Head of Global Treasury

Finance Remote, Canada


Description

Cronos Group is an innovative global cannabinoid company with international production and distribution across five continents. Cronos Group is committed to building disruptive intellectual property by advancing cannabis research, technology and product development. With a passion to responsibly elevate the consumer experience, Cronos Group is building an iconic brand portfolio. Cronos Group’s portfolio includes PEACE NATURALS™, a global health and wellness platform, adult-use brand Spinach™, and two hemp-derived CBD brands, Lord Jones™ and Happy Dance™.

Cronos Group is seeking a Head of Global Treasury who will work within the Finance department and report directly to the CFO. The Head of Global Treasury is responsible for the company’s day-to-day financial cash management including, but not limited to, corporate liquidity, investment policies, risk management, and collections and payments.

This opportunity is ideal for an individual who craves a fast paced, growing environment where goals are accomplished through collaboration and teamwork. The visibility of this position and the trajectory of the organization will be a great opportunity for career development in multiple directions.

What you’ll be doing:

  • Assess current state of treasury function; ensure priorities and strategy are in line with company goals and enable scale for future growth
  • Analyze and recommend optimal capital structure alternatives for the company, including evaluating the company’s current borrowing capacity and developing strategies for optimal use of debt to finance future growth
  • Direct the company’s program to manage foreign exchange risks, including analyzing exposures and recommending appropriate strategies (including hedging) to manage that risk
  • Oversee the company’s investment strategy, reviewing and updating the company’s investment policy and overseeing management of the company’s investments
  • Negotiate and execute financing transactions as needed, including bank facilities and debt financing
  • Oversee daily cash management to ensure optimized investment balances while ensuring efficient settlement of intercompany balances, debt, and covenant management
  • Oversee the risk management program, leading global risk management strategies and policies which include foreign exchange risk, interest rate risk, credit risk, counterparty risk and refinancing risk
  • Ensure that all material insurable risks are understood and make recommendations to mitigate that risk through insurance or loss prevention strategies
  • Manage treasury reporting to track KPIs and partner with FP&A to oversee the cash forecasting process
  • Provide exceptional financial partnership across the business and with the leaders within the finance organization
  • Coach and develop Treasury team members, fostering a proactive team-oriented environment
You’ll need to have:
  • Bachelor’s degree in accounting, finance or business required; Master’s degree preferred
  • CPA or CFA designation is preferred
  • 10+ years progressive leadership experience in treasury and/or finance, capable of planning treasury department requirements and processes which support current and future business needs
  • 5+ years experience in management of investment strategy as well as negotiation and management of financing and debt
  • Solid working knowledge of capital markets, financing, accounting and tax
  • Sound understanding of best practices and procedures in cash management, with demonstrated examples in identifying, leading and implementing process efficiencies
  • Experience with all aspects of financial risk management ideally across a global platform
  • Advanced Excel knowledge with highly developed analytical, problem solving and organizational skills
  • Solid verbal and written communication skills to clearly and effectively collaborate across all levels of the organization
  • Sound leadership capabilities, able to effectively lead, manage, motivate and mentor team members
  • Excellent interpersonal skills to establish and maintain effective working relationships across the organization and with outside partners
  • Effective presentation skills with the ability to professionally represent the organization to a variety of internal and external audiences
  • Self-motivation and a proactive approach with a continuous improvement mindset
  • Adaptability; works well under pressure and can pivot priorities based on evolving business needs
  • Integrity and is accountable for actions and statements
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.

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