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SompoInternationalHoldingsLtd.(SompoInternational)isaspecialtyproviderofpropertyandcasualtyinsuranceandreinsurance,establishedinMarch2017astheresultoftheacquisitionofEnduranceSpecialtyHoldingsLtd.bySompoHoldingsLtd.(Sompo).
Sompo’scorebusinessencompassesoneofthelargestpropertyandcasualtyinsurancegroupsintheJapanesedomesticmarket.Inaddition,Sompoisengagedintheprovisionofinsuranceservicesaswellasotherrelatedservicesthroughitsglobalnetworkofbusinessesoperatingin32countriesaroundtheworld.
SompoInternationalistheinternationaloperationandawhollyownedsubsidiaryofSompo,whichtradesontheTokyoStockExchange.Throughouroperatingsubsidiaries,SompoInternationalunderwritesagriculture,professionallines,property,casualty,marine,aviation,energyandotherspecialtylinesofinsuranceandcatastrophe,property,casualty,professionallines,weatherriskandspecialtylinesofreinsurance.
Asaleadingglobalproviderofinsuranceandreinsurance,werecognizethatoursuccessisderiveddirectlyfromthosewhomattermost:ourpeople.SompoInternational’sheadquartersisinBermuda,andwecurrentlyhaveofficesintheUnitedStates,theUnitedKingdom,ContinentalEurope,andAsia.AtSompoInternational,asharedcommitmenttointegrity,teamwork,agility,execution,andexcellencedefineourculture,andwestrivetocreateexceptionalvalueforourclientsandshareholdersandmaintainSompoInternationalasadesirableplacetowork.
WeareseekingaVice President, North America Treasurertoserve as a senior leader on the Global Treasury team for our Property and Casualty Insuranceand Reinsurance businesses.ThepositionwillbebasedinPurchase NY.
TheNorth America Treasureris responsible forleading 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 optimizationof the Globalcapital and liquidity management frameworkwithin 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 Functionon aligning short-term operational liquidity needs with longer-term investment for North America.
KEYRESPONSIBILITIES
Serve as the primary advisor for driving decisions into the liquidity position of North America operating entities.
Oversee North America entitiesforecast 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 Financeteam.
Executethe 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 withthe 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 policiesfor North America Treasury function.
MINIMUMREQUIREMENTS
Bachelor’s degree in Finance, Accounting, or related business field
MBA or Masters’ degree inFinance 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 ofsuccess 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
Full Time
$233k-311k (estimate)
05/03/2024
07/02/2024
ir.endurance.bm
White Plains, NY
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