Vp, North America Treasurer

2 weeks ago


Purchase, United States Sompo International Full time

We are seeking a **Vice President, North America Treasurer **to serve as a senior leader on the Global Treasury team for our Property and Casualty Insurance and Reinsurance businesses. The position will be based in Purchase NY.

The North America Treasurer is responsible for leading the North America Treasury function and managing the financial affairs of the North America organization. Reporting to both the North America Regional CFO and the Global Treasurer, the incumbent will support the continued enhancements and optimization of the Global capital and liquidity management framework within the North America region, in partnership with the rest of Finance community. The incumbent will oversee the Treasury function in the following locations: United States, Canada, and Bermuda. The incumbent will work closely with our Investment Function on aligning short-term operational liquidity needs with longer-term investment for North America.

**KEY RESPONSIBILITIES**
- Serve as the primary advisor for driving decisions into the liquidity position of North America operating entities.
- Oversee North America entities forecast cash flow positions, related borrowing needs and funds available for investment.
- Ensure North America entities have sufficient funds available to meet ongoing operational, capital investment and capital distribution requirements.
- Support the transformation towards globally integrated treasury operations.
- Actively partner in developing the modelling of short-term and long-term liquidity forecasting needs working with the rest of the Finance team.
- Execute the hedging strategy for North America entities.
- 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 reporting.
- Ensure the effectiveness of North America businesses’ billing terms and settlement processes, in partnership with various operational teams.
- Support banking relationship management and advise on North America country-specific requirements.
- Implement and execute on the organization’s working capital strategy within North America working with the relevant peer functions in Finance and the business.
- Develop cash targets for all North America entities to support efficient liquidity management.
- Act as authorized signatory on bank accounts and as an officer of North America entities, as needed.
- Regular dialogue with the investment team to ensure alignment with investment policy, recommend funding for sufficient cash flow.
- Support, develop and enforce a strong environment of internal controls, effective security measures and financial management policies for North America Treasury function.

**MINIMUM REQUIREMENTS**
- Bachelor’s degree in Finance, Accounting, or related business field
- Minimum 8 years of experience as a senior member of Global Treasury Function, preferably in the Insurance industry
- Demonstrated 10 years of success in fast changing and matrix reporting environment
- Working knowledge of Capital Frameworks for Insurance Companies preferred
- Working knowledge of Capital Markets Products available to Insurance Companies preferred

**Salary Range**: $**150,000 - $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 wi