Treasury Director

BETTER MOBILITY FOR LIFE

Savaria is a global leader in accessibility and patient care products, designing and building wheelchair lifts, stairlifts, elevators for home and commercial applications, medical beds, ceiling track lifts and patient slings. Our vision is to empower people with mobility for life. We achieve this by providing products that improve mobility and access in daily life, and through our drive to build quality products and to be attentive to the needs of our customers. Savaria employs 2,450 valued associates globally and has 11+ manufacturing facilities to reach markets in North America, Europe, Australia, and Asia.

Position Summary

In a dynamic environment of continuous organic growth and acquisitions, the Treasury Director position is based at the head office in Laval, Quebec, under the leadership of the Chief Financial Officer (“CFO”). The Treasury Director is responsible for overseeing the company's treasury operations, including cash management, corporate financing and risk management. This leadership role involves developing and executing treasury policies, managing banking relationships and optimizing cash flow to support the company’s financial objectives and minimize interest charges. The Treasury Director will work closely with the CFO, corporate finance functions including Tax and Financial reporting as well as divisional finance teams.

This is a hybrid position based in Laval, Quebec, Canada, requiring four days on-site and one day remote per week.

Key Responsibilities

• Cash and Liquidity Management
• Oversee company’s cash management;
• Develop and implement strategies to manage cash flow, ensuring adequate reserves are maintained while optimizing the use of cash;
• Oversee the company’s cash flow and ensure sufficient liquidity to meet operational needs and strategic initiatives;
• Monitor global cash positions and forecast inflows/outflows.
• Financing
• Participatein the company’s financing activities, including the administration of the Revolver agreement and renewals;
• Develop and maintain debt schedules, ensuring adherence to covenants;
• Manage financial instruments in order to minimize interest cost while assessing interest and currency risks;
• Manage relationships with banks.
• Risk Management
• Develop and execute strategies for managing interest rate and currency risks;
• Work in collaboration with the Reporting Director to implement hedging strategies to mitigate financial exposures;
• Ensure compliance with relevant financial regulations and risk management best practices.
• Treasury Operations
• Oversee treasury operations, including banking relationships and transaction management;
• Manage various treasury projects and implement policies and procedures to ensure the efficient operation of the treasury function;
• Administrate banking and credit cards agreements and platforms;
• Ensure adequacy of internal controls related to treasury.
• Banking Relationships
• Cultivate and maintain strong relationships with domestic and international banks, ensuring favorable terms and access to capital;
• Manage the company’s banking infrastructure.
• Financial Reporting & Strategy
• Provide regular reports to the executive management and reporting team;
• Prepare treasury reports for senior management, including cash forecasts, liquidity assessments, and risk management activities;
• Provide information to the accounting team for the closing process and ensure accuracy of financial information disclosed;
• Support M&A activities by evaluating financing alternatives and providing due diligence support.
• Team Leadership and Development
• Foster a culture of collaboration, innovation and continuous improvement within the treasury function.
  
  

Qualifications

Experience

• Minimum of 10 years of experience in treasury, finance, or related areas, with at least 5 years in a leadership role;
• Experience in a multi-currency global organization;
• Experience in corporate treasury management and financial risk management.

Education

• Bachelor’s degree in Finance, Accounting, Economics, or a related field;
• Treasury certifications such as the Certified Treasury Professional (CTP) designation an asset.

Skills

• Excellent leadership, communication, and interpersonal skills;
• Detail oriented and proactive; organizational skills; demonstrate rigor and autonomy;
• Strong understanding of financial markets, cash management, and risk management techniques;
• Experience with financial modeling, forecasting, and financial analysis;
• Advanced command of Excel and ease with systems.
• Language: Fluency in written & spoken English and French.
  
  

This position will evolve with the growth of the company. We are therefore looking for a candidate who demonstrates flexibility and adaptability.