Senior Treasury Analyst

Clarity Recruitment; Toronto; Hybrid; CAD 80,000 - 95,000; Full time

Job summary

Clarity Recruitment is seeking a Treasury Analyst for a large Canadian infrastructure company based in Toronto. The role is hybrid (3 days in office) and reports to the Treasury Manager. The candidate will manage debt and equipment financing, cash flow analysis, and process improvements.

Ideal candidates have 5–7 years in treasury or related fields, strong Excel, IFRS 16 knowledge, and experience with SAP. Salary is $80,000–$95,000 plus annual bonus.

Qualifications

• 5–7 years in treasury, banking, debt/lease admin or financial analysis.
• Hands-on experience with banks and credit facilities.
• Strong reconciliation and analytical skills; investigate variances.
• Advanced Excel with financial models, large data, pivots.
• Knowledge of IFRS 16 and lease accounting.
• Experience with SAP or ERP in large organizations.
• Collaborative team player aiming for future leadership.

Responsibilities

• Own debt administration, reconcile debt and lease records with lender statements and SAP.
• Maintain records of borrowings, repayments, interest, and lease changes.
• Coordinate documentation and funding with lenders and internal stakeholders.
• Prepare debt reporting, schedules, and accruals; support drawdowns.
• Perform forecast-to-actual cash flow variance analysis and reporting.
• Assist treasury system implementation and automation while maintaining controls.
• Build relations with banks, lenders, and business units.

Skills

Reconciliation

Analytical skills

Advanced Excel

IFRS 16

SAP

ERP knowledge

Team player

Tools

SAP

Job description

Location: Toronto, ON (Hybrid, 3 days in office)

Salary: $80,000–$95,000 + annual bonus

Reports to: Treasury Manager

About the Opportunity

Our client is one of Canada's largest publicly traded infrastructure and construction companies. They deliver major projects across nuclear, civil, utilities, industrial and urban transportation markets. The organization is carrying a record multi-billion dollar backlog and is growing into new geographies and markets, supported by opportunities in power generation, transit, water and defence. Leadership expects double-digit revenue growth this year and further growth next year.

Key Responsibilities:

Debt and Equipment Financing

• Own debt administration and the monthly and quarterly reconciliation of debt and lease records to lender statements, subledgers, SAP and the general ledger. Investigate and resolve variances.
• Maintain accurate records of borrowings, repayments, interest, fees, maturities, and lease additions, modifications and buyouts.
• Partner with the Director, Treasury on equipment financing, including comparing lender proposals, negotiating terms, planning execution and presenting recommendations.
• Coordinate documentation, approvals, funding and closing with internal stakeholders and lenders, and maintain complete post-closing records.
• Prepare debt reporting, supporting schedules, journal entries and accruals, and support drawdowns and repayments under corporate credit facilities.
• Support IFRS 16 schedules and reporting in partnership with the accounting team.

Cash Flow Analysis

• Perform forecast-to-actual cash flow variance analysis, identify key drivers and prepare concise management commentary.
• Review cash position and forecasting outputs, investigate exceptions and validate data quality.

Systems, Controls and Process Improvement

• Play a key business role in the Treasury Management System implementation, covering requirements, data preparation, testing, documentation, training and user adoption.
• Support automation of the cash board, cash forecasting and payment processes while keeping controls strong.
• Identify opportunities to standardize processes, improve reporting and reduce manual effort.

Team and Stakeholder Partnership

• Serve as the primary operational backup to the Treasury Manager, and help guide, cross-train and support junior team members.
• Build trusted relationships with banks, equipment lenders, business units and functions including Accounting, Tax, Legal, Procurement and IT.

What You Bring

• 5–7 years of experience in corporate treasury, banking, debt or lease administration, accounting, or financial analysis.
• Hands‑on experience working with banks, such as credit facilities, term loans, revolvers or financing transactions.
• Strong reconciliation and analytical skills, with a track record of investigating variances, identifying root causes and communicating conclusions.
• Advanced Excel skills, including financial models, large data sets, pivot tables and complex formulas.
• Working knowledge of IFRS 16 and lease accounting.
• Experience with SAP or another ERP, gained in a large, complex organization (global preferred).
• A collaborative team player who builds strong relationships across functions and with external partners, and who wants to grow toward future leadership.

Clarity Recruitment is an equal opportunity employer committed to fostering an inclusive and accessible recruitment process and workplace. If you require accommodation, please let us know in advance and we will work with you to meet your needs.

Please note: We use AI-assisted tools for notetaking during the screening process.