AVP, Capital Management

Overview

This role is for a Director of Capital Management responsible for executing the organization’s capital strategy. The position provides primary ownership of capital analytics, modeling, and regulatory capital insights, translating quantitative results into strategic decision-making. The Director will partner with actuarial, finance, treasury, and reinsurance teams to support strong capital adequacy and financial strength ratings.

Responsibilities

Regulatory Capital & RBC Ownership

• Own the calculation, analysis, and monitoring of NAIC Risk-Based Capital (RBC) ratios across entities
• Lead quarterly and annual RBC analytics, including variance analysis, trend reporting, and key drivers of capital movement
• Ensure accuracy, consistency, and transparency in statutory capital reporting and support regulatory interactions as needed

Capital Modeling & Forecasting

• Own the development, maintenance, and enhancement of capital models to project statutory surplus and RBC under various scenarios
• Lead sensitivity and stress testing to evaluate the impact of investment strategies, business growth, and market conditions
• Provide actionable insights to inform capital planning, target setting, and risk management decisions

Rating Agency Analytics Support

• Serve as the primary analytical lead in support of rating agency processes (AM Best, S&P, KBRA)
• Develop capital analysis, exhibits, and supporting materials for rating reviews
• Support the VP in preparing for rating agency interactions, including data requests and follow-up analysis

Capital Optimization & Transaction Support

• Lead financial analysis and modeling of capital-enhancing initiatives, including reinsurance transactions and other risk-transfer strategies
• Partner with actuarial, finance, and reinsurance teams to evaluate transaction impacts on capital, earnings, and ratings
• Support execution of approved initiatives through detailed analysis and cross-functional coordination

Cross-Functional Business Partnership

• Collaborate with FP&A, actuarial, treasury, and product teams to embed capital considerations into planning, pricing, and strategic initiatives
• Provide capital insights to support decision-making on new business, investments, and organizational priorities

Management Reporting & Insights

• Prepare capital reporting and insights for senior leadership, including capital adequacy, sensitivities, and emerging risks
• Support development of materials for executive committees and Board-level discussions
• Translate complex capital concepts into clear, actionable insights for non-technical stakeholders

Process Improvement & Team Development

• Drive enhancements to capital analytics, modeling capabilities, and reporting processes
• Improve efficiency, automation, and governance of capital-related workflows
• Support the development and mentorship of junior resources as the capital management function grows

Requirements

• 10+ years of experience in insurance finance, actuarial, or capital management, preferably within life and annuities
• Strong understanding of statutory accounting (SAP) and NAIC RBC framework
• Proven experience building and maintaining capital models, including scenario and sensitivity analysis
• Familiarity with rating agency capital frameworks (e.g., AM Best BCAR, S&P capital model) and regulatory capital requirements
• Working knowledge of reinsurance structures and their impact on capital and financial results
• Advanced Excel/modeling capabilities; ability to synthesize complex data into clear insights and recommendations
• Strong ability to communicate technical concepts clearly and partner effectively across functions

Preferred Qualifications

• Progress toward or attainment of FSA, CFA, or similar designation
• MBA is a plus

Compensation & Benefits

• Variable compensation package with a base range of $170K-$210K
• Comprehensive medical, dental, and vision coverage
• HSA and 401(k) company match
• Paid time off
• Employer-paid life and disability insurance

Location

Hybrid work arrangement: this role is ideally based in one of the organization’s main offices (New York, Austin, or Miami), but flexible arrangements (including remote work) may be considered for the right candidate.