Vice President Treasurer - SSC at SUMMIT MATERIALS LLC in Denver, Colorado

Job Description:

Vice President, Treasurer

Location: Denver, Colorado

COMPENSATION

• Salary Range: $250,000 - 290,000
• FLSA: Exempt
• Bonus Eligibility: Short Term Incentive Plan Eligible/Long Term Incentive Plan

Ready for a fast-paced job where you can provide the literal groundwork that connects communities together? Join Summit Materials - a construction materials company leading the industry - where we build the foundation for a better tomorrow.

Summit Materials consists of more than a dozen local companies that supply aggregates, cement, ready-mix concrete, asphalt paving, and construction services in the United States and western Canada. At Summit Materials, we support our teammates who lay the groundwork for our communities and live by our core values: Safety, Integrity, Sustainability, and Inclusivity. We're passionate about our teammates, our work, and our communities. Each of Summit's companies celebrates their individual legacies, but together - we are Summit Materials.

Benefits

We care for you and your family: We offer comprehensive medical, dental, and vision insurance plans to support the health of you and your family.

We prepare for the unexpected: We offer life insurance, long-term disability, and short-term disability coverage at no cost to you.

We invest in your career growth with Summit Materials and beyond: Get access to our Discover Learning catalog with thousands of available courses to support your professional and personal development. You can learn on-demand, at your own pace, and from any device.

We embrace your well-being: We know that your well-being is more than just physical. We're here to provide teammates with the resources and tools they need to stay healthy and feel supported, including an Employee Assistance Program (EAP) with free counseling, financial resources, and more.

We support your personal goals: We provide a financial foundation as you plan for the future. Our programs, like our 401(k) plan where we match up to 4% of your annual income, are designed to help you prepare and reach your goals for you and your family.

We give you time to recharge: We offer our teammates Paid Time Off (PTO) so they can recharge and relax with family and friends.

POSITION OVERVIEW

The Vice President (VP) Treasurer will play a critical role in managing the financial health and liquidity of the company. Reporting directly to the Chief Financial Officer (CFO), the VP Treasurer will oversee all aspects of treasury operations, including cash management, capital markets activities, risk management, and banking relationships. The ideal candidate will possess a strong background in finance, treasury management, and strategic planning, with the ability to thrive in a fast-paced, dynamic environment.

ESSENTIAL DUTIES AND RESPONSIBILITIES

Supervisory Responsibilities:

• Initially, this position is not anticipated to have direct reports, but over time will add talent as needed in connection with the build out of the treasury function.

1. Cash Management:
   
   
   • Develop and implement comprehensive cash management strategies to optimize liquidity and maximize returns on cash investments.
   • Monitor daily cash positions and forecasts to ensure adequate liquidity for operational needs and strategic initiatives.
   • Manage relationships with banks and financial institutions to negotiate favorable terms and services.
2. Capital Markets:

• 
  
  • Oversee the company's capital structure, including debt financing, equity issuance, and other capital markets activities.
  • Evaluate financing alternatives and recommend optimal funding strategies to support growth objectives while minimizing costs and risks.
  • Lead the execution of debt transactions, including bond issuances, credit facilities, and other financing arrangements.

1. Risk Management:

• 
  
  • Develop and implement risk management policies and procedures to identify, assess, and mitigate financial risks, including interest rate risk, foreign exchange risk, credit risk and fraud/cyber security management related to treasury matters.
  • Monitor market conditions and economic trends to anticipate potential risks and opportunities and recommend appropriate hedging strategies.

1. Investment Management:

• 
  
  • Manage the company's investment portfolio, including short-term and long-term investments, in accordance with established investment policies and objectives.
  • Evaluate investment opportunities and asset allocation strategies to optimize returns while preserving capital and managing risk.

1. Compliance and Reporting:

• 
  
  • Ensure compliance with regulatory requirements and accounting standards related to treasury operations.
  • Prepare and analyze periodic financial reports, including cash flow forecasts, liquidity metrics, and treasury performance indicators, for senior management and the Board of Directors.
  • Responsible for bank loan covenant compliance and reporting to the Board and Senior Management.

1. Board Presentations:

• 
  
  • Prepare and deliver presentations to the Board of Directors on treasury-related matters, including cash management strategies, capital market activities, risk exposures, and investment performance.
  • Provide insightful analysis and strategic recommendations to support informed decision-making by the Board and Senior Management.

• Strong understanding of financial markets, banking products, and treasury systems.
• Excellent analytical, problem-solving, and decision-making skills.
• Effective communication and interpersonal skills, with the ability to interact with senior executives, board members, and external stakeholders.
• Proven leadership abilities, with experience in managing teams and driving results in a cross-functional environment.
• Ability to thrive in a fast-paced, dynamic environment and manage multiple priorities effectively.

• Bachelor's degree in Finance, Accounting, Economics, or related field
• MBA or CFA preferred.
• Minimum of 10 years of experience in treasury management, capital markets, and corporate finance.