Role Overview for SVP, Treasury with a Major Insurance Company – Hartford, CT
JRG Partners is proud to partner with a globally recognized, Fortune 500 insurance company in their search for a Senior Vice President (SVP), Treasury. Based in their corporate headquarters in Hartford, CT, this executive leadership role is a cornerstone of the company’s financial architecture. Reporting directly to the Chief Financial Officer (CFO), the SVP, Treasury will serve as a key strategic partner to the executive leadership team, responsible for the stewardship of the company’s financial assets and the development of a world-class treasury function.
This is a transformative opportunity to influence the financial trajectory of a market leader. The ideal candidate will be a visionary leader with a profound understanding of global capital markets, insurance-specific treasury operations, and sophisticated risk management frameworks. You will be tasked with optimizing the company’s capital structure, managing a multi-billion dollar investment portfolio, ensuring robust liquidity, and navigating the complex landscape of financial regulations and rating agency expectations.
The successful candidate will not only manage the day-to-day treasury operations but will also provide critical insights that shape long-term corporate strategy, M&A activities, and shareholder value creation. You will lead a dedicated team of finance professionals, fostering a culture of excellence, innovation, and continuous improvement. This role demands a blend of technical mastery, strategic acumen, and exceptional leadership to safeguard and enhance the financial strength and stability of the organization.
Key Responsibilities of SVP, Treasury with a Major Insurance Company – Hartford, CT
The SVP, Treasury will have a broad and impactful mandate, overseeing all aspects of the corporate treasury department. Key responsibilities are extensive and require a hands-on yet strategic approach:
Strategic Capital Management
Develop and execute a comprehensive capital management strategy that aligns with the company’s risk appetite and strategic objectives. This includes continuous evaluation of the capital structure, optimizing the mix of debt and equity, and managing capital adequacy ratios to ensure financial strength. You will lead capital planning, forecasting, and stress testing initiatives to ensure resilience under various economic scenarios. A critical part of this role is managing relationships with rating agencies (e.g., Moody’s, S&P, A.M. Best) to effectively communicate the company’s financial story and maintain strong credit ratings.
Investment Portfolio Oversight
Provide strategic oversight for the company’s vast investment portfolio. While not directly managing day-to-day trades, you will establish the overall investment policy, define strategic asset allocation, and oversee relationships with external asset managers. You will be responsible for robust Asset-Liability Management (ALM) strategies to manage duration risk and ensure investment returns align with liability obligations. This includes monitoring portfolio performance, risk exposures, and compliance with investment guidelines.
Liquidity and Cash Management
Direct global liquidity and cash management strategies to ensure the company can meet all its financial obligations in a timely and cost-effective manner. This involves developing sophisticated cash flow forecasting models, managing daily cash positions, optimizing banking structures, and overseeing short-term borrowing and investment activities. You will be responsible for establishing and maintaining adequate credit facilities and contingency funding plans to navigate market disruptions.
Financial Risk Management
Lead the identification, measurement, and mitigation of financial risks, including interest rate risk, foreign exchange risk, credit risk, and counterparty risk. You will be responsible for developing and implementing hedging strategies using various derivative instruments to protect the company’s balance sheet and earnings from market volatility. This requires a deep understanding of financial markets and risk management instruments.
Debt and Capital Markets
Oversee all debt issuance and capital markets activities. This includes structuring and executing public and private debt offerings, managing the company’s debt portfolio, ensuring compliance with covenants, and maintaining strong relationships with investment banks and the broader financial community. You will also play a key role in evaluating and executing capital-related aspects of potential M&A transactions.
Treasury Operations and Technology
Drive the modernization and efficiency of the treasury function through technology and process improvement. This includes overseeing the Treasury Management System (TMS), ensuring robust internal controls, and automating processes to enhance accuracy and efficiency. You will ensure the treasury infrastructure is scalable and secure.
Leadership and Team Development
Lead, mentor, and develop a high-performing treasury team. Foster a collaborative and inclusive environment that encourages professional growth and accountability. You will be responsible for setting clear goals, providing regular feedback, and building a talent pipeline for the future of the finance organization.
Requirements for the SVP, Treasury with a Major Insurance Company – Hartford, CT
This senior executive role requires a seasoned professional with a demonstrated track record of success in a complex, large-scale financial environment. The qualifications are rigorous and reflect the strategic importance of the position.
Experience
A minimum of 15+ years of progressive experience in corporate treasury, finance, or a related field, with at least 7-10 years in a significant leadership role. Direct experience within the insurance industry is strongly preferred; experience in banking or another highly regulated financial services sector is also valuable.
Education
A Bachelor’s degree in Finance, Economics, Accounting, or a related field is required. An MBA or other advanced degree is highly preferred.
Certifications
Professional certifications such as Chartered Financial Analyst (CFA) or Certified Treasury Professional (CTP) are highly desirable and will be given strong consideration.
Technical Expertise
Expert-level knowledge of treasury functions, including capital markets, debt management, investment management, ALM, and financial risk management. Deep understanding of regulatory capital frameworks, including those set forth by the National Association of Insurance Commissioners (NAIC), is critical.
Strategic Mindset
Proven ability to think strategically and translate business goals into actionable treasury initiatives. Experience contributing to enterprise-level strategy and advising C-suite executives and the Board of Directors.
Leadership Skills
Exceptional leadership and people management skills with a proven ability to build, motivate, and lead high-performing teams. A track record of mentoring and developing talent is essential.
Communication & Influence
Superior communication, presentation, and interpersonal skills. The ability to articulate complex financial concepts to a wide range of audiences, from the Board of Directors to junior analysts. Proven ability to build relationships and influence key stakeholders, including investors, rating agencies, and banking partners.
Analytical Acumen
Strong quantitative and analytical skills, with the ability to model complex financial scenarios and make data-driven decisions. High proficiency with financial software, Treasury Management Systems, and ERP systems.
Integrity
Unquestionable personal and professional integrity, a strong work ethic, and a commitment to the highest ethical standards.
Benefits & Perks Offered
Our client is committed to attracting and retaining top-tier talent by offering a comprehensive and highly competitive executive compensation and benefits package. This includes:
Executive Compensation
A highly competitive base salary complemented by a significant annual performance-based bonus and a long-term incentive plan (LTI) with equity components.
Health & Wellness
Premier medical, dental, and vision insurance plans for you and your dependents. Comprehensive wellness programs, including an executive physical program, mental health support, and fitness subsidies.
Retirement Planning
A robust 401(k) plan with a generous company match and potential for additional profit-sharing contributions. Access to financial planning services.
Work-Life Balance
A generous paid time off (PTO) policy, including vacation, sick days, and company holidays, designed to support a healthy work-life integration.
Relocation
A comprehensive relocation package is available for the successful candidate and their family to the Hartford, CT area.
Professional Development
A strong commitment to continuous learning with support for executive education, industry conferences, and professional certifications.
Additional Perks
Other benefits include life insurance, disability insurance, paid parental leave, and various corporate discounts.
How to Apply
This is an exclusive search being conducted by JRG Partners. To be considered for this exceptional opportunity, please submit your resume and a cover letter outlining your qualifications and interest in the role. We encourage you to explore our expertise in this domain by visiting JRG Partners’ Insurance & Financial Services practice area. All inquiries and applications will be handled with the strictest confidence. We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.
