Description

Chief Financial Officer

Bristol Wave Seafoods, LLC

Location: Seattle, WA (In Office)

Submit applications to: Joel Peterson, CEO

jpeterson@bristolwaveseafoods.com

About Bristol Wave Seafoods, LLC (www.bristolwaveseafoods.com)

Bristol Wave Seafoods, LLC (“Bristol Wave”) is a wholly owned subsidiary of Bristol Bay Seafoods, LLC (“BBAS”), and manages its commercial fishing operations from its headquarters in Seattle. BBAS was formed in 2019 to acquire the merged commercial fishing operations of Clipper Seafoods, Ltd. and Blue North Fisheries, Inc., creating a dominant player in the Bering Sea, Aleutian Islands and Gulf of Alaska Pacific cod fisheries. BBAS’s fleet of vessels primarily operates out of Dutch Harbor, Alaska, and targets Pacific cod, sablefish (black cod) – two fisheries certified as sustainable by the Marine Stewardship Council – and other groundfish species using hook and line and longline pot gear that has minimal impact on the ocean floor.

Shortly after its merger in 2019, a 75% ownership stake in BBAS was acquired by Bristol Bay Native Corporation (“BBNC”), an Alaska native corporation (www.bbnc.net). The remaining 25% continues to be owned by the respective founders of Clipper Seafoods and Blue North Fisheries.

Position Summary

The CFO will direct and oversee the financial operations of the company, including financial reporting, budgeting and forecasting, treasury functions, risk management and legal matters. The CFO will be an integral member of the Bristol Wave Executive Committee working alongside the CEO, VP-Operations, VP-Human Resources, and Director of Sales to maximize company profitability, including managing the company’s fishing plan and annual acquisition of additional fishing quota. In addition, the CFO will provide financial reporting for the oversight of BBAS by its board (its “Management Committee”) and the Seafood Operations Committee of the BBNC Board of Directors.

The CFO will be expected to be a key advisor to the CEO, and provide guidance regarding all operational matters, including potential expansion of the BBAS fleet, improvements to existing vessels, acquisition of fishing quotas by lease or purchase, and design of fishing crew compensation plans. In addition, the CFO will oversee management of the company’s credit arrangements and banking relationship.

The CFO will manage the finance and administration departments (currently 8 employees) and directly supervise the Controller, Accounting/Budget Manager – Vessel Operations, and Office Manager.

Compensation and Benefits

· FLSA Exempt; Salaried. $265,000 to $299,000 DOE.

· PTO: 15 days annually to start, increasing to 20 days at six years.

· Medical insurance subsidized by employer contributions

· Sec. 125 medical/childcare reimbursement plan

Requirements

Desired Qualifications:

The successful candidate will be a collaborative team player, an excellent communicator, and a quick study who has an intense desire to fully understand all aspects of the company’s operations, including: 

1. Crew hiring practices

2. Regulatory environment

3. Sales logistics

4. Marine insurance requirements and management of Jones Act injury claims

5. Relationships with key customers and vendors

6. Costs of fishing trip operations and requirements for supply inventories

7. Design and implementation of software systems to automate company accounting and management practices

8. Accurate and timely GAAP financial reporting

A bachelor’s degree in accounting, finance or business administration is required; a graduate degree or CPA designation would be an advantage.

A minimum of ten years prior experience managing the finance and accounting department in commercial fishing or in a similar industry (a capital-intensive industry with a largely blue-collar labor force such as construction, manufacturing or distribution) is desired. A demonstrated interest in being part of a cohesive management team for many years, of being willing to work wherever and whenever is necessary, and having the ability to train and manage employees while also being able to roll up their sleeves and help got the job done is an absolute requirement.

Physical Demands:

The physical demands described here are representative of those that must be met by an employee to perform the essential responsibilities of the position. Most work performed in a professional office environment. Ability to view and review financial documents in hard copy of electronic format. Able to sit/stand for extended periods. Carrying or lifting: occasional need to move boxes up to 35lbs, including up or down a single flight of stairs. Occasional travel required both in and out of state.