Treasury Manager
Treasury Manager
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Not Disclosed
Salary Not Disclosed
1 Vacancy
Job Description
With a company culture rooted in collaboration expertise and innovation we aim to promote progress and inspire our clients employees investors and communities to achieve their greatest potential. Our work is the catalyst that helps others achieve their goals. In short We Enable Possibility.
Role Summary and Purpose
The Treasury Manager will be responsible for managing the treasury operations across all Arch Insurance International role will focus on cashflow management cashflow forecasting bank reconciliation mitigating financial risks and ensuring compliance with regulations as well as maintaining key banking relationships. The Treasury Manager will work closely with our Investment Managers to help optimise liquidity as well as our Global Treasury team based in the US and the wider Finance Operations team based in London to ensure effective Treasury Operations are maintained.
Key Tasks and Responsibilities
Oversee all daily cash management activities including daily cash position collation daily movement schedules and the 2-day forecast
Make key funding decisions each day to ensure adequate liquidity across all of our entity bank accounts and to optimise returns on balances held
Help to produce and develop short medium and long-term cash forecasts for our main operational entities to aid planning and business/capital decisions. Conduct variance analysis to help continuously improve forecast accuracy
Lead the Bank Reconciliation team to ensure all reconciliations are completed accurately and timely
Ensure all controls are monitored and adhered to while complying with external regulations specific to the Insurance sector
Build and maintain meaningful relationships with Arch banking partners to ensure we have the support we need when we need it
Work closely with our investment managers by ensuring surplus funds are identified and utilised to generate the best returns
Develop support and guide a small team of Treasury professionals to ensure they continue to grow and add value to Arch
Oversee and execute FX trades as part of our cash management activities as well as helping to develop FX hedging strategies
Produce and present various reports on cash positions forecasts and performance to the board regulators various committees and senior management from across the group
Liaise and work with the Global Treasury team on a number of key Treasury related initiatives
Monitor intercompany balances and ensure they are settled on a regular basis
Collaborate with internal teams such as Risk HR Claims Reinsurance and Accounting to ensure alignment and effective coordination. Communicating with external stakeholders such as banks auditors and regulators as required.
Work closely with the Lloyds Syndicate finance teams to understand the impact of cash and capital within the Lloyds regulatory framework.
Review and approve financial transactions such as wire transfers money market subscriptions and redemptions as well as transfers to/from our investment portfolios.
Assess/review/document existing processes and suggest improvements so we can continuously improve
Take ownership of various Treasury projects as and when required as well as any ad hoc requests and duties
Role Requirements & Skills
Skills / Competencies
An understanding of the bank reconciliation process
High degree of accuracy and attention to detail
Excellent verbal and written communication skills
Excellent interpersonal skills
The ability to lead and develop a team
Strong time management and organisational skills with a proven ability to consistently meet deadlines
Ability to work collaboratively with others within the department and across the Company and wider Group
Strong analytical skills with the ability to collect and organise significant amounts of information with attention to detail and accuracy
Proficiency in Excel and confident in using finance systems such as Workday G Treasury and Clearwater.
Proactive Enthusiastic and a willingness to learn
Excellent numerical skills
Qualifications / Experience
Minimum of 3 to 5 years of experience in Treasury Management preferably within a global company
Bachelors degree ideally in a finance accounting business or a related field
Qualified or part qualified Accountant/Treasury Professional is desirable
Insurance/Financial Services background would be an advantage
Investment Management and FX Hedging experience would be beneficial
Additional Information
This is a hybrid role with two/three days per week in the office and the rest working from home
The position is based in Manchester with occasional travel to London as and when required
Do you like solving complex business problems working with talented colleagues and have an innovative mindset Arch may be a great fit for you. If this job isnt the right fit but youre interested in working for Arch create a job alert! Simply create an account and opt in to receive emails when we have job openings that meet your criteria. Join our talent community to share your preferences directly with Archs Talent Acquisition team.
14100 ARCH UK ACCOUNT SET - TO BE USED FOR Q1 PAYROLL ONLY - Arch Europe Insurance Services LtdRequired Experience:
Manager
Employment Type
Full-Time
