Treasury Manager
Job Description
Responsible for the timely and accurate collection, processing and recording of daily receipt and receivable transactions, and handling inquiries from agents on premium receivable balances for the DTRIC Insurance Company, Ltd. and its affiliated companies (Companies). Responsible for processing payroll, accounts payable, and issuing checks for accounts payable, premium refunds, and claims. Responsible for managing the cash position of the Companies. Manages the Treasury Unit’s activities and staff.
SALARY RANGE: $85,203 – $144,878
Functions & Qualifications
Essential Functions:
- Responsible for the accurate and timely processing, recording, reporting, and responding in the areas of premium accounting, disbursements, check processing, and cash management.
- Prepares, directs, or manages the preparation, processing, recording, and responding of:
- Premium and commission transactions including receipts, receivables, and collections.
- Inquiries from agents and company staff of premium receivable balances and commission payments
- Disbursements and accounts payable.
- Premium refunds, claims and other checks.
- Payroll and related payroll taxes and payroll deductions.
- Manages the cash position of the Companies by analyzing financial records and reports to forecast future cash needs. Prepares periodic cash flow reports for management.
- Prepares or directs the preparation and reviews the timely preparation and submission of interim and annual reports to internal and external users, including but not limited to information required by the Accounting Unit and other departments, banks and financial institutions, management and board of directors of the Companies, customers and producers.
- Manages the activities and staff of the Treasury Unit. Directly supervises, develops, mentors, and cross trains staff. This includes, but is not limited to, hiring, training, review of work, conducting performance evaluations, taking disciplinary measures, and terminating staff.
- Designs, implements and refines internal control and procurement policies and procedures to ensure the safeguarding of assets, proper segregation of duties, and the proper authorization and classification of all treasury related transactions.
Other Functions:
- Assists in the coordination of audits or examinations of the Companies by independent accountants, regulatory agencies, and other interested parties.
- Prepares the annual budget and forecasts for Treasury Unit and related areas.
- Participate in the design, evaluation and implementation of new programs, projects, and opportunities to ensure proper oversight and control of cash and treasury related issues.
- Supports special projects, including but not limited to mergers and acquisitions, capital spending and budgeting, contract negotiations, enterprise or financial software upgrades or implementations, etc.
- Perform other duties in the Finance Department as may be assigned.
Skills/Knowledge
- Interpersonal skills:
- Ability to work with others as a team to accomplish the best outcome for the Company.
- Ability to explain technical accounting issues in layperson terms. Ability to comprehend other departmental technical issues (Underwriting, Claims, Reinsurance, etc.) and interpret
the financial impact.
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Reasoning ability:
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Ability to solve problems. Ability to interpret a variety of instructions furnished in written, oral, diagram, or schedule form. Ability to determine financial impact of business decisions through use of financial analysis or models.
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Application of Mathematical skills:
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Able to apply concepts such as fractions, percentages, ratios, and proportions to practical situations. Able to translate abstract contract and instructions into practical accounting
solutions.
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Communication skills:
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Excellent communication skills, both oral and written required. Ability to read, analyze, and interpret governmental laws and regulations, technical literature, professional journals, and
general business periodicals. Ability to write reports, business correspondence, and policies and procedures. Ability to effectively present information and respond to questions from shareholders, the board of directors, manages, staff, clients, customers, and the public.
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Education/Training:
- Bachelor’s degree in Accounting or Finance from four-year college or university required.
- CPA license preferred.
- Knowledge of U.S. GAAP required. Knowledge of Statutory (Insurance) Accounting Principles and IFRS (International Financial Reporting Standards) preferred.
Experience:
- Minimum five years progressive experience in treasury operations including but not limited to cash processing, treasury management and reporting required.
- Minimum five years supervisory experience required.
- Multi-line property and casualty insurance company, and/or insurance agency operations accounting and financial reporting experience preferred.
- Knowledge and experience with payroll processing preferred.
- Working knowledge of personal computers and Microsoft Office applications required.
- Other relevant work experience may be considered in satisfying educational and/or work experience.