Lead Capital Actuary

Genesis Resources; Chicago (IL); On-site; USD 180,000 - 260,000; Full time

Job summary

Genesis Resources seeks a Lead Capital Actuary to own the US regulatory capital modeling (NAIC RBC) and to shape capital strategy, liquidity and allocation. You will work closely with the CEO, CRO and CFO on capital decisions and interact with regulators and rating agencies.

The role requires strong experience in capital modeling, underwriting impacts, reinsurance, investments and CAT exposure, plus a track record of building and managing capital models rather than just outputs.

Qualifications

• Ability to model the company's capital position now and forecast it under different scenarios.
• Understand how underwriting, reinsurance, investments, CAT exposure, dividends affect capital.
• Experience with building/managing capital models vs. consumed actuarial outputs.

Responsibilities

• Own US regulatory capital modeling (NAIC RBC) and capital strategy.
• Lead capital/dividend strategy, liquidity, allocation and portfolio optimization.
• Collaborate with CEO, CFO and CRO; interface with regulators and rating agencies; support ORSA and stress testing.

Skills

Capital modelling

Regulatory capital

Risk modelling

Scenario analysis

Senior stakeholder management

Forecasting capital

ERM coordination

Capital strategy

Job description

National insurance carrier is currently hiring a Lead Capital Actuary for their team. This role will be top modeling expert on the team. The actuary in this role will own the US regulatory capital modeling (particularly NAIC RBC) and will have strong rating agency capital experience. As a senior member of the team, this individual will work directly with the CEO, CRO and CFO for the organization and be responsible for Capital Strategy, Dividend Strategy, Liquidity, Capital Allocation, Capital efficiency, Portfolio optimization and Underwriting strategy. You will be heavily involved with Senior Management, Regulators and Rating Agencies and work closely with ERM on ORSA, Stress Testing, Scenario Analysis, Capital Adequacy and Risk Modeling. Part of the intrigue with this role is that you will have the opportunity to build out this function, not just operate it!

If you can answer the question: "Given our capital position, what business should we write, how much should we write, where should we deploy capital and what does that do to our RBC/BCAR position" - we need to talk!

Requirements

• Ability to model the company's capital position now and forecast it under different business scenarios
• Understand how underwriting, reinsurance, investments, CAT exposure, dividends, etc. affect capital
• Experience with building/managing capital models vs. consumed actuarial outputs

While this is a full in-office role, it can be located in most of the major cities across the U.S.