Director, Treasury - Modesto, CA

ABOUT US

We are California's largest regional, full-service grocery chain, founded over 70 years ago in Modesto, California, where our headquarters are still located today. With 194 stores across Central and Northern California and Western Nevada, our banners-Save Mart, Lucky, and FoodMaxx-are cherished regional brands, serving the unique needs of their communities.

It's our 12,000 passionate associates who make our company a great place to work and shop. We prioritize investing in our people, stores, and neighborhoods, and work closely with local suppliers to bring fresh, quality products at affordable prices to our customers. Shoppers can access our offerings in-store, online, or through convenient home delivery and curbside pick-up.

The Save Mart Companies is part of The Jim Pattison Group, a family-owned, diversified holding company operating primarily in the U.S. and Canada and headquartered in Vancouver, BC. The Jim Pattison Group has a long-term strategic focus to see their companies succeed and grow. Together, our dedication to our associates and customers, commitment to growth and innovation, and our family traditions continue to thrive.

We are currently recruiting for the position of:

Director, Treasury - Modesto, CA

Job Summary:

The Director, Treasury is responsible for the oversight and control of the Treasury function. This position will manage efficient cash utilization that supports and aligns with the Company's long-term strategy. The role will prepare and present analytics, including cash flow projections, to senior management and act as the primary contact for internal and external customers. This position ensures compliance with Treasury related generally accepted accounting principles (GAAP). The Director will provide objective analysis and data-driven insights, allowing leadership to make fact-based decisions related to the cash needs of the company.

Responsibilities:

• Implement and administer all aspects of the cash flow process for the Company and its interests while continually optimizing efficiencies.
• Represent as the liaison with all banks, credit card processors, and financial institutions; monitors fees and financial services requirements
• Responsible for oversight of corporate and store banking, credit card transactions, credit card chargebacks, establishing credit card merchant numbers and bank accounts for all new store locations
• Plan, forecast, and execute all cash flow processes; manage and assess risk versus return analysis for senior leadership review and consideration
• Use experience in Asset Based Lending to provide additional sources of working capital
• Continually assess the Treasury operations functions and processes of the Company
• Administer full Treasury performance metric and benchmarks against Company guidelines and proactively provide recommendations to senior leadership
• Responsible for ensuring compliance with debt funding covenants
• Partner with senior level members of the Accounting & Finance department to advance departmental objectives
• Successfully demonstrate 'change agent' attributes. Proactively, pursue efficiency opportunities, focusing on processing improvements
• Work directly with the CFO to maximize working capital opportunities, including optimal debt management
• Manage all customer service inquiries related to all Treasury functions and oversight (i.e. credit card transaction processing)
• Work with Accounts Payable and Accounts Receivable to ensure achievement of Cash Flow targets
• Support due diligence needs arising from new funding opportunities
• Perform other duties as assigned

Some of our competitive offerings include generous benefits packages (Health, Dental, Vision, Life and AD&D, 401K), tuition reimbursement and scholarship opportunities, vacation and personal holidays, and in-store purchase discounts.

Hiring pay range: $154,229.00 - 202,425.00

Knowledge, Skills and Abilities:

• Comprehensive knowledge of sound Treasury concepts and functions with experience in banking, treasury systems and processes.
• Extensive working knowledge of FASB Treasury rules. Works in compliance with GAAP
• Proficient in cash forecasting, cash management, liquidity strategy and banking services
• Advanced analytical and modeling skills with the ability to present information to suit the audience
• Experience preparing and presenting financial proposals to senior leadership and executive level team members
• Demonstrated experience in Asset-Based Lending is a must
• Strong management skills with experience managing and developing support staff
• Able to effectively communicate complex financial information
• Excellent time management, multi-tasking abilities, and resolution follow-through
• Excellent communication skills (verbal, written, interpersonal)
• Excellent organizational skills and attention to detail
• Exhibit a strong sense of ownership of the treasury function; with curiosity and passion to match.

Experience: 10 Years Progressively responsible experience in Treasury, 5 years Managing a treasury department, 7 years Management, supervisory and/or leadership experience, 5 years in a retail setting, preferably in the grocery industry.

Education: 4 year/Bachelors Degree and/or equivalent experience/training. MBA preferred

Work Environment: Office

Reference: req38523

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The Save Mart Companies is an Equal Opportunity Employer, and we welcome resumes from individuals who will contribute to our diverse workforce.