VP, North America Treasurer

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, 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
• 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, 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

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