[Sessional Lecturer] Financial Management for Engineers – APS1016H

Date Posted: 03/26/2024

Req ID: 36667

Faculty/Division: Faculty of Applied Science & Engineering

Department: APSC: Ofc of the Dean – Faculty General

Campus: St. George (Downtown Toronto)

Description:

Position: Sessional Lecturer I (1 position available)

Course title and code: Financial Management for Engineers – APS1016H

Course description: The Financial Management for Engineers course will focus on valuation of public companies, in particular new technology, and new economy and natural resources companies. The students will be exposed to classical equity valuation methods; such as discounted cash flow analysis, net asset value, fundamental analysis and relative value analysis, using measures such as P/E multiples and P/Cash flow multiples.

The students will be introduced to the principles of bond and stock valuations with a special emphasis on its relation to the cost of capital. The course will take an in depth view of capital budgeting, capital investment decisions and project analysis and evaluations. It will introduce students to the concept risk and return in equity markets.

The students will get hands on experience in calculating cost of capital and hence the appropriate discount rate to use in valuations. Theory of optimal capital structure and financial leverage will be discussed in addition to economic value added principles. The relevance of dividends and dividend policy will be debated in class. The concept of “does dividend policy matter” will be subject of a vigorous debate. The topic of mergers and acquisitions will be covered in depth, with particular reference to recent mergers of Canadian companies

Estimated Enrolment: Approximately 85 students

Estimated TA support: TBA

Class schedule: One three-hour lecture per week; timetable to be determined.

Sessional date of appointment: Summer Session May – July 2024

Salary: Minimum level of pay is $9,457.89 (Sessional Lecturer I), which includes vacation pay, and may increase depending on applicant’s level of experience and suitability for the position.

Qualifications: Applicants must have extensive experience in the area of financial management, with an emphasis in the area of Engineering. In addition, applicants must have experience with analyzing and evaluating public companies, as well as new technology, new economy and natural resources companies. The applicant must also have an understanding of and strong skills in teaching classical equity valuation methods, the principles of bond and stock valuations, capital budgeting, investment decisions, as well as project analysis and evaluation. The applicant must also be skilled in capital cost calculations and the use of optimal capital structure theory, as well as strong knowledge of mergers and acquisitions, and how they relate to Canadian companies. Applicants should have a strong record of presenting lectures. The applicant must be able to lecture in a clear voice, and explain concepts clearly.

Please note: Undergraduate or graduate students and postdoctoral fellows of the University of Toronto are covered by the CUPE 3902 Unit 1 collective agreement rather than the Unit 3 collective agreement, and should not apply for positions posted under the Unit 3 collective agreement.

Brief description of duties: Duties include: preparation of lectures and course materials; delivery of lectures; possible supervision of Teaching Assistants; setting and marking of projects, tests and exams; evaluation of final grades; contact with students.

To indicate interest in this position, please complete the CUPE UNIT 3 application form, downloaded from:

https://gradstudies.engineering.utoronto.ca/files/2022/08/UNIT-3-Application-Form.pdf and submit to [email protected]

Office of the Vice Dean Graduate Studies Faculty of Applied Science and Engineering, University of Toronto, 44 St. George Street Toronto Ontario M5S 2E4

Closing Date: 04/07/2024, 11:59PM EDT

This job is posted in accordance with the CUPE 3902 Unit 3 Collective Agreement. 

It is understood that some announcements of vacancies are tentative, pending final course determinations and enrolment. Should rates stipulated in the collective agreement vary from rates stated in this posting, the rates stated in the collective agreement shall prevail. 

Preference in hiring is given to qualified individuals advanced to the rank of Sessional Lecturer II or Sessional Lecturer III in accordance with Article 14:12 of the CUPE 3902 Unit 3 collective agreement.

Please note: Undergraduate or graduate students and postdoctoral fellows of the University of Toronto are covered by the CUPE 3902 Unit 1 collective agreement rather than the Unit 3 collective agreement, and should not apply for positions posted under the Unit 3 collective agreement.

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