Senior Economic Capital Modeling Lead — P&C (Remote)

CSAA; Pennsylvania; Remote; USD 178,000 - 237,000; Full time

Job summary

CSAA Insurance Group is seeking a Capital Modeling Lead to develop its internal economic capital modeling capabilities. You will collaborate with ERM, Actuarial, Reinsurance, Investments, and FP&A to expand capital analytics across the business and potentially lead the internal model in the future.

The role requires 10+ years in P&C capital modeling, strong programming skills in Python/R, and proven ability to design stochastic models that integrate underwriting, catastrophe, and investment

Qualifications

• Bachelor's degree in a related field or equivalent combination of education and experience.
• 10+ years of related 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 communicate sophisticated quantitative concepts to nontechnical business leaders.

Responsibilities

• 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.
• Partner with Reinsurance, Investments, Product Management, catastrophe modeling, and Actuarial teams to evaluate capital implications of growth and portfolio changes.
• Support FP&A and ERM in forward-looking capital projections, stress testing, and strategic planning.
• Develop analyses translating capital results into actionable business insights.
• Identify opportunities where improved capital information could materially enhance business decisions.

Skills

Monte Carlo

VaR

TVaR

Dependency modeling

Capital attribution

Stochastic modeling

Python

R

Communicating complex concepts

Large datasets

Education

Bachelor's degree

Tools

ReMetrica

Python

R

Job description

CSAA Insurance Group is seeking a Capital Modeling Lead to develop its internal economic capital modeling capabilities. You will collaborate with ERM, Actuarial, Reinsurance, Investments, and FP&A to expand capital analytics across the business and potentially lead the internal model in the future.

The role requires 10+ years in P&C capital modeling, strong programming skills in Python/R, and proven ability to design stochastic models that integrate underwriting, catastrophe, and investment