Director of Treasury

GSFoods•Ontario, CA

10h

About The Position

The Director of Treasury is responsible for leading all treasury & cash management functions, as well as direct oversight of AP and AR for ALL locations (approximately 15 to 16 locations nationwide) for the private equity-backed GS Foods Group, Inc. and its subsidiaries (“GS Foods” or the “Company”) located in Ontario, California. The FP&A Director will provide integral support to the CFO, Sales leaders, Operations leaders, and CEO of GS Foods. GS Foods is seeking a finance professional to build and lead the analysis function with high-level of exposure across the Company. GS Foods is a leading specialty food distributor serving primarily K-12 schools in addition to other specialized end markets.

Requirements

Bachelor’s degree in Accounting, Finance, Business,Economics,or related field required.
Minimum of 10+ years of related experience
ERP system experience, with NAV experience preferred
Strong partnership skills and proven financial support of various functions throughout the company
Strong analytical and problem-solving skills
Experience in a PE backed environment preferred
Excellent communication skills and with the ability to interact at all levels within the organization
Assist other personnel to accomplish tasks from time to time
MS Officeand other applicable financial software applications; Workday Adaptive a plus
Individual should be a power user in excel and have strong experience with pivot tables, matches, and other key formulas
Significant experience with three statement models and iterative reference is preferred

Nice To Haves

CPA/ MBApreferred.

Responsibilities

Oversees Daily Cash reporting, consolidation, & distribution to management.
Line of Credit analysis & recommendations.
Lender & Banking oversight and reporting.
Manage monthly budget vs actuals cash reporting and variance analytics for Senior Leadership Team.
Overseeing day-to-day cash/banking activities.
Preparation & oversight of the 13wk cash forecast model
Consolidate, then distribute daily cash reports from locations and assist team with cash forecasting.
Work with AR & AP teams on appropriate forecasting of receivables and disbursements weekly.
Extensive collaboration with internal departments to improve and automate current financial systems and reportingas it relates to treasury functions.
Assistwith the integration& consolidationof banking systems.
Assistwith budgets and forecasts that will help streamline analysis and reporting.
Manage and maintain the Capital Expenditures & Capital Lease tracking across all locations of the corporation.
Work with the Audit & Tax team on licensing & tax reporting as needed.
Corporate credit card program management.
Quarterly Covenants with lender/banking.
Work directly with the EVP of Finance and Accounting to ensure efficient and effective customer credit evaluation, payment terms, billing, collections and cash posting processes are implemented across all locations
Monitor customer aging balances and provide direction on collection efforts for key aged balances
Develop and document standard operating process for the AR cycle
Develop and enforce credit policies and procedures.
Develop, track and drive improvement in Days Sales Outstanding (DSO) metrics across all locations
Optimizereceivablesmanagement to improve cash flow and minimizebad debt.
Conduct quarterly review of accounts,identifyingbad debtand providing management with collection efforts/status
Identifyand implement process improvements to enhance CRM functionality and usability
Analyze customer data to generate insights that drive business decisions
Develop andmaintainreports and dashboards to track key CRM metrics
Work closely with sales and customer service teams to manage credit-related issues
Resolve disputes and discrepancies related to credit accounts and payments
Work closely with sales, marketing, and customer service teams to align CRM processes with businessobjectives.
Work directly with the EVP of Finance& Accountingto ensure efficient and effective vendor credit limits, payment terms, purchase orders, andtimelypayment processes are implemented across all locations
Monitor vendor aging balances and provide direction on resolution efforts for key aged balances
Develop and document standard operating process for the AP cycle
Develop, track and drive improvement in Days Payable Outstanding (DPO) metrics across all locations
Maintain strong vendor relationships and negotiate favorable terms when necessary.
Monitor compliance with company policies, tax regulations, and internal controls.
Annual 1099 Reporting Oversight.
Work directly with the EVP of Finance and Functional leaders to identify areas to would be best served for the Company to consolidate into the Shared Service Function
Develop KPIs and performance expectations for any area that is brought into the Shared Service Function
Identifyand implement automation and process enhancements for efficiency
Collaborate with IT and finance teams to integratenew technologiesand systems.
Partner with internal departments such as Procurement, Sales, and Treasury tooptimizeend-to-end financial processes.
Build and develop high performance teams
Ability toidentifytrends and discern root cause from large sets of data using creative solutions
Conduct analysis and data interpretation to be able to explain the “why” behind variances and trends
Provide variance analysis and research financial irregularities
Provide analysis andassistancewhere needed with respect to monthly financial close
Strong presentation,reportingand communication skills
Assistwith special projects as requestedandprepare ad hoc analysis as necessary
Ability to work effectively independentlyand work under deadlines
Follow all company policies and procedures.