Director - Corporate Risk Analysis

Overview

An insurance organization is seeking an experienced Property & Casualty (P&C) capital modeling professional to advance their capital modeling, solvency assessment, and stress testing framework. This role is part of the risk office and collaborates closely with underwriting, actuarial, finance, catastrophe modeling, and investment management teams.

This hands-on actuarial and financial modeling position provides influential access to primary decision makers regarding capital management, reinsurance programs, and corporate development activities involving risk assessment and capital deployment. The Director of Corporate Risk Analysis will contribute to strategic initiatives evaluating growth opportunities and capital management.

Responsibilities

• Develop, manage, and maintain the corporate economic capital model (ECM).
• Collaborate with internal and external stakeholders to leverage model results for strategic decision making.
• Present findings and proposals effectively to senior leadership.
• Evaluate capital adequacy reflecting the organization's risk profile and support internal, regulatory, and rating agency capital evaluation and stress testing.
• Perform optimization analysis of corporate reinsurance programs and recommend purchasing decisions based on underwriting and financial analytics.
• Advise senior leaders with clear reports and presentations on portfolio management using ECM applications and industry exposure modeling.
• Recommend strategies for portfolio optimization and strategic corporate analysis.
• Assess the impact of business strategies, including catastrophe management, on capital requirements and work with business and finance partners to optimize capital deployment.
• Maintain understanding of regulatory and rating agency capital adequacy measures and collaborate with finance to monitor and optimize external capital adequacy views.
• Support the corporate forecasting process to incorporate all known information into rigorous projections.
• Develop capabilities to measure and project capital adequacy.
• Develop and implement a capital allocation framework to evaluate underwriting performance on a risk-adjusted basis aligned with corporate targets.
• Collaborate with the Enterprise Risk Manager to develop underwriting, investment, operational, and emerging risk scenarios for strategic planning and Own Risk and Solvency Assessment (ORSA).
• Maintain model documentation and adhere to corporate model governance standards, including controls and audit support.
• Conduct analytical studies and stay current with industry developments to support robust parameterization and model enhancements.
• Perform ad hoc special analyses and reinsurance pricing as needed.

Requirements

Education

• Bachelor’s degree in actuarial science, risk management, finance, mathematics, statistics, or a related field.
• Advanced degrees in related fields are preferred.

Certifications

• Fellow or Associate of the Casualty Actuarial Society (FCAS/ACAS) designation or equivalent.
• Commitment to continuing education to maintain current risk management and modeling best practices.

Experience

• Minimum of 8 years of relevant experience in P&C economic capital modeling.
• Strong understanding of corporate forecasting, statutory and GAAP accounting, capital adequacy evaluation, property catastrophe modeling, and reinsurance pricing.
• Experience in risk quantification, financial modeling, and regulatory stress testing (e.g., ORSA, AM Best, NAIC).

Skills and Knowledge

• Strong technical, analytical, and communication skills, including effective presentation to diverse audiences.
• Ability to translate mathematical model outcomes into strategic advice.
• Fluency in multiple computer languages and ability to learn new applications as needed.
• Familiarity with MetaRisk or similar capital modeling software.

Working Conditions

• General office environment.
• Position is remote but may be located in the Cedar Rapids home office or regional offices if desired.

Compensation and Benefits

• Base salary range: $155,000 - $200,000 annually, determined by experience, education, certifications, skills, internal equity, geography, and market data.
• Annual incentive compensation.
• Medical, dental, vision, and life insurance.
• Accident, critical illness, and short-term disability insurance.
• Retirement plans with employer contributions.
• Generous time-off program.
• Programs supporting employee well-being and financial security.

This pay range disclosure complies with applicable state and local pay transparency laws.