Director, Insurance Credit Risk & Portfolio Strategy

Federal Home Loan Bank of San Francisco; United States; Remote; USD 158,000 - 184,000; Full time

Benefits offered by this job

Remote work within the U.S.

Competitive benefits package

Retirement plan with company match

Paid time off and wellness programs

Job summary

Federal Home Loan Bank of San Francisco is seeking a senior Director, Insurance Credit Risk to underwrite and monitor a portfolio of life, health, and property/casualty insurers. The role requires expert analysis of statutory and GAAP financials, regulatory filings, reserves, liquidity, and reinsurance, plus clear credit recommendations.

You’ll present to senior leaders and credit committees, advise partners, and act as a technical resource on underwriting, capital adequacy, and risk governance.

Qualifications

• Bachelor’s degree in finance, accounting, economics, business administration, or related field, or equivalent experience.
• At least 10 years of progressively responsible experience in credit analysis, underwriting, financial analysis, insurance company analysis, or risk management.
• Substantial experience assessing insurance company creditworthiness, including statutory and GAAP filings and reinsurance.
• Strong knowledge of insurance regulation, accounting rules, and credit rating methodologies.
• Experience presenting complex credit recommendations to senior authorities.

Responsibilities

• Evaluate insurance company creditworthiness by analyzing financial statements, reserves, liquidity, and reinsurance.
• Assess investment portfolio risk including asset quality, concentration, and market exposure.
• Develop clear credit memoranda with rationale and recommended credit structure.
• Monitor assigned portfolio and identify material changes in risk profiles.
• Translate industry developments into risk insights and duty to communicate to governance bodies.
• Present conclusions to senior management and governance committees and maintain documentation.
• Advise internal partners on insurance credit risk, underwriting methodologies, and capital adequacy.

Skills

Credit risk analysis

Financial analysis

Analytical writing

Independent judgment

Excel proficiency

Education

Bachelor's degree in finance or related field

Tools

Excel

Credit risk platforms

Market data tools

Job description

Federal Home Loan Bank of San Francisco is seeking a senior Director, Insurance Credit Risk to underwrite and monitor a portfolio of life, health, and property/casualty insurers. The role requires expert analysis of statutory and GAAP financials, regulatory filings, reserves, liquidity, and reinsurance, plus clear credit recommendations.

You’ll present to senior leaders and credit committees, advise partners, and act as a technical resource on underwriting, capital adequacy, and risk governance.