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Mll48m6j9jpxnhq591h

Manager Corporate Finance

ProAssurance Corp Birmingham Full-Time
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An exciting opportunity exists to join the ProAssurance family of companies! 

We are a specialty writer of professional liability, products liability and workers' compensation insurance.  With over 1,000 employees operating in 40 states, our company is well positioned to offer career opportunities to individuals interested in professional growth.

The Manager of Finance is responsible for capital and risk model analytics, managing all rating agencies relations and overall data management.  The position is considered an integral part of the investment team using data analysis and forecasting to aid in the optimal use of capital in both financial management of the insurance company subsidiaries, as well as the investment portfolios.  

Essential Duties and Responsibilities:

33% Investment responsibilities:

  • Responsible for monitoring key metrics such as Value-at-Risk for the investment portfolio, company ROE, risk-adjusted returns and liquidity.
  • Model assumed investments for optimal return/capital aspects, recommending investment strategies based on capital analytics.
  • Leads analysis of new investments, due diligence, and ad hoc projects as assigned by CIO or senior leadership team
  • Works with outside asset manager and other financial institutions to support a better investment outcome; use outside models to help form better understanding of investment environment.
  • Provides support to CIO and investment team to determine the most cost-effective strategies for financing the company’s business initiatives and optimizing the capital structure. 
  • Provides input in relation to financial risk management and enterprise risk management initiatives

33%  Manages rating agency relationships as well as  data management for all agencies (AM Best, S&P, Moody’s, and Fitch); manages the process of collection, compilation and filling. The incumbent stays informed with changes in rating methodology and insurance industry developments, as well as understanding each rating agencies models and idiosyncrasies. 

  • Responsible for maintaining the capital models and keeping the management informed with all rating related forecasts
  • Leads maintaining relationships with the rating agencies to ensure that the ProAssurance business plans and strategies are well supported
  • Leads the preparation of agenda and presentation materials for periodic updates and meetings with rating agencies analysts.
  • Responsible for periodic analysis of metrics related to industry peers and competitors. Creates and uses relevant dashboards and benchmarks; the incumbent is a trusted internal source for insurance industry anlaytics.

20% Planning and forecast activities:

  • Completes annual bank forecast and ensures compliance with lender’s bank covenant.
  • Leads the annual statutory forecast and provides timely input for tax and budgeting activities
  • Creates Lloyd’s syndicate management reports and internal rate of return forecast
  • Stays informed of industry trends and outlook and develops peers and competitors forecasts for benchmarking with a focus on capital adequacy ratios: BCAR and RBC.


10% Capital management duties:

  • Works with CIO on liquidity analysis, changes in capital at risk and recommends an optimal level of capital redundancy.

4% Provides support and acts as liaison to various areas in the company; performs other tasks as assigned:

  • Responsible for preparation, review and publication of the financial and non-financial reports to various audiences throughout the organization.
Qualifications

  • Bachelor's degree in Finance or related field from an accredited institution required
  • 5-10 years of related financial management required
  • CFA designation is a plus
  • Masters in Finance or MBA preferred but not required
  • Advanced skills in Microsoft Outlook, Excel, Word, and PowerPoint
  • Insurance experience preferred
  • Excellent organizational and communication skills are required   
  • Must be able to work independently; be detail oriented and able to prioritize and perform multiple tasks; must have knowledge and aptitude for current regulatory and compliance practices.

Recommended skills

Investments
Finance
Forecasting
Insurance
Financial Risk Management
Due Diligence
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Job ID: R1622

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What YOU want in healthcare professional liability, legal professional liability, or workers’ compensation insurance is ProAssurance’s focus. We work to ensure you are treated fairly while striving to make insurance simpler.

Whether you are:

  • a healthcare system, hospital, facility, physician, or allied professional;
  • a medical device manufacturer or life sciences company;
  • an attorney or law firm; or
  • a business looking for workers’ compensation coverage
ProAssurance can help. We have decades of experience—and innovative solutions—to help you meet your coverage needs. Your policy comes with access to proven risk-reduction tools and experts, along with unmatched claims handling for today’s evolving liability environment.

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