Treasury Analyst II

Foremost Farms USA is one of the largest, leading dairy cooperatives in the United States and major dairy food and ingredients manufacturing business. We represent hundreds of Midwest dairy farmer members located in seven Midwest states, and we produce about 500 million pounds of cheese and 50 million pounds of butter in plants across our network every year. "We Bring Dairy to Life" in eight manufacturing plants across Wisconsin and Michigan and in our headquarters in Middleton (Madison), Wisconsin; and we're looking for employees who are innovative and aim for excellence in our wide variety of production, field and business roles. Join us!

JOB TITLE: Treasury Analyst II
POSITION TYPE: Full time
CLASSIFICATION: Exempt

Hybrid Schedule, Monday - Friday
* Must be onsite in Middleton, Wisconsin 3 days per week.

Position Overview:

This position supports all aspects of daily Treasury activities including initiating financial transactions, monitoring cash flow, reconciling bank accounts, maintaining the corporate credit card program, preparing bank reporting requirements, and monitoring credit facilities. This position is also responsible for the cash forecasting process and variance analysis reporting.

Key Accountabilities:

Execute and ensure proper processing, tracking, and recording of all cash and banking transactions timely and accurately to the daily Excel cash sheet

• Update and maintain the daily cash reporting worksheet

• Download daily bank activity reports

• Evaluate cash needs for the day

• Borrow or pay down against the credit facilities as needed

• Lead daily Cash Meeting

Update and maintain four-month cash forecast and contribute to cash forecasting strategy

• Gather forecasted revenue and expense data from various departments

• Break down data into daily format

• Perform reasonableness testing on forecast to determine future cash availability

• Prepare for and lead daily cash meetings, monthly variance report meetings and monthly long-term forecast meetings with senior management

Reconcile Bank account activities with Oracle

• Perform bank account reconciliations and resolve variances with Oracle balances

• Enter monthly cash journal entries into Oracle

• Tie out Daily Cash Sheet with bank balances

Prepare Bank covenant calculations

• Prepare monthly Borrowing Base certificate

• Prepare quarterly ratio reporting calculations

• Prepare annual and semi-annual reporting requirements

Pay vendor invoices

• Process various payment batches in Oracle (ACH, checks, wires)

• Generate and send payment file to the bank for processing

• Make wire and ACH payments to vendors directly from the online banking portal

• Ensure cash is available to cover payments

• Notify A/P when payments are returned

Minimum Qualifications:

1. Bachelor's degree in accounting or finance

2. 2 years of job-related experience, either in accounting or treasury functions

3. Cash Forecasting experience

4. Advanced Excel skills

Preferred Qualifications:

1. Master's Degree in Business Administration

2. General Ledger accounting experience

Benefits:

Because you and your family matter, Foremost Farms offers some of the best benefits in the area! Our comprehensive medical plan includes health, vision, dental, and prescription insurance. You can choose to enroll in a single or family plan with low monthly premiums and low annual deductibles ($250/$500). Other benefits include:

• 401(k) with a generous company contribution (100% match on up to 8% deferral)
• Paid time off, starting at 200 hours (25 days)
• 10 Paid holidays
• Paid parental leave (6 weeks paid at 100%)
• Flexible spending accounts - for medical and dependent care (childcare) expenses
• Life and disability insurance
• Employee Assistance Program
• Referral program

• Advancement opportunities!

Don't meet every single requirement? At Foremost Farms we are dedicated to building a diverse and inclusive workplace, so if you're excited about this role but your past experience doesn't align perfectly with every qualification in the job description, we encourage you to apply anyway. You may be just the right candidate for this or other roles.

Equal Opportunity Employer

Minorities/Females/Veterans/Disabled are encouraged to apply.

At Foremost Farms USA, we believe that employee diversity brings strength to our organization. We are committed to providing equal employment opportunity to all individuals regardless of their race, creed, color, religion, sex, age, national origin, disabilities, veteran status, marital status, sexual orientation, military status, genetic information, or any other characteristic protected by state or federal law.

Successful completion of pre-employment screening is required, which could include a drug test, background check, and other verifications or assessments to be sure you will be able to succeed in your position.

Are you ready to Be Foremost?

Apply today at www.foremostfarms.com