Lead Capital Actuary

Argonaut Management Services, Inc; City of Albany (NY); On-site; USD 151,000 - 198,000; Full time

Job summary

Clearbrook Holdings Inc. seeks a Lead Capital Actuary to drive regulatory and rating agency capital models and support capital management strategy. Offices in Albany/Chicago/NYC; on-site role with collaboration across finance, actuarial, risk, and senior management.

The role requires a qualified actuary with 8+ years’ experience in capital modelling, governance, and communication. Competitive compensation and comprehensive benefits offered.

Qualifications

• Bachelor's degree in Mathematics, Actuarial, Finance or Science.
• Qualified actuary.
• 8+ years of experience.
• Experience in capital function: modelling, analysis, and communicating results.
• Knowledge of factor-based models, especially US RBC and BCAR.
• Strong interpersonal and stakeholder management skills.
• High degree of numeracy and data analysis.
• Ability to mentor and develop others.
• Excellent communication and project management skills.

Responsibilities

• Develop and refine the capital, liquidity, and dividend strategy, working with CRO, CFO, and the CEO.
• Build out a real-time view of capital position and a forecasted view aligned with business plans.
• Design and implement a framework to maximize capital efficiency and fungibility across the organization.
• Embed capital metrics and modelling into strategic management decision-making.
• Own the operation and delivery of the function's objectives.
• Develop a model to support portfolio optimization and underwriting strategy.
• Provide timely capital metrics to senior management, regulatory bodies and rating agencies.
• Improve model governance including documentation and processes.
• Lead the production of a capital dashboard on a quarterly basis.
• Work with CRO and ERM to support risk management activities (ORSA).
• Manage end-to-end projects and shape developing initiatives.
• Influence and communicate effectively across functions.
• Contribute to capital strategy development.

Skills

Actuarial

Leadership

Stakeholder management

Numerical analysis

Communication skills

Project management

Mentoring

Analytical reasoning

Resourcefulness

Cross-functional collaboration

Education

Bachelor's degree in Mathematics/Actuarial/Finance/Science

Qualified actuary

Job description

Company

Shared Services

Argo and Farm Family are specialty property and casualty insurance brands whose underwriting companies are wholly-owned subsidaries of Clearbrook Holdings Inc. Argo and Farm Family partner with agents and brokers to provide insurance solutions that enable businesses to manage risks with confidence.

Job Description

Summary:

The main purpose of the Lead Capital Actuary is to lead the regulatory and rating agency capital models for Clearbrook and support the CRO with all aspects related to capital management strategy. Active collaboration, and regular communication with key stakeholders and business partners across finance, actuarial, ceded, risk management and other functions is an important part of this role. We are looking for a candidate to work from our Omaha, NE office.

Alternatively, we are open to filling this role in our Albany, NY, New York, NY, or Chicago, IL office as well.

This is a 100% in-office position. Candidates must be able to work on-site at a designated company office during standard business hours.

Essential Responsibilities:

• Develop and refine the capital, liquidity, and dividend strategy, working with CRO, CFO, and the CEO
• Build out a real-time view of capital position and a forecasted view aligned with business plans
• Design and implement a framework to maximize capital efficiency and fungibility across the organization
• Embed capital metrics and modelling into strategic management decision-making
• Own the operation and delivery of the function's objectives
• Further establish and develop a model to support portfolio optimization and underwriting strategy
• Provide timely and accurate capital metrics to senior management, regulatory bodies and rating agencies
• Improve model governance including documentation and processes
• Lead the production of a capital dashboard on a quarterly basis that provides a clear view of the solvency position of the group across regulatory and rating agency models
• Work closely with CRO and ERM function to support risk management activities, including designing, building and operating stress and scenario modelling tools to assist with the ORSA
• Management of end-to-end projects
• Ability to build processes and help shape developing projects
• Ability to influence and communicate effectively
• Integral part of the current design and future development of capital strategy

Qualifications / Experience Required:

• Bachelor's degree from an accredited college or university, preferably in Mathematics, Actuarial, Finance or Science
• Qualified actuary
• 8+ years of experience required
• Experience in leading or working on all areas of a capital function including modelling, analysis, and communicating results
• Knowledge of factor-based models, especially US RBC and BCAR
• Strong interpersonal and stakeholder management skills
• High degree of numeracy - ability to analyse data and make sound expert judgements
• Ability to work with limited resources to reach successful outcomes
• Excellent analytical and abstract reasoning skills and strong organizational skills
• Project management and planning skills
• Ability to mentor and develop others
• Excellent communication skills
• Ability to articulate position and obtain buy-in from different functions

Preferred Qualifications/Experience:

• Understanding of different accounting standards - US GAAP, US STAT, Economic, etc
• Exposure to NAIC Own Risk & Solvency Assessment (ORSA) regulations and practices
• Knowledge of CAT models and asset models

The base salary range provided below is for hires in those geographic areas only and will be commensurate with candidate experience. Pay ranges for candidates in other locations may differ based on the cost of labor in that location. In addition to base salary, this position is eligible for an annual bonus based on company and individual performance as well as a generous benefits package.

• Albany and Chicago Pay Range: $151,000 - $181,000
• New York City Pay Range: $165,000- $198,000

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PLEASE NOTE:

Applicants must be legally authorized to work in the United States. At this time, we are not able to sponsor or assume sponsorship of employment visas.

If you have a disability under the Americans with Disabilities Act or similar state or local law and you wish to discuss potential reasonable accommodations related to applying for employment with us, please contact our Benefits Department at 210-321-8400.

Benefits and Compensation

We offer a competitive compensation package, performance-based incentives, and a comprehensive benefits program-including health, dental, vision, 401(k) with company match, paid time off, and professional development opportunities.

Core Values

At Clearbrook our Core Values are Integrity, Collaboration, Pursuit of Excellence and Forward Thinking. These values reflect who we are today and who we apsire to be - guiding how we work, how we lead and how we succeed.