Treasury Manager

GENERAL PURPOSE:

The Treasury Manager is responsible for overseeing and managing the liquidity of Pinnacol Assurance (Pinnacol) and its subsidiaries. The position reports to the Chief Investment Officer and is a member of the Treasury Department whose role is to manage the organization’s cash, investments, and debt. The position will also manage the Treasury Analyst and Treasury Associate. The following are the key responsibilities:

ESSENTIAL DUTIES / RESPONSIBILITIES:
   
Provide leadership, direction, coaching and development of the Treasury Analyst and Treasury Associate to create a high performing team and culture of open communication; promote teamwork and cooperation within team and throughout organization
  
Create, implement and maintain effective performance feedback process for direct reports by establishing clear goals and expectations including adherence to standard work; hold direct reports accountable for results
   
Manage all bank and custodian relationships (Wells Fargo, JPMorgan Chase, US Bank, State Street, Wilmington Trust, and Citibank) and set up new accounts as needed.
    
Prepare the daily cash reporting to ensure adequate funding in all bank accounts.
   
Develop and monitor cash forecasts for all entities and work with Finance staff to determine future funding needs; coordinate with the Portfolio Manager on any withdrawals from the investment portfolio.
    
Ensure proper liquidity to support investment portfolio transactions.
   
Develop and implement Treasury policies, procedures, internal controls, compliance, and business continuity plans.
   
Review bank and custodian fees to identify cost savings and negotiate fee schedules as needed.
    
Assist the Portfolio Manager in overseeing the custodian relationship and facilitate the payment of investment portfolio invoices.
   
Engage with the Portfolio Manager with the selection of money market funds and other short-term cash investments.
    
Manage the relationship with the Federal Home Loan Bank and letter of credit providers.
    
Ensure surplus note interest and principal payments are processed and prepare prepayment analysis if needed.
    
Assist Corporate Accounting with managing lockbox operations, wire transfers, credit cards, accounts payable, and other bank services. Negotiate fees with banks and other providers as needed.
   
Partner with the portfolio manager to manage the collateral required for reinsurance and large deductible plans.
    
Review structured settlement claim proposals, including evaluating quotes, discount rates, etc.
    
Provide data to AM Best, regulators, auditors, etc.
  
Present to the Pinnacol Investment Committee on a quarterly basis and provide an update on the cash forecast, current cash position, and money market investments.
    
Participate in Executive team meetings and provide updates on Treasury projects, as needed.
   
Lead multi-departmental projects that improve credit card processing and other initiatives to improve liquidity and lower costs
   
Oversee Pinnacol’s Structured Settlement portfolio including but not limited to:

Interact with structured settlement brokers, injured workers and claimant attorneys to resolve questions following best structured settlement practices
Provide oversight of the daily activities for structured settlements, including processing welcome letters, quotes, ACH and check payments and updating pertinent injured worker information as required.
Evaluate structured settlement hardship requests and make recommendations whether the request is appropriate; collaborate with the legal team on new or unusual structured settlement circumstances.

ADDITIONAL DUTIES:
 
Assist the Chief Investment Officer in implementing strategies to manage cash, increase investment income, and achieve cost savings.
   
Identify, advise, or lead projects to improve Treasury processes.
  
Engage with other departments and participate in cross-functional projects to reduce costs and/ or increase efficiency.
 
Perform other duties and projects as assigned.

MINIMUM QUALIFICATIONS:
Bachelor’s degree in finance, accounting, or related degree. 7+ years of experience in treasury, cash management, or related financial field. Must have excellent attention to detail and strong communication and interpersonal skills.

COMPETENCIES:
  
Attention to Detail - Working in a conscientious, consistent and thorough manner.
  
Financial Management Accounting - Developing and implementing processes and procedures to ensure the effective recording, tracking and management of revenues and expenditures.
Interactive Communication - Listening to others and communicating articulately, fostering open communication.
Understanding and Using Financial Information - Understanding and using financial information to accomplish own work and achieve organizational goals.
Functional Expertise, Treasury - Demonstrating fluency and mastery of Treasury discipline related functions, systems and knowledge necessary to navigate, manage and resolve complex and nuanced challenges and circumstances.

WORK ENVIRONMENT / PHYSICAL ACTIVITIES:
Extensive computer work in a hybrid work environment.

DISCLAIMER:
This description is not an exhaustive list of all duties, responsibilities or qualifications associated with this job.