Director of Treasury & Investment Management (Hybrid) (Town of New Hartford)

Director of Treasury & Investment Management

The Director of Treasury & Investment Management is responsible for the liquidity, capital, and financial risk management of a mutual insurance enterprise in support of its policyholders. The role oversees investment operations, treasury operations, liquidity, banking relationships, and financial risk governance, partnering closely with the CFO, Investment Managers & Advisors, and sub-committees of the Board of Directors.

Essential Functions

• Partner with CFO, Finance Committee, and external advisors to develop, recommend, and maintain the enterprise investment strategy.
• Oversee investment operations and controls for a ~$4B portfolio.
• Coordinate with external asset managers, custodians, and investment advisors.
• Monitor investment performance, compliance, and operational risks.
• Oversee Credit & Collections team for $2B of annual premium.
• Manage enterprise Distribution Center.
• Oversee enterprise-wide liquidity management, including operating cash, claim payments, collateral, and investment settlement activity.
• Ensure sufficient liquidity under adverse scenarios, leveraging cash generated from a laddered portfolio and lines of credit.
• Support capital planning and capital adequacy analysis in coordination with finance, risk, and actuarial teams.
• Evaluate and execute capital actions, including dividends from subsidiaries to mutual parent, surplus notes, debt issuance, and capital contributions.
• Partner with executive leadership and BOD Subcommittees on balance sheet optimization and return on capital objectives.
• Manage exposure to interest rate, credit, counterparty, and market risks.
• Oversee collateral management.
• Support enterprise risk management (ERM), ORSA, and economic capital processes.
• Manage relationships with banks, custodians, rating agencies, and capital markets participants.
• Negotiate and maintain credit facilities, letters of credit, and other financing arrangements.
• Oversee treasury-related contracts and counterparty agreements.
• Support regulatory filings and examinations related to liquidity, investments, and capital.
• Participate in rating agency presentations and discussions (AM Best, S&P, Moody’s, Fitch).
• Ensure treasury activities comply with insurance regulations, internal policies, and governance standards.
• Provide treasury leadership on M&A, divestitures, and strategic initiatives.
• Assess funding, liquidity, and capital implications of transactions.
• Support integration planning for acquired entities.
• Perform other duties as assigned.
• Conform with all corporate policies and procedures.

What You Will Need

• Education: Bachelor’s Degree in Finance, Accounting, Economics, Business Administration, Corporate Finance, Financial Management, or a related field. MBA, CPA, or CFA designation preferred.
• Experience: More than 10 years of progressive treasury, finance, or investment experience, preferably within P&C Insurance, financial services, or asset management.

Salary

$184,000 - $260,000

Benefits

• Medical and Prescription Drug Benefit
• Dental Benefit
• Vision Benefit
• Life Insurance and Disability Benefits
• 401(k) Profit Sharing and Investment Plan
• Health Savings Account (HSA)
• Flexible Spending Accounts
• Tuition Assistance, Training, and Professional Designations
• Company-Paid Family Leave
• Adoption/Surrogacy Assistance Benefit
• Voluntary Benefits (Group Accident Insurance, Hospital Indemnity, Critical Illness, Legal, ID Theft Protection, Pet Insurance)
• Student Loan Refinancing Services
• Care.com Membership with Back-up Care, Senior Solutions
• Business Travel Accident Insurance
• Matching Gifts program
• Paid Volunteer Day
• Employee Referral Award Program
• Wellness programs
• Personal Insurance Discount

Utica National is an Equal Opportunity Employer. This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.