ESSENTIAL FUNCTIONS AND BASIC DUTIES:
Maintain and enhance the cash forecasting system and structures that optimize daily and monthly cash flow for the Bermuda Companies and minimize funding requirements
Recommend improvements to cash management activities and to work closely with AR, AP, Claims, Finance and Accounting to ensure liquidity requirements are met
Review of liquidity requirements on a daily, weekly and monthly basis
Administration of bank accounts and user access, including opening, closing, and monitoring of bank accounts
Manage day-to-day banking relationship contacts
Manage periodic KYC banking requirements
Coordinate intercompany billings and settlements
Manage the corporate credit card program
Initiate, validate and approve corporate payments
Manage collateral requirements
Support the implementation of the Treasury Management System
Improve upon established Treasury processes, procedures, and policies.
Periodical review of Treasury policies relating to cash management, approval limits, bank mandates, and risk management
Manage bank counterparty risk and reporting
Project lead for ad-hoc Treasury projects
Adopt and Integrate AI methods to streamline and create efficiencies in Treasury processes
EXPERIENCE AND SKILLS REQUIRED:
7 years experience in managing the treasury function as well as experience of treasury accounting including FX, liquidity, cash flow and various financial instruments.
Experience in Collateral management and reporting
Knowledge of the insurance industry required
Proficiency in Microsoft Office Suite applications (Outlook, Word, Excel, and PowerPoint)
Experience with the FIS-Integrity treasury management system is a plus
Experience in SUN general ledger is a plus
Strong analytical skills
Extensive technical knowledge of banking, preferably in Treasury
Ability to build relationships across all business functions
Demonstrated ability to work in a team, interact with others, meet deadlines, and successfully perform in a changing/fast paced environment work environment
Excellent written and verbal communication skills
Strong time management and organizational skills
Desire to work as part of a team in a collaborative environment
Bachelor’s Degree in Finance, Accounting or Business
Skills Required
- 7 years experience in managing the treasury function
- Experience with treasury accounting including FX, liquidity, and cash flow
- Knowledge of the insurance industry
- Proficiency in Microsoft Office Suite
- Experience with FIS-Integrity treasury management system
- Experience in SUN general ledger
- Strong analytical skills
- Excellent written and verbal communication skills
- Bachelor's Degree in Finance, Accounting or Business
What We Do
Ascot Group is a global specialty insurance and reinsurance group with a record of underwriting excellence and superior claims service. Founded in 2001, Ascot provides a broad range of property and casualty products to customers worldwide through its Lloyd’s and Bermuda market platforms. In the United States, Ascot provides specialized insurance products to small and mid-sized businesses as well as offering underwriting services to high-quality carrier and syndicate partners.
