Lead Capital Actuary
Argo and Farm Family are specialty property and casualty insurance brands whose underwriting companies are wholly-owned subsidiaries of Clearbrook Holdings Inc. We partner with agents and brokers to provide insurance solutions that enable businesses to manage risks with confidence.
About the role
The Lead Capital Actuary will lead the regulatory and rating agency capital models for Clearbrook and support the CRO with all aspects related to capital management strategy. This role involves active collaboration and regular communication with key stakeholders across finance, actuarial, ceded, risk management, and other functions.
This is a 100% in-office position located in Omaha, NE. Alternatively, we are open to filling this role in Albany, NY, New York, NY, or Chicago, IL. Candidates must be able to work on-site at a designated company office during standard business hours.
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 modeling 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 modeling tools to assist with the ORSA
- Manage end-to-end projects
- Build processes and help shape developing projects
- Influence and communicate effectively
- Serve as an integral part of the current design and future development of capital strategy
Requirements
- 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 modeling, 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 analyze data and make sound expert judgments
- 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
- 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
Pay
The base salary range is commensurate with candidate experience and varies by location:
- Albany and Chicago: $151,000 - $181,000
- New York City: $165,000 - $198,000
In addition to base salary, this position is eligible for an annual bonus based on company and individual performance.
Benefits
- Competitive compensation package
- Performance-based incentives
- Comprehensive benefits program including health, dental, vision, and 401(k) with company match
- Paid time off
- Professional development opportunities
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.