Director of Capital Modeling
- Manages development efforts for capital risk modeling and presents to stakeholders, including senior leadership, board members and external partners, on an as needed basis.
- Serves as subject matter expert in the areas of risk quantification and modeling while working closely with internal and external stakeholders.
- Ensures compliance with risk modeling procedures and policies.
- Develops and presents technical models and documentation as needed to ensure proper understanding of data and analysis.
- Analyzes variances in insurance models, pricing, performance, and working capital models, making suggestions for improvement. Surplus at risk analysis and other actuarial type models.
- Implements, maintains, and refines a functional capital model to manage CAT risk. Seeks corporate support for proposed CAT allocations and develop a plan to measure corporate and division risk tolerance using this model.
- Leverages capital modeling software, other tools, and external partnerships to develop a model to measure property exposure for catastrophe perils and relative return periods by building out Occurrence Exceedance Probability (OEP) curves for each of the business units.
- Proposes the appropriate portion of surplus to be allocated to business units based on capital risk models.
- Measures and reports the portfolio against risk tolerance statements. If portfolio risk is outside of risk tolerance parameters, makes recommendations for compliance.
- Designs modeling methods and measurements in a way that can be leveraged corporately.
Qualifications:
- Bachelor's degree from an accredited college or university required, preferably in actuarial science, mathematics, economics, or related fields.
- 7 + years of property-casualty insurance experience, with focus on valuation, modeling or capital management preferred.
- Fellowship in the Casualty Actuarial Society (FCAS)or Associateship in the Casualty Actuarial Society (ACAS)
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