Leverage Your Expertise in Working Capital Finance to Make an Impact on a Growing Treasury Team & Operation
Influential hands-on leadership role offering opportunities to learn & develop while simultaneously supporting a growing organization.
If you combine strong trade finance and/or treasury experience, ideally in the energy sector, with the ability to lead and support daily activities in the working capital finance, cash management and credit areas, the role of Assistant Treasurer with Par Pacific offers a compelling mix of challenge and opportunity. Consider:
You can make a wide-reaching impact in multiple areas from optimizing and simplifying working capital financing arrangements to overseeing daily treasury operations to focusing on team performance and more.
You will build and evolve your leadership and talent management skills as you manage, develop and grow the Treasury team. While leadership experience is preferred, if you have strong experience, this could be an opportunity to step up to management. The ideal leader will be committed to developing a cohesive, skilled and high-impact group, focused on performance rather than hierarchy.
You will work in our Corporate HQ and enjoy visibility inside and outside of finance, including within the C-suite.
Ours is a rapidly growing organization and while we work hard and there are challenges, we enjoy working together because of the satisfaction that comes with knowing that we are creating something great. Together, we can look back with pride at the impact we've had and the company we've built.
You'll play a key role and have the opportunity to learn and advance your skills and career. For example, if you've had exposure to cash management in the past, you will become an expert at Par Pacific. Also, in our growing organization, we additional opportunities for our proven performers.
Par Pacific Holdings, Inc. (NYSE: PARR), headquartered in Houston, Texas, owns and operates market-leading energy and infrastructure businesses. Par Pacific's strategy is to acquire and develop energy and infrastructure businesses in logistically complex markets. Par Pacific owns and operates one of the largest energy networks in Hawaii with 148,000-bpd of combined refining capacity, a logistics system supplying the major islands of the state and 91 retail locations. In the Pacific Northwest and the Rockies, Par Pacific owns and operates 60,000-bpd of combined refining capacity, related multimodal logistics systems and 33 retail locations. Par Pacific also owns 46% of Laramie Energy, LLC, a natural gas production company with operations and assets concentrated in Western Colorado.
Note: Par Pacific will not accept calls from third-party recruiters. All candidates are required to apply through this web posting.
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 Assistant Treasurer opportunity, you will have:
Bachelor’s degree in Business or Finance or similar required
5+ years of relevant trade finance and/or treasury experience required; preferably within the energy industry
Experience managing a team of professionals is highly preferred, including employees working remotely. We will consider a strong candidate with excellent trade finance or treasury experience and the runway to step up to a management role
Strong cash management experience is preferred but not required
Demonstrated computer skills, including:
Intermediate proficiency with MS Office Suite programs, specifically PowerPoint and Excel (ability to create complex/compound spreadsheets, pivot tables, VLOOKUPs, etc.)
SAP knowledge, and Treasury workstation experience a plus
Experience with Bloomberg terminal, or other industry data terminals
Ability to effectively learn any software you may not know
Experience and capability of interacting will all levels of an organization and external clients, vendors and bankers
In addition, success will require the following competencies and characteristics:
Strong learning agility with the drive to continuously evolve your skills and experience
Professional-level interpersonal and communication skills with verbal and written fluency in English
Outstanding analytical and problem-solving abilities
Highly organized and able to deliver under the pressure of a rapidly growing company and fast-paced environment
Ability work independently and as a member of a strong team
Ability to adjust work schedule to accommodate unexpected changes
Reporting to the Senior Vice President of Finance, as Assistant Treasurer, you will be responsible for leading and supporting day-to-day activities in the working capital finance, cash management and credit areas. You will manage a team of six treasury professionals, including four direct and two indirect reports ranging from the specialist to the manager level and spread across two locations. You will continue to grow the team as the company grows.
You will be responsible for supervising the daily administration of intermediation and ABL working capital facilities with J Aron and Bank of America, and for continuous improvement efforts around inventory financing and working capital optimization. You will:
Oversee daily treasury operations, including cash positioning, forecasting, liquidity reporting, quarterly debt reporting and compliance.
Supervise all credit functions and initiatives such as annual credit reviews, customer setup and deal by deal exposure management.
Manage and expand relationships with commercial banks, and monitor covenant requirements across multiple credit/loan agreements.
Assist the Treasurer and CFO with a wide variety of financial analyses including cash and liquidity trends, M&A activity, and refinancing projects.
Specific duties will include:
Interfacing with producers and trade houses to negotiate open credit and LC posting requirements.
Monitoring daily intermediation agreement reporting, invoicing and payments to optimize liquidity.
Supervising company-wide cash management and cash positioning.
Overseeing the interaction with business and financial partners regarding cash management, credit borrowings, financial data interface, authority levels, letters of credit, and investment accounts.
Supervising cash flow forecasting and working capital optimization in coordination with commercial teams.
Supervising credit risk management related activity including credit reviews, credit line assignments and customer prepay decisions.
Ensuring that applicable policies and procedures meet with the company’s objectives, needs and regulatory requirements.
Performing other duties as requested and 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 proposition
Par 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.
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.
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.
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
We are looking for an expert in working capital financing management - someone who can manage the growing commodities and trades finance complexities and who is driven to learn and fill in any gaps. S/he will be able to see the big picture, working both independently and across teams to get things done and reach goals, and the day-to-day workings of the role. S/he will also need to be skilled at managing the daily workings of the team.
To find success in the role of Assistant Treasurer, you will:
Build strong relationships both inside and outside the department and with external stakeholders
Show initiative to learn and advance your skills as needed to perform your role at a high level
Be proactive about getting up to speed quickly on our company, goals and processes
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 your team, recognizing successes and managing performance as necessary (ensuring performance projects are advancing and people are being developed)
Keep an eye out for ways to improve efficiencies and controls
Be flexible and entrepreneurial in your approach
We make it, move it and sell it
At Par Pacific, we offer more opportunity and career growth potential because of our ambition, entrepreneurial mindset, premier market position, and integrated business systems. We look for operations with strong fundamentals and great employees who can move a business forward. We offer career opportunities in transforming crude oil into high-quality fuels, including refining, logistics, and marketing/retail.
We own and operate one of the largest energy infrastructure networks in Hawaii, with a 94,000-bpd refinery, a logistics network supplying the major islands of the state, as well as 91 retail locations - 34 of which we own and operate.
In Wyoming, Par Pacific owns a refinery and associated logistics network in a niche market. Our Newcastle refinery's strategic location provides access to crude and refined products markets, and is the heart of logistics operations that include 140 miles of crude gathering systems and 40 miles of refined product pipelines.
Par Pacific also owns 46% of Laramie Energy, LLC, a joint venture entity focused on producing natural gas in Garfield, Mesa and Rio Blanco Counties, Colorado.
In March 2018, Par Petroleum LLC, a subsidiary of Par Pacific Holdings Inc., completed acquisition of 33 Cenex Zip Trip convenience stores in eastern Washington and northwestern Idaho from CHS Inc. The C-Stores are Par Pacific Holdings' first retail assets in the continental United States; we have more than 30 retail outlets in Hawaii.
In December 2018, Par Pacific Holdings closed its acquisition of certain refining assets from an affiliate of Island Energy Services ("IES"), a privately-held energy company located in Oahu, Hawaii.
In January 2019, Par Pacific Holdings completed acquisition of U.S Oil & Refining Co's downstream assets, including a 42,000-b/sd refinery strategically located on the Pacific Rim in Tacoma, Washington.
Par Pacific is an equal opportunity employer. Qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, sexual orientation, gender identity, disability or protected veteran status.
If you are a qualified individual with a disability or a disabled veteran, you have the right to request an accommodation if you are unable or limited in your ability to use or access our career center as a result of your disability. To request an accommodation, contact the Human Resources Department at firstname.lastname@example.org.
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