Head of Treasury

We help the world see new possibilities and inspire change for better tomorrows. Our analytic solutions bridge content, data, and analytics to help business, people, and society become stronger, more resilient, and sustainable.

The Head of Treasury is responsible for leading Verisk’s Global Treasury team, working alongside the Accounting team which will provide the individual with the ability to work in and closely with a talented finance team who are right at the forefront of Verisk’s business focus. Responsible for the planning and execution of day-to-day and period-end Treasury activities including managing the company’s global cash positions, leading our capital market transactions including bond issuance, credit facility management and share repurchase programs, and maintaining compliance with company, department and audit standards. Creates the vision, strategy and standards by which the Treasury department provides leadership and value to the organisation. Oversees all banking needs and foreign currency requirements and exposures.

• Responsible for planning, development, implementation and management of all corporate treasury activities, investment and pension
• Responsible for cash management, liquidity management, foreign exchange, risk management and regulatory compliance
• Oversight of day to day cash management processes and improvements
• Manage balance sheet and debt balances, including bank credit facility and bonds
• Manage our share repurchase programs
• Maintain our Credit Rating Agency relationships
• Oversee and approve electronic disbursements
• Responsible for developing and maintaining Treasury policies, procedures and controls
• Lead the Treasury month-end close process including the review and accurate posting/recording of weekly cash activity to the General Ledger
• Oversee the monthly reconciliation of all company bank accounts
• Review and approval of ACH and wire payments
• Prepare, review and maintain SOX compliance within the department; ensure proper controls exist over cash receipts, disbursements and general Treasury activities
• Perform periodic cost review of bank fees
• Review and negotiate Treasury contracts with banks
• Oversee daily cash forecast and global cash position reporting
• Identify opportunities for and support global cash movements including documentation of intercompany loans
• Maintain strong bank relationships while managing global banking structure
• Leverage existing banking relationships to open, manage and maintain domestic and foreign bank accounts
• Monitor and oversee existing bank account services and signatories including bank account administration for opening, migrating and closing accounts
• Evaluate and recommend banking products, services and platforms as appropriate
• Monitor FX exposures and develop recommendations to create natural currency hedges
• Effectively work with and support internal business partners including Accounts Receivable, Accounts Payable, Legal, Tax/ Legal teams and IT
• Manage treasury analysts by developing objectives and development plan in line with global strategy

Compliance Responsibilities

• Answering internal and external audit queries
• Answering and completing KYC and AML reviews from our various banking relationships Present to Compensation Committee and Board of Directors as part of the Finance Committee on a quarterly basis
• Debt Covenant Compliance

Oversight of Reporting Outputs

• Monthly Bank Reconciliation Control Sheet
• Bank Access Entitlement Reports
• Cash Receipts Report
• Cash Flow Forecasts
• Monthly FX tests
• Monthly Organic Constant Currency (OCC) Analysis
• Monthly Other Comprehensive Income (OCI) Analysis
• Currency Analysis – FX exposure reporting
• Consolidated Short Term Cash Flow Reporting

• Bachelor’s Degree in Business Administration, Finance, Economics, Accounting or related field
• 10 years experience with deep expertise within the finance and treasury function of a global company; hedging experience optional
• Debt capital markets experience
• Advanced knowledge of GAAP accounting rules
• Strong analytical skills
• Strong leadership skills, with the ability to influence and engage internal cross-functional teams
• Excellent communication skills

In 2022, Verisk received Great Place to Work® Certification for our outstanding workplace culture for the sixth year in a row and second-time certification in the UK, Spain, and India. We’re also one of the 38 companies on the UK’s Best Workplaces™ list and one of 18 companies on Spain’s Best Workplaces™ list.

For over fifty years and through innovation, interpretation, and professional insight, Verisk has replaced uncertainty with precision to unlock opportunities that deliver significant and demonstrable impact. From our historic roots in risk assessment, we’ve grown to provide analytic insights that help transform industries focused on some of the world’s most critical areas. Today, the insurance industry relies on Verisk to be, and to make the world, more productive, resilient, and sustainable.

Verisk works in collaboration with our customers and at the intersection of people, data, and advanced technologies. Through proprietary platformed analytics, advanced modeling, and interpretation, we deliver immediate and sustained value to our customers and through them, to the individuals and societies they serve, with greater speed, precision, and scale.

Verisk Businesses

Underwriting Solutions — provides underwriting and rating solutions for auto and property, general liability, and excess and surplus to assess and price risk with speed and precision

Claims Solutions — supports end-to-end claims handling with analytic and automation tools that streamline workflow, improve claims management, and support better customer experiences

Property Estimating Solutions — offers property estimation software and tools for professionals in estimating all phases of building and repair to make day-to-day workflows the most efficient

Extreme Event Solutions — provides risk modeling solutions to help individuals, businesses, and society become more resilient to extreme events.

Specialty Business Solutions — provides an integrated suite of software for full end-to-end management of insurance and reinsurance business, helping companies manage their businesses through efficiency, flexibility, and data governance

Marketing Solutions — delivers data and insights to improve the reach, timing, relevance, and compliance of every consumer engagement

Verisk Maplecroft — provides intelligence on sustainability, resilience, and ESG, helping people, business, and societies become stronger

At Verisk you can build an exciting career with meaningful work; create positive and lasting impact on business; and find the support, coaching, and training you need to advance your career. We have received the Great Place to Work® Certification for the 7th consecutive year. We’ve been recognized by Forbes as a World’s Best Employer and a Best Employer for Women, testaments to our culture of engagement and the value we place on an inclusive and diverse workforce. Verisk’s Statement on Racial Equity and Diversity supports our commitment to these values and affecting positive and lasting change in the communities where we live and work.

Verisk Analytics is an equal opportunity employer.

All members of the Verisk Analytics family of companies are equal opportunity employers. We consider all qualified applicants for employment without regard to race, religion, color, national origin, citizenship, sex, gender identity and/or expression, sexual orientation, veteran's status, age or disability.

http://www.verisk.com/careers.html

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