Treasury Manager

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 entities. The 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 Lloyd’s Syndicate finance teams to understand the impact of cash and capital within the Lloyd’s 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

• Bachelor’s 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

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