Treasury Manager
Brookfield Renewable Power 6 reviews - Marlborough, MA

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Treasury Manager, US OPERATIONS

Work Location – Marlborough, Massachusetts

Brookfield Renewable Energy Partners is looking for a Treasury Manager to join its Finance team in its Marlborough, Massachusetts U.S. headquarters.

About Brookfield Renewable Energy Partners L.P.:
Brookfield Renewable Energy Partners (TSX: BEP.UN) operates one of the largest publicly-traded, pure-play renewable power platforms globally. Its portfolio is primarily hydroelectric and totals approximately 5,000 megawatts of installed capacity. Diversified across 68 river systems and 10 power markets in Canada, the United States and Brazil, the portfolio generates enough electricity from renewable resources to power two million homes on average each year. With a fully-contracted portfolio of high-quality assets and strong growth prospects, the business is positioned to generate stable, long-term cash flows supporting regular and growing cash distributions to unitholders. For more information, please visit .

Overall Description of the Role

This position represents an opportunity to participate in a growth oriented company and gain exposure to a unique industry. This role is ideally suited to a motivated, career oriented individual seeing a challenging opportunity. This position will manage and execute daily cash management transactions, report cash operations activities and borrowing/investing transactions. Incumbent will ensure an efficient and effective banking structure that is in compliance with credit agreements. The Treasury manager is responsible for cash forecasting; implementing, maintaining and optimizing the Treasury Management system, in addition to managing liquidity and capital.

Main Areas of Responsibility

Manage daily US Operations cash concentration. Control cash balances and move funds from accounts to where they are needed in accordance with Company policies and credit agreements. Report cash operations activities daily to management;

Develop and implement cash management operational strategies to optimize banking services, assure best practices and optimize banking pricing;

Ensure bank operating account documentation is accurate and complete and in compliance with the delegation of authorities set forth by Senior Management;

Perform weekly cash forecasts for the CFO – US Operations and Corporate Treasurer, including variance analysis and cash management strategy for sources and uses of cash;

Partner with accounting to ensure transactions are accounted for properly and the bank accounts are reconciled on a timely basis;

Review, recommend design and implement process improvements to make better use of technology and improve internal controls;

Compile and consolidate weekly cash flow forecasts from business units;

Prepare wire transfers, including preparation of supporting documents;

Manage cash management bank credit card processing relationships and the policy and procedures governing this credit card relationship;

Develop and implement policies and procedures related to cash management and banking, with the cooperation of the CFO – US Operations and Corporate Treasurer;

Ensure the strict adherence to SOX business controls to eliminate all risks for the Company;

Coordinate, calculate and confirm interest payments and other miscellaneous payments to third parties;

Prepare letters of credit and collateral requests with the cooperation of the CFO – US Operations and Corporate Treasurer;

Prepare monthly, quarterly and annual cash forecasts at the consolidated and project entity level;

Coordinate and prepare quarterly/annual documentation for banks and lenders;

Prepare various cash management reports for Brookfield Renewable Energy and Brookfield Asset Management;

Monitor bank service fees and address issues

Required Skills

Required Experience

Candidate Profile - Requirements

Bachelor’s degree in Accounting or Finance

CTP certification preferred

5-7 years experience in a similar role

Must have strong prioritization and organization skills with the ability to work under deadlines

High proficiency in Excel

Treasury System Implementation experience an asset

Ability to exercise good judgment and to effectively manage multiple priorities

Operate in a “hands-on” manner to solve problems and create solutions

Ability to work well with people and maintain confidentiality

Excellent communication and interpersonal skills as well as the ability to perform well in a team-oriented environment

About this company
6 reviews
To Brookfield Asset Management, generating money comes naturally. The company has approximately $150 billion in assets under management,...