Treasury Director

Description

Company Description:

Aspida is a tech-driven, nimble insurance carrier. Backed by Ares Management Corporation, a leading global alternative asset manager, we offer simple and secure retirement solutions and annuity products with speed and precision. More than that, we’re in the business of protecting dreams; those of our partners, our producers, and especially our clients. Our suite of products, available through our elegant and intuitive digital platform, focuses on secure, stable retirement solutions with attractive features and downside protection. A subsidiary of Ares Management Corporation (NYSE: ARES) acts as the dedicated investment manager, capital solutions and corporate development partner to Aspida.  For more information, please visit www.aspida.com or follow them on LinkedIn. 

Who We Are:

Sometimes, a group of people come together and create something amazing. They don’t let egos get in the way. They don’t settle for the status quo, and they don’t complain when things get tough. Instead, they see a common vision for the future and each person makes an unspoken commitment to building that future together. That’s the culture, the moxie, and the story of Aspida.

Our business focuses on annuities and life insurance. At first, it might not sound flashy, but that’s why we’re doing things differently than everyone else in our industry. We’re dedicated to developing data-driven tech solutions, providing amazing customer experiences, and applying an entrepreneurial spirit to everything we do. Our work ethic is built on three main tenets: Get $#!+ Done, Do It with Moxie, and Have Fun. If this sounds like the place for you, read on, and then apply at aspida.com/careers.

What We Are Looking For:

This Treasury team role is primarily responsible for overseeing the treasury function of the organization, with a particular focus on the administration, control, and optimization of the custody and trust accounts. This role ensures safeguarding of cash and investment assets, effective liquidity management, derivative settlement responsibilities, compliance with regulatory requirements, and strong governance over third-party service providers. This role partners closely with Finance, Investments, Legal, Risk, and external banking counterparties. We are seeking a driven, self-starter with a solid understanding of the liquidity operations of an insurance company (including asset custody and settlement), accounting, and finance. Communication skills are highly important, as well as the ability to problem solve and manage multiple priorities in a fast-paced, collaborative environment. This role will report to the Treasurer and is required to be onsite 3 days a week at our Durham, NC headquarters. 

What You Will Do:

• Know and understand various banking, investment, and treasury solutions.  Provide solutions for more efficient banking processes. 
• Manage daily and forecasted liquidity across custody and trust accounts to ensure sufficient funding and efficient capital deployment.
• Maintain custody and trust accounts to meet the needs of investment accounting and investment operations.
• Oversee daily collateral and margin monitoring and movements.
• Understand laws and regulatory rules related to the treasury function.
• Assist with the implementation and maintenance of a treasury management system to help better automate and manage treasury connectivity with our bank partners and internal customers.
• Monitor the FHLB membership, pledged collateral, and borrowing capacity.
• Assist with reporting to the Board of Directors, rating agencies, regulators, etc., as needed.
• Assist with the maintenance and management of credit facilities and other funding structures to ensure efficient use of capital and leverage.
• Ensure the integrity and effectiveness of internal controls related to treasury functions. Ensure the safety of corporate funds and assets through proper segregation of duties and access controls.

What We Provide:

• Salaried, DOE
• Long-Term Incentive Plan
• Full-Time
• Full Benefits Package Available

What We Believe:

Not sure if you meet every qualification? We still encourage you to apply! We value inclusivity, welcoming candidates from diverse backgrounds, including non-traditional paths. Unique experiences enrich our team, and the willingness to dream big makes you an exceptional candidate!

At Aspida Financial Services, LLC, we are committed to creating a diverse and inclusive environment and are proud to be an equal opportunity employer. As such, Aspida does not and will not discriminate in employment and personnel practices on the basis of race, sex, age, handicap, religion, national origin or any other basis prohibited by applicable law. Hiring, transferring and promotion practices are performed without regard to the above listed items.

Requirements

What We Require:

• 10+ years of Treasury experience, including direct experience with custody and trust accounts
• Strong understanding of custody banking, trust structures, investment operations, and asset servicing
• Experience working with custodians, trustees, and bank counterparties in corporate, insurance, or asset management environments  
• Management experience
• Proven ability to manage complex cross-functional initiatives and external counterparties  
• Attention to detail, commitment to accuracy, and eagerness to learn
• Experience organizing and prioritizing workload and meeting deadlines
• Excellent verbal and written communication skills, with experience presenting to senior leadership
• Bachelor’s degree in accounting, finance, or related field
• Proficiency with Microsoft Office Suite and general ledger software
• CPA, CFA, of MBA preferred