What are the responsibilities and job description for the Director, Finance - Valent North America LLC position at Sumitomo Chemical Group Companies of America?
About Us:
Valent North America LLC is the shared services organization of Valent U.S.A. LLC and Valent BioSciences LLC, which are part of the Valent group of companies. As a wholly owned subsidiary of Sumitomo Chemical Co., Ltd., Valent North America unites the corporate Finance, Human Resources, Information Technology, Legal, and Environmental Health & Safety functions to maximize service delivery practices across the Valent group of companies.
Valent U.S.A. engages in the development, registration, sales, and marketing of integrated technological solutions for crop production and pest management that deliver value for customers and stakeholders. Valent BioSciences is a worldwide leader in the research, development, manufacturing, and commercialization of biorational products for the agriculture, public health, and forest health markets. Sumitomo Chemical is one of Japan’s leading chemical companies, offering a diverse range of products globally that support a wide variety of industries and help enhance peoples’ daily lives.
Description of Job: Responsible for leading and maintaining company cash flow forecast, short-term borrowing, external U.S. bank credit lines, banking and disbursement controls, bank account status, on-line bank account access user profiles and reports, authorizing accounts payable payments, and foreign exchange forward contracts. Supervise the Accounts Payable, Accounts Receivable, Credit and Collection and Travel & Expenses functions.
Principal Responsibilities:
- Maintains and submits weekly cash flow forecast file to parent company Treasury.
- Manages and initiates approval for company short-term credit line renewal and short-term borrowing transactions with U.S. banks.
- Supervise the Accounts Payable, Accounts Receivable, Credit and Collection and Travel & Expenses functions.
- Authorizes weekly check and ACH disbursement payment proposal batches.
- Authorizes wire transfer payments in Citidirect on-line banking per DOA.
- Maintains U.S., Canada, and EUR bank account authorized corporate signers, transactional signers, and on-line banking user access roles.
- Manages and initiates approval for VBS foreign exchange forward contracts with U.S. bank (EUR, AUD, CAD).
- Authorizes and maintains VBS import letter of credit with foreign suppliers submitted by Supply Chain in Citidirect on-line banking.
- Authorizes SAP A/P and Treasury user access roles for SAP users.
- Review any urgent, suspicious requests received in A/P personnel e-mail or shared e-mail inbox sent from a non-Valent domain(Cybersecurity risk).
- Review any receiving/sending bank, including intermediary, or external/unrecognized 3rd party requests to validate payments received from Valent.
- Prepares monthly Cash Management System VNA loan interest allocation due to SCC
- Authorized Business Officer (ABO) administration role for American Express T&E card program.
- Administration role backup for JPMC corporate credit card program.
- Prepares all annual U.S. bank inquiries to VNA for credit facility analysis.
- Maintains V.USA and VBS credit information template for new vendor/supplier credit application
- Back up for A/P Manager SAP vendor additions review and approval input by Vendor Master Specialist
- Provide leadership in reviewing and updating policies and procedures.
- Perform other duties as assigned.
- Determine future cost saving opportunities in cash management, bank account services, and A/P and Travel Expense process efficiencies.
Experience:
- At least 12 years of related experience. At least 8 years supervisory experience preferred.
- SAP and Concur Expense Management Required.
- Strong Microsoft Excel skills required.
- Ability to communicate with senior leadership and through broad employee communications.
- Education: Bachelor’s degree required. Master’s or CPA degree preferred.
Travel: Not applicable
What We Offer
We recognize that compensation and benefits play a crucial role in your career decisions. That’s why we’re dedicated to equitable pay practices and transparency in how we reward our employees.
Base Salary: The estimated annual base salary for this position ranges from:
$210,000 to $250,000 . Individual pay is based upon location, skills, experience, and other relevant factors.
Incentives: All full-time employees are eligible for an incentive program or profit-sharing program in addition to their base salary.
Benefits:
• High-quality healthcare coverage starting on day one, with options for medical (HSA/HRA), vision, and dental plans
• 5% company contribution to your 401(k), plus a quarterly discretionary bonus
• Immediate 100% vesting of all retirement contributions
• Financial assistance programs to support your goals
• Life and disability insurance for added security
• Generous paid time off, including vacation, holidays, and volunteer days
• Flexible work arrangements available
Our Commitment to a Sustainable Future
At Valent Group of Companies, we’re proud to power a sustainable future through our work. Sustainability and corporate social responsibility (CSR) have been at the core of our culture since the beginning. Today, they continue to drive everything we do.
Join us in making a meaningful impact and contributing to a better world.
• Valent U.S.A., Valent North America LLC, Valent BioSciences LLC and Mycorrhizal Applications LLC are an Equal Opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation and/or identity, national origin, citizenship, immigration status, disabilities, or protected veteran status.
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Salary : $210,000 - $250,000
