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Treasury Manager - Cash Management

4535

We are Farmers!

Join a team of diverse professionals at Farmers to acquire skills on the job and apply your learned knowledge to future roles at Farmers. Farmers Insurance also offers extensive training opportunities through the award-winning University of Farmers named by Training magazine amongst top 10 corporate training units in the world.

 

This is a virtual position that can be located in Austin, TX; Bellevue, WA; Caledonia, MI; Columbus, OH; Independence, OH; Lake Mary, FL; Oklahoma City, OK; Olathe, KS; Phoenix, AZ; Plantation, FL; or Tigard, OR.

Job Summary

Responsible for the Farmers Insurance Treasury Management department’s daily cash management processes, with a focus on daily transactions, reporting on cash & operational activities, executing borrowing/investment transactions, and the overall liquidity management for the company. Ensures all legal entities have required liquidity. Owns cash flow forecasting processes. Additional responsibilities include determining the amount of short-term cash to be invested, as well as short-term borrowing needs. In addition to managing all cash management processes, the position’s responsibilities include identifying cost-saving and profit maximizing opportunities and ensuring compliance with company, department, and audit standards to maximize the protection of the company’s cash assets. Partners with the Treasurer to create the vision, strategy, and standards by which the Treasury department provides leadership and value to the overall Farmers organization.

Essential Job Functions

  • Oversee daily cash activity, cash flow reconciliations, and cash forecasting for all bank accounts; leverage treasury technologies to implement efficient cash management best practices; manage working capital
  • Oversee gathering, interpretation, and preparation of cash flow projections; develop forecasting methods
  • Ensure adequate liquidity for all legal entities using financial operating results and projections from numerous external departments
  • Conduct borrowing and investing activities; review, approve and release electronic disbursements
  • Develop and utilize periodic key performance indicators
  • Communicate with internal and external business partners on inquiries, issues, and escalated requests; troubleshoot daily transaction issues
  • Cross-train for all related treasury functions to serve as an effective backup to the team, as needed
  • Effectively work with and support internal business partners including Premium Collections, Accounts Payable, Legal, Tax/Legal teams and IT
  • Work with internal and external auditors
  • Identify, recommend, and implement process improvements
  • Prepare, review and maintain control compliance within the department; ensure proper controls exist over cash receipts, disbursements, and general Treasury activities; ensure that established compliance procedures and controls are being executed
  • Develop and support Treasury policies, procedures, and controls; monitor and help establish company-wide Treasury policies / internal controls; support business continuity efforts within the Treasury department
  • Support special projects and acquisitions, as assigned

Education Requirements

Bachelor's degree in finance, economics, accounting, investments, sciences or business.  Masters level or higher degree in finance, economics, investments, sciences or business preferred.  CPA or CTP preferred if only in possession of bachelor's degree or if degree(s) is in a field not listed above.

Experience Requirements

  • 7+ years of treasury, banking, or accounting experience
  • Experience in a commercial bank or payment vendor as a financial analyst, product specialist, relationship manager, or risk manager; or
  • Experience in the treasury department of an insurance / finance company as treasury manager, financial analyst, or financial risk manager; or
  • Experience as a consultant in a consulting firm in the areas of banking operations, treasury, insurance, financial risk management, financial analytics, or investments

Special Skill Requirement

  • Excellent communication skills in dealing with internal and external customers and businesses partners
  • Strong analytical, financial and systems skills are required, including advanced spreadsheet and modeling skills
  • Self-motivated and attention to detail

Desired Additional Knowledge/Experience

  • Theoretical knowledge gained from formal university (or acceptable institutions such as the Association for Financial Professionals’ CTP program) training in treasury and finance
  • Knowledge of treasury, banking, cash management, financial operations, and capital markets
  • Strong experience with cash management & forecasting
  • Knowledge of banking systems and experience with wire and ACH templates are a plus
  • Knowledge of the insurance industry gained from working experience in or for an insurance company
  • Good understanding of US insurance regulatory requirements including NAIC and rating agencies capital models

 

This is a virtual position that can be located in Austin, TX; Bellevue, WA; Caledonia, MI; Columbus, OH; Independence, OH; Lake Mary, FL; Oklahoma City, OK; Olathe, KS; Phoenix, AZ; Plantation, FL; or Tigard, OR.

 

Want to learn more about our culture & opportunities? Check out farmers.com/careers and be sure to follow us on Instagram and LinkedIn!

Apply now »