Capital Modeling Lead, P&C Insurance - Remote

501 CSAA Insurance Services, Inc.; Arizona; Ibrido; USD 170.000 - 210.000; Tempo pieno

Descrizione del lavoro

CSAA Insurance Group seeks a Capital Modeling Lead to develop the internal economic capital framework. You will work closely with ERM, Actuarial, FP&A, and Investments to expand capital analytics for strategic decisions.

The role requires deep experience in P&C economic capital modeling, MoMC simulations, and the ability to translate complex results for senior leadership. Remote-first, with Arizona-based flexibility.

Competenze

• Bachelor’s degree in a related field or equivalent experience.
• 10+ years in P&C insurance economic capital modeling or related quantitative modeling.
• Strong programming capability in Python, R, or similar.

Mansioni

• Develop internal economic capital modeling capabilities using ReMetrica as a base.
• Independently reproduce and enhance model calculations and methodologies.
• Design stochastic capital models integrating underwriting, reserve, catastrophe, investment, credit, and reinsurance risks.

Conoscenze

Python

R

Monte Carlo

VaR/TVaR

capital modeling

data analysis

communication to leaders

Git/version control

Formazione

Bachelor’s degree in a related field

Strumenti

ReMetrica

Git

Descrizione del lavoro

Capital Modeling Lead, P&C Insurance - Remote – Requisition Number R8028 – Location: Arizona – Home Teleworkers. Additional Locations: Alabama – Home Teleworkers, Alabama – Home Teleworkers, Arkansas – Home Teleworkers, California – Home Teleworkers, Colorado – Home Teleworkers, Connecticut – Home Teleworkers, Delaware – Home Teleworker, District of Columbia – Home Teleworkers, Florida – Home Teleworkers, Georgia – Home Teleworkers, Idaho – Home Teleworkers, Illinois – Home Teleworkers, Indiana – Home Teleworkers, Iowa – Home Teleworkers, Kansas – Home Teleworker, Kentucky – Home Teleworkers, Louisiana – Home Teleworkers, Maine Home Teleworkers, Maryland – Home Teleworkers, Massachusetts – Home Teleworkers, Michigan – Home Teleworkers, Minnesota – Home Teleworkers, Mississippi – Home Teleworker, Missouri – Home Teleworker, Montana – Home Teleworkers

CSAA Insurance Group (CSAA IG), a AAA insurer, is one of the leading personal lines property and casualty insurance groups in the United States. Here, every employee shapes our mission. We build innovative, human-centered solutions that help AAA members prevent, prepare for, and recover from life's uncertainties. You will join a collaborative, inclusive culture where your strengths have room to grow and your ideas can drive real impact. Step into a role where you can contribute to our shared success through meaningful work. We are actively hiring for a Capital Modeling Lead!

Your Role:

The Capital Modeling Lead will develop CSAA Insurance Group's internal economic capital modeling and analytics capabilities. The role will initially operate alongside CSAA's external capital modeling consultant, which will continue to produce the company's official annual economic capital model results. The Capital Modeling Lead will have access to CSAA's existing ReMetrica-based economic capital model and will be responsible for developing CSAA's independent internal modeling expertise. The successful candidate will be capable of understanding, challenging, modifying, and, where appropriate, independently building an economic capital model from the ground up. The role will partner with Enterprise Risk Management, Actuarial, Reinsurance, Investments, Product Management, catastrophe modeling, and FP&A to expand the use of capital analytics in business decisions. Over time, this role may become the technical lead for an internally operated economic capital model.

Your Work:

Economic Capital Modeling

• Develop deep technical understanding of CSAA's existing ReMetrica-based economic capital model.
• Independently reproduce, challenge, and enhance existing model calculations and methodologies.
• Design and build stochastic economic capital models integrating underwriting, reserve, catastrophe, investment, credit, reinsurance, and other material risks.
• Evaluate alternative approaches to VaR, TVaR, tail-risk measurement, diversification, and capital attribution.
• Analyze dependency structures and correlations across insurance risks, business lines, geographies, catastrophe perils, and investment risks.
• Perform sensitivity, scenario, stress, and parameter uncertainty analyses.
• Assess model stability and uncertainty in extreme-tail estimates.
• Develop approaches for marginal and incremental capital analysis.

Business Decision Support

• Partner with Reinsurance to evaluate capital relief, attachment points, limits, alternative structures, and cost of capital.
• Partner with Investments to evaluate the economic capital effects of asset allocation and investment risk decisions.
• Collaborate with Product Management, catastrophe modeling, and Actuarial teams to evaluate the capital implications of growth, geographic concentration, underwriting strategies, catastrophe exposure, and portfolio changes.
• Support FP&A and Enterprise Risk Management in forward-looking capital projections, stress testing, and strategic planning.
• Develop analyses that translate economic capital results into actionable business insights.
• Identify opportunities where improved capital information could materially enhance business decisions.

Capital Allocation and Profitability

• Develop and evaluate methodologies for allocating enterprise capital to products, states, risks, and other business segments.
• Evaluate marginal and diversified capital approaches relative to existing allocation methodologies.
• Support calculation and analysis of risk-adjusted profitability, capital intensity, and return on risk-adjusted capital.
• Analyze the relationship between capital allocation and target combined ratios.

Model Development and Controls

• Build reproducible and controlled modeling processes.
• Develop automated data validation, model testing, reconciliation, and change-control processes.
• Maintain clear documentation of methodology, assumptions, model architecture, limitations, and model changes.
• Establish version control and appropriate development/production model practices.
• Develop efficient processes for recurring scenario and sensitivity analyses.

Model Governance and Challenge

• Provide independent technical challenge of assumptions supplied by internal subject‑matter experts and external consultants.
• Collaborate with external capital modeling consultants on methodology development and model enhancements.
• Support independent model validation and remediation of identified findings.
• Support ORSA, rating agency, regulatory, and management discussions related to economic capital.
• Clearly distinguish experimental/internal analyses from official capital-model results.

Required Experience, Education and Skills:

• A Bachelor’s degree in a related field or equivalent combination of education and experience.
• 10+ years of related experience, including considerable experience in P&C insurance economic capital modeling, enterprise risk modeling, or closely related quantitative insurance modeling.
• Proven ability to design or build stochastic insurance models, rather than solely operate existing models.
• Strong understanding of Monte Carlo simulation, probability distributions, VaR and TVaR, dependency and correlation modeling, diversification, capital attribution, and parameter/model uncertainty.
• Solid understanding of P&C underwriting and reserve risk.
• Experience incorporating catastrophe-model output into economic capital or other stochastic insurance models.
• Understanding of reinsurance structures and their impact on loss distributions and capital.
• Working knowledge of investment market and credit risk within an insurer’s balance sheet.
• Strong programming capability in Python, R, or another quantitative language.
• Ability to work with large datasets and develop repeatable analytical processes.
• Ability to communicate sophisticated quantitative concepts to nontechnical business leaders.

What would make us excited about you?

• Experience with ReMetrica.
• FCAS, ACAS, CFA, FRM, graduate degrees, or other relevant quantitative credential; actuarial credentials are useful but not required.
• Experience with capital allocation, marginal capital, or RORAC.
• Experience with catastrophe vendor models such as Verisk/AIR, Moody's RMS, or Cotality/CoreLogic.
• Experience modeling reinsurance treaties.
• Familiarity with NAIC RBC, AM Best BCAR, ORSA, statutory accounting, and insurance regulatory capital.
• Experience with model validation or model-risk-management frameworks.
• Experience with Git/version control and production analytical-development practices.
• Experience supporting senior management, Board, rating agency, or regulatory discussions.
• Actively shapes our company culture (e.g., supporting employee resource groups, mentoring employees, volunteering, joining cross‑functional projects).
• Champions our cultural norms (e.g., willing to have cameras on when it matters: helping onboard new team members, building relationships, etc.).
• Demonstrates a company ownership mindset, thinking beyond boundaries of their own area.
• Travels as needed for role, including divisional / team meetings and other in‑person meetings.
• Fulfills business needs, which may include investing extra time, helping other teams, etc.

Why Choose a Career at CSAA IG?

At CSAA IG, we are a mission-driven organization proudly committed to empowering our members, our employees, and our communities to thrive.

Recognition: We offer a total compensation package, annual bonus eligibility for most roles, 401(k) with a company match, and so much more! Read more about what we offer and what it is like to be a part of our dynamic team at https://careers.csaainsurance.aaa.com/us/en/benefits.

Career Growth: We believe in growth for everyone. Here at CSAA IG, leaders and mentors partner with employees to align interests, unlock development opportunities, and support long‑term success.

Flexible Workplace: We embrace a remote‑first culture through our Flexible Workplace. Most employees hold Home‑Flex roles, working primarily from home, often with the flexibility to work from various locations including CSAA offices.

Inclusion and Belonging: An inclusive and welcoming workplace is the cornerstone of our success. By fostering an environment where people feel valued and heard, we deepen our ability to understand and meet the unique needs of our members. This strengthens innovation and enhances our products and services, giving us a competitive edge in the market.

Sustainability: As climate change leads to more frequent and severe weather events, we are taking bold action to build more resilient communities and reduce our environmental impact.

CSAA is committed to providing reasonable accommodations to qualified applicants and employees with disabilities or other limitations.

CSAA Insurance Group is an equal opportunity employer.

#LI-JH1 . The national average salary range for this position is $177,525.00-$197,250.00. However, we have a location-based compensation structure. Our salary ranges vary and are calculated based on work location. The starting pay range for this position across all the states we hire in is $177,525.00-$236,650.00. This role also includes an opportunity for a company-wide annual discretionary bonus, through our Annual Incentive Plan (AIP), of up to 15% of eligible pay.

Colorado Specific Job Range :$177,525.00 - $216,950.00

This job posting will be unposted on Sat, 24 Oct 2026.

About CSAA Insurance Group CSAA Insurance Group offers automobile, home and other personal lines of insurance to AAA Members in 23 states and the District of Columbia. Founded in 1914, the company has been rated "A" or better by AM Best for more than 90 years and, with over $8 billion in revenue, is one of the top personal lines property casualty insurance groups in the United States. Guided by care for people and communities, we cultivate an inclusive and flexible culture that strengthens connection, supports belonging, and empowers employees to make a meaningful difference for those we serve Our Enduring Purpose We help our members and communities prevent, prepare for and recover from life's uncertainties with care and compassion. As a member‑owned insurance company, our enduring purpose inspires us to be a voice for industry change, continually delivering AAA members peace of mind, providing employees the chance to do work that makes a real difference.

For more information on CSAA, please visit www.csaa-insurance.aaa.com

Careers at CSAA Insurance Group A career at CSAA is built one development opportunity at a time, driven by your interests and by leaders who invest in you. Through mentoring, leadership programs, tuition support and hands‑on experiences, you can build a purpose‑driven path with meaningful impact. We prioritize human connection for the AAA members and commercial partners we serve and the employees who bring our shared mission to life. We build a culture of inclusion and belonging that supports community for all. We prioritize people over places, creating a flexible workplace where 95% of employees work remotely and gather in‑person for moments that matter. We take responsibility for the world around us by serving our communities and supporting meaningful action to build a sustainable future.

For more information on life at CSAA, please visit https://careers.csaa-insurance.aaa.com/us/en/