VP, Head of Capital & Liquidity

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

Sompo International Holdings Ltd. (Sompo International) is a specialty provider of property and casualty insurance and reinsurance, established in March 2017 as the result of the acquisition of Endurance Specialty Holdings Ltd.

by Sompo Holdings Ltd. (Sompo).

Sompo's core business encompasses one of the largest property and casualty insurance groups in the Japanese domestic market.

In addition, Sompo is engaged in the provision of insurance services as well as other related services through its global network of businesses operating in 32 countries around the world.

Sompo International is the international operation and a wholly owned subsidiary of Sompo, which trades on the Tokyo Stock Exchange.

Through our operating subsidiaries, Sompo International underwrites agriculture, professional lines, property, casualty, marine, aviation, energy and other specialty lines of insurance and catastrophe, property, casualty, professional lines, weather risk and specialty lines of reinsurance.

As a leading global provider of insurance and reinsurance, we recognize that our success is derived directly from those who matter most : our people.

Sompo International's headquarters is in Bermuda, and we currently have offices in the United States, the United Kingdom, Continental Europe, and Asia.

At Sompo International, a shared commitment to integrity, teamwork, agility, execution, and excellence define our culture, and we strive to create exceptional value for our clients and shareholders and maintain Sompo International as a desirable place to work.

We are seeking a Vice President, Head of Capital and Liquidity Planning 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 NYC, Purchase NY, or Morristown, NJ.

The Head of Capital and Liquidity Planning is responsible for managing all the interactions that support the capital and liquidity planning process.

Reporting to the Global Treasurer, the incumbent will develop and maintain our capital management and liquidity management framework in the following locations including the United States, Canada, Bermuda, United Kingdom, Continental Europe, and Asia.

The Head of Capital and Liquidity Planning will drive the capital management process partnering with the Business Unit CFOs and ERM, ensuring we are adequately managing our capital resources.

The Head of Capital and Liquidity Planning will drive the liquidity management process partnering with the FP&A, Investments, Controllership, and ERM ensuring we have sufficient liquidity to meet our short term and long term needs.

The incumbent will work closely with our banking partners to establish robust working capital.

K E Y R E S PONSIBILITIES

• Support the transformation towards globally integrated treasury operations
• Enhance and manage the regional and corporate direct cash flow forecasting process
• In partnership with Business Unit CFOs and ERM develop and manage the Capital Management process
• In partnership with ERM and Investments develop and manage the Liquidity Management Framework
• In partnership with regional treasury functions develop and implement reporting KPIs for monitoring capital and liquidity adequacy and performance.
• In partnership with regional treasury functions build out a working capital plan
• Manage the capital plan, including preparation of Board materials, internal stakeholder socialization and alignment conversations.
• Support the administration of policies and procedures that impose an adequate level of control over capital management and liquidity activities
• Incorporate FX and interest-rate management into Capital Management Framework
• Contribute to the Company's ALM Framework from a capital assessment and liquidity management perspective.
• Partner with Business Unit CFOs to develop subsidiary capital structures and approach to define.
• Support structuring working capital programs partnering with business partners, shared services, FP&A, and our Banking Network
• Act as authorized signatory on bank accounts, as needed
• Develop and enforce strong internal controls, effective security measures and financial management policies.

M I N I M UM R E QUIREMENTS

• 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
• Minimum 10 years of experience working with sizeable multidisciplinary and matrix teams
• Knowledge of Capital Frameworks for Insurance Companies
• Knowledge of Capital Markets Products available to Insurance Companies
• High Level understanding of Investments

S K I L LS / RE QUIREMENTS

• Holds themself to the highest ethical standards.
• Proven success record in leading high performing teams and achieving results through others.
• Demonstrable leadership competencies, including the ability to effectively engage stakeholders across hierarchies and functional boundaries, to drive sustainable change within a larger organization.
• Excellent interpersonal and communication skills, with proven capability to influence strategies and drive engagement from the organization.
• Ability to influence decisionmakers at all levels to deliver results by partnering with business and functional leaders
• Results-oriented and disciplined approach to achieving financial and business objectives, leveraging a high level of financial acumen
• Experience with and exposure to various operational disciplines (underwriting, claims, IT, etc.) to ensure that Finance is communicating between units and capturing all required information for downstream financial reporting.
• Clearly presents ideas and concepts (verbally and written)

Salary Range : $170,000 - $225,000 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 International, 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 International is an equal opportunity employer committed to a diverse workforce. M / F / D / V

Visit our website at www.sompo-intl.com