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Upstream Treasury Manager - Calgary, AB

Shell Canada Limited


Accounting / Finance




Calgary, Alberta, Canada

Date Posted

December 13, 2013

Posted Until

January 05, 2014

Experience Level


Job Type

Full Time

Salary Range

Not Specified - Not Specified

Education Level

University - Bachelors
The position is part of a global Treasury Operations department (FTO). FTO manages liquidity, banking and foreign exchange for the Royal Dutch Shell group and provides financing and financial risk management services to the operating units. Within FTO a business treasury team maintains the contact to the different business sectors to determine their respective treasury needs and to coordinate the service delivery. Working closely with the Treasury Manager – Upstream Canada as well as with Finance in the Business and Finance in Project, Tax, Legal, Accounting and Central Treasury, this position supports Upstream Americas business, as well as Project & Technology entities.

The work scope of the Treasury Manager comprises the following areas:

a) Financing
  • Determine short- and long-term funding needs of the operating units
  • Identify the optimal form and source of funding in cooperation with tax 
  • Determine appropriate credit lines
  • Execute the funding
  • Manage the dividend process
  • Ensure appropriate treasury policies are in place for all operating units
  • Screen lease proposals as an indirect form of borrowing 
b) Cash Management
  • Ensure the business operates an optimal number of bank accounts and maximizes the use of the group's preferred cash management banks
  • Ensure that accounts are integrated in the group's central cash pooling system to maximize liquidity and minimize credit risk
  • Support cash management streamline process initiatives
  • Support the roll-out of new systems as concerns their banking interface
  • Ensure bank mandates are up to date
  • Advise on cash management structures in agreements with third party. 
c) Risk management
  • Provide suitable credit support for Shell's activities in the form of corporate guarantees or letters of credit
  • Advise on credit support requirements in supply and service agreements with third party
  • Recommend position on government financial responsibility requirements.
  • Determine foreign exchange exposure and develop an exchange rate strategy where needed
  • Screen investment and divestment proposals for treasury risks, including contingent liabilities and credit risk 

The position requires a proactive and creative approach to deal with the treasury issues arising in the Upstream businesses and to translate Treasury principles into concrete actions. Excellent interpersonal skills and sound communication capabilities are a must in order to develop strong relationships with the various businesses.

Required Skills and Experience:

  • The position requires a finance professional with a minimum of 5 years post-graduation work experience.
  • A bachelor level degree in an area such as finance / economics / business administration is required.
  • A professional finance certification / designation such as CFA, ACT or CPA is required.
  • Treasury experience is a plus.  
  • Upstream Oil & Gas experience is an asset.

Applications being accepted until January 5, 2014

Click Here To Apply!

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