Director, Insurance Credit Risk
About The Position
The Director, Insurance Credit Risk is a senior individual contributor responsible for underwriting, assigning internal credit ratings to, and monitoring an assigned portfolio of life, health, and property and casualty insurance company members. The role applies independent judgment and deep analytical expertise to convert complex financial information into clear credit recommendations. The Director serves as a subject matter expert and advises internal partners on insurance credit risk, underwriting methodologies, statutory accounting, reinsurance, and capital adequacy. The position presents recommendations to senior leaders and credit approval committees and supports credit governance through thorough documentation and escalation of material concerns. This position has no people-management responsibilities.
Requirements
- Bachelor’s degree in finance, accounting, economics, business administration, or a related field, or equivalent relevant experience.
- At least 10 years of progressively responsible experience in credit analysis, underwriting, financial analysis, insurance company analysis, financial institution risk management, regulation, or credit ratings.
- Substantial direct experience assessing insurance company creditworthiness, including statutory and GAAP financial statements, regulatory filings, capital measures, investment portfolios, reserves, liquidity, and reinsurance.
- Strong knowledge of insurance regulation, statutory accounting, GAAP reporting, and credit rating methodologies.
- Experience preparing and presenting complex credit recommendations to senior approval authorities, governance committees, or equivalent decision-makers.
- Strong analytical and financial writing skills, with the ability to translate complex information into clear credit conclusions and actionable recommendations.
- Sound independent judgment and the ability to critically evaluate assumptions and evidence.
- Proficiency with market data, credit risk platforms, and advanced Excel.
- Ability to manage multiple complex reviews independently.
Responsibilities
- Analyze insurance company statutory and U.S. GAAP financial statements, regulatory filings, capital adequacy, reserves, liquidity, reinsurance arrangements, and business performance to assess creditworthiness.
- Evaluate investment portfolio asset quality, composition, concentrations, duration, liquidity, and exposure to changing market conditions.
- Prepare credit memoranda explaining financial condition, key risks, mitigating factors, internal rating rationale, and recommended credit structure.
- Monitor an assigned portfolio for material changes in financial condition, regulatory status, market exposure, collateral risk, borrowing capacity, and overall credit quality.
- Track insurance regulation, accounting standards, interest rates, asset valuations, credit spreads, and reinsurance markets; produce sector reviews and exposure analyses for portfolio surveillance and risk appetite discussions.
- Present conclusions to senior management and approval committees, maintain complete analytical documentation, and escalate material deterioration, covenant concerns, policy exceptions, and matters beyond delegated authority.
- Advise internal partners on insurance credit risk, underwriting methodologies, statutory accounting, reinsurance, and capital adequacy.
- Share expertise and provide technical guidance or analytical review when requested.
Benefits
- Work from anywhere in the U.S. for six weeks annually: four personal weeks and two Bank-designated weeks.
- Medical, dental, vision, and mental health support.
- 401(k) with company match, life insurance, and disability coverage.
- Vacation, sick leave, holidays, wellness, and volunteer days.
- Backup care for children, elders, and pets, plus medical, parental, and family leave.
- Annual wellness and technology stipends, a transit subsidy, and pretax transit and parking benefits.
- Annual incentive award opportunities.
Stand Out From the Crowd
Upload your resume and get instant feedback on how well it matches this job.
What This Job Offers
Job Type
Full-time
Career Level
Senior
