Director, Treasury

Join the California Dairies, Inc. (CDI) team, a farmer-owned cooperative dedicated to sustainably producing the highest quality dairy products while fostering a culture of innovation and collaboration. CDI products are delivered locally and around the world.

Our Visalia corporate office serves as the central hub for the CDI enterprise, driving strategic decision-making, innovation, overall business support, and growth across our diverse portfolio of dairy products and brands.

We encourage you to be part of our team that's shaping the future of dairy, right from the heart of California!

We offer a generous total rewards package that includes:

• Salary Range $129,175 - $204,450
• Family medical/dental/vision
• Generous company contributions to 401k
• Relocation Assistance
• 11 Paid holidays
• Paid vacation
• Tuition reimbursement

Job Summary

The Director of Treasury is responsible for providing treasury operational leadership by delivering essential corporate services related to cash flow, borrowings, debt, oversight of cash management, and oversight of processes to improve the accuracy of cash flow forecasting. A key component of this position will be structuring and developing the treasure function and team at CDI. This position will also manage relationships with financial institutions, the company’s insurance portfolio, while building partnerships and alignment with key functions within the Company.

Essential Functions

• Ensure successful outcomes of essential corporate treasury services, including wires, account funding, cash concentration, and cash flow forecasting.
• Ensure adherence to Treasury's key compliance, documentation, and regulatory reporting requirements through the design of policies, authorizations, procedures, and strong internal controls.
• Identify cybersecurity and fraud risks within Treasury processes and implement mitigation strategies as appropriate.
• Partner with 3rd party audit firms on all internal and external Treasury Department related audits.
• Lead negotiation with banks and financial institutions on financing structures including but not limited to debt financing, SIP products, account receivable factoring, equipment leases, etc.
• Provide insight on evaluating and implementing new bank technologies, products, and services to improve cash cycle and simplify company operations.
• Perform, monitor, and track various compliance and covenant reporting requirements of existing credit facilities.
• Develop, implement and maintain bank account structures.
• Oversee company credit card and debit card programs, including collections, fees, and related analysis.
• Manage all insurance policies and renewals as the primary point of contact for the company’s Insurance Broker. Does not include employee Health & Welfare insurance policies.
• Provide support and collaborate with risk management team around activities including, but not limited to, dairy commodities, interest rates, natural gas, and electricity and identify additional opportunities to manage market/commodity risk.
• Perform other duties as assigned.

Supervisory Responsibilities

This position provides leadership and has direct supervisory responsibility for the Treasury Manager and Treasury Accountants.

Qualifications

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations will be made to enable individuals with disabilities to perform the essential functions.

• Proficiency in working with treasury concepts, practices, and procedures.
• Creativity and sound judgement to plan and accomplish a variety of treasury and risk management goals.
• Demonstrated ability to work with diverse, cross-functional teams across multiple geographies is required.
• Proven ability to turn thought leadership and strategy into execution plans and results.
• Strong decision-making and problem-solving skills are required.
• Outstanding communication and presentation skills are required.
• Must possess excellent interpersonal and people leadership skills.

Education and/or Experience

• Bachelor's degree with a concentration in Accounting or Finance is required; MBA and/or CPA is preferred.
• 10 years of relevant experience in treasury, finance, or banking is required.
• 5 years of leadership and supervisory experience is required.
• Experience with risk management and commodities markets preferred

Language Skills

A well-modulated tonal volume is required with excellent diction skills needed.

Reasoning Ability

Must have the ability to apply common sense understanding to carry out instructions given in written, oral, or diagram form. Must have the ability to discern when issues may require input from levels of authority within the corporation.

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. The Company will make reasonable accommodations that do not cause an undue hardship to the company if such accommodation enables individuals with disabilities to perform the essential functions of the position.

Sitting/Standing/Walking: Sits, stands & walks throughout the course of the workday and completion of job responsibilities.

Lifting/Carrying: Occasional lifting requirements as job demands.

Pushing/Pulling: Occasional pushing/pulling requirements.

Bending/Stooping: Occasional bending and stooping requirements.

Squatting/Kneeling/Crawling: Occasional squatting/kneeling/crawling requirements.

Twisting/Turning: Ongoing twisting or turning requirements.

Climbing/Balancing: Occasional climbing/balancing requirements.

Reaching: Ongoing reaching requirements.

Grasping/Manipulating: Grasping and manipulating of papers, keyboard, objects and equipment will be required. Ability to keyboard for data input will be required on an ongoing basis.

Equipment

Operates personal computer, to enter data and run reports, and other standard office equipment experience and understanding.

Work Environment

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. The company will make reasonable accommodations that do not cause and undue hardship to the company if such accommodation enables individuals with disabilities to perform the essential functions of the position. Normally works in a cubicle, well lighted and air-conditioned moderate noise level. Work requires a significant amount of sitting, some walking and standing relative to interaction with others. Excellent listening and speaking ability to respond correctly to visitors, vendors, employees, etc. Ability for perform multiple tasks at the same time. Lifting and or force requirements are negligible. Requires clear vision (correctable).

Certificates, Licenses, Registrations

CPA preferred

ADA/FEHA

The Company will make reasonable accommodations in compliance with the Americans with Disabilities Act of 1990 and California’s Fair Employment and Housing Act.

EEO

The Company is an equal employment opportunity employer.