Porch Group · 3 days ago
Director of Capital and Risk Management Strategy- Insurance
United States
Full-time
Remote
Director/Executive
$158K/yr - $220K/yr
15+ years exp
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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.
Qualification
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Required
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
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
Strong analytical and problem-solving skills with the ability to interpret complex financial data
Excellent communication and presentation skills, with the ability to convey technical information to non-technical stakeholders.
Proficiency in financial modeling and risk assessment tools
Able to effectively and diplomatically interface with all levels of management and personnel.
Strong excel and modeling skills
Ability to deal effectively with individuals at all levels and attain desired results.
Must have the ability to collaborate with cross-functional team to achieve business results.
Works well under stress and tight deadlines
Effective communication, presentation, negotiation and persuasion skills.
Balances listening and talking, speaking and writing clearly and accurately, influencing others and keeping others informed.
Team oriented, building strong working relationships and a positive work environment.
Is receptive to feedback and willing to learn, embracing continuous improvement.
Preferred
Investment banking or capital markets experience preferred
P&C insurance experience preferred
Benefits
Long-term incentive awards
Annual bonus based on individual and company performance
Three (3) Medical plan options
Two (2) Dental plan options
Vision plan
Critical Illness, Hospital Indemnity and Accident plans
Health Savings Account
Flexible Savings Accounts
Basic Life and AD&D
Short and Long-Term Disability benefits
Voluntary Life and AD&D plans
Traditional and Roth 401(k) plans
Headspace
Brio Health
LifeBalance
Flexible paid vacation
Company-paid holidays of typically nine per year
Paid sick time
Paid parental leave
Identity theft program
Travel assistance
Fitness and other discounts programs
Company
Porch Group
Porch Group is a vertical software platform for residential environments.
1,001-5,000 employees
Funding
Current Stage
Public CompanyTotal Funding
$648.85MKey Investors
Wellington ManagementRunway Growth CapitalValor Equity Partners
2023-04-17Post Ipo Debt· $333M
2022-04-15Post Ipo Equity· $4M
2021-10-01IPO· undefined
Leadership Team
Matt Ehrlichman
Founder, Chairman and CEO
Jake Cooney
Design Director and Co-founder
Recent News
Coverager - Insurance news and insights
2024-11-19
2024-11-11
2024-11-04
Company data provided by crunchbase
