Sompo International Purchase , NY 10577
Posted 3 weeks ago
As a leading provider of insurance and reinsurance with worldwide operations and employees in Bermuda, U.S., U.K., Continental Europe and Asia, we recognize that our success is derived directly from those who matter the most: our people. At Sompo International, our values of integrity, collaboration, agility, execution and excellence underpin our culture and our commitment to providing an employee experience that attracts and engages the best talent in the industry. As we continue to grow, we strive to find diverse, innovative and driven professionals to join our teams and offer a broad range of career and development opportunities at all levels, in multiple business areas, in each of our locations throughout the world. Our compensation and benefits programs are market driven and competitive, with excellent family friendly policies and flexible working provisions.
Job Description
We are seeking a Vice President, Head of Treasury Strategy to serve as a senior leader on the Treasury team for our Property and Casualty Insurance and Reinsurance businesses. The position will be based in our Purchase, NY, New York, NY or Morristown, NJ office.
The Head of Treasury Strategy is responsible for managing all the interactions that support the short- and long-term planning of Treasury. Reporting to the Global Treasurer, the incumbent will develop and maintain our collateral and credit management framework in the following locations including the United States, Canada, Bermuda, United Kingdom, Continental Europe, and Asia. The Head of Treasury Strategy will facilitate the process to evaluate strategic transactions for the organization partnering with Business Unit CFOs, Tax, Investments, and ERM, ensuring we are adequately managing our capital and liquidity resources. The incumbent will drive the collateral management process, ensuring we have sufficient resources to satisfy our collateral obligations while minimizing the financial cost to the organization working with Investments, FP&A, Business Unit CFOs, and Business Unit Operations' team. The incumbent will work closely with our banking partners to establish robust working capital.
Responsibilities
Support the transformation towards a globally integrated treasury operational team
In partnership with ERM develop and manage the Credit Management process
In partnership with other Treasury functions develop and report dashboard KPIs to monitor Treasury globally
In partnership with regional treasury functions, and Investments build out working capital programs
Support preparation of Board materials, internal stakeholder socialization and alignment conversations for Treasury initiatives
Maintain a robust network of Banks that support the Organization's current and future needs
Develop KPIs to evaluate key banking relationships to report to the Global Treasurer, CFO and as needed ELT
In partnership with Business Unit CFOs identify opportunities to better utilize Banking products to reduce capital and liquidity requirements
In partnership with ERM support Rating Agency considerations for evaluating transactions
In partnership with other Treasury functions evaluate Capital and Liquidity impact of prospective transactions
Partner with FP&A to develop capital, and rating strategy to meet organizational objectives
Act as authorized signatory on bank accounts, as needed
Develop and enforce strong internal controls, effective security measures and financial management policies
Qualifications
Bachelor's degree in Finance, Accounting, or related business field
MBA or Masters' degree in Finance or another quantitative subject area preferred; ideally supplemented by a relevant professional certification such as Certified Treasury Professional or CFA
Minimum 8 years of experience as a senior member of Global Treasury Function in the insurance industry
Knowledge of Capital Frameworks for Insurance Companies
Knowledge of Capital Markets Products available to Insurance Companies
High Level understanding of Investment products for an Insurance Company
Salary Range: $140,000- $220,000 Actual compensation for this role will depend on several factors including the cost of living associated with your work location, your qualifications, skills, competencies, and relevant experience.
At Sompo, we recognize that the talent, skills, and commitment of our employees drive our success. This is why we offer competitive, high-quality compensation and benefit programs to eligible employees.
Our compensation program is built on a foundation that promotes a pay-for-performance culture, resulting in higher incentive awards, on average, when the Company does well and lower incentive awards when the Company underperforms. The total compensation opportunity for all regular, full-time employees is a combination of base salary and incentives that gets adjusted upfront based on overall Company performance with final awards based on individual performance.
We continuously evaluate and update our benefit programs to ensure that our plans remain competitive and meet the needs of our employees and their dependents. Below is a summary of our current comprehensive U.S. benefit programs:
Two medical plans to choose from, including a Traditional PPO & a Consumer Driven Health Plan with a Health Savings account providing a competitive employer contribution
Pharmacy benefits with mail order options
Dental benefits including orthodontia benefits for adults and children
Vision benefits
Health Care & Dependent Care Flexible Spending Accounts
Company-paid Life & AD&D benefits, including the option to purchase Supplemental life coverage for employee, spouse & children
Company-paid Disability benefits with very competitive salary continuation payments
401(k) Retirement Savings Plan with competitive employer contributions
Competitive paid-time-off programs, including company-paid holidays
Competitive Parental Leave Benefits & Adoption Assistance program
Employee Assistance Program
Tax-Free Commuter Benefit
Tuition Reimbursement & Professional Qualification benefits
Sompo is an equal opportunity employer committed to a diverse workforce. M/F/D/V
Sompo International