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. In addition, to be a good fit for the Cash Specialist opportunity, you will have:- A bachelor's degree in Finance or Accounting required; MBA preferred Quick question for you - click here
- 4 to 8+ years in Finance or Accounting with a strong background in Treasury
- Banking administration experience
- Merger integration experience is highly preferred
- Some supervisory or management experience is an advantage but not required
- Experience in the Refinery, Oil & Gas or Energy Industries preferred
- Strong computer skills, including:
- Strong proficiency with MS Office Suite programs, including strong Excel skills (ability to create complex spreadsheets, pivot tables, VLOOKUPs, etc.)
- SAP knowledge and experience preferred
- Ability to analyze cash flow and the impact on financial statements
- Solid cash forecasting skills preferred Quick question for you - click here
- Strong verbal and written communication skills; the ability to effectively communicate and negotiate with a variety of internal and external stakeholders
- Leadership ability, combined with strong decision-making, organization and prioritization skills
- Self-motivation, high standards, and a performance improvement mindset
- Ability to thrive and deliver in an evolving, fast-paced environment
- Ability work independently and as a member of a strong team
The Role
Reporting to the Assistant Treasurer, as Cash Specialist, you will manage one direct report, the Treasury Coordinator, and be responsible for daily cash administration, bank account management, accounts receivable exposure reporting and more. You will influence cash management processes and improvements, ensuring we are following company policies and procedures, and learn and stretch in other areas as needed.Daily, you'll oversee cash positioning, reporting and payments (approval of wires), including payments and the cash management function. Specific responsibilities will include:
- Bank account administration
- Overseeing daily payment runs (ACH / wires) involving multiple bank accounts
- Supporting the credit function with vendors and suppliers
- LC and parent company guarantee administration
- Preparation of AR exposure report 2xs per month (i.e. collecting analyze data from various departments and submitting findings to leadership to inform decisions around collections and other credit needs)
- Cash positioning and oversight of daily cash/liquidity report (multiple accounts across multiple legal entities)
- Oversight of analyst reconciling cash receipts with invoices
- Forecasting current liquidity needs
- Managing month- quarter- and year-end close from a cash perspective (e.g. clearing open case items; supporting internal and external auditors, etc.)
- Back-up for other roles, such as the Treasury Coordinator, as needed
- Project work as driven and assigned
- Perform other duties as 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.
More Good Reasons
Compelling employee value propositionPar Pacific is a growing energy company that provides more opportunity and career growth potential because of our ambition, entrepreneurial mindset, premier market position, and integrated business systems. People truly have amazing careers at Par because they are exposed to all areas of the company and are connected to many industry experts. Success in this role could lead to expanded and/or new responsibilities within the broader finance organization.
Unique culture
There is nothing ordinary about Par Pacific -- an unorthodox niche player in the energy space that drives operations from production to delivery. And there's certainly nothing ordinary about Par Pacific people. If you're at Par, you're a driven, creative thinker, and a hardworking, entrepreneurial professional that loves to win. If that describes you, you'll fit right in.
Location, location, location
Because Par Pacific is located in some of the most beautiful places throughout the country, our employees get to make these places their home and enrich their lives. We are located 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. We also have lots of free parking.
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.
Award-winning impact
We are making an award-winning impact on the Oil & Gas Market. In fact, the Houston Chronicle ranked Par Pacific as #8 on the annual Chronicle 100 list of top performing companies powering Houston's economy in 2017! Companies were ranked by performance criteria reflecting stock performance, revenue growth and total revenue.
Excellent compensation
In addition to a competitive salary and bonus opportunity, we offer a strong comprehensive benefits package that includes medical, dental and vision insurance; life and AD&D insurance; a 401(k) with company match; a robust paid-time-off and vacation benefit, retirement savings plans; employee assistance programs; gym membership allowance, and more.
Keys to Success
Naturally, your expertise, particularly in bank administration, will be essential, but just as important will be your interpersonal and communication skills and ability to continuously learn and take on responsibilities. You should demonstrate initiative in developing solid working relationships with other team members and leaders, and with external partners, such as bankers.Our industry and company are both fast-paced and dynamic, so you should be flexible and able to shift priorities without letting anything fall through the cracks. In the process, you will keep a constant eye out for ways to improve efficiencies and controls. We are building systems, so you'll need to think outside the box to deliver what's needed. It's part of our culture to have working leadership and from the CEO down, we all roll up our sleeves to make an impact and achieve goals.
In addition, to find success as the Cash Manager, you will:
- Be proactive about getting up to speed quickly on our company, goals and processes. We do understand there will be a learning curve that could be as long as 3-6 months, depending on your skill & experience
- Help promote a positive and collaborative culture on your team, and in interactions with other departments
- Leverage your leadership and employee development skills to coach and mentor the Treasury Coordinator
- Set high standards for yourself and your team
- Maintain a strong commitment to meeting deadlines