What are the responsibilities and job description for the Director, Treasury position at SUNKIST GROWERS LLC?
Treasury Director
Valencia, CA
About Sunkist
We are a global leader in the citrus industry — home to one of the most recognized brands in fresh produce. From oranges and lemons to mandarins and grapefruits our citrus fruits are enjoyed across North America and the Asia-Pacific region. Our licensed products — from beverages and snacks to confections and wellness items — reach over 50 countries around the world.
Proudly grower-owned, we represent over a thousand family farm businesses. Our mission is to support our growers and to increase their returns. Everything we do is for our growers.
With two organizations, Sunkist Growers & Fruit Growers Supply, under one banner, we operate as a $1 billion portfolio company with eight businesses and 400 people strong. Our ambitious CEO is leading a transformation to modernize and build a high-performance organization for our future.
The Opportunity
The Treasury Director is responsible for managing three general areas: banking, insurance, and short-term investments for Sunkist Growers, Inc and its subsidiaries (Sunkist Growers, LLC and Fruit Growers Supply Company, LLC). Performs daily cash management, overnight liquidity investment, cash flow forecasting; and oversees banking relationships, credit relationships, and foreign transactions/exchange risk management. Manages insurance placement, insurance claims, and insurance certificates for all the company’s activities. Responsible for transaction cost and fee minimization, budgeting and record keeping for all treasury activities. Manages, directs investment, and keeps records for several retirement programs and attends Sunkist Board meetings, as required. Develops and executes treasury strategies and process improvements in line with Sunkist’s organizational goals; and supports senior management on special projects.
Essential Functions:
- Develops and executes treasury strategies and drives necessary process improvement. Determines daily short-term borrowing or overnight investment amounts to ensure appropriate funding. Manages all bank relationships, existing and new, and acts as administrator for all online bank software platforms. Maintains dual authentication and segregation of duties. Opens, closes and modifies bank accounts, maintains signature authority, keeps appropriate records.
- Manages international bank accounts, including funding decisions and account reconciliations. Directs all foreign currency wires through financial institution software and ensures timely and accurate payment of all foreign currency obligations.
- Manages insurance relationships, insurance claims, insurance certificates, invoice payments, and insurance claims. Prepares annual insurance applications for insurance renewal. This includes managing the annual insurance renewal process, including preparation of all applications and schedules, and coordinates cross-functional information flow as the primary liaison between insurance broker/carriers and operational business units.
- Acts as a cross-functional partner with Accounting and Finance to ensure accurate accounting treatment and effective financial planning for applicable initiatives.
- Prepares quarterly debt covenant compliance certificates; and manages invoices for external debt obligations.
- Prepares daily cash flow forecast and makes account funding decisions. Maintains reports, records, and files for all treasury activities.
- Provides regular updates to executive management and the Board of Directors on liquidity, debt, investments, banking relationships, insurance, and other treasury-related matters, including emerging risks and compliance considerations.
Qualifications, Experience & Education:
- 10 years’ experience in Treasury and Cash Management, including banking software, ERP, insurance program placement and management, purchasing FX currency on the spot market, understanding of cash and foreign currency markets and pricing.
- Bachelor's degree in Accounting, Finance, Economics, or a related field, Master’s preferred.
- Certified Treasury Professional (CTP), a significant plus.
Additional Information:
- Reside within reasonable driving distance to Santa Clarita / Valencia, California (North Los Angeles Metro) Relocation package available.
- Onsite office presence during business hours Monday - Friday (we’re a collaborative in-person team)
- Some local travel throughout California, as well as some international travel as necessary
What we offer:
- Annual base compensation range between $175K - $200K plus incentive compensation. Final compensation will be determined based on experience and skills and may vary from this range
- A variety of choices for Medical, Dental, Vision, Life and Disability insurance
- Health Care and Dependent Care Spending Accounts
- 401K savings plan, Match
- Paid holiday and vacation benefits
- Business casual environment with a mission-driven culture
- A business led with a human centric approach; good people doing good work
- A growth orientated, profitable and purpose-driven organization
DISCLAIMER
This job description indicates, in general terms, the type and level of work performed as well as the typical responsibilities of employees in this classification. The duties described are not to be interpreted as being all-inclusive to any specific employee. Management reserves the right to add, modify, change or rescind the work assignments of different positions and to make reasonable accommodation so that qualified employees can perform the essential functions of the job. Nothing in this job description changes the at-will employment relationship existing between Fruit Growers Supply and its employees.
Sunkist is an equal opportunity employer. Employment opportunities are open to all qualified applicants without regard to race, color, creed, sex, gender identity, sexual orientation, religion, marital status, age, national origin or ancestry, citizenship status, immigration status, military or veteran status, physical or mental disability, pregnancy, genetic characteristics, or any other characteristic protected by federal, state, or local laws. AAP/
Salary : $175,000 - $200,000