Treasurer - GROWMARK, Inc. - Bloomington, IL

GROWMARK is an agricultural cooperative serving almost 400,000 customers across North America, providing agronomy, energy, facility engineering and construction, and logistics products and services, as well as grain marketing and risk management services. Headquartered in Bloomington, Illinois, GROWMARK owns the FS trademark, which is used by its member cooperatives. GROWMARK also owns and operates SEEDWAY, the largest full-line seed company in the United States. More information is available at growmark.com.

See what it's like to work at GROWMARK: https://youtu.be/CSVMnKCySsY

PURPOSE AND SUMMARY STATEMENT

Under the direction of the CFO, provides overall management of corporate funds, capital and financing activities, budgets, patronage, stock records, investments, corporate credit, and risk management activities for GROWMARK and its subsidiaries.  Assists senior management in the monitoring and management of the investment policies of the GROWMARK and member cooperative defined benefit and defined contribution pension plans.  Provides leadership, direction and oversight of financial analysis and financial planning.  Responsible for development, implementation, and management of a corporate risk management system and contributes to the Corporate Risk Management Committee. Ensures consistent alignment of the organization's business analysis and corporate finance activities with corporate-level strategic goals and objectives.

Responsible for management of FS Financial Services, LLC (FSFS), FS Risk Management Services, (FSRMS), FS Preferred Insurance Company (FSPIC), FS Benefits Insurance Company (FSBIC), FS Health Management Services (FSHMS), and assists with NewTech Engineering and Environmental, LLC. 

SUPERVISION AND LEADERSHP

Supervises, leads, and develops the Assistant Treasurer, Director of Financial Analysis, and Director of Risk Management.

ESSENTIAL JOB FUNCTIONS

Supports profitable growth of the corporation by ensuring effective enterprise strategic research and analysis. Participates jointly with business units and provides leadership in evaluating, selecting and formulating business strategies, business plans, financial plans and assessing enterprise initiatives/options.

Evaluates, arranges, and negotiates all financing to meet the corporate needs and objectives of GROWMARK, Inc. and subsidiaries.   Develops and maintains a thorough knowledge of financial markets and financial institutions.  Works with CFO to develop and maintain relationships with financial institutions through professional image, activities, and communications. 

Responsible for development, implementation, and management of the integrity and effectiveness of an enterprise-wide risk management system to identify, assess, monitor, report, control and mitigate risk from all business operations.  Assess risk and identify risk mitigation tools for managing commodity and price risk, interest rates, foreign currency, and equity strategies on an enterprise basis.  Participates in the Corporate Risk Management Committee.

Directs financial analysis for GROWMARK and subsidiaries.   Provide enterprise analytical support, complete with insights, as well as financial advice, analysis and counsel including active engagement and thought leadership in the development and implementation of business and financial strategies.

Responsible for management of FS Financial Services, LLC, FS Risk Management Services, FS Preferred Insurance Company, FS Health Management Services, FS Benefits Insurance Company, and assists with NewTech Engineering and Environmental, LLC.

Directs the administration of the system safety, environmental, and insurance programs for GROWMARK, retail divisons, subsidiaries, and member cooperatives including the development of relationships with insurance brokers and insurance carriers.

Directs the administration and implementation of professional engineering  and planning services for GROWMARK, retail divisions,  subsidiaries, and member cooperatives

Responsible for the development and management of an effective cash management system.  Administer borrowings and/or purchases of securities to maximize the use of funds based on cash flow projections while managing overall interest costs.   

Responsible for the preparation of the corporation’s annual budget; responsible for the calculation of patronage and retail rebates.  Administers the Corporate Base Capital Plan and provides recommendations to CFO and senior management. 

May assist CFO in the management of the public marketable securities portfolio in order to manage the safety and long-term value of the portfolio.  Oversees stock records and safekeeping of investment securities.

Provides overall management and administration of all credit activity with customers, suppliers and trading counterparties.  Directs and cultivates collaborative relationships between credit and product division personnel. 

Assists subsidiaries with borrowing need forecasts, management of working capital, and execution of third party financing.

Evaluates capital expenditures and is responsible for recommending lease vs. purchase decisions. 

Monitors and reports to lenders and management on compliance with loan and collateral requirements.

Supports senior management with broad knowledge of the agricultural industry and extensive knowledge of the general economy and financial markets. 

OTHER JOB FUNCTIONS

Follows GROWMARK’s Code of Conduct and Corporate Compliance Program, Environmental Health and Safety, OSHA and DOT policies and procedures, as they apply.

Responsible for encouraging, supporting, and promoting innovative practices, ideas, and technologies within the team.

Performs all other duties as assigned.

REQUIREMENTS

Normally requires a college degree in finance, accounting, risk management, business administration or equivalent, plus an advanced degree in a related field, and a minimum of 12 years of related work experience to demonstrate ability to provide treasury, credit, and risk management leadership to the GROWMARK System.

Demonstrate essential abilities including business knowledge, collaboration, communication, customer focus, decision making, and skill development.

Understanding and experience with accounting/finance-related areas including corporate and member financing, cash flow/working capital, investments, financial statements, markets, internal controls, credit administration, policies and procedures, and compliance along with planning, program execution, budgeting, and communications.

Prefer knowledge of the GROWMARK System including member cooperative and subsidiary company operations.

Must have and maintain a valid driver’s license and passport and have the ability to travel independently and overnight as necessary.

Ability to work hours beyond those considered “normal”.

Ability and willingness to participate in required training that may include education on GROWMARK’s policies and procedures and additional training as it relates to the requirements of the position. 

We are an equal opportunity employer, including protected veterans and qualified individuals with disabilities. Employment may be contingent upon receipt of an acceptable and job-related background check, drug test, motor vehicle report, and/or reference check, as applicable and permissible by law.