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About the Role

Develop CSAA Insurance Group's internal economic capital modeling and analytics capabilities. The role will initially operate alongside CSAA's external capital modeling consultant, which will continue to produce the company's official annual economic capital model results. The Capital Modeling Lead will have access to CSAA's existing ReMetrica-based economic capital model and will be responsible for developing CSAA's independent internal modeling expertise. The successful candidate will be capable of understanding, challenging, modifying, and, where appropriate, independently building an economic capital model from the ground up. The role will partner with Enterprise Risk Management, Actuarial, Reinsurance, Investments, Product Management, catastrophe modeling, and FP&A to expand the use of capital analytics in business decisions. Over time, this role may become the technical lead for an internally operated economic capital model.

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 to evaluate capital relief, attachment points, limits, alternative structures, and cost of capital.
Partner with Investments to evaluate the economic capital effects of asset allocation and investment risk decisions.
Collaborate with Product Management, catastrophe modeling, and Actuarial teams to evaluate the capital implications of growth, geographic concentration, underwriting strategies, catastrophe exposure, and portfolio changes.
Support FP&A and Enterprise Risk Management in forward-looking capital projections, stress testing, and strategic planning.
Develop analyses that translate economic capital results into actionable business insights.
Identify opportunities where improved capital information could materially enhance business decisions.
Develop and evaluate methodologies for allocating enterprise capital to products, states, risks, and other business segments.
Evaluate marginal and diversified capital approaches relative to existing allocation methodologies.
Support calculation and analysis of risk-adjusted profitability, capital intensity, and return on risk-adjusted capital.
Analyze the relationship between capital allocation and target combined ratios.
Build reproducible and controlled modeling processes.
Develop automated data validation, model testing, reconciliation, and change-control processes.
Maintain clear documentation of methodology, assumptions, model architecture, limitations, and model changes.
Establish version control and appropriate development/production model practices.
Develop efficient processes for recurring scenario and sensitivity analyses.
Provide independent technical challenge of assumptions supplied by internal subject-matter experts and external consultants.
Collaborate with external capital modeling consultants on methodology development and model enhancements.
Support independent model validation and remediation of identified findings.
Support ORSA, rating agency, regulatory, and management discussions related to economic capital.
Clearly distinguish experimental/internal analyses from official capital-model results.

Requirements

A Bachelor’s degree in a related field or equivalent combination of education and experience.
10+ years of related experience, including considerable 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 work with large datasets and develop repeatable analytical processes.
Ability to communicate sophisticated quantitative concepts to nontechnical business leaders.
Experience with ReMetrica.
Experience with capital allocation, marginal capital, or RORAC.
Experience with catastrophe vendor models such as Verisk/AIR, Moody's RMS, or Cotality/CoreLogic.
Experience modeling reinsurance treaties.
Familiarity with NAIC RBC, AM Best BCAR, ORSA, statutory accounting, and insurance regulatory capital.
Experience with model validation or model-risk-management frameworks.
Experience with Git/version control and production analytical-development practices.
Experience supporting senior management, Board, rating agency, or regulatory discussions.
Actively shapes our company culture (e.g., supporting employee resource groups, mentoring employees, volunteering, joining cross-functional projects).
Champions our cultural norms (e.g., willing to have cameras on when it matters: helping onboard new team members, building relationships, etc.).
Demonstrates a company ownership mindset, thinking beyond boundaries of their own area.
Travels as needed for role, including divisional / team meetings and other in-person meetings.
Fulfills business needs, which may include investing extra time, helping other teams, etc.
Applicants must have authorization to work indefinitely in the US. Please do not apply for this role if at any time (now or in the future) you will need immigration support (i.e., H-1B, TN, STEM OPT Training Plans, etc.).

Skills

Python
R
Monte Carlo simulation
Probability distributions
VaR
TVaR
Dependency modeling
Correlation modeling
Capital attribution
Parameter uncertainty
Model uncertainty
P&C underwriting
Reserve risk
Reinsurance structures
Investment market risk
Credit risk
ReMetrica
Capital allocation
Marginal capital
RORAC
Verisk/AIR
Moody's RMS
Cotality/CoreLogic
NAIC RBC
AM Best BCAR
ORSA
Statutory accounting
Insurance regulatory capital
Model validation
Model-risk-management frameworks
Git
Version control

Location

Arizona - Home Teleworkers
Alabama - Home Teleworkers
Arkansas - Home Teleworkers
California - Home Teleworkers
Colorado - Home Teleworkers
Connecticut - Home Teleworkers
Delaware - Home Teleworker
District of Columbia - Home Teleworkers
Florida - Home Teleworkers
Georgia - Home Teleworkers
Idaho - Home Teleworkers
Illinois - Home Teleworkers
Indiana - Home Teleworkers
Iowa - Home Teleworkers
Kansas - Home Teleworker
Kentucky - Home Teleworkers
Louisiana - Home Teleworkers
Maine Home Teleworkers
Maryland - Home Teleworkers
Massachusetts - Home Teleworkers
Michigan - Home Teleworkers
Minnesota - Home Teleworkers
Mississippi - Home Teleworker
Missouri - Home Teleworker
Montana - Home Teleworkers
Remote

Work Type

Remote

Experience Level

10+ years of related experience

Education Level

Bachelor’s degree in a related field or equivalent combination of education and experience.

Salary/Compensations

The national average salary range for this position is $177,525.00-$197,250.00. However, we have a location-based compensation structure. Our salary ranges vary and are calculated based on work location. The starting pay range for this position across all the states we hire in is $177,525.00-$236,650.00. This role also includes an opportunity for a company-wide annual discretionary bonus, through our Annual Incentive Plan (AIP), of up to 15% of eligible pay.Colorado Specific Job Range :$177,525.00 - $216,950.00

Benefits

Total compensation package
Annual bonus eligibility for most roles
401(k) with a company match

About the Company

CSAA Insurance Group (CSAA IG), a AAA insurer, is one of the leading personal lines property and casualty insurance groups in the United States.
Here, every employee shapes our mission.
We build innovative, human-centered solutions that help AAA members prevent, prepare for, and recover from life's uncertainties.
You will join a collaborative, inclusive culture where your strengths have room to grow and your ideas can drive real impact.
Step into a role where you can contribute to our shared success through meaningful work.
At CSAA IG, we are a mission-driven organization proudly committed to empowering our members, our employees, and our communities to thrive.
We believe in growth for everyone. Here at CSAA IG, leaders and mentors partner with employees to align interests, unlock development opportunities, and support long‑term success.
We embrace a remote-first culture through our Flexible Workplace.
Our flexible workplace empowers you to balance remote work with intentional in‑person moments that deepen connection and collaboration.
An inclusive and welcoming workplace is the cornerstone of our success.
By fostering an environment where people feel valued and heard, we deepen our ability to understand and meet the unique needs of our members.
This strengthens innovation and enhances our products and services, giving us a competitive edge in the market.
As climate change leads to more frequent and severe weather events, we are taking bold action to build more resilient communities and reduce our environmental impact.

Equal Opportunity

CSAA Insurance Group is an equal opportunity employer.
CSAA is committed to providing reasonable accommodations to qualified applicants and employees with disabilities or other limitations. If you would like to request an accommodation to participate in the job application or interview process, please contact TalentAcquistion@csaa.com