Description
Company Description:
Aspida Holdings Ltd., through its subsidiaries (collectively “Aspida”), is focused on providing retirement and reinsurance solutions, having operations in the U.S. and Bermuda with total assets of $15.1 billion as of March 31, 2024. Aspida, through its U.S. platform – Aspida Life Insurance Company – is focused on leveraging technology and agility to help clients achieve – and protect – their dreams. Its Bermuda-based reinsurance platform, Aspida Life Re, is focused on providing efficient and secure life and annuity reinsurance solutions. Aspida seeks to be a trusted partner in its clients’ financial security while driving its growth by doing good for the communities it serves. Aspida is backed by Ares Management Corporation, which, through the Ares Insurance Solutions team, provides dedicated investment management, capital solutions and corporate development support. For more information, please visit aspida.com or follow them on LinkedIn, Facebook.
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 role on the Treasury team is primarily responsible for managing the treasury function of the organization. This includes overall responsibilities for the companies’ cash management and accounts payable, as well as assisting the Treasurer with the companies’ banking relationships and credit/liquidity facilities. We are seeking a driven, self-starter with a solid understanding of finance and accounting. 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 solutions. Provide solutions for more efficient banking processes.
- Maintain a treasury management system (GTreasury) to help manage treasury functions in an automated fashion.
- Analysis of cash sources and uses to ensure proper flow of funds. Coordinate with investment team and FP&A team on cash projections so excess funds are invested timely to maximize returns.
- 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.
- Manage FHLB membership and credit line.
- Ownership of the overall Accounts Payable function to ensure timely and accurate payment of vendor invoices, including requisite controls over PO and invoice approvals.
- Understand laws and regulatory rules related to the treasury function.
- Manage all statutory custodial deposits to ensure compliance with applicable regulations.
- Maintain custody accounts to meet the needs of investment accounting and investment operations.
- 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
- Full-Time
- Full Benefits Package Available
What We Believe:
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:
- Management experience
- Bachelor’s degree in accounting, finance, or related field
- 10+ years of Treasury experience
- Insurance or Financial Services experience preferred
- Proficiency with Microsoft Office Suite and general ledger software
- Attention to detail, commitment to accuracy, and eagerness to learn
- Experience organizing and prioritizing workload and meeting deadlines
- Clear and concise verbal and written communication skills
- CPA, CFA, of MBA preferred
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