Senior Financial Analyst, Insurance Capital and Risk Management Strategy

2 weeks ago

Seattle, Washington, United States Porch Full time
Job Overview

Porch Group is a leading vertical software and insurance platform, poised to be the best partner for homebuyers. We offer differentiated products and services, with homeowners insurance at the center of this relationship. Our goal is to differentiate and win in the massive and growing homeowners insurance opportunity by providing the best services for homebuyers, led by advantaged underwriting in insurance, and to protect the whole home.

We've built deep relationships with approximately 30 thousand companies that are key to the home-buying transaction, such as home inspectors, mortgage companies, and title companies. In 2020, Porch Group rang the Nasdaq bell and began trading under the ticker symbol PRCH. We're looking to build a truly great company and are just getting started.

Job Summary

The future is bright for Porch Group, and we'd love for you to be a part of it as our Capital and Risk Management Strategy SFA-Insurance. Under the direction of the Director of Capital and Risk Management Strategy, you will be responsible for assisting in creating and executing HOA's capital and risk management strategy. 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.

Key Responsibilities
  • Capital Strategy
    • 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 models.
    • Perform analysis to increase capital efficiency at HOA. Provide insights and recommendations on risk-adjusted returns.
    • Update reinsurance components of monthly forecast.
    • 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.
  • Risk and Compliance Management
    • Ensure 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.
Requirements
  • At least 5 years of experience with insurance capital management analysis.
  • Strong in capital modeling.
  • Strong level understanding of 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 management in evaluating various capital/reinsurance opportunities.
  • P&C insurance experience preferred.
What We Offer

Porch Group offers a comprehensive benefits package, including three (3) Medical plan options, two (2) Dental plan options, and a Vision plan from which to choose. We also offer pre-tax savings options, including a partially employer-funded Health Savings Account and employee Flexible Savings Accounts. Additionally, we provide company-paid Basic Life and AD&D, Short and Long-Term Disability benefits, and Voluntary Life and AD&D plans. Both traditional and Roth 401(k) plans are available with a discretionary employer match. We also offer Headspace, a wellbeing program that 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. Brio Health is another 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. Our wellness programs include 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.

Porch Group is an Equal Opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, including sexual orientation and gender identity, national origin, disability, protected veteran status, or any other characteristic protected by applicable laws, regulations, and ordinances.

Porch Group is an E-Verify employer. E-Verify is a web-based system that allows an employer to determine an employee's eligibility to work in the US using information reported on an employee's Form I-9. The E-Verify system confirms eligibility with both the Social Security Administration (SSA) and Department of Homeland Security (DHS). For more information, please go to the USCIS E-Verify website.

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