Manager, Treasury

Holt Renfrew offers you an inspiring, fashion-driven environment with opportunities to learn and grow. From our incredible partnerships with iconic luxury brands, to our commitments to corporate social responsibility, you will be inspired every day.

A job at Holt Renfrew offers a competitive total compensation, a generous employee discount, pension, and health & dental benefits, tuition assistance, and continuous learning and development.

The Manager, Treasury will oversee cash management and sales audit, including ensuring company liquidity needs are satisfied, effective controls are in place over cash and completeness of tender collection. This role is accountable for all aspects of cash and tender monitoring, reporting, and forecasting. Additionally, the Manager, Treasury provides advisory support to our leadership team, as well other teams within the finance function and across the organization.

Specific responsibilities include (but are not limited to) the following :

• Lead cash forecasting process which includes validating accuracy of inputs / assumptions, performing variance analysis, leading weekly review meetings and communicating updates to senior management on a timely basis
• Proactively highlight potential cash low points and recommended actions to manage
• Own the cash flow management governance and processes, ensuring consistent, accurate and timely inputs from relevant areas of the business
• Ability to understand and challenge cashflow forecast inputs ensuring clear understanding of cash implications and focus on cashflow management from other teams
• Creation and ownership of cashflow budget that reconciles between P&L and balance sheet views working collaboratively between finance teams to ensure alignment
• Review daily cash to ensure sufficient liquidity and action as required; provide insight to leadership on continuous improvement opportunities
• Oversee the bank reconciliation process which includes validating accuracy and completeness of cash balances in both the ledger and senior management cash reporting for all currencies.
• Develop strong partnerships across the business to understand future liquidity and working capital requirements for operations and capital expenditures
• Oversee bank related administration, including but not limited to account authority updates, facility documentation, bank fee validation, debt covenant reporting, opening & closing of new accounts
• Provide recommendations and support implementation of working capital improvement initiatives
• Manage foreign currency purchasing program
• Oversee sales audit processes ensuring the accuracy and completeness of sales transaction reporting and collection
• Maintain and enhance internal controls, policies and procedures for treasury and sales audit activities ensuring compliance for all cash, FX, debt, tenders and related financial reporting. Implement automation where possible.
• Act as internal advisor on all matters that impact sales processes to ensure risk to the business is minimized and effective control structure is maintained
• Oversee all facility borrowings including execution of drawdowns & repayments, and ensuring all covenants are satisfied
• Maintain positive relationships with our external banking and payment processing partners
• Liaise with external auditors
• Prepare / support preparation of ad-hoc analysis, reports, and key company projects as necessary
• Lead, motivate, train and retain a team of high performing employees that is capable of delivering results
• Work with team to evolve and improve cashflow forecasting tools and models and sales reconciliation processes
• Comply with all Health & Safety policies and requirements

The ideal candidate :

The measures of success :