AVP, Treasury

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 DescriptionAre you looking for your next opportunity?Sompo has a unique opportunity for a Assistant Vice President of Treasury, North America in our North America Finance Global Treasury team for our Property and Casualty Insurance and Reinsurance businesses.This role will be responsible for helping to lead the North America Treasury function and managing the financial affairs of the North America organizations. Reporting to the VP, North America Treasurer, the incumbent will support the continued enhancements and optimization of the capital and liquidity management framework within the North America region, in partnership with the rest of the Finance community. This role will help oversee the Treasury functions in the U.S., Canada, and Bermuda. Location: This position will be based out of our Purchase, NY office. We strive for collaboration which is why we offer a work environment where our employees thrive and develop long lasting careers.Our business, your impact, our opportunity:What you'll be doing:Serve as a primary advisor for driving decisions into the liquidity position of North America operating entitiesAssist in overseeing North America entities forecast cash flow positions, related borrowing needs and funds available for investmentHelp ensure North America entities have sufficient funds available to meet ongoing operational, capital investment and capital distribution requirementsSupport the transformation towards globally integrated treasury operationsActively partner in developing the modelling of short-term and long-term liquidity forecasting needs working with the rest of the Finance teamAssist in executing the hedging strategy for North America entitiesDevelop and implement Global Treasury policies and procedures within North America that impose an efficient and adequate level of control over treasury activities and provide support for regulatory reportingCollaborate with various operational teams to help ensure the effectiveness of North America businesses' billing terms and settlement processes.Support banking relationship management and advise on North America country-specific requirementsHelp to implement and execute on the organization's working capital strategy within North America working with the relevant peer functions in Finance and the businessDevelop and monitor cash targets for all North America entities to support efficient liquidity managementAct as authorized signatory on bank accounts and as an officer of North America entities, as neededRegular dialogue with the investment team to ensure alignment with investment policy, recommend funding for sufficient cash flowSupport, develop and enforce a strong environment of internal controls, effective security measures and financial management policies for North America Treasury functionWhat you'll bring:Minimum 5 years of experience as a senior member of Global Treasury Function, preferably in the insurance industry Demonstrated 7 years of success in fast changing and matrix reporting environment Working knowledge of Capital Frameworks and Capital Markets Products for insurance companies preferred Bachelor's degree in Finance, Accounting, or related business field Master's degree or professional certification such as CTP or CFA are preferredSalary Range: $120,000 - $190,000 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 contributionPharmacy benefits with mail order optionsDental benefits including orthodontia benefits for adults and childrenVision benefitsHealth Care & Dependent Care Flexible Spending AccountsCompany-paid Life & AD&D benefits, including the option to purchase Supplemental life coverage for employee, spouse & childrenCompany-paid Disability benefits with very competitive salary continuation payments401(k) Retirement Savings Plan with competitive employer contributionsCompetitive paid-time-off programs, including company-paid holidaysCompetitive Parental Leave Benefits & Adoption Assistance programEmployee Assistance ProgramTax-Free Commuter BenefitTuition Reimbursement & Professional Qualification benefitsIn today's world, what do we stand for?Ethics and integrity are the foundation of delivering on our commitment to you. We believe that core values drive success, and that when relationships are held in the highest regard, there is nothing that cannot be accomplished. At Sompo, our ring is more than a logo, it is a symbol of our promise. Click here to learn more about life at Sompo.Sompo is an equal opportunity employer and we intentionally value inclusion and diversity. Above all, we want you to work in an environment that respects everyone's unique contributions - we are passionately committed to equal opportunities. We do not discriminate based on race, color, religion, sex orientation, national origin, or age.

Created: 2025-01-08