Manager, Treasury

About Hudbay:

At Hudbay, we are driven by our purpose: We care about our people, our communities, and our planet.

Hudbay provides the metals the world needs. We work sustainably, transform lives, and create better futures for communities.

• We transform lives: We invest in our employees, their families and local communities through long-term employment, local procurement and economic development to improve their quality of life and ensure the communities benefit from our presence.
• We operate responsibly: From exploration to closure, we operate safely and responsibly, we welcome innovation and we strive to minimize our environmental footprint while following leading operating practices in all facets of mining.
• We provide critical metals: We produce copper and other metals needed for everyday products and essential for applications to support the energy transition toward a more sustainable future.

Hudbay (TSX, NYSE: HBM) is a copper-focused mining company with three long-life operations and a world-class pipeline of copper growth projects in tier-one mining-friendly jurisdictions of Canada, Peru and the United States.  Hudbay’s operating portfolio includes the Constancia mine in Cusco (Peru), the Snow Lake operations in Manitoba (Canada) and the Copper Mountain mine in British Columbia (Canada). Copper is the primary metal produced by the company, which is complemented by meaningful gold production. Hudbay’s growth pipeline includes the Copper World project in Arizona, the Mason project in Nevada (United States), the Llaguen project in La Libertad (Peru) and several expansion and exploration opportunities near its existing operations.

Mission:

To create sustainable value and strong returns by leveraging our core strengths in community relations, focused exploration, mine development and efficient operations.

Purpose of Role:

The Manager, Treasury is responsible for the execution of global treasury operations, ensuring the company’s liquidity, financial risk mitigation, and debt compliance. Reporting to the Director, Treasury, the role serves as a key bridge between high-level strategy and daily execution.

Role Accountabilities:

1. Manage Day-to-Day Treasury Operations

• Assess Hudbay’s cash needs throughout the organization and ensure that sufficient liquidity exists in each business unit to facilitate operational and capital needs
• Open and close bank accounts as required and assist with the Scotia Connect banking system and business unit banking requests
• Execute foreign exchange trades
• Evaluating and execution of strategies for the deployment of excess cash balances to optimize yield and diversify bank exposure
• Execute RCF draws and LC renewals

2. Treasury Reporting and Monitoring

• Ownership of the monthly treasury report and regular cash monitoring
• Monitor and ensure compliance with reporting and debt covenant provisions of Hudbay’s debt facilities and high yield bonds
• Support the preparation of consolidated financials by supplying data and analysis to financial and legal teams
• Support impairment and other valuation projects by performing WACC analysis

3. Precious Metal Purchases and Sales, and Hedging

• Execute purchase of gold and silver for delivery to Wheaton Precious Metals, and manage the flow of cash to contribute to business entities
• Execute sale of gold and silver for doré production and manage communication with third-party assayer to ensure timely cash receipt and revenue recognition
• Manage the confirmation and settlement process for all trading activities
• Collect and analyse market information provided by hedge counterparties on spreads, volatilities, derivatives pricing
• Assist Director, Treasury with the execution of hedging instruments and formulation of hedging strategies

4. Surety Bonding and Equipment Financing

• Administer the LC and surety bond program in Canada to ensure successful renewal and sufficient capacity available for future bonding
• Coordinate the timely execution of equipment financing loan/lease documentation with banks or OEM financiers of capital equipment

5. Capital Raising

• Prepare terms sheet analyses and other materials to assist in the negotiation of terms for debt financings
• Transactional support in the form of providing corporate cash flow models and due diligence materials to syndicates
• Support in the development of financing plans for major projects
• Conduct comparative analysis in support of restructuring liquidity lines to reduce interest costs, increase liquidity and increase financial flexibility

6. Preparation of Hudbay’s Global Price Deck

• Collect supporting data from external sources and from Hudbay’s marketing department
• Analyze data and monitor the market to gain understanding of drivers of change in key commodity prices, foreign exchange rate and interest rate
• Develop methodologies to analyze and support forecast prices

7. Participate in the management of relationships with banks and financing companies to help ensure long-term access to capital markets

8. Support Director, Treasury in ensuring treasury activities and procedures are in compliance with corporate polices, accounting guidelines and internal controls, and Sarbanes-Oxley (SOX regulations)

9. Completion of other projects from time to time as directed by Director, Treasury

Experience and Qualifications:

• Post-secondary degree in Commerce, Finance, or a related field. Advanced degree or professional certifications preferred
• Preference for qualified Chartered Professional Accountant (CPA), Chartered Financial Analyst (CFA) and/or Certified Treasury Professional (CTP)
• Must have experience with cash and treasury management, including online global banking platforms
• Minimum 3 years of managerial experience in treasury or other related financial role
• Must have experience with trading (foreign exchange, precious metals) and/or derivatives trading
• Strong understanding of macroeconomics
• Understanding of equity and debt capital markets
• Understanding of financial modelling, cash flow analysis and credit metrics

   Knowledge and Skills:

• Mining or natural resources industry and public company experience an asset
• Familiarity with business valuation principles (DCF, NPV, IRR)
• Understanding of the basic principles of investment management
• Highly skilled with Microsoft Excel and Bloomberg
• Excellent verbal and written communication skills
• Excellent people skills to be used in building constructive working relationships internal and external to Hudbay
• Strong analytical skills allowing one to take a numeric, systems-based approach to problem solving
• Strong attention to details, and a focus on continuous development along with a desire to produce a high-quality work product

Travel:

Expected to travel to all Hudbay locations. Travel will vary depending on initiatives and projects and, assuming no travel restrictions, the percentage can range from a minimum of 15% to 25% per year.

Compensation:

• Expected Compensation: Base salary $119,000 - $149,000 CAD per year. 
• Vacancy Status: This posting is for an existing vacancy. 
• AI Disclosure: Artificial Intelligence is not used to screen, assess, or select applicants; however, Hudbay may use automation for administrative processes.

Working Arrangements:

Role is eligible flexible work arrangements, allowing you to balance 50% of your time in the office with 50% time working remotely.

Why Hudbay?

• At Hudbay, our values of Dignity & Respect, Caring, Openness, and Trustworthiness are embedded into our culture by the way we work and how we interact with one another.
• We pride ourselves in providing our employees with competitive total rewards that include:
• Annual performance bonuses
• Health benefits for you and your family, with a health spending account
• Company paid insurance for Life, Spousal and Dependent Life, AD&D, Critical Illness, and Short & Long Term Disability cover
• A Defined Contribution pension that includes company contribution and additional matching of your voluntary contributions
• An Employee Share Purchase Plan with contribution matching
• We support our employees in their individualized wellness journeys by providing a yearly Wellness Subsidy of up to CAD $1,000
• Hudbay gives back to the community with its employee charity matching program for eligible charitable donations made by employees
• Regular performance appraisals to acknowledge our employees for their contributions, strengths and work well done
• The opportunity to work out of our Platinum Class A and Platinum BOMA BEST® Certified office building in Toronto’s South Core Business District conveniently located beside the newly renovated Toronto Union Station

Notice to candidates: Please note that some websites make copies of Hudbay job postings on their own site.  If you see this job on a website that is not the Hudbay careers page, the best way to get your application to us is by applying directly at careers.hudbayminerals.com.  We appreciate the interest of all candidates.  Due to the volumes of applications we receive, we are only able to contact candidates that are selected to move forward in the recruitment process.  Hudbay is committed to providing an inclusive and accessible candidate experience.  If you require accommodation during the recruitment process, please let us know with your application.

Notice to recruiters: Please note that Hudbay Minerals does not accept unsolicited resumes from 3rd party recruitment agencies without a written agreement in place for permanent/contract placements.