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  • Treasury Manager

  • Location: London, City of London
  • Salary: £60000 - £70000 per annum
  • Job type: Permanent
  • Ref: COD16885343
  • Recruiter: Cormac Doyle
This vacancy has now expired.

Treasury Manager

This multinational Insurance and Reinsurance business specialising in working with clients who provide Life, Critical Illness, Income Protection, Hospital Cash, Underwritten Annuities and Longevity products is looking for someone to join their business as a Treasury Manager reporting in to the Director of Finance.

The Treasury Manager will manage and support the Treasury team which currently has 3 part-qualified team members. The successful candidate will have collateral management and custodial/banking knowledge and will be able to demonstrate strong management, organisational and communication skills.

Key responsibilities:

Manage and develop the Treasury team (accounts payable, banking, expenses, treasury).

Responsible for accounts payable, including (but not limited to):

  • Processing reinsurance and operational expense payments.
  • Accounts payable controls specifically for payment authorisation.

Responsible for treasury, including (but not limited to):

  • Treasury controls, specifically for payment release.
  • Liquidity reporting (including cash flow and counterparty exposure reporting) and liquidity needs.
  • Banking relationships (including bank mandates).

Responsible for collateral monitoring, including (but not limited to):

  • Monitoring the collateral positions.
  • Processing collateral transfers.
  • Implementation of collateral arrangements for any new treaty wins.
  • Internal collateral position reporting.

Responsible for investment accounting, including but not limited to:

  • Investment controls.
  • Schroders and company (US head office) relationship.
  • Production of certain investment committee materials.
  • Solvency II, USGAAP and IFRS investment reporting
  • 6 Projects:
  • Ad-hoc requests and project work.

Skills Knowledge and Experience


  • Qualified - ACT (or similar) and/or ACA with relevant post qualified experience.
  • Strong academic record, to degree level, with proven mathematical ability.
  • Treasury experience.
  • Collateral management and custodial/banking knowledge.
  • IFRS knowledge.


  • Staff management experience, including performance management.
  • Stakeholder management experience (other departments, senior management, clients).
  • Multi-tasking skills (managing competing demands and dealing with non-standard/unstructured requests, at short notice).
  • Commercial judgement (thinking independently and exercising own judgment in decision making).
  • Process improvement experience.
  • Communication (written and oral) and presentation skills.
  • Understanding of life insurance and/or reinsurance.
  • US GAAP and Solvency II knowledge.
  • Strong Excel skills, with knowledge of formulae and manipulation of complex spreadsheets.
  • Knowledge of PeopleSoft, Essbase or other similar software packages.
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