Finance Director, Treasury and Strategic Business Development
Bedford, NS
Reference # HL-18125
Clearwater Seafoods is one of the world’s largest vertically integrated seafood companies with over 1,900 employees in offices, plants and vessels across the globe.
The Canadian company operates from ocean-to-plate, owning its own fishing licenses, vessels and processing facilities, while also providing delivery to its customers worldwide.
Clearwater is recognized globally for its superior quality, food safety and diversity of premium wild-caught seafood, including scallops, lobster, langoustine, clams, whelk, shrimp and crabs.
Since its founding, Clearwater has invested in science, communities, people and technological innovation, as well as resource management to sustain and grow its seafood resource.
This commitment has allowed the company to remain a leader in today’s global seafood market and in sustainable seafood excellence.
In 2021, Clearwater was acquired by a partnership between Premium Brands and the Mi’kmaq Coalition, comprised of seven Mi’kmaq communities in Nova Scotia and Newfoundland.
Today, Clearwater is proudly Indigenous-owned, committed to creating a sustainable seafood future for generations to come.
We also happen to be recognized as one of Atlantic Canada’s Top Employers (2024).
Now, we are excited to partner with them to recruit a Finance Director, Treasury and Strategic Business Development to join their team.
Reporting to the Treasurer (VP Treasury) and working with the finance team, the business development and M&A team, and Premium Brands Treasury, this position is responsible for managing liquidity and financial risks, and supporting the growth of the business as the finance lead for M&A evaluations.
Duties & Accountabilities (Responsibilities) :
Treasury :
Provide Treasury leadership and manage :
- Corporate Finance
- Enterprise cash forecasting / modelling (3-5 years)
- Working capital management
- Loan covenant compliance
- Credit facility amendments
- Interest sustainability analyses
- Support lender relations
Cash Management and Banking.
- Cash controls
- Global liquidity management
- Short- and medium-term cash forecasting
- Sub-credit for banking
- Management reporting for cash
Financial Risk Management
- Currency exposure identification
- FX risk management program
- Interest rate risk management
- Commodity hedging
- Sub-credit for hedging
- Derivative valuations
- Hedge accounting compliance
Team oversight and development
Provide management oversight to cash and treasury improvement initiatives.
Strategic Business Development and M&A :
- Lead financial modelling, valuation scenarios and evaluations for M&A opportunities.
- Support evaluation strategic business cases for growth opportunities beyond M&A.
- Support due diligence and execution of M&A initiatives.
- Support transaction financing, deal closing and funds flow.
- Integrate treasury and cash management post-closing.
The ideal candidate will possess the following competencies and qualifications :
Key Behavioral Competencies (Personal Characteristics) :
- Excellent leadership, interpersonal and business partnering skills.
- Strong critical thinking skills with the ability to exercise sound judgement and make decisions
based on accurate and timely analysis.
- Strong presentation and influencing skills.
- Ability to simplify the complex and train others on cash flow modelling principles.
- Dedicated, hardworking and strong attention to detail.
- Thrives in a dynamic and fast-paced environment.
- Skilled at multi-tasking and establishing priorities.
- Highly organized, resolute, and dependable in achieving strict, recurring deadlines.
- Able to communicate financial analytics in a clear and concise manner.
- Strong work ethic; successful working independently and within a group environment.
- Takes direction while also having the courage to share contrary opinions and challenge the
status quo.
- Initiative-taking and driven to succeed.
- Ability to influence others through direct and indirect leadership.
Job Qualifications :
- University business degree with Accounting or Finance major.
- CPA designation.
- Minimum 10 years relevant experience in treasury / corporate finance and financial reporting.
- Knowledge of M&A activity and processes and procedures.
- Demonstrated financial modelling skills.
- Demonstrated experience in continuous improvement initiatives, root cause analysis and
project management.
- Advanced proficiency in Microsoft Office.
- SAP user knowledge is an asset.
We are seeking an experienced treasury and M&A finance professional for this exciting opportunity. If this sounds like you, we would like to speak with you. Connect with us today!