Enterprise Risk Management Analyst I, II, Senior in Chicago, IL at National General Insurance

Date Posted: 7/29/2019

Job Snapshot

  • Employee Type:
    Full-Time
  • Location:
    Chicago, IL
  • Job Type:
  • Experience:
    Not Specified
  • Date Posted:
    7/29/2019

Job Description

Primary Purpose:

Enterprise Risk Management Analyst I, II, Senior

Work in close coordination with the Company’s business unit management teams in the United States and globally to develop, implement and monitor National General Holding Company’s Enterprise Risk Management (ERM) program, ensuring that appropriate mitigation actions are taken as required, and performing ongoing analysis to assess risk exposure, capital adequacy, and solvency. Remote working options would be considered. 

Essential Duties and Responsibilities:

Following is a summary of the essential functions for this job. Other duties may be performed, both major and minor, which are not mentioned below. Specific activities may change from time to time.

Enterprise Risk Management Analyst I

  • Support the ERM function, which includes creating/maintaining processes to identify, analyze, monitor, manage, mitigate and control risks across the enterprise
  • Conduct periodic assessment of risk exposures and modeling: assist with the continued development of the economic capital model, stress testing and capital adequacy
  • Work with other staff throughout the organization in support of ERM, capital modeling, capital management, reinsurance and rating agencies
  • Assist  in completion and filing of the Company’s Own Risk and Solvency Assessment (ORSA) and other regulatory ERM requirements
  • Support all risk reports for ERM committee meetings, management, audit committee and board of directors
  • Assist with all of the ERM processes, governance work and standards
  • Collaborate with subject matter experts and service providers

Enterprise Risk Management Analyst II

  • Qualitative and quantitative assessment and analysis of risk, including thought leadership and graphical representations for use in ERM reporting

Senior Enterprise Risk Management Analyst

  • Lead effort to update and improve the internal economic capital model. Present results and year-over-year changes

Minimum Skills and Competencies:

The requirements listed below are representative of the knowledge, skill and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Enterprise Risk Management Analyst I

  • Bachelor Degree in quantitative field (actuarial science, mathematics, statistics, finance, economics or related area) or in-lieu of degree equivalent education, training and work-related experience
  • 2+ years of relevant insurance or reinsurance industry experience with exposure to corporate ERM, or successful completion of a graduate ERM curriculum
  • Minimum one actuarial exam passed towards the SOA or CAS, or demonstrated progress towards the ARM-E, CFA, FRM or PRM designation
  • Understanding of risk management principles, insurance operations and financial statement analysis
  • Knowledge of ERM related regulatory frameworks (NAIC ORSA, Solvency II, Bermuda CISSA)
  • Effectively exchange information, present ideas, report facts and other information in a clear and concise manner
  • Proficient in Microsoft Office (Word, Excel, Access, Outlook, PowerPoint)
  • Keen attention to detail and highly organized
  • Strong analytic and problem solving skills; ability to learn quickly and solve poorly-defined problems
  • Ability to deal with ambiguity and adjust workload to multiple demands and shifting priorities

Enterprise Risk Management Analyst II

  • Strong understanding of risk management principles, insurance operations and financial statement analysis

Senior Enterprise Risk Management Analyst

  • 5+ years of relevant insurance or reinsurance industry experience with significant exposure to corporate ERM
  • Strong knowledge of ERM related regulatory frameworks (NAIC ORSA, Solvency II, IAIS Comframe)

Desired Skills:

Enterprise Risk Management Analyst I, II, Senior

  • Bachelor's and/or Master's degree in quantitative or risk management field (risk management, actuarial science, mathematics, finance, economics or a related area)
  • Actuarial experience
  • Risk management designations/certifications such as CPCU, ARM-E, CERA, FRM and/or PRM
  • Knowledge of  Economic Capital Models (ECM) or Dynamic Financial Analysis (DFA)
  • Working knowledge of capital modeling software (Remetrica, Igloo, Metarisk or other
Job posting ID: 008609

Job Requirements

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About National General Holdings:

National General Holdings Corp. is headquartered in New York City. National General traces its roots to 1939, has a financial strength rating of A– (excellent) from A.M. Best, and provides personal and commercial automobile, homeowners, umbrella, recreational vehicle, motorcycle, supplemental health, and other niche insurance products. We are a specialty personal lines insurance holding company. Through our subsidiaries, we provide a variety of insurance products, including personal and commercial automobile, homeowners, umbrella, recreational vehicle, supplemental health, lender-placed and other niche insurance products.

National General is a fast paced, dynamic, and entrepreneurial organization. Our team members live by and exemplify what we call the 4Es. At National General, we are Energized, Engaged, Empowered, and we Execute every day in order to provide an exceptional experience for our customers! We are passionate about our organization and the value that we add every day. A successful candidate with National General will embody the 4Es. Our team is poised to outperform the competition. We are National General Insurance and with us you can be extraordinary! Come join our team!

Companies and Partners

Direct General Auto & Life, Personal Express Insurance, Century-National Insurance, ABC Insurance Agencies, NatGen Preferred, NatGen Premier, Seattle Specialty, National General Lender Services, ARS, RAC Insurance Partners, Mountain Valley Indemnity, New Jersey Skylands, Adirondack Insurance Exchange, VelaPoint, Quotit, HealthCompare, AHCP, NHIC, Healthcare Solutions Team, North Star Marketing, Euro Accident.

In addition to a phenomenal career opportunity, National General Insurance offers an excellent benefits package including:

• Paid Training
• Medical, Dental, Vision benefits
• Wellness Programs
• Life and Short/Long Term Disability Insurance
• 401k w/ Company Match
• Company Paid Holidays & Generous Time-off policy
• Employee Discount Program
• Career Advancement and Development Opportunities
• On-site Healthcare Clinic (Winston-Salem and Cleveland offices)
• On-site Fitness Center (Cleveland and Dallas offices)
• Subsidized parking (Cleveland office)

National General Holdings Corp. is an Equal Opportunity (EO) employer – Veterans/Disabled and other protected categories. All qualified applicants will receive consideration for employment regardless of any characteristic protected by law. Candidates must possess authorization to work in the United States, as it is not our practice to sponsor individuals for work visas.

In the event you need assistance or accommodation in completing your online application, please contact NGIC main office by phone at (336) 435-2000.

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