Treasury Manager

Pinnacol Assurance does just one thing, and does it better than anyone: provide caring workers’ compensation protection to Colorado employers and employees. And while we may be a little biased, we believe that our work shapes communities and changes lives.

We have big hearts and love big ideas. We’ve been around for more than  100 years, but don’t let that fool you. Pinnacol is committed to taking care of Colorado employers and workers in the most innovative ways. We celebrate continuous improvement, new ideas, compassion, teamwork, integrity and excellence.

What you’ll do:

The Treasury Manager is responsible for overseeing and managing the liquidity of Pinnacol Assurance (Pinnacol) and its subsidiaries. The position reports to the Chief Investment Officer and is a member of the Treasury Department whose role is to manage the organization’s cash, investments, and debt. The following are the key responsibilities:

What you can expect:

• Manage all bank and custodian relationships (Wells Fargo, JPMorgan Chase, US Bank, State Street, Wilmington Trust, and Citibank) and set up new accounts as needed.
• Prepare the daily cash reporting to ensure adequate funding in all bank accounts. 
• Develop and monitor cash forecasts for all entities and work with Finance staff to determine future funding needs; coordinate with the Portfolio Manager on any withdrawals from the investment portfolio.
• Ensure proper liquidity to support investment portfolio transactions.
• Develop and implement Treasury policies, procedures, internal controls, compliance, and business continuity plans.
• Review bank and custodian fees to identify cost savings and negotiate fee schedules as needed.
• Assist the Portfolio Manager in overseeing the custodian relationship and facilitate the payment of investment portfolio invoices.
• Engage with the Portfolio Manager with the selection of money market funds and other short-term cash investments.
• Manage the relationship with the Federal Home Loan Bank and letter of credit providers.
• Ensure surplus note interest and principal payments are processed and prepare prepayment analysis if needed.
• Assist Corporate Accounting with managing lockbox operations, wire transfers, credit cards, accounts payable, and other bank services. Negotiate fees with banks and other providers as needed.
• Partner with the Portfolio Manager on managing the collateral required for reinsurance and large deductible plans.
• Review structured settlement claim proposals, including evaluating quotes, discount rates, etc.
• Provide data to AM Best, regulators, auditors, etc.
• Assist the Chief Investment Officer in implementing strategies to manage cash, increase investment income, and achieve cost savings.
• Identify, advise, or lead projects to improve Treasury processes. 
• Perform other duties and projects as assigned.

What you need to be successful:

Bachelor’s degree in finance, accounting, or related degree.  At least five years of experience in treasury, cash management, or related financial field. Must have excellent attention to detail and strong communication and interpersonal skills.

• Our benefits go beyond the basics. You’ll get to choose from diverse benefit offerings for medical, dental and vision.
• We care about each other. We enjoy a positive, collaborative work environment. We are hard workers and high performers.
• We love who you are. Pinnacol is on a journey to embody diversity, equity and inclusion. We’re committed to creating a culture that deeply values differences, where everyone feels like they belong.
• Take a day (or 20!) off. Enjoy 20 paid days off your first full year plus 9 paid holidays.
• Take care of yourself. Sign up for unique wellness programs, including on-site, company-paid fitness facilities and classes
• Get your learning on. We promote a learning culture to help you master your current job and cultivate the skills of the future through a variety of on-site, online, and off-site professional development opportunities.
• Give back and get paid. Through our employee volunteer program, Pinnacol in Action, employees receive paid time off to volunteer with Colorado nonprofits.
• Share in our success. You’ll have the opportunity to earn a quarterly incentive, up to 12 percent of your annual base salary, when your team exceeds their goals and objectives.

When we find the right person, we try to put our best foot forward with an offer that excites you. We consider what you’d like to be paid, the skills and experience you bring, what similar jobs pay in the Denver area and make sure there’s equal pay for equal work among those you’ll be working with. The compensation amount for this role is targeted at $121K-$130K. Final offer amounts are determined by multiple factors including your experience and expertise and may vary from the amounts listed above.

Want to love your work? Apply today!

Pinnacol is committed to working with and providing reasonable accommodations to applicants with disabilities. To request assistance with the application process, please email [email protected].