Treasury Operations Lead

Job Title: Treasury Operations Lead
Employee Status: Regular
Schedule: Full time
Location: Westfield Center, OH

 

About Us:
You’re ready to make your mark where people care about each other. Where your work is meaningful. And where your unique perspectives are welcome. Think about joining Westfield, a company focused on what’s most important – the people behind our policies.  

 

Westfield was founded in 1848 by a small group of hard-working farmers who believed in the promise of the future and the power of the individual. Today, as one of the nation’s leading property and casualty (P&C) companies, we remain true to their vision and are dedicated to making a positive difference in our customers’ lives.

 

Responsibilities :

• Oversees the process activities of the Treasury Operations department ensuring daily, monthly, and annual deadlines and objectives related to cash management are met.
• Responsible for the development, application, and enforcement of company procedures and policies associated with accounting controls and staff conduct. Ensures that procedures safeguard cash and deposits, and disbursements are handled and accounted for properly.
• Serves as lead support of the PeopleSoft Cash Management application, assisting with proper set up, processing and upgrade testing.
•  Maintains multiple bank service relationships and reporting in support of Company-wide bank account structure, regulatory state depository requirements, and other collateral requirement programs.
• Oversees administration of bank systems in relation to evolving treasury service needs and user entitlements, in compliance with segregation of duty controls.
• Monitors and identifies cost-saving opportunities with treasury services functions.
• Facilitates changes in treasury services with banks and other internal departments.
•  Monitors and oversees cash management compliance with evolving regulations and policies. Assists in monitoring external economic impacts to cash management.
• Oversees the Company’s short-term cash forecasting process. Works closely with Assistant Treasury and Accounting Operations Leader to monitor ongoing liquidity needs, short term investing / borrowing, as needed.
• Provides support for Corporate Procurement Card Administrator role. Uses PaymentNet administration entitlement to address inquiries, facilitate communication with corporate procurement card vendor, and provide general customer service support to corporate procurement cardholders. Performs operational audit reviews supporting process controls and ensuring compliance with Company policies.
• Assists with month end cash general ledger reconciliation variances.
  • Research reconciling issues and updates the general ledger and other ancillary financial systems in a timely manner.
  • Participates in communication with both internal and external business partners (e.g., various financial institutions) on discrepancy in the data.
• Assists in preparing various schedules associated with month end and quarter end reporting requirements (specifically, Schedule E and various investment/collateral disclosure Notes).
• Performs ad-hoc analysis and participates in special projects, as needed.
•  Assists with talent management responsibilities including employee selection, performance management, coaching and development. Assist with managing priorities and workload distribution. Performs operational responsibilities that drive team performance including planning, execution, process improvement and best practice sharing.
• Provides lead support for external or internal audits. Communicates with auditors, bank employees, outside vendors, and other internal employees regarding department policies and issues.
•  Updates and maintains department’s disaster recovery plan in coordination with corporate initiative.
• Assists with the department budget and performance planning.
•  Travels occasionally to participate in special assignments, training, and/or travel between office locations.

 

Qualifications: 

• 5+ years’ experience in treasury operations, cash management, investments, banking type role, Finance and/or Accounting.
• Experience researching problems, analyzing data, and providing solutions.
• Strong computer and software knowledge and experience with the following: MS Office specifically Excel (writing formulas, creating pivot tables, using Macros) and PeopleSoft or similar application.
• Effective written, verbal, and interpersonal communication skills resulting in the ability to interact and collaborate with all levels within the Company.
• Bachelor’s degree in Finance, Accounting or Business Administration.
• Strong organizational skills and experience being adaptable and resourceful in various situations.
• Ability to create and maintain good working relationships with third party service providers and customers.
• Certified Treasury Professional (CTP) designation.
• Physical  essential functions: ability to work 40 hours in an office environment (sitting, standing, on a computer, etc.), operate office related technology (computer, phone, etc.), travel as required.

 

Westfield offers a Total Rewards program that focuses on compensation, benefits and wellness, and includes perks like 401(k), pension plan, annual incentive, education reimbursement, flex-time, onsite fitness center or gym reimbursement and casual dress. Work/life balance, recognition, and learning and career development are all part of a rewarding career with Westfield. 

Learn more about current opportunities at www.westfieldinsurance.com/careers.

We are an equal opportunity employer/minority/female/disability/protected veteran.

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