Director, Capital Management
Apply NowCompany: Group1001
Location: Zionsville, IN 46077
Description:
Group 1001 is a consumer-centric, technology-driven family of insurance companies on a mission to deliver outstanding value and operational performance by combining financial strength and stability with deep insurance expertise and a can-do culture. Group1001's culture emphasizes the importance of collaboration, communication, core business focus, risk management, and striving for outcomes. This goal extends to how we hire and onboard our most valuable assets - our employees.
Company Overview:
Clear Spring Property and Casualty Group (CSPCG) is comprised of four insurance carriers (Clear Spring Property and Casualty Company, Clear Spring Casualty Insurance Company, Clear Spring American Insurance Company, and Clear Spring National Insurance Company), each rated A- (Excellent) by A.M. Best. CSPCG assists companies in protecting themselves from today's challenges through technology and innovation. CSPCG provides worker's compensation, general liability, and other coverages through strong agency relationships.
Clear Spring Property and Casualty Group is a subsidiary of Delaware Life Insurance Company and its parent company, Group 1001, a collective that empowers companies to create positive growth. Everything Group 1001 does is designed to help individuals and communities thrive. Our insurance and annuities make financial products easy to understand and accessible to all. Our online investing platform gives individuals control over their savings and their futures. Our technology and innovation help companies succeed. And our strategic partnerships bring people together through education and sports. Because we all have the power to grow better. Clear Spring's risk management solutions evolve with market needs, while traditional insurance companies struggle to keep up. Our data-driven approach and mastery of emerging technologies provide a deeper connection with customers by developing smarter, more adaptive ways to interact that address the needs of brokers and their policyholders.
We're confident that you'll love partnering with us.
Job Summary
The Director, Capital Management job entails effectively managing the Company's capital resources. This role will develop and implement capital plans, strategies and policies to ensure the efficient and effective use of capital. This job will analyze financial data, forecast and model scenarios to support capital budgeting decisions, monitor capital ratios, and make recommendations to optimize the company's capital structure. This job will play a critical role in ensuring the Company maintains adequate capital levels to comply with regulatory requirements and support the Company's operations and growth.
Key Responsibilities:
Qualifications:
Benefits Highlights:
Employees who meet benefit eligibility guidelines and work 30 hours or more weekly, have the ability to enroll in Group 1001's benefits package. Employees (and their families) are eligible to participate in the Company's comprehensive health, dental, and vision insurance plan options. Employees are also eligible for Basic and Supplemental Life Insurance, Short and Long-Term Disability, and to enroll in the Company's Employee Assistance Program and other wellness initiatives. Employees may also participate in the Company's 401K plan, with matching contributions by the Company.
Group 1001, and its affiliated companies, is strongly committed to providing a supportive work environment where employee differences are valued. Diversity is an essential ingredient in making Group 1001 a welcoming place to work and is fundamental in building a high-performance team. Diversity embodies all the differences that make us unique individuals. All employees share the responsibility for maintaining a workplace culture of dignity, respect, understanding and appreciation of individual and group differences.
#LI-JT1 #LI-REMOTE
Company Overview:
Clear Spring Property and Casualty Group (CSPCG) is comprised of four insurance carriers (Clear Spring Property and Casualty Company, Clear Spring Casualty Insurance Company, Clear Spring American Insurance Company, and Clear Spring National Insurance Company), each rated A- (Excellent) by A.M. Best. CSPCG assists companies in protecting themselves from today's challenges through technology and innovation. CSPCG provides worker's compensation, general liability, and other coverages through strong agency relationships.
Clear Spring Property and Casualty Group is a subsidiary of Delaware Life Insurance Company and its parent company, Group 1001, a collective that empowers companies to create positive growth. Everything Group 1001 does is designed to help individuals and communities thrive. Our insurance and annuities make financial products easy to understand and accessible to all. Our online investing platform gives individuals control over their savings and their futures. Our technology and innovation help companies succeed. And our strategic partnerships bring people together through education and sports. Because we all have the power to grow better. Clear Spring's risk management solutions evolve with market needs, while traditional insurance companies struggle to keep up. Our data-driven approach and mastery of emerging technologies provide a deeper connection with customers by developing smarter, more adaptive ways to interact that address the needs of brokers and their policyholders.
We're confident that you'll love partnering with us.
Job Summary
The Director, Capital Management job entails effectively managing the Company's capital resources. This role will develop and implement capital plans, strategies and policies to ensure the efficient and effective use of capital. This job will analyze financial data, forecast and model scenarios to support capital budgeting decisions, monitor capital ratios, and make recommendations to optimize the company's capital structure. This job will play a critical role in ensuring the Company maintains adequate capital levels to comply with regulatory requirements and support the Company's operations and growth.
Key Responsibilities:
- Deliver analytical support around the Company's annual plan and stress testing results to provide senior management with key insights into the Company's capital levels under a range of economic scenarios.
- Create and maintain dashboards to monitor capital performance and provide insights to management.
- Identify, assess, and mitigate capital-related risks.
- Assess the impact of new products, regulations, or market developments on the Company's capital levels.
- Complete ad-hoc analyses to support strategic decisions.
Qualifications:
- Bachelors in Finance, Accounting or related field
- 7+ years of experience in statutory accounting and capital management for a P&C insurance company
- Familiarity with NAIC risk-based capital model and AM Best capital adequacy ratio model for property & casualty companies.
- Proficiency in developing and using financial models to forecast capital needs and performance
- Ability to communicate complex financial information clearly and concisely, both verbally and in writing.
- Exceptional analytical and problem-solving skills with the ability to find insights and solutions in ambiguity.
- Advanced knowledge of Excel and PowerPoint
- Ability to travel for required in-person meetings on a quarterly basis
Benefits Highlights:
Employees who meet benefit eligibility guidelines and work 30 hours or more weekly, have the ability to enroll in Group 1001's benefits package. Employees (and their families) are eligible to participate in the Company's comprehensive health, dental, and vision insurance plan options. Employees are also eligible for Basic and Supplemental Life Insurance, Short and Long-Term Disability, and to enroll in the Company's Employee Assistance Program and other wellness initiatives. Employees may also participate in the Company's 401K plan, with matching contributions by the Company.
Group 1001, and its affiliated companies, is strongly committed to providing a supportive work environment where employee differences are valued. Diversity is an essential ingredient in making Group 1001 a welcoming place to work and is fundamental in building a high-performance team. Diversity embodies all the differences that make us unique individuals. All employees share the responsibility for maintaining a workplace culture of dignity, respect, understanding and appreciation of individual and group differences.
#LI-JT1 #LI-REMOTE