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Job description
The Company
At Utica National Insurance Group, 1,400 employees countrywide take our corporate promise to heart every day: To make people feel secure, appreciated, and respected.
Utica National Insurance Group is an "A" rated $2.0B award-winning, nationally recognized property & casualty insurance carrier.
Operating along the Eastern half of the United States, based in our Home Office in Central New York, with Regional Office locations including NYC, Dallas and Charlotte.
Our Mission
is to continually meet the needs of our policyholders, agent/customers and employees resulting in sustainable profitable growth in an increasingly competitive marketplace.
We are proud to sell our products through more than 2,200 independent insurance agents around the country as we have been since 1928. These agents provide their clients with valuable insight and resources. And, as the second-largest insurer of Agents’ Errors and Omissions (E&O) business in the United States, we insure many of the agents who work with our policyholders.
Our purpose
is to make people feel secure, appreciated, and respected. These Values define the character of our employees. They personify Utica National – describing what it means to “be Utica National” and how we approach doing business. Together, with our agents, we are committed to providing our mutual policyholders with valuable services and products to help them feel secure.
What you will do:
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, while partnering closely with the CFO, Investment Managers & Advisors, and specific sub-committees of the Board of Directors. As a mutual insurer, this role places a strong emphasis on surplus protection, conservative capital management, balance sheet strength, rating agency confidence, and regulatory compliance, rather than short-term earnings optimization.
Essential Functions:
Partner with CFO, Finance Committee, and external advisors to develop, recommend, and maintain the enterprise investment strategy, ensuring: Company’s risk appetite, Long-term objectives of a Mutual insurer.
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.
Manages enterprise Distribution Center.
Oversee enterprise-wide liquidity management, including operating cash, claim payments, collateral, and investment settlement activity.
Ensure sufficient liquidity under adverse scenarios, including catastrophe events and market stress, leveraging cash generated from a laddered portfolio, as well as 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, as needed.
Partner with executive leadership, as well as 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.
Performs other duties as assigned.
Conforms with all corporate policies and procedures.
What you will need:
Education: Bachelor's Degree- Bachelor's degree in Finance, Accounting, Economics, Business Administration, Corporate Finance, Financial Management in another related field required; MBA, CPA, or CFA designation preferred.
Experience: More than 10 years Progressive treasury, finance, or investment experience, preferably within P&C Insurance or financial services or asset management preferred.
Salary:
$184,000 - $260,000
The final salary to be paid and position within the internal salary range is reflective of the employee’s work experience, their geographic location, education, certification(s), scope and responsibilities in the role, and additional qualifications.
Benefits:
We believe strongly that talented people are core to our success and are attracted to companies that provide competitive pay, comprehensive benefits packages, career advancement and challenging work opportunities. We offer a Comprehensive Benefits Plan for full time employees that include the following:
Medical and Prescription Drug Benefit
Dental Benefit
Vision Benefit
Life Insurance and Disability Benefits
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Who can apply
Review the original listing for work authorization, qualifications and employer requirements.