Director of Capital and Risk Management Strategy- Insurance

$157,500 - $220,500/Yr

Porch - Seattle, WA

Full-time - Senior

Seattle, WA

Furniture, Home Furnishings, Electronics, and Appliance Retailers

About the position

The Director of Capital and Risk Management Strategy at Porch Group is responsible for creating and executing the capital and risk management strategy for the insurance organization. This role involves analyzing financial and operational risks, advising on capital structure, and ensuring that risk management practices align with the company's strategic goals. The position requires strong analytical skills, effective communication, and the ability to collaborate with cross-functional teams to optimize capital and manage risk effectively.

Responsibilities

• Monitor and analyze the organization's capital structure and provide recommendations to improve efficiency and financial stability.
• Evaluate and advise on capital requirements and funding strategies in alignment with business objectives.
• Analyze capital opportunities by creating HOA capital and risk evaluation model.
• Provide insights and recommendations on risk-adjusted returns.
• Update reinsurance components of monthly forecast.
• Participate in meetings with external reinsurance partners.
• Coordinate annually budgeting process and quarterly forecast with the Insurance Finance team.
• Ensure compliance with rating agencies and regulatory requirements.
• Identify, assess, and prioritize risks that could impact the organization's operations and financial performance.
• Enhance risk management frameworks, policies, and procedures to mitigate identified risks.
• Conduct regular risk assessments and stress tests to ensure resilience against potential adverse scenarios.

Requirements

• At least 10 years of experience with insurance capital management strategies and analysis.
• 15+ years' experience in Finance.
• Expert in capital modeling.
• Expert level understanding of complex reinsurance arrangements, and impact on surplus, RBC and risk management.
• Investment banking or capital markets experience preferred.
• Ability to work in a fast-paced environment.
• Significant interaction with SVP Finance, CFO, CEO expected in evaluating various capital/reinsurance opportunities.
• Experience in developing and executing capital and risk management strategies.
• P&C insurance experience preferred.

Nice-to-haves

• Proficiency in financial modeling and risk assessment tools.
• Strong excel and modeling skills.

Benefits

• 401(k)
• AD&D insurance
• Dental insurance
• Disability insurance
• Flexible spending account
• Gym membership
• Health insurance
• Paid parental leave
• Paid sick time
• Flexible paid vacation
• Company-paid holidays
• Identity theft program
• Travel assistance
• Fitness and other discounts programs