Assistant Treasurer

Par Pacific
Houston, TX Full Time
POSTED ON 6/6/2023 CLOSED ON 6/13/2023

What are the responsibilities and job description for the Assistant Treasurer position at Par Pacific?

WHO WE ARE:

Par Pacific is a growth-oriented company that owns and operates market-leading energy and infrastructure businesses in logistically-complex markets. Par Pacific combines experience in the oil and gas industry with corporate financing know-how. We bring this unique strength to complex markets where we seek out diamonds in the rough. As a nimble, entrepreneurial organization, we actively pursue new opportunities in response to local market demands and changing external environments.

The Role

Reporting to the VP, Treasurer, you will be responsible for leading and supporting day-to-day activities in the working capital finance, cash management and credit areas. You will manage a team of six treasury professionals spread across two locations and will continue to grow the team as the company grows. You will be responsible for supervising the daily administration of intermediation and ABL working capital facilities with our banks, and for continuous improvement efforts around inventory financing and working capital optimization. As part of your specific responsibilities, in the following areas, you will:

  • Oversee daily treasury operations, including cash positioning, forecasting, liquidity reporting, quarterly debt reporting and compliance.
  • Supervise all credit functions and initiatives such as annual credit reviews, customer setup and deal by deal exposure management.
  • Manage and expand relationships with commercial banks, and monitor covenant requirements across multiple credit/loan agreements.
  • Assist the Treasurer and CFO with a wide variety of financial analyses including cash and liquidity trends, M&A activity, and refinancing projects.

Duties will include:

  • Interfacing with producers and trade houses to negotiate open credit and LC posting requirements.
  • Monitoring daily intermediation agreement reporting, invoicing and payments to optimize liquidity.
  • Supervising company-wide cash management and cash positioning.
  • Overseeing the interaction with business and financial partners regarding cash management, credit borrowings, financial data interface, authority levels, letters of credit, and investment accounts.
  • Supervising cash flow forecasting and working capital optimization in coordination with commercial teams.
  • Supervising credit risk management related activity including credit reviews, credit line assignments and customer prepay decisions.
  • Ensuring that applicable policies and procedures meet with the company's objectives, needs and regulatory requirements.
  • Performing other duties as requested and assigned.

Note: this description is intended to give you a general overview of the position and is not an exhaustive listing of duties and responsibilities.

The Opportunity

If you combine strong trade finance and/or treasury experience, ideally in the energy sector, with the ability to lead and support daily activities in corporate finance, cash management and credit, the role of Assistant Treasurer with Par Pacific offers a compelling mix of challenge and opportunity.

  • Make a wide-reaching impact in multiple areas from optimizing financing arrangements to overseeing daily treasury operations and team performance.
  • Build and evolve your leadership and talent management skills as you manage, develop, and grow the Treasury team. The ideal leader will be committed to developing a cohesive, skilled and high-impact group, focused on performance rather than hierarchy.
  • You will work in our corporate headquarters and enjoy visibility inside and outside of finance, including within the C-suite.
  • You will play a key role and have the opportunity to learn and advance your skills and career. In our growing organization, we have additional opportunities for our proven performers.

The Requirements

To meet the basic qualification for this role, you will have legal authorization to work permanently in the United States for any employer without requiring a visa transfer or visa sponsorship. To be a good fit for the Assistant Treasurer opportunity, you will have:

  • Bachelor's degree in Business or Finance or similar required
  • 8 years of relevant trade finance and/or treasury experience required, preferably within the energy industry.
  • Experience managing a team of professionals is highly preferred, including employees working remotely.
  • Strong cash management experience is preferred but not required
  • Demonstrated computer skills, including:
  • Intermediate proficiency with MS Office Suite programs, specifically PowerPoint and Excel (ability to create complex/compound spreadsheets, pivot tables, VLOOKUPs, etc.)
  • SAP knowledge, and Treasury workstation experience a plus
  • Experience with customer credit analysis and review of financial statements and industry data in determining credit worthiness and establishing customer credit lines.
  • Ability to effectively learn any software you may not know
  • Experience and capability of interacting will all levels of an organization and external clients, vendors and bankers

Note: This description is intended to give you a general overview of the position and is not an exhaustive listing of duties and responsibilities.

More Good Reasons to work for Par:

Unique culture

There is nothing ordinary about Par Pacific -- a niche player in the energy space that operates in logistically complex markets. Andthere'scertainly nothing ordinary about Par Pacific people. We are driven, hardworking, entrepreneur-minded professionals that love to win. If that describes you,you'llfit right in.

Location, location, location

Because Par Pacificis located insome of the most beautiful places throughout the country, our employees get to make these places their home and enrich their lives. The office whereyou'llwork is located in Houston, TX near the intersection of Beltway 8 and Interstate 10. It's a vibrant area of the city with plenty of places for lunch or to wind down after work.

Opportunistic growth strategy

At Par Pacific, we look for operations with strong fundamentals and great employees who can move a business forward. Our management team has deep experience in the energy industry, as well as in leading mergers, acquisitions, and integrations of newly acquired companies.

Excellent compensation

In addition to a competitive salary, we offer a strong comprehensive benefits package that includes medical, dental and vision insurance; a robust allotment of paid time off; a 401(k) with company match; retirement savings plans; educational reimbursement; and more.

Keys to Success

We are looking for a highly motivated, self-starter with a positive attitude. Candidates should have a natural thirst for knowledge and curiosity to drive personal and professional development.

In addition,in order tobe a successful Assistant Treasurer you will have the following competencies and characteristics:

  • Strong learning agility with the drive to continuously evolve your skills and experience
  • Professional-level interpersonal and communication skills with verbal and written fluency in English
  • Outstanding analytical and problem-solving abilities
  • Highly organized and able to deliver under the pressure of a rapidly growing company and fast-paced environment
  • Ability work independently and as a member of a strong team
  • Ability to adjust work schedule to accommodate unexpected changes

The Company

Par Pacific Holdings, Inc., based in Houston, Texas, owns,managesand maintains interests in energy and infrastructure businesses. Par Pacific's strategy is to identify, acquire and operate energy and infrastructure businesses with attractive competitive positions. We own and operate refineries in Hawaii,Washingtonand Wyoming, with total operating throughput capacity of over 150Mbpd. We own and operate one of the largest energy infrastructure networks in Hawaii with a logistics network supplying the major islands of the state. In Wyoming, Par Pacific owns a refinery and associated logisticsnetwork in a niche market. We operate 123 fuel retail outlets in Hawaii, Washington, and Idaho. Par Pacific has an active, opportunistic growth strategy. Our common stock is publicly traded on the NYSE under the trading symbol "PARR".

Note: Par Pacific will not accept calls from third-party recruiters. All candidates are required to apply through this web posting.

Par Pacific is an equal opportunity employer. Par Pacific prohibits discrimination and harassment of any type and affords equal employment opportunities to employees and applicants without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, protected veteran status,genetic information or any other status protected by applicable law.


Par Pacific is an equal opportunity employer. Qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, sexual orientation, gender identity, disability or protected veteran status. If you are a qualified individual with a disability or a disabled veteran, you have the right to request an accommodation if you are unable or limited in your ability to use or access our career center as a result of your disability. To request an accommodation, contact the Human Resources Department at eeftink@engage2excel.com. You are protected by :http://jobinfo.com/file.php?id=56a7c6df400b0

 

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