Sr. Finance Manager & Assistant Treasurer

POSITION DESCRIPTION Job Title: Senior Finance Mgr. & Asst. Treasurer Reports To: Senior Director Corp. Finance & Company Treasurer FLSA Status: Exempt Date: 10/05/2024 Company History/Background: Bay State Milling ("BSM", is one of the leading providers of flour and plant-based ingredients for the grain-based food industry. Based in Quincy, MA, the business has been family-owned and operated since 1899. The Company is one of the largest family-owned grain-based food ingredient organizations in the United States with thirteen manufacturing locations in North America. BSM has earned a reputation as a market leader in high growth ingredient categories such as whole grains, organics, ancient grains, specialty oats, and gluten-free and sprouted seeds, that are considered the driving force for much of the significant growth seen in grain-based foods. Our relentless drive to bring the best and healthiest food alternatives to our customers is what makes us special in the industry. The organization is committed to be the "leader" in specialty grain-based food ingredients through investments in innovation, our employees, proprietary manufacturing processes, and an expanding distribution base. POSITION SUMMARY: The Sr. Finance Manager/Asst. Treasurer will play a key role in assisting the Sr. Director & Group Treasurer in managing the organization's financial assets and ensuring the company's liquidity and financial stability. The position will oversee cash management and work closely with the Treasurer on investments and maintaining banking relationships. This person will be responsible for the implementation of financial strategies to optimize the organization's cash flow, enhance profitability, and safeguard against financial risks. The position will be instrumental in managing the organization's financial resources, monitoring cash inflows and outflows, forecast cash needs, and ensure the availability of funds to cover operations expenses, investments, and debt obligations. Responsibilities/Duties: Construct and maintain complex cash forecast models to assist in determining future cash needs of the organization. Oversee and administer a $209M Revolver Credit Facility . Own all Lender covenant reporting compliance mandates including quarterly MD&A's, financial statement distribution, and covenant ratios. Generate and distribute a monthly (Balance Sheet/Bank Covenant ) financial metrics report card to upper management and key stakeholders, addressing and commenting on critical changes to position. Responsible for the supervision and development of one direct report , the Treasury Analyst who is responsible for the daily cash management function. Act as liaison to Corporate Accounting and FP&A to facilitate interest rate, foreign exchange forecasting, term debt and variable debt projections. Monitor banking and counterparty exposures , banking fees to ensure that they are appropriate for the services received. Assist in the Annual Budget process Oversight of Daily Cash Balancing and Bank Reconciliations Management and oversight of Daily Cash Operating Requirements Monitor and Maintain Internal Cash Controls and Protocols Develop internal reporting and analytics to assess the company's foreign currency exchange and interest rate risk exposures . Assist in the development of short and long term strategies to utilize derivative instruments to hedge exposures. Support role in the RSM annual interim and year end audit and Bank Syndicate Audit. Job Qualifications: Bachelor's and Master's Degree in Finance, Economics, or Accounting. Three to Five Years of Treasury Experience Strong understanding of financial management principles and treasury best practices . Detail orientated, advanced technical and analytical skill set with good business acumen. Global Treasury experience a plus. Advanced Financial Modeling skills utilizing Power BI and Excel. Exposure to complex ERP systems, Microsoft AX Dynamics / D365 a plus. Other Requirements: Ability to build trust-based relationships, demonstrate strong interpersonal communication skills, and collaborate with senior, junior and peer colleagues across organizational boundaries. "Emotional Intelligence" including self-awareness, self-management, social awareness and social skill. Knowledge of Generally Accepted Accounting Principals Ability to identify signals of inadequate controls or irregularities. Strong project and team management skills, including the ability to prioritize competing demands, appropriately allocate limited resources; review progress; and make mid-course corrections as necessary. LANGUAGE SKILLS Ability to read, analyze, and interpret general business periodical, professional journals, technical procedures, or governmental regulations. Ability to write reports and business correspondence. Ability to effectively present information and respond to questions from groups of managers, clients, customers, and the general public. Must communicate (verbally and written) with all levels of management within organization. MATHEMATICAL SKILLS Ability to calculate figures and amounts such as discounts, interest, commissions, percentages. REASONING ABILITY Ability to apply common sense understanding to carry out instructions furnished in written, oral or diagram form. Ability to deal with problems in standardized situations. Must be able to understand and consider short and long term effects of each decision made not only as they relate to credit but their impact on the Company. PHYSICAL DEMANDS the physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee is regularly required to talk or hear. The employee frequently is required to sit or stand. The Specific vision abilities required by this job include close vision, distance vision, color vision, peripheral vision, depth perception, and ability to adjust focus. WORK ENVIRONMENT The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee is generally exposed to a non-manufacturing, office type environment and not subject to noise, dust, industrial type machinery. Occasionally and when visiting operating sites, the employee may be exposed to limited amounts of dust and noise and be in the general vicinity of large manufacturing equipment. FOOD SAFETY / SECURITY REQUIREMENTS: The Company is committed to producing and delivering defect-free products. To ensure this, all employees are required to be trained on and adhere to the Good Manufacturing Policies set forth by the Company as they pertain to personnel practices, equipment, and facilities. It is also vital that all employees be aware of the work environment and when possible, prevent accidental or intentional adulteration of products produced at this facility. As a result any employee has a right to put product on hold if they have a concern. At the plant level, only the Quality Assurance Manager and General Manager have the authority to release product on hold.

Created: 2024-11-02