What are the responsibilities and job description for the Chief Financial Officer position at Pacific Seafood?
At Pacific Seafood, we do more than just provide the world with the healthiest proteins on the planet. We are an excellence-driven organization committed to being the brand of choice in the marketplace and the employer of choice in the community. We believe in servant leadership, investing in our team members, and rewarding performance. We live by the core values of our Diamond Philosophy: Quality, Teamwork, Productivity, and Excellence—which means consistently doing your best and always striving to do better.
The Chief Financial Officer (CFO) is the senior leader responsible for the company’s accounting, financial planning and analysis (FP&A), treasury, accounts receivable, and audit functions. The CFO also oversees Pacific Seafood’s IT, ERP (SAP), and systems infrastructure team. The CFO works closely with the Pacific Seafood’s Chief Executive Officer and other executive leaders to identify, analyze, evaluate, and help implement enterprise-level strategic business decisions. The CFO has both a day-to-day and ongoing impact on company operations, helping to analyze, strategize, and grow our financial position.
This position also requires the ability to learn quickly and process a large amount of new information in a wide range of business operations and departments including seafood processing, distribution, shellfish farming, finfish aquaculture, wild fishing, sales, logistics, real estate, and M&A. You must be operationally inquisitive. The CFO must be able to apply exceptional analytical and financial modeling skills with business acumen and critical thinking to a wide variety of projects to help make decisions to improve the company internally as well as to grow through strategic partnerships and acquisition opportunities. This role requires an accomplished business leader with a strategic mindset who can effectively communicate and execute our company vision, develop, and grow teams, and apply deep financial and IT systems expertise to help drive our business.
Key Responsibilities:
1. Accounting & Audits
- Ensure accurate, timely financials for all operations. Develop, implement, and audit SOPs for all finance and accounting functions to ensure operational alignment, efficiency, and best practices.
- Partner with business leaders to manage the annual budget process and provide daily/weekly data to all operation leaders along with key analysis to drive improved business results.
- Oversee inventory control functions and closely monitor inventory values, aging, and costing.
- Work with the company’s outside auditor and Board of Directors Audit Committee to complete the annual financial audit and immediately address any identified deficiencies.
2. Financial Planning & Analysis
- Research and gather information from a wide variety of sources including working with company leaders to identify relevant financial, production, sales, and other data, as well as external research from third party, industry, and government sources.
- Provide performance, tracking, establish corrective measures as needed, and prepare detailed reports, both current and forecasting, the management team, and Board of Directors.
- Think critically about the business objectives for a given project, the risks and rewards, cost and benefits, and operational realities of the company’s business units, and apply those questions to the data in order to identify options and make recommendations to the executive team.
- Strategize with senior leaders to develop plans for growth through acquisitions; support M&A activities and provide financial models for investments.
3. Treasury & A/R
- Responsible for all cash management, investments, corporate financing, lending, and banking both in the US and Canada.
- Manage the company’s financial partner relationships; provide period, quarter end and annual bank reports; organize and lead the company’s annual Financial Partner meeting.
- Oversee the corporate credit card program, provide timely audits and implement procedures to ensure business expense policies are followed.
- Manage the accounts receivable team to ensure prompt collections and closely monitor and report on receivables.
4. IT, ERP & Systems Infrastructure
- Serve as the senior executive support for the Vice President of IT and ensure top performance from the company’s IT operations, infrastructure, network, and developers.
- Oversee implementation and continual improvement of the company new SAP S/4 Hana ERP system; ensure alignment between systems in production, sales, supply chain, and finance to achieve exceptional performance and assure our business is always better, faster and will achieve our budget.
5. Lead, Manage and Develop Teams
- Be a role model in projecting and applying the Diamond Philosophy: Teamwork, Productivity, Quality, and Excellence.
- Be a Servant Leader; act with humility and respect when interacting with all levels within the organization. Develop teams that are energized, engaged, and highly motivated to deliver the highest levels of productivity, safety, and quality standards.
- Build and foster a culture of passionate performance and shared ownership; drive performance and accept responsibility for the company’s performance. Set clear performance goals and expectations; manage and hold Team Members accountable to those goals. Provide continuous, direct, and candid feedback to team members.
- Ensure implementation of succession planning and development programs for more than 100 finance and IT professionals throughout the organization.
What You Bring to Pacific Seafood:
Required
- Bachelor's degree from an accredited college or university in Accounting, Finance, or related field.
- 10 years’ experience in progressive senior financial roles, including in a recent CFO or Operations CFO role
- Previous experience leading finance and accounting teams. Strong Computer skills in MS Office Suite, primarily Word and Excel.
- Ability to write reports and correspondence.
- Keen eye for details and exceptional problem-solving skills.
- Exceptional organizational and critical thinking skills.
- Reliable and thorough with a deep commitment to accuracy.
- Self-motivated and able to work independently.
- Curious learner & operationally focused.
Preferred
- MBA, advanced degree, or finance/accounting certifications (CPA)
- SAP S4/Hana and ERP Implementation experience
- Experience in M&A transactions
- Food industry or manufacturing sector experience
Total Compensation
At Pacific Seafood, your base wage is only a portion of your overall compensation package. We invest in our Team Members through a comprehensive and attractive total rewards package, including but not limited to:
- Health insurance benefits options, including medical, prescription, vision, dental, basic group life and short-term disability.
- Flexible spending accounts for health flex and dependent care expenses
- 401(k) retirement plan options with generous annual company profit sharing match
- Paid time-off for all regular FT team members to include sick days, paid holidays, vacation, and personal time.
- Employee assistance program providing confidential professional counseling, financial and legal assistance at no charge to team members and immediate family members.
- Product purchase program
Pacific Seafood is an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability status, protected veteran status, or any other characteristic protected by law.