About the Job
This role will support our Enterprise Risk Management (ERM) team in implementing a robust economic capital framework, including model development, validation, and documentation. You will contribute to the ongoing efforts to enhance risk quantification and integration into business decision-making processes.
We are seeking a highly motivated and experienced individual to join our Enterprise Risk Management (ERM) team as a P&C Insurance Capital Modeler, Actuary, or Senior ERM Consultant. This role will play a critical part in developing, maintaining, and enhancing our economic capital model, supporting risk quantification, and integrating risk insights into strategic decision-making.
This is a remote opportunity.
Responsibilities
- Collaborate with actuarial, finance, and other risk teams to develop, maintain, and enhance the company’s P&C economic capital model.
- Conduct thorough model validation, back-testing, and stress testing of the capital model, ensuring its accuracy, reliability, and compliance with internal and external requirements.
- Prepare detailed documentation of model methodologies, assumptions, and results, adhering to internal standards and regulatory guidelines.
- Support the integration of the economic capital model into strategic planning, capital allocation, and risk-based decision-making processes.
- Perform ad-hoc quantitative analysis and research on emerging risks, capital management strategies, and regulatory developments to support senior management and various committees.
- Communicate complex actuarial and risk concepts effectively to both technical and non-technical stakeholders.
Qualifications
- Education: Bachelor’s degree in Actuarial Science, Mathematics, Statistics, Finance, or a related quantitative field. Advanced degree (Master’s or Ph.D.) preferred.
- Experience:
- 5+ years of experience in property and casualty actuarial science, risk management, or a related quantitative field within the insurance industry.
- Proven experience with economic capital modeling, ERM frameworks, or actuarial reserving/pricing methodologies.
- Strong programming skills in languages such as Python, R, SAS, or similar.
- Experience with financial modeling software (e.g., Igloo, ReMetrica) is a plus.
- Certifications:
- Associate (ACAS) or Fellow (FCAS) of the Casualty Actuarial Society (CAS), or other relevant professional designations (e.g., CFA, FRM) are highly preferred.
- Skills:
- Deep understanding of P&C insurance products, regulatory environment, and financial reporting.
- Excellent analytical, problem-solving, and communication skills.
- Ability to work independently and collaboratively in a fast-paced environment.
- Strong attention to detail and ability to manage multiple priorities.
