Senior Manager, Finance - Treasury

Senior Manager, Finance - Treasury

Tropicana Brands Group is a $3B startup aiming to revolutionize the beverage category. Formed in 2022 as a joint venture between PAI Partners and PepsiCo, our portfolio includes iconic brands like Tropicana, Naked, KeVita, Izze, Copella, and Punica. With over 76 years of global leadership in the orange juice category, we're committed to preserving this legacy while driving innovation in other areas. From reimagining orange juice to creating functional smoothies and driving afternoon refreshments, we are striving to become the undisputed global leader in fresh and chilled beverages.

The Finance team plays a critical role in Tropicana Brands Group's overall success by providing financial insights, strategic guidance, and operational support. Through budgeting, forecasting, and financial analysis, the team ensures that resources are allocated efficiently to drive profitability and growth. Additionally, the team supports decision-making by identifying risks and opportunities, optimizing costs, and ensuring compliance with internal controls and financial regulations. By partnering with other departments, Finance helps align financial goals with business strategies, ultimately contributing to the company's stability and long-term success.

We are looking to add a Senior Manager, Finance - Treasury to our Finance team. This role will be responsible for assisting the Global Treasurer in overseeing Tropicana's North America cash management activities as well as build the team, processes, and structure necessary to develop a world class cash management function capable of supporting the growth and operationalization of this dynamic consumer products business. Tropicana is looking for a critical thinker with exceptional communication, influencing and relationship management skills who thrives in a fast-paced environment. Additional responsibilities include:

• Lead all operational aspects of daily operations of the Treasury Department
• Responsible for taking a primary leadership role in managing banking relationships, including account administration creating and managing the company's overall bank account structure, service model, signatory management, monitoring liquidity needs, minimizing cash balances across the organization
• Oversee development of treasury reporting dashboards and bank reporting to other internal stakeholders, responsible for effective communication to senior leadership on findings, improvements and execution
• Evaluate the company's borrowing capacity and optimal use of debt to finance, focusing on current and future leverage metrics and rating agency implications
• Oversight of all activities of third-party providers
• Compile information from around the company to create a routine cash forecasting process, understanding the impact of working capital policies, accounting methods, capital projections, and board authorizations
• Interact regularly with legal counsel, FP&A, Commercial Operations, Accounting, Accounts Receivable and Accounts Payable teams to create best in class processes and thought leadership to the Treasury function
• Oversee the development of efficient and effective cash forecasting, global cash consolidation, intercompany funding, debt alternatives, capitalization, and related documentation
• Provide insight necessary to help shorten and/or optimize the cash conversion cycle
• Enhance operational efficiency, while minimizing risk and banking fees; work with banking partners to define cost reduction and efficiency improvement strategies
• Guide the team in identifying opportunities for process improvements and automation
• Manage movement of funds to meet daily operating needs and reduce debt as appropriate
• Provide operations with necessary foreign exchange funding
• Manage and develop the Treasury team including offshore resources
• Responsible for providing strategic guidance and leadership to the Treasury team and working collaboratively with all business units
• Develop, manage, and advance the complex process to prepare company cash flow forecast and other needed analysis, including reviewing detailed variance analysis and explanations
• Oversee debt reporting, debt repayments, covenant compliance, and forecasting of repayment schedule and related interest costs

The Perfect Blend: Experience

• 8-10 years of relevant work experience, ideally with both private and public companies
• Knowledge of US corporate banking services, payment instruments and payment/clearing systems
• Knowledge of SAP ERP systems
• Excellent written and verbal communication skills; able to effectively communicate across departments and at all levels
• A keen sense of ownership, and highly adaptable to a fast-changing environment
• Flexible, resourceful, a "can-do" service-oriented demeanor

Foundational Ingredients: Requirements:

• Bachelor's degree or higher in finance, accounting, or related field
• Must be legally authorized to work in the United States without the need for employer sponsorship now or in the future
• Willingness to adapt and thrive in a blended work environment with 3-days in office, seamlessly transitioning between remote work and in-office operations
• Must be located in Chicago, IL surrounding area or willing to relocate for the duration of employment

Benefits:

TBG is pleased to offer you a comprehensive benefits package which includes a 401(k) plan, medical, dental, vision, company provided life, STD and LTD insurance. In addition, you may also elect to participate in voluntary life, accident, hospital, and critical illness coverages.

The salary range for this position is $109,000 - $170,000 annually.

Equal Opportunity Employer This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.