Company: CGL
Department: Corp Financial Services
Employment Type: Regular Full-Time
Work Model: Hybrid (2 days in office)
Language: This role operates in English.
Additional Information: This/these role(s) is/are currently vacant
The Opportunity:
We are a leading Canadian financial services co-operative committed to being a catalyst for a sustainable and resilient society and our team is essential to deliver on this strategy. That’s why we prioritize our people, to ensure we provide a strong culture and development opportunities which enables our team to thrive and to live our purpose. The best part is that you will work with people that care passionately about you, our clients and our communities.
Our national Finance team aspires to create, enhance, and protect value for our organization and its stakeholders. Our knowledgeable team educates and influences the organization to make well-informed, risk-based decisions. We think innovatively and strategically to solve business problems and strive to move our business forward with practical, integrated processes and tools that ensure organizational success.
The AVP, Capital Strategy & Treasury is the strategic financial architect for the Co-operators group of Companies balance sheet. This leader optimizes capital structure, drives yield on corporate liquidity and executes funding strategies that prioritize long-term member value. Furthermore, this role provides rigorous fiduciary oversight for the enterprise’s Defined Contribution pension plan and oversees the Treasury & Shareholder Operations.
How you will create impact:- Analyze and optimize the organization’s debt-to-equity mix to ensure the cost of capital aligns with sustainable growth and member value
- Assist in the development and monitoring of the enterprise Capital Plan
- Model complex funding strategies for major strategic initiatives and M&A targets (e.g. assessing debt capacity vs cash utilization)
- Lead advanced liquidity forecasting, FX/interest rate risk hedging, and yield optimization on corporate cash reserves
- Serve as the strategic lead and primary fiduciary voice for the enterprise Defined Contribution pension plan.
- Drive comprehensive fund lineup reviews, rigorously monitoring external asset manager performance, and lead presentations to the Pension Committee
- Ensure seamless execution of daily cash positioning and public/employee share issuances and redemptions
- Champion continuous cross-training and process automation within the operations team to definitively eliminate legacy key-person risk
- You hold a Bachelor’s degree in Business, Finance, Commerce or a related discipline in addition to a CFA or CPA/CTP designation
- You have ten (10) + years of experience in corporate treasury, institutional pension governance and liquidity risk management, with progressive people leadership experience
- You have a strong understanding of capital management within the financial services or insurance industry, with cooperative structure experience being considered an asset
- You have proven experience leading change management initiatives, with a string executive – level presence
- Proficiency in English is essential to the main duties in this role, including servicing and communicating primarily with majority non-francophone clients, groups, teams. Drafting complex English documents and preparing daily reports for anglophone leaders. The essential non-French duties are frequent and not assignable to adjacent or other team members.
- You initiate new strategies to capitalize on opportunities and lead the implementation of organizational change.
- You integrate complex information to identify solutions or solve problems and apply a strategic mindset to adjust business plans.
- You foster innovation and continuous improvement with a focus on client experience.
- You create a high-performance culture through alignment of your team’s work with organizational goals and successfully convey messages with a sense of positive advocacy.
- You develop others to ensure the evolving needs of the organization will be met and build effective relationships to achieve key business objectives.
- You will be subject to a Background check as a condition of employment, in the event you are the successful candidate.
- Training and development opportunities to grow your career.
- Flexible work options and paid time off to support your personal and family needs.
- A holistic approach to your well-being, with physical and mental health programs and a supportive workplace culture.
- Paid volunteer days to give back to your community.
- In addition to our competitive salary and incentive programs, eligible employees also benefit from a comprehensive total rewards package including group retirement savings plans, pension and benefits (e.g., health and wellness, dental, disability and life coverage), mental health support and an employee assistance program.
Expected salary range: $142,526 - $237,544.
The salary amount for the successful candidate is determined by Co-operators in its discretion and will vary depending on several criteria including but not limited to: local market conditions, geography and relevant job-related factors such as knowledge, skills, qualification, experience and education.
Skills Required
- Bachelor's degree in Business, Finance, Commerce or related discipline
- CFA or CPA/CTP designation
- 10+ years in corporate treasury, pension governance, liquidity risk management
- Progressive people leadership experience
- Strong understanding of capital management in financial services or insurance
- Experience in leading change management initiatives
- Strong executive-level presence
What We Do
As a leading Canadian financial services co-operative, Co-operators offers multi-line insurance and wealth products, services, and advice to build financial strength and security. With over $56 billion in assets under management, we provide financial solutions and security through property and casualty (P&C) insurance, life insurance, wealth management, institutional asset management and brokerage operations. We are governed by member organizations, including co-operative organizations, credit union centrals and representative farm organizations. We are rooted in the idea that together, we are stronger, safer, and more resilient. Our vision to be a catalyst for a sustainable society is reflected in everything we do, including our community investment programs, strategic partnerships, and active volunteerism. We champion and fund the development of community-oriented co-operatives and social enterprises, invest for positive impact, and work hard to contribute to communities across Canada by supporting financial literacy, mental health, flood safety, and sustainability initiatives and programming. With over 600 locations across the country, over 6,000 employees and a dedicated financial advisor network of over 2,500 licensed insurance representatives, we remain true to our roots: putting the needs of our clients and our communities first. Our response to COVID-19 As an essential service, we took immediate steps to ensure the health and safety of our people, clients, and communities. We’re following the direction of Health Canada as we roll out a phased return to corporate and local offices across the country. If you have applied for a posted role, a recruiter will be in touch with an update. Currently, all interviews are being conducted remotely.
.png)
