UFG Insurance

Director – Corporate Risk Analysis

UFG Insurance

full-time

Posted on:

Location Type: Remote

Location: Iowa • United States

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Salary

💰 $155,000 - $200,000 per year

Job Level

Lead

About the role

  • Develop, manage, and maintain the corporate economic capital model (ECM).
  • Work with internal and external parties leveraging model results to assist with strategic decision making for UFG.
  • Effectively present findings and proposals to senior leadership.
  • Evaluate capital adequacy based on a realistic representation of UFG’s existing and proposed 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 supported by underwriting and financial analytics.
  • Advise senior leaders with clear and insightful reports and presentations on portfolio management efforts through ECM applications and modeling of industry exposures.
  • Recommend strategies for portfolio optimization and strategic corporate analysis.
  • Evaluate impact of business strategies, including catastrophe management, on overall capital requirements and engage with business and finance partners to optimize capital deployment.
  • Maintain a thorough understanding of regulatory and rating agency capital adequacy measures and engage with finance to monitor and optimize the external view of capital adequacy.
  • Support the corporate forecasting process to ensure all known information is incorporated into a rigorous projection.
  • Develop the company’s capabilities to measure and project capital adequacy.
  • Develop and implement a capital allocation framework to appraise underwriting performance on a risk-adjusted basis and produce required underwriting returns aligned with corporate targets.
  • In collaboration with the Enterprise Risk Manager, develop underwriting, investment, operational, and emerging risk scenarios for use in strategic planning and the Own Risk and Solvency Assessment (ORSA).
  • Maintain model documentation and adhere to corporate model governance standards including responsibility for maintaining proper controls and audit support
  • Perform analytical studies and maintain familiarity with current industry/trade developments to support robust parameterization and enhanced model designs.
  • May perform ad hoc special analyses and reinsurance pricing as needed.

Requirements

  • Bachelor’s degree in actuarial science, risk management, finance, mathematics, statistics, or related field.
  • 8+ years relevant experience in P&C economic capital modeling
  • Strong understanding of corporate forecasting, statutory and GAAP accounting, capital adequacy evaluation, property catastrophe modeling, reinsurance pricing
  • Experience in risk quantification, financial modeling and regulatory stress testing (e.g., ORSA, AM Best, NAIC).
  • Strong technical, analytical and communication skills including effective presentation to a broad audience
  • Fluency in multiple computer languages and ability to learn new applications as needed.
  • Familiarity with MetaRisk or similar capital modeling software.
Benefits
  • Annual incentive compensation
  • Medical, dental, vision & life insurance
  • Accident, critical Illness & short-term disability insurance
  • Retirement plans with employer contributions
  • Generous time-off program
  • Programs designed to support employee well-being and financial security.
Applicant Tracking System Keywords

Tip: use these terms in your resume and cover letter to boost ATS matches.

Hard Skills & Tools
economic capital modelingcapital adequacy evaluationfinancial modelingrisk quantificationregulatory stress testingproperty catastrophe modelingreinsurance pricingcorporate forecastinganalytical studiescapital allocation framework
Soft Skills
analytical skillscommunication skillspresentation skillsstrategic decision makingportfolio managementinsightful reportingcollaborationproblem-solvingorganizational skillsleadership
Certifications
Bachelor’s degree in actuarial scienceBachelor’s degree in risk managementBachelor’s degree in financeBachelor’s degree in mathematicsBachelor’s degree in statisticsFellow of the Society of Actuaries (FSA)Chartered Enterprise Risk Analyst (CERA)Certified Risk Manager (CRM)Financial Risk Manager (FRM)Professional Risk Manager (PRM)