Treasury Manager
The Resolution Life Treasury department supports the Company through two primary verticals. The Treasury Operations vertical executes the company's daily cash management and liquidity strategy, facilitates business critical money movements, oversees credit and alternative financing programs, and manages relationships with banks and internal business partners. The Treasury Strategy and Consulting vertical represents the Treasury department in new business integrations and other company projects including facilitating necessary changes to Treasury technology and the banking infrastructure and providing expertise and advice to support the organization achieving its strategic goals.
Responsibilities :
As a Treasury Manager your role will initially be in the Treasury Strategy and Consulting vertical primarily supporting project work that has a direct impact on how the department executes its treasury operations, credit & alternative financing, liquidity, cash flow forecasting, banking relationships and treasury technology functions. You will collaborate with various departments to ensure customer or stakeholder needs are met and support the overall financial strategy of the company. Over time, you will also have opportunities to rotate through additional responsibilities including within the Treasury Operations vertical or assisting with Treasury Governance, Controls & Technology.
Treasury Strategy & Consulting
- Manage and execute the objectives of treasury strategic projects, new business transaction integrations or other company projects to realize acquisition value and minimize disruption to operations
- Design cash management, cash forecast and payment process interim and target state operating models. Oversee and execute the implementation including testing of technology.
- Meet requirements of treasury related transition service agreements
- Understand customer / stakeholder needs, evaluate and recommend bank or vendor products and services to meet these needs
- Participate in M&A diligence. Manage treasury-related efforts to ensure operational readiness for deal closing and subsequent integration efforts
- Supports debt and rating agency relationships, including preparation of presentations, responses to surveys and information requests, and review of legal documents
Treasury Operations
Oversee, and execute, credit & alternative financing programs and liquidity, cash management and treasury technology strategyUnderstand drivers of liquidity and collateral risk in the reinsurance industry and leverage financing strategies to mitigate riskOversee balance sheet management efforts including debt and spread lending programs, associated collateral and covenant compliance; monitoring internal and external environment for risks that may impact these programs and escalate risks appropriately to managementOversee payment and settlement execution process with counterparties, banks, and other parties avoiding payment delays or errorsOversee, and execute, banking operations including opening, closing and maintenance of bank accounts, vendor management and banking strategy, security administration, fee analysis across all banking and vendor relationshipsResolve escalated issues with internal and external stakeholders which may include business partners, custodians, banks and other treasury services related vendorsAdditional Roles and Responsibilities
Act as treasury consultant for the company, modelling collaboration with various disciplines across the companyManagement and maintenance of treasury technology and its related data stores, file transmissions and integrationsDevelop and implement treasury related compliance, policies and procedures; identify risks and implement the appropriate operational risk mitigating controlsCollaborate with Risk and Actuarial to execute liquidity stress testing, review stress drivers, explain results, and monitor reporting for emerging liquidity risksPerforms more complex analysis including seeking new sources of data when necessaryPrepare special reports and presentationsDrives special projects and initiatives including defining treasury requirements, coordinating inter-department dependencies, organize and track progress on deliverables, escalating risks and roadblocks as neededMay provide direction, training and guidance for less experienced staffAbility to take on additional responsibilities over timeOther related treasury duties as assignedKnowledge & skills :
Bachelor's degree in accounting, economics, finance or a related fieldCTP qualification is strongly preferred. CFA or CPA qualification would be a bonus.7-10 years of professional experience in treasury and cash management, or investment operations with an understanding of current treasury and banking practices in the insurance / financial services industryExperience with Kyriba or other Treasury Management SystemCore capabilities required in this role : detail oriented, technology adept, data analysis and interpretationSeeks to understand how individual processes support a bigger pictureAbility to independently manage high volumes of work while delivering outcomes in a timely and reliable manner with a high degree of accuracyAbility to identify issues and collaborate with others to propose and implement solutions that mitigate risk and promote efficiency of processStrong organizational and project management skillsAble to work independently and solve complex problems requiring judgement while recognizing when to escalate and seek the support of leadershipExcellent verbal and written communication skillsStrong interpersonal skills, ability to build strong business partnerships and oversee the work of other staffAdaptableStrong analytical and Excel skillsLocation : West Chester, PA, New York, NY (Hybrid - 2-3 days per week in the office)
Resolution Life US is committed to disclosing a reasonable estimate of the base salary for our job roles. These estimates consider a wide range of factors in making base salary decisions, including but not limited to skill sets; experience and training; licensure and certifications; and other business and organizational needs.
In addition to salary, Resolution Life US offers a comprehensive benefits package, including our health & wellness program, incentive and recognition programs, and 401k contribution (all benefits are subject to eligibility requirements). The salary range reflects figures based on the primary location, which is listed first. The range for the role may differ based on the location.
West Chester, PA - $126,400- $154,500
New York, NY : $$135,100- $165,100
Critical Skills At Resolution Life, we have identified the following critical skills which are key to success in our culture :
Customer Focused : Passionate drive to delight our customers and offer unique solutions that deliver on their expectations.Critical Thinking : Thoughtful process of analyzing data and problem solving data to reach a well-reasoned solution.Team Mentality : Partnering effectively to drive our culture and execute on our common goals.Business Acumen : Appreciation and understanding of the financial services industry in order to make sound business decisions.Learning Agility : Openness to new ways of thinking and acquiring new skills to retain a competitive advantage.