What you will do:

The Director of Treasury & Investment Management is responsible for the liquidity, capital, and financial risk management of a mutual insurance enterprise in support of its policyholders. The role oversees investment operations, treasury operations, liquidity, banking relationships, and financial risk governance, while partnering closely with the CFO, Investment Managers & Advisors, and specific sub-committees of the Board of Directors. As a mutual insurer, this role places a strong emphasis on surplus protection, conservative capital management, balance sheet strength, rating agency confidence, and regulatory compliance, rather than short-term earnings optimization.

Essential Functions:

• Partner with CFO, Finance Committee, and external advisors to develop, recommend, and maintain the enterprise investment strategy, ensuring: Company's risk appetite, Long-term objectives of a Mutual insurer.
• Oversee investment operations and controls for a ~$4B portfolio.
• Coordinate with external asset managers, custodians, and investment advisors.
• Monitor investment performance, compliance, and operational risks.
• Oversee Credit & Collections team for $2B of annual premium.
• Manages enterprise Distribution Center.
• Oversee enterprise-wide liquidity management, including operating cash, claim payments, collateral, and investment settlement activity.
• Ensure sufficient liquidity under adverse scenarios, including catastrophe events and market stress, leveraging cash generated from a laddered portfolio, as well as lines of credit.
• Support capital planning and capital adequacy analysis in coordination with finance, risk, and actuarial teams.
• Evaluate and execute capital actions, including dividends from subsidiaries to mutual parent, surplus notes, debt issuance, and capital contributions, as needed.
• Partner with executive leadership, as well as BOD Subcommittees on balance sheet optimization and return on capital objectives.
• Manage exposure to interest rate, credit, counterparty, and market risks.
• Oversee collateral management.
• Support enterprise risk management (ERM), ORSA, and economic capital processes.
• Manage relationships with banks, custodians, rating agencies, and capital markets participants.
• Negotiate and maintain credit facilities, letters of credit, and other financing arrangements.
• Oversee treasury-related contracts and counterparty agreements.
• Support regulatory filings and examinations related to liquidity, investments, and capital.
• Participate in rating agency presentations and discussions (AM Best, S&P, Moody's, Fitch).
• Ensure treasury activities comply with insurance regulations, internal policies, and governance standards.
• Provide treasury leadership on M&A, divestitures, and strategic initiatives.
• Assess funding, liquidity, and capital implications of transactions.
• Support integration planning for acquired entities.
• Performs other duties as assigned.
• Conforms with all corporate policies and procedures.

What you will need:

Education: Bachelor's Degree- Bachelor's degree in Finance, Accounting, Economics, Business Administration, Corporate Finance, Financial Management in another related field required; MBA, CPA, or CFA designation preferred.

Experience: More than 10 years Progressive treasury, finance, or investment experience, preferably within P&C Insurance or financial services or asset management preferred.

Salary: $184,000 - $260,000

The final salary to be paid and position within the internal salary range is reflective of the employee's work experience, their geographic location, education, certification(s), scope and responsibilities in the role, and additional qualifications.

Benefits:

We believe strongly that talented people are core to our success and are attracted to companies that provide competitive pay, comprehensive benefits packages, career advancement and challenging work opportunities. We offer a Comprehensive Benefits Plan for full time employees that include the following:

• Medical and Prescription Drug Benefit
• Dental Benefit
• Vision Benefit
• Life Insurance and Disability Benefits
• 401(k) Profit Sharing and Investment Plan (Includes annual Company financial contribution and discretionary Profit Sharing contribution based upon annual company financial results)
• Health Savings Account (HSA)
• Flexible Spending Accounts
• Tuition Assistance, Training, and Professional Designations
• Company-Paid Family Leave
• Adoption/Surrogacy Assistance Benefit
• Voluntary Benefits - Group Accident Insurance, Hospital Indemnity, Critical Illness, Legal, ID Theft Protection, Pet Insurance
• Student Loan Refinancing Services
• Care.com Membership with Back-up Care, Senior Solutions
• Business Travel Accident Insurance
• Matching Gifts program
• Paid Volunteer Day
• Employee Referral Award Program
• Wellness programs
• Personal Insurance Discount

Additional Information:

This position is a full time salaried, exempt (non overtime eligible) position.

As part of our hiring process, candidates who have accepted a formal offer must be willing to undergo a comprehensive background check and drug screen; additional screening for credit or MVR may be required for some positions.

Apply now and find out what it's like to be a part of an amazing team, thrive in an exciting environment and work for a company you can be proud of. Once you complete your application, you can monitor your status in the hiring process by logging into your profile. A representative from our Talent Acquisition team will be in touch regarding any change in your candidacy.

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