AVP, Corporate Cash Management

About the role

We are seeking an experienced AVP, Treasury Operations to lead enterprise cash management, liquidity, banking, and payment operations across a complex, regulated organization.

Responsibilities

• Cash Operations & Short-Term Liquidity Management
• Lead daily cash positioning, concentration, and liquidity management across operating, claims, and investment accounts.
• Oversee 30-day cash forecasts; ensure variance analyses and actionable insights.
• Optimize working capital (collections, disbursements, premium cash flows) and coordinate intercompany funding strategies.
• Manage the borrowing facilities to support daily cash funding needs.
• Banking & Payments
• Own bank relationship program (fee benchmarking, service optimization, credit facilities coordination in partnership with Corporate Finance).
• Manage global bank connectivity (SWIFT, APIs, host-to-host), payment rails (ACH, RTP, wires), and account governance (KYC, signers, mandates).
• Drive payment factory/POBO structures where appropriate; reduce exceptions and improve straight-through processing (STP).
• Short-Term Borrowing & Investments
• Lead short-term borrowing strategy: execute on our $1 billion Commercial Paper program & execute loans on our $3 billion FHLB lending program.
• Advance our two $500mm Repurchase Programs to raise cash for daily operations.
• Establish policy-aligned deployment of surplus cash (MMFs, time deposits, short-duration instruments) in partnership with Investments; ensure compliance with limits and counterparty guidelines.
• Maintain yield, duration, and counterparty exposure; provide executive reporting on liquidity thresholds and return on cash.
• Controls, Compliance & Risk
• Maintain SOX/ICFR-compliant treasury processes (segregation of duties, user access recertification, dual approvals, system controls).
• Partner with ISO (Information Security Office) to strengthen cyber resilience for payments and banking channels; lead incident response within Treasury scope.
• Ensure adherence to regulatory requirements and internal policies; remediate audit findings.
• Technology & Data
• Drive automation and process improvements to enhance cash management, liquidity forecasting, and payment workflows.
• Implement tools for real-time reporting, dashboards, and analytics to support decision making.
• Collaborate with Treasury Systems to enhance TMS capabilities (bank statements, cash positioning, forecast models, payment approval workflows) and integrate with the enterprise ERP.
• Build self-service dashboards for executives (cash, forecast accuracy, bank fees, investment returns); standardize data lineage.

Qualifications and Requirements

• Finance Experience: 10+ years of experience in a Corporate Treasury department for a multi-divisional Fortune 500 company; 5 years leading teams.
• Insurance, financial services, or other regulated industries plus.
• Knowledge in calculating a company's daily cash position, short-term borrowing and investing, electronic payment methods and various alternatives for collecting and disbursing cash.
• Understanding of short-term investments, borrowing facilities, counterparty risk, and policy governance.
• Education: Bachelor’s Degree in Finance, Accounting, Economics, or related financial fields are required. Master’s Degree or commensurate experience/certification in the financial industry.
• Interpersonal/Language/Reasoning Skills: Strong analytical and problem solving; adept at scenario planning and variance analysis.
• Ability to effectively present information and respond appropriately to questions both internally with senior management and externally with key financial partners.
• Ability to collect data, establish facts and draw valid conclusions.
• Ability to effectively manage team functions with limited supervision.
• Technical Skills: Proficient in Microsoft Office (Word, Excel, PowerPoint and Outlook); Possess a working knowledge of using internet applications to perform treasury and financial activities; Banking connectivity (SWIFT, MT/XML, API’s); Payment rails, bank fees analysis, collections practices; TMS platforms (FIS Integrity, Kyriba, SAP) and Erp integration; Program/project management, change management, and operational excellence mindset.