Capital Modeling Lead, P&C Insurance

Job Description:

• Develop CSAA Insurance Group's internal economic capital modeling and analytics capabilities
• Understand, reproduce, challenge, modify, and independently build economic capital models using the existing ReMetrica-based model
• Design and build stochastic models integrating underwriting, reserve, catastrophe, investment, credit, reinsurance, and other material risks
• Evaluate VaR, TVaR, tail-risk measurement, diversification, capital attribution, dependency structures, and correlations
• Perform sensitivity, scenario, stress, and parameter uncertainty analyses
• Develop marginal, incremental, diversified, and enterprise capital allocation methodologies
• Partner with Reinsurance, Investments, Product Management, catastrophe modeling, Actuarial, FP&A, and Enterprise Risk Management teams
• Evaluate capital relief, reinsurance structures, asset allocation, growth, geographic concentration, underwriting strategies, catastrophe exposure, and portfolio changes
• Support capital projections, stress testing, strategic planning, risk-adjusted profitability, and return on risk-adjusted capital analysis
• Build reproducible and controlled modeling processes with automated validation, testing, reconciliation, version control, and change control
• Document methodology, assumptions, architecture, limitations, and model changes
• Provide independent technical challenge and support model validation, ORSA, rating agency, regulatory, and management discussions
• Clearly distinguish experimental/internal analyses from official capital-model results

Requirements:

• 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
• 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
• Applicants must have authorization to work indefinitely in the US; CSAA does not provide visa sponsorship
• Must be willing to travel as needed for divisional/team meetings and other in-person meetings

Benefits:

• Annual bonus eligibility through the Annual Incentive Plan (AIP), up to 15% of eligible pay
• 401(k) with a company match
• Career growth, mentoring, and development opportunities
• Remote-first Flexible Workplace and Home-Flex work arrangements
• Flexibility to work from various locations, including CSAA offices
• Employee resource groups, mentoring, volunteering, and cross-functional projects
• Reasonable accommodations for qualified applicants and employees with disabilities