Remote Director of Capital and Risk Management Strategy

Summary

Join Porch Group as a Director of Capital and Risk Management Strategy- Insurance, responsible for creating and executing HOA's capital and risk management strategy. Develop and implement strategies to optimize capital and manage risk across the insurance organization.

Requirements

• At least 10 years of experience with insurance capital management strategies and analysis
• 15+ years' experience in Finance
• Includes understanding the impact of various reinsurance and other capital strategies to maximize growth
• Strong analytical, problem-solving, and communication skills

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
• Includes understanding the impact of various reinsurance and other capital strategies to maximize growth
• Analyze capital opportunities by creating HOA capital and risk evaluation model
• Perform analysis to increase capital efficiency at HOA. Provide insights and recommendations on risk-adjusted returns
• Update reinsurance components of monthly forecast
• Participate in meetings with external reinsurance partners
• Work with the other parts of the Insurance Finance team to coordinate annually budgeting process and quarterly forecast
• Support Balance Sheet forecasting with support of rest of the Insurance Finance team
• Understand unit economics and integration of Porch insurance into the Porch platform
• Ensuring compliance with rating agencies and regulatory, including surplus, risk retention levels, net combined ratio, and RBC
• 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
• Ensure compliance with relevant financial regulations, industry standards, and internal policies
• Stay informed about changes in regulatory requirements and market conditions that could affect capital and risk management

Benefits

• Traditional healthcare benefits include three (3) Medical plan options, two (2) Dental plan options, and a Vision plan from which to choose
• Critical Illness, Hospital Indemnity and Accident plans are offered on a voluntary basis
• Pre-tax savings options including a partially employer funded Health Savings Account and employee Flexible Savings Accounts including healthcare, dependent care, and transportation savings options
• Company paid Basic Life and AD&D, Short and Long-Term Disability benefits. We also offer Voluntary Life and AD&D plans
• Traditional and Roth 401(k) plans are available with a discretionary employer match
• Headspace is part of our employer paid wellbeing program and provides employees and their families access to on demand guided meditation and mindfulness exercises, mental health coaching, clinical care and online access to confidential resources including will preparation
• Brio Health is another employer paid wellbeing tool that offers quarterly wellness challenges and prizes
• LifeBalance is a free resource to employees and their families for year-round discounts on things like gym memberships, travel, appliances, movies, pet insurance and more
• Flexible paid vacation, company-paid holidays of typically nine per year, paid sick time, paid parental leave, identity theft program, travel assistance, and fitness and other discounts programs