Director – Corporate Risk Analysis

Job not on LinkedIn

🕒 March 27

🌾 Iowa – Remote

🌾 Iowa – Remote

💵 $155k - $200k / year

⏰ Full Time

🔴 Lead

🎲 Risk

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UFG Insurance

WebsiteLinkedInAll Job Openings

501 - 1000 employees

Founded 1946

💸 Finance

🤝 B2B

Finance • B2B

UFG Insurance is a property and casualty insurance company that provides commercial insurance products and services, including inland marine, commercial property, commercial liability, workers' compensation, surety, excess & surplus, reinsurance and businessowners policies. It focuses on serving businesses—manufacturing, construction, real estate, architects and engineers, heavy equipment dealers and other small to mid-sized enterprises—through agents and brokers, emphasizing claims service, risk control consulting, premium audit and in-house service capabilities.

📋 Description

• Develop, manage, and maintain the corporate economic capital model (ECM). • Work with internal and external parties leveraging model results to assist with strategic decision making for UFG. • Effectively present findings and proposals to senior leadership. • Evaluate capital adequacy based on a realistic representation of UFG’s existing and proposed risk profile and support internal, regulatory and rating agency capital evaluation and stress testing. • Perform optimization analysis of corporate reinsurance programs and recommend purchasing decisions supported by underwriting and financial analytics. • Advise senior leaders with clear and insightful reports and presentations on portfolio management efforts through ECM applications and modeling of industry exposures. • Recommend strategies for portfolio optimization and strategic corporate analysis. • Evaluate impact of business strategies, including catastrophe management, on overall capital requirements and engage with business and finance partners to optimize capital deployment. • Maintain a thorough understanding of regulatory and rating agency capital adequacy measures and engage with finance to monitor and optimize the external view of capital adequacy. • Support the corporate forecasting process to ensure all known information is incorporated into a rigorous projection. • Develop the company’s capabilities to measure and project capital adequacy. • Develop and implement a capital allocation framework to appraise underwriting performance on a risk-adjusted basis and produce required underwriting returns aligned with corporate targets. • In collaboration with the Enterprise Risk Manager, develop underwriting, investment, operational, and emerging risk scenarios for use in strategic planning and the Own Risk and Solvency Assessment (ORSA). • Maintain model documentation and adhere to corporate model governance standards including responsibility for maintaining proper controls and audit support. • Perform analytical studies and maintain familiarity with current industry/trade developments to support robust parameterization and enhanced model designs. • May perform ad hoc special analyses and reinsurance pricing as needed.

🎯 Requirements

• Bachelor’s degree in actuarial science, risk management, finance, mathematics, statistics, or related field • Fellow or Associate of the Casualty Actuarial Society (FCAS/ACAS) designation or related field equivalent • 8+ years relevant experience in P&C economic capital modeling • Strong understanding of corporate forecasting, statutory and GAAP accounting, capital adequacy evaluation, property catastrophe modeling, reinsurance pricing • Experience in risk quantification, financial modeling and regulatory stress testing (e.g., ORSA, AM Best, NAIC) • Strong technical, analytical and communication skills including effective presentation to a broad audience • Fluency in multiple computer languages and ability to learn new applications as needed. • Familiarity with MetaRisk or similar capital modeling software.

🏖️ Benefits

• Annual incentive compensation • Medical, dental, vision & life insurance • Accident, critical illness & short-term disability insurance • Retirement plans with employer contributions • Generous time-off program • Programs designed to support employee well-being and financial security.