Treasury Analyst - Sales & Market Risk

Kinross Gold Corporation - Toronto, ON (13 months ago)

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The Kinross Corporate Head Office is located in downtown Toronto and supports Kinross’ operations and projects worldwide. Corporate functions include Finance, Procurement, Health & Safety, Human Resources, IT, Investor Relations, Exploration, Geology and Mine Planning, among others.

Job Description

To perform daily activities relating to the Company’s metal shipments and sales, intercompany metal sales transactions, and to perform various analysis relating to the metal sales process. Execute the approved FX and energy hedging program. Continuously learn about treasury best practices and contribute to the improvement and design of treasury processes. The role meets objectives by providing timely analysis for strategic management decisions.

Job Responsibilities

Create, improve, and maintain worksheets used for tracking metal shipments, inventory monitoring, and processes related to intercompany and third party metal sales

Assist with the management of refinery relationships

Provide support to all business entities with respect to metal shipments, refinery issues, etc.

Assist Treasury and Tax on planning and execution of intercompany metal sales agreements.

Create, improve, and maintain worksheets used to assess exposures, hedge positions, etc.

Coordinate updates to FX and energy market exposures with FP&A on a regular basis

Maintain regular dialogue with counterparties in order to stay informed with respect to currency, energy, and general market trends and conditions

Execute approved FX and energy hedge strategies with counterparties, and enter all transactions in the Treasury System

Establish and maintain hedge relationships in accordance with Hedge Accounting policies

Assist in resolving all issues related to the Treasury System.

Continuously monitor counterparty credit risk exposures.

Contribute to the preparation of the quarterly treasury report.

Work with banks and Accounting to resolve day-to-day settlement issues.

Ensure compliance with Treasury’s policies and procedures

Assists internal auditors with audit requests

Job Responsibilities Cont'd

Sustainability Expectations

Performs a variety of critical duties within the Treasury function that contribute to the short and long-term success of the company. Adheres to all safety and environmental considerations. Promotes a work environment where health, safety and the environment are the highest priority. Is alert and observes, corrects, and reports unsafe conditions. Follows operating procedures and complies with all regulatory requirements.

Scope of Responsibility & Complexity

Work is complex and performed under limited direction. Problem resolution is within established guidelines and procedures, requiring the use of judgment to determine which of many methods are applicable in any given situation. Seeks assistance from others when dealing with unfamiliar or problem situations. Proceeds on own initiative but supervisor is available to provide direction in the amendment / development of new practices and procedures. Work is reviewed for the attainment of objectives, adherence to policies, procedures, and timelines.

Education and Experience
Bachelor of commerce, finance or economics degree required
3 – 5 years of related work experience
Preferably worked within Treasury or Finance
Proficiency with MS Excel and MS Word
Experience with treasury management system preferred
Ability to meet deadlines during peak periods
Excellent attention to detail, strong analytical and organizational skills
Knowledge of Bloomberg considered an asset
Ability to prioritize effectively
Ability to learn quickly
Ability to work with others in team environment
Flexibility to undertake a variety of assignments
Knowledge or experience with financial instruments and their valuations
Knowledge or experience with hedge accounting methods considered an asset

Kinross is a Canadian-based gold mining company with mines and projects in Canada, the United States, Brazil, Chile, Russia, Ghana and Mauritania, employing approximately 9,300 people worldwide. Our core purpose is to lead the world in generating value through responsible mining.