Investment & Treasury Manager - Lloyds / Insurance Sector
Company: Tony Martin / Tony Massenhove Job Ref: 2050/TM Hours: Full Time Location: London, England Working Term: Permanent Position Salary: Negotiable Deadline: 01/08/2017
Primarily responsibilities will be the day-to-day management of my client’s investment and treasury functions in direct support of the Head of Risk & Investments.
You will manage and report on the investment portfolio along with certain treasury responsibilities including liquidity management, cash flow forecasting, foreign exchange risk management and the maintenance of relevant risk policies.
A high-profiloe role, there is significant interaction with Group CFO and Group Treasurer as well as with the Finance, Tax, Capital Modelling and Risk departments.
The role provides support to the Investment Committee via the Head of Risk and Investments and to a wider Finance group on both investments and treasury areas including investment strategy, risk appetites, investment performance, portfolio asset allocations, market activity, investment manager compliance, comparison with targets / benchmarks, working capital, liquidity management and foreign exchange exposure. The individual needs to be comfortable with fixed income market concepts, investment accounting and treasury activities. Communication skills (both verbal at committees and written) will be key to the success of this role.
Core duties will include:
Develop and maintain a suite of management reporting exhibits to enable the Head of Risk and Investments, the Investment Committee and the Board to efficiently monitor the investment portfolio and make effective investment decisions
Support the Head of Risk and Investments in the design and implementation of investment processes to optimise investment returns within agreed risk tolerances
Implement investment decisions as directed by the Head of Risk & Investments & CFO
Provide Finance with investment related information and commentary required for the Group and Syndicate financial statements and planning and forecasting purposes
Work with Capital Modelling Team and the Head of Risk and Investments to ensure the parameterisation of the Asset Returns Model is appropriate
Maintain and manage the Financial Market and Liquidity Risk Policy
Ensure investment and risk policies comply with Lloyd’s, FSA and Solvency II requirements
Support the relationship with local investment managers, banks and Opus to help manage all non-investing related functions: reporting, compliance and investment management fee payments
Liaise with Opus to provide investment analysis and support to the Pension
Manage the short, medium and long term liquidity of the Group, in conjunction with the Head of Risk and Investments and the Group’s Treasury function
Support Group Treasury functions including cash flow forecasting, control testing, capital management, and certain compliance functions
Coordinate with Group Treasury and assist with daily cash management activities including but not limited to:
Monitor daily cash positioning
Determining legal entities’ cash balances available for investment
Utilising treasury workstation and online banking computer applications
Communicating with investment managers/banks/internal areas daily to ensure all cash management activities executed in an appropriate and timely manner
Monitoring and performing related controls in line with corporate requirements
Work with Head of Risk & Investments/ Group Treasurer to manage exposure to foreign currencies
Develop and maintain a suite of management reporting exhibits to enable the Head of Risk and Investments, the Investment Committee and Board to efficiently monitor liquidity and working capital position
The ideal candidate will have the following key skills and attributes:
Experience within an investment/treasury function
Experience within the general insurance market, preferably Lloyd’s
Good technical knowledge of asset classes within the Group’s investment universe.
Strong ability to analyse market data
Working knowledge of liquidity and foreign currency exposure management techniques
Working knowledge of treasury operations including daily liquidity management, cash flow reporting and forecasting
Working knowledge of Solvency II requirements on investment and treasury activities
Knowledge of UK GAAP reporting requirements for investments (knowledge of US GAAP reporting requirements a bonus)
Superior knowledge of Word, Excel and PowerPoint
Relevant professional qualification (Accountancy, Investments, Treasury)