Cash Manager (20090009) Job

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.  This position will also ensure adequate liquidity and proper investments according to the investment policy and manage short-term and long-term cash forecasting and reporting of actual results with variance explanations. 

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;


• Work with cash management systems and assist in the evaluation of systems as part of the treasury team;


• 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 all accounts analysis received from banks and resolves any issues;


• Maintain bank analysis information in a database for comparisons between banks and for budget purposes;


• 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 Power and Brookfield Asset Management;

• 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


• Proficient automated systems skills including Microsoft Office Products (Word, Excel, Power Point)


• 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