Vice President Finance

  • SunOpta
  • Minneapolis, MN, USA
  • Mar 21, 2020
Full time Other

Job Description

MUST BE IN COMMUTABLE DISTANCE OF AN OFFICE LOCATION IN EDINA, MN. NO RELOCATION ASSISTANCE IS OFFERED FOR THIS POSITION.


Healthy Fruit Division:

SunOpta's Healthy Fruit platform manufactures individually quick frozen ("IQF") fruit products for retail (e.g., whole frozen strawberries, blueberries, mango, pineapple, fruit blends etc.), IQF and bulk frozen fruit products for foodservice (e.g., purées, fruit cups and smoothie mixes), and custom fruit preparations for industrial use (e.g., yoghurt or ice cream applications). We believe we are the leading North American provider of private label non-GMO and organic IQF fruit.

Healthy Fruit operates six strategically located manufacturing facilities in the United States and Mexico and it generates annual revenue of approx. $300 million.

Summary:

The VP of Finance for the Healthy Fruit provides critical leadership for the business both internally and externally. This role is responsible for all aspects of finance for the Healthy Fruit platform, including financial planning and analysis (i.e. budgeting and forecasting), financial close and reporting, business decision support (i.e. customer bids and pricing, capital investments, etc.), performance monitoring, and other important business specific matters such as transfer pricing.

Essential Duties and Responsibilities:

  • Primary business partner to the General Manager of the Healthy Fruit platform.
  • Provide visible leadership to the Fruit Finance team, including at the plant level.
  • Build and reinforce an "economic thinking" culture across the business.
  • Support commercial aspects of the business, product margin analysis, pricing decisions, make or buy decisions, product/asset rationalization, working capital management, capital investments, contractual arrangements, negotiations, etc.
  • Lead the budgeting and forecasting function for the Healthy Fruit platform, including consolidation and reporting of the P&L, balance sheet, cash flow, capital spending, etc.
  • Oversee preparation of financial analysis, and variance reporting (versus prior year and budget) for the Healthy Fruit platform, including reporting results to the Senior Leadership Team and the Board of Directors.
  • Lead the analysis and quantification of economics around all capital projects in the Fruit business
  • Ownership for all aspects of accounting and financial reporting, collaborating with the Corporate Finance function to ensure
  • Timely and accurate month-end and quarter end close
  • Effective and efficient quarterly and year end audits (internal and external)
  • Effectiveness of the design and operation of SOX controls
  • Compliance with tax regulations in the United States and Mexico
  • Oversee the timely and accurate delivery of financial reports, review for appropriateness and accuracy, with a focus on the continuous improvement of quality of submissions and a shortened close process.
  • Develop and maintain financial systems and tools to ensure the accurate and time efficient preparation of financial analysis and reports
  • Analyzes operational issues impacting financial performance as well as providing recommendations for improvement.
  • Take a leadership role in driving costs out of the business (continuous improvement culture)
  • Assist with due diligence or other special projects and corporate functions as required.
  • Work with and collaborate with other SunOpta finance and cross-functional teams on various project.
  • Other duties or projects may be assigned.

Key First 90 Day Focus Areas

  • A comprehensive review of organization, processes, and tools used to derive all financial information needed to support business decision making. This will require a high degree of collaboration with division and executive leadership, including IT, supply chain, and operations to deliver more streamlined and standardized processes.
  • Identify the most important business metrics for the Healthy Fruit platform and design standardize reporting (KPI dashboards) to measure and communicate business performance.
  • Build and reinforce strong working relationships between the members of the Healthy Fruit Finance team, and set expectations that lead to success.
  • Streamline and formalize processes around the monthly/quarterly forecasting process to minimize time and effort while maximizing forecast accuracy and cross-functional ownership.

Supervisory Responsibilities:

The VP Finance for Healthy Fruit is responsible for the overall direction, coordination, and evaluation of the Healthy Fruit platform. This person will directly oversee all finance functions and personnel that support the Healthy Fruit platform including, but not limited to, individuals located at our corporate offices in Edina, MN and Placentia, CA, and throughout of 6 manufacturing facilities in the United States and Mexico. This person will carry out supervisory responsibilities in accordance with the organization's policies and applicable laws. Responsibilities include interviewing, hiring, and training employees; planning, assigning, and directing work; appraising performance; rewarding and disciplining employee; addressing complaints and resolving problems, etc.


Qualifications:

The successful candidate must possess public company (or equivalent) experience with a successful track record for leading finance & accounting organizations and has exposure to the manufacturing and/or processing sector. In addition to combining business, commercial acumen and finance, the ideal candidate will be analytical and thorough - delving into details of the business, ensuring that financial insights are not only shared but leveraged with their business counterparts. A demonstrable ability and capacity for leading change will be critical as will the sophistication to build strong and meaningful professional relationships with the organization's executives.

Education:

Bachelor or Master's degree in Finance and/or Accounting. CPA designation is preferred.

Experience:

10+ years of progressive accounting and finance experience with a minimum of 5 years in a senior management role or equivalent. Manufacturing environment (standard costing) experience required. Consumer products (CPG) and processing experience preferred.

Knowledge and Skills:

  • Knowledge of and proficiency with accounting systems (ERPs); database software; inventory software; project management software; and MS Office Suite (Excel, Outlook, Word, Power Point).
  • Direct experience with Microsoft Dynamics (DAX), Oracle EBS and/or Hyperion systems would be an asset.
  • A background in financing modelling using MS Excel will be of particular benefit to candidates.
  • Knowledge of GAAP accounting standards, financial statements, budgeting and forecasting, tax planning, auditing, and internal controls.
  • Knowledge of cost accounting for a seasonal manufacturing business.
  • Ability to define problems, collect data, establish facts, and draw valid conclusions.
  • Demonstrates resilience after business set-backs and demonstrates persistence in tough circumstances.
  • Excellent communication skills, both verbal and written and the ability to work effectively with all levels of an organization.

Travel Requirements:

US and International Travel. Travel destinations include but are not limited to Guadalajara (MX), multiple facilities in California, Edwardsville (KS), Minneapolis (MN), and Toronto (CA).

Work Environment/Physical Demands:

Majority of work is performed in an office environment.

Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice

An Equal Opportunity Employer

EOE M/W/VET/DISABLED