Insurance Company Credit Risk Manager

New Today

Our client is currently seeking a Insurance Company Credit Risk Manager What this position will be doing: We currently have people on the credit risk team that are responsible for overseeing insurance company risk, but we have identified a need for greater knowledge and expertise of our insurance company members as they are growing and becoming more complex. We need to make sure we have a good understanding of their business as well as the risks and how they should be assessed by us. We are going to redevelop our oversight of that type of member and as we redevelop it, existing practices will be modified and enhanced, and new practices will develop. This role would be a functional manager while they develop the program and framework and over time it could become a people manager. We have around 40 insurance companies, but insurance company borrowing is important to provide stability and diversification in our business. Looking for someone with experience overseeing credit risk and experience with reviewing financial performance of a company and assessing their risk and understanding their business and structure. Need to be able to understand the insurance company balance sheet and their strategy and how they report their financials. Must haves: Bachelor’s degree in Business, Finance, Economics, Mathematics or Statistics, advanced degree in business, economics or finance or equivalent work experience preferred10+ years’ experience in credit risk scoring and analysis, portfolio management or regulatory agency experience, knowledge of insurance company credit or financial analysisExperience performing or overseeing credit risk management programs of life and property and casualty companies, prefer insurance regulatory solvency experienceStrong understanding of insurance company balance sheet structure, reinsurance structures, financial management strategy, financial statements, disclosures and related schedulesKnowledge of statutory accounting principles (SAP) and generally accepted accounting principles (GAAP)Experience in credit risk management, including policy and business strategy Wants/ Preferred knowledge: Excellent written and verbal communication skills Soft Skills: Collaboration and teamworkAbility to plan, organize, analyze, and draw logical conclusions
Location:
Des Moines