Chief Financial Officer ABOUT THE COMPANY Three Bears Alaska (“Three Bears” or the “Company”) is the retailer of choice in Alaska for all essential categories, offering local communities a product selection that is not too big, not too small, but “just right” – at prices that provide value and with great service by locals, for locals. The Company was founded in 1980 by Alaskans, for Alaskans – the store footprints, inventory, and pricing are designed to meet the region’s unique needs. Three Bears offers its customers three types of shopping experiences: signature “Mini-Warehouses” (50k+ square feet with a unique, rationalized merchandise assortment model featuring grocery, outdoor/sporting products and full-service pharmacies), Supermarkets (focus is on grocery) and Convenience Stores (offer a broader merchandise selection and better pricing than a typical C-store and serve communities where population densities do not support a full mini-warehouse). Three Bears is owned by Westward Partners in partnership with the founding Alaskan family. Westward Partners is a Seattle-based private equity firm that partners with lower middle market businesses across a variety of industries based in the Pacific Northwest and Alaska. Westward partnered with and invested in Three Bears in early 2022, and has worked extensively with the Three Bears management team to successfully turbocharge growth, more than doubling the store footprint over the past four years. At this point in time, Three Bears has shifted gears from a growth mindset to a focus on margin improvement and optimization. As the new stores begin to reach run-rate and Three Bears fully digests and acclimates to its significantly larger scale and methods of operating, management in partnership with Westward has begun to employ a host of profitability improvement initiatives. The new CFO will have a significant role in managing, executing, and tracking these initiatives, as well as the continual development of new initiatives. It’s an exciting time to join Three Bears for an analytically minded senior finance professional who has a deep understanding of how to maximize gross and EBITDA margins (and absolute EBITDA dollars) in a retail/grocery environment. POSITION SUMMARY As a key member of the executive team and reporting to the CEO, the Chief Financial Officer (CFO) will assume a strategic role in the overall management of the company. The CFO will proactively engage in all areas of the Confidential Company OR “Company”, to bring data and insights, and importantly serve as a key business partner to the CEO and other Senior Leadership. This leader will have primary day-to-day responsibility for planning, implementing, managing, and controlling all financial-related activities of the company. This will include direct responsibility for accounting, finance, treasury, legal, and compliance. CORE RESPONSIBILITIES Assist the CEO and management team in achieving the company's growth and profitability targets: Assist with the facilitation and development of the Company vision, strategy, and planning needed to ensure the success of the organization. Develop and manage financial strategy. Serve as a business partner across functional areas to inform key decisions. Exceed profitability targets through operational excellence and growth in new markets. Advise management on short-term and long-term financial objectives, policies, and actions. Provide reliable forecasting and business intelligence that fuels effective decision-making: Analyze the financial details of past, present, and expected operations in order to identify development opportunities in areas where improvement is needed. Develop analysis to evaluate entry into new markets. Study long-range economic trends and project their impact on future growth in sales and market share Utilize and add to existing analytical tools (data warehouse, PowerBI tools, etc.) to efficiently convey KPIs, reports, and financials in a timely manner at all levels of the organization Exercise good financial management practices and accountability: Ensure company financials comply with GAAP, while also producing useful financial data and KPI metrics to provide senior management with critical business insights. Run a proactive and efficient budget cycle, helping the company tie its investment thesis to its strategy, operational KPIs, and financial forecasts. Make KPIs the centerpiece of the company's performance planning and dashboards. Hold peers accountable. Develop and manage the capital structure Review, oversee and present monthly, quarterly, and annual financial performance reviews. Lead the company’s compliance function with a proactive and business approach, and standardize into business practices: Monitor financial activities to ensure that all legal and regulatory requirements are met Lead the company's compliance auditing program. Proactively identify and resolve potential compliance issues before they manifest. Maintain current knowledge of organizational policies and procedures, federal and state policies / directives. Manage contract renewals and new company contracts to ensure pricing and terms are aligned with business requirements. Manage and maintain contract database to ensure compliance. Develop and maintain internal control program infrastructure throughout the organization Effectively represent the company with external stakeholders: Develop and maintain relationships with banking, insurance, benefits, 401k, and external third-party audit and tax partners. Review, oversee and present financial statements, business activity reports, financial position forecasts, and reports required by regulatory agencies and external stakeholders. DESIRED QUALIFICATIONS, SKILLS, AND EXPERIENCE Bachelor’s degree (MA/MBA preferred) in Accounting or Finance. 15+ years of progressively responsible finance/accounting experience in a high growth grocery/retail organization. Knowledge of finance, accounting, budgeting, and cost control principles including Generally Accepted Accounting Principles. Experience in strategic planning and execution. Ability to analyze financial data and prepare financial reports, statements, 3-statement financial projections, write MD&As, and deep understanding of cash flow forecasting, down to weekly basis. Extensive experience developing multi-faceted bottoms-up company budgets through partnership with internal management team members throughout various levels of the organization, as well incorporating external input and feedback (i.e. a private equity sponsor). Experience managing a levered business and dealing with bank covenants. Demonstrable experience leading and achieving cost savings and profitability improvement initiatives that have made a material impact on the organization by increasing EBITDA over time. Experience and know-how for scaling a growing organization, and anticipating staffing, infrastructural and procedural requirements for a larger business. Ability to deliver board-level financial presentations that accurately summarize business for investors, bankers and vendors. Prior experience with a private equity-owned portfolio company or experience in leading a company through a successful exit is highly desirable. Experience managing the acquisition process and integration of complementary businesses. Experience implementing new accounting software and integrating with broader ERP systems. Knowledge of contracting, negotiating, and change management. Knowledge of automated financial and accounting reporting systems. Experience as a liaison between company accountants, state, and government entities for financial audits. Excellent verbal and written communication skills. Accuracy and attention to detail is a must. High level of integrity and dependability with a strong sense of urgency and results orientation. Unquestionable personal code of ethics, integrity, diversity and trust. Interested in Learning More? 180one has been retained by Three Bears Alaska to manage this search. If interested in learning more about the opportunity, please contact Tom Haley / 503.334.1350/ tom@180one.com