Head of Treasury and Capital Management

JOB SUMMARY

The Head of Treasury and Capital Management establishes and leads GBU Life’s integrated Treasury and Capital Management function. The role is accountable for enterprise liquidity, funding, capital planning and forecasting, Treasury operations, asset-liability management (ALM), hedging strategy and governance, and balance-sheet decision support.

In evaluating capital management options, the role considers the full range of capital actions available to GBU, including reinsurance, and assesses capital, liquidity, earnings, and risk implications. This position integrates inputs from Actuarial, Investments, Accounting, FP&A, Enterprise Finance Strategy, and Enterprise Risk Management (ERM) to develop actionable recommendations for senior leadership and governance committees.

As a priority Finance capability build, the Head establishes the operating model, governance, controls, metrics, staffing, and capabilities needed for a sustainable function. DUTIES AND RESPINSIBILITIES Treasury, Liquidity and Funding

• Build and lead the Treasury and Capital Management operating model, including policies, controls, metrics, staffing, and service relationships.
• Own enterprise liquidity strategy and operations, including cash positioning, forecasting, liquidity buffers, contingency liquidity, and escalation.
• Own funding strategy and execution, including banking relationships, Federal Home Loan Bank matters, collateral, borrowing capacity, and alternatives.
• Establish liquidity and funding metrics, limits, reporting, and escalation processes.
• Assess liquidity, funding, and capital implications of major business, investment, product, and strategic decisions. Capital Management
• Own capital planning, forecasting, RBC monitoring, stress testing, and reporting.
• Translate capital results, scenarios, and sensitivities into actions and escalation.
• Integrate capital considerations into forecasting, planning, business decisions, and governance.
• Analyze and compare capital actions, including surplus notes and other capital instruments, dividend/capital contribution decisions, investment and product actions, and reinsurance, and recommend the combination balancing capital, liquidity, earnings, and risk.
• Evaluate existing and prospective reinsurance structures as a capital action, including effects on required capital, surplus, liquidity, collateral funds-withheld, counterparty exposure, and earnings, and incorporate results into recommendations. Reinsurance strategy, negotiation, and operations ownership sits outside this role.
• Partner with Accounting and Financial Operations on statutory capital, cash investment data, controls, reconciliations, and financial-reporting implications.
• Monitor regulatory and rating-agency considerations affecting GBU’s capital position and translate developments into implications. Asset-Liability Management
• Own the enterprise ALM framework and recurring process, integrating asset, liability, liquidity, capital, earnings, and product considerations.
• Establish ALM governance, limits, assumptions, scenarios, reporting, cadence, and decision forums with Actuarial, Investments, FP&A, Accounting, and ERM.
• Coordinate ALM analysis and translate complex balance-sheet information into decision-ready recommendations.
• Partner with Actuarial on liability cash flows, duration, policyholder behavior, renewal assumptions, product economics, reinsurance assumptions, and liability sensitivities, including how assumption changes affect ALM, reserves, capital, and liquidity, while maintaining Actuarial ownership of liability models, assumptions, reserves, and pricing.
• Partner with Investments on asset assumptions, strategic asset-allocation guardrails, investable-cash deployment, portfolio constraints, manager utilization, implementation feasibility, and Investment Committee recommendations while maintaining Investments’ ownership of investment strategy, asset selection, manager oversight, and portfolio execution.
• Evaluate balance-sheet sensitivities related to rates, spreads, liquidity, earnings, capital, liabilities, investments, and market conditions. Hedging
• Own hedging strategy, policy, governance, monitoring, and operating model for programs managing liability, capital, liquidity, or earnings volatility.
• Own index crediting hedge programs supporting indexed guarantees, including option budgets, hedge design, execution oversight, effectiveness measurement, and reporting against credited rate obligations.
• Develop and oversee macro hedging strategies protecting statutory capital, surplus, and earnings from interest rate, equity, and other market shocks at the enterprise level.
• Establish hedging objectives, limits, monitoring, reporting, and escalation processes.
• Monitor hedge exposures, effectiveness, risks, and implications. Financial Planning and Balance-Sheet Integration:
• Partner with FP&A and Performance Management on capital, liquidity, investment income, funding, and ALM inputs to forecasts, plans, scenarios, and performance reporting.
• Partner with Enterprise Finance Strategy on enterprise scenario integration, capital-allocation considerations, strategic trade-offs, and executive decision support while maintaining its ownership of enterprise financial strategy, Finance transformation, and integrated executive narrative.
• Incorporate financial, actuarial, investment, risk, and operating inputs into balance-sheet analysis and recommendations.
• Provide capital, liquidity, funding, counterparty, and balance-sheet analysis to support reinsurance evaluations so reinsurance can be assessed alongside other capital actions, while permanent Reinsurance strategy and operations ownership remains separately determined. Executive and Governance Decision Support
• Develop decision-ready capital, liquidity, funding, ALM, hedging, and balance-sheet recommendations for the Vice President, Finance, CFO, executive leadership, Investment Committee, and Board.
• Communicate complex financial and balance-sheet information clearly to senior leaders and committees.
• Own stakeholder communications on capital, liquidity, and balance-sheet matters, including executive management, Board, rating agencies, regulators, auditors, banking partners, and reinsurance counterparties, ensuring consistent messaging.
• Prepare and lead rating-agency interactions on capital, liquidity, and balance-sheet topics, anticipating questions and positioning GBU’s capital story consistently.
• Identify emerging risks, constraints, opportunities, and trends and recommend actions or escalation.
• Partner with ERM and Internal Audit to support independent risk challenge and alignment with approved risk appetite. Governance, Controls and Capability Building
• Establish and maintain Treasury and Capital Management policies, procedures, controls, decision rights, governance standards, and reporting.
• Document Treasury-owned methodologies, models, assumptions, data sources, limitations, controls, and decisions.
• Build sustainable internal capability through staffing, development, cross-training, succession planning, and structured knowledge transfer.
• Ensure external advisors accelerate internal capability rather than becoming permanent owners of GBU decisions, models, governance, or recurring deliverables.
• Establish relationships with banks, investment managers, reinsurers, consultants, rating agencies, regulators, and specialists.
• Monitor regulatory, rating-agency, market, and industry developments affecting capital, liquidity, investments, hedging, or funding and communicate implications. Properly Adheres to Company Risk Management Principle
• Support GBU’s Enterprise Risk Management Framework.
• Comply with applicable laws, regulations, policies, and procedures; complete required training; execute and monitor controls; identify, assess, escalate, and remediate risks and control failures; and report compliance or regulatory concerns to management.
• Understand and conduct oneself in accordance with the Employee Handbook and preserve GBU’s brand and reputation.

QUALIFICATIONS

• Bachelor’s degree in Finance, Accounting, Economics, Actuarial Science, Mathematics, or related field.
• 10+ years of progressive experience in insurance Treasury, capital management, ALM, investments, corporate finance, or closely related discipline.
• Experience with life-insurance balance sheets, statutory capital, liquidity forecasting, funding, and enterprise financial analysis.
• Experience developing and presenting recommendations to executives and/or committees.
• Ability to integrate complex inputs from Investments, Actuarial, Accounting, FP&A, Enterprise Finance Strategy, and ERM.
• Strong leadership, strategic thinking, judgment, and stakeholder-management skills, including executive, Board, rating-agency, and regulator communications.
• Ability to build processes, governance, controls, and organizational capabilities in an evolving environment.
• Ability to balance strategic leadership with hands-on execution and capability development.

Preferred Qualifications

• CFA, CPA, FSA, CTP, MBA, or relevant advanced degree/designation.
• Experience leading an insurance Treasury, Capital Management, or ALM function.
• Experience with hedging programs, including index crediting hedges and macro hedging of capital and earnings; strategic asset allocation; evaluating reinsurance structures for capital/liquidity impact; Federal Home Loan Bank facilities or rating-agency analysis.
• Experience in a mid-sized life insurer, balancing strategic leadership with hands-on capability building.
• Experience managing external advisors and transitioning models, processes, and deliverables into sustainable internal ownership. OUR BENEFITS
• Medical, Dental Vision
• Company Paid HRA
• 401(k) + match
• Pension Plan
• Long-Term & Short-Term Disability
• Life Insurance & AD&D
• PTO and VTO (Volunteer Time Off)