Director, Treasury

SUNKIST GROWERS LLC•Santa Clarita, CA

2d•Onsite

About The Position

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.

Requirements

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.

Nice To Haves

Certified Treasury Professional (CTP), a significant plus.

Responsibilities

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.