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About the Role

The Lead Capital Actuary will lead the regulatory and rating agency capital models for Clearbrook and support the CRO with capital management strategy. This role requires active collaboration and communication with key stakeholders across finance, actuarial, ceded, risk management, and other functions.

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

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 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
• 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
• 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

Skills

• Capital management strategy
• Stakeholder management
• Finance
• Actuarial
• Risk management
• Capital modelling
• Liquidity strategy
• Dividend strategy
• Real-time capital position
• Forecasted capital position
• Capital efficiency
• Capital fungibility
• Strategic management decision-making
• Portfolio optimization
• Underwriting strategy
• Capital metrics
• Model governance
• Documentation
• Processes
• Capital dashboard
• Solvency position
• Regulatory models
• Rating agency models
• Risk management activities
• Stress modelling
• Scenario modelling
• ORSA
• Project management
• Process building
• Influencing
• Communication
• Interpersonal skills
• Numeracy
• Data analysis
• Expert judgement
• Analytical reasoning
• Abstract reasoning
• Organizational skills
• Planning
• Mentoring
• Developing others
• Articulating position
• Obtaining buy-in
• US GAAP
• US STAT
• Economic accounting standards
• NAIC ORSA regulations
• CAT models
• Asset models

Location

• Omaha, NE
• Albany, NY
• New York, NY
• Chicago, IL

Work Type

• 100% in-office
• On-site

Experience Level

• 8+ years of experience

Education Level

• Bachelor’s degree
• Qualified actuary

Salary/Compensations

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

Benefits

• Annual bonus based on company and individual performance
• Health insurance
• Dental insurance
• Vision insurance
• 401(k) with company match
• Paid time off
• Professional development opportunities

About the Company

• 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.
• Clearbrook's Core Values are Integrity, Collaboration, Pursuit of Excellence and Forward Thinking.

Equal Opportunity

• 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.