknowledge funding requirements, and adapt to changing business needs.

Insurance

• Responsible for managing the organization’s global insurance risk management programs.

• Review legal contracts proposed by the business and provide expertise on insurance coverage requirements.

• Proactively build working relationships with key internal stakeholders to effectively identify key risks and work with stakeholders to manage insurance program.

• Prepare underwriting information for the global insurance program, which includes collecting and analyzing data, ensuring all submissions are complete and accurate, summarizing terms and pricing and obtaining the required internal approvals for the binding of coverage.

• Development of best practice insurance policies and processes to support the risk program.

• Support M&A due diligence to review any additional insurance requirements.

You’ll need to have:

• A Bachelor’s degree in business or finance and a professional designation (CTP and CRM designations preferred)

• 7 years of Treasury experience

• Advanced Excel and PowerPoint skills

• Strong financial analysis, data management and reporting skills

• Understanding of fixed income assets, corporate banking services, and accounting for financial instruments.

• Familiarity with Treasury Management systems a plus

• Solid verbal and written communication skills to effectively collaborate across all levels of the organization.

• Excellent interpersonal skills to establish and maintain effective working relationships across the organization and with outside partners.

• The capability to effectively lead, manage, motivate and mentor team members.

• Motivation with a proactive and continuous improvement mindset

• The ability to work under pressure, manage changing priorities and meet deadlines.

We are committed to fostering a diverse and inclusive work environment, and we welcome and encourage applications from people with disabilities and people with diverse backgrounds, identities, and cultures. For candidates with disabilities, accommodations are available upon request in all phases of the selection process.