Enterprise Risk & Capital Strategy Principal

Enterprise Risk & Capital Strategy Principal

Remote

Position Summary: This role supports enterprise risk management, capital strategy, and strategic growth initiatives. Partners across actuarial, finance, and investments to drive data-informed decisions that balance risk, return, and regulatory requirements while supporting financial strength and growth.

• Play a critical part in ensuring financial strength, optimizing capital allocation, and evaluating strategic growth opportunities.
• Partner closely with actuarial, finance, investments, and executive leadership to drive data-informed decisions that balance risk, return, and regulatory requirements.
• Influence the company’s financial resilience and growth strategy directly by ensuring appropriate risk-taking, efficient capital deployment, and disciplined evaluation of strategic opportunities.
• Play a key role in maintaining strong regulatory standing and supporting rating agency relationships.
• Support the design, enhancement, and execution of the company’s ERM framework in alignment with NAIC and ORSA requirements.
• Identify, assess, and monitor key risks including underwriting, market, credit, liquidity, and operational risks.
• Lead risk assessments, scenario analysis, and stress testing (e.g., interest rate shocks, catastrophe events, lapse risk).
• Prepare risk reports and dashboards for senior management and the Board.
• Collaborate with business units to develop and track risk mitigation strategies.
• Evaluate strategic initiatives including Mergers & Acquisitions (M&A), reinsurance transactions, distribution partnerships, and new product/market entry.
• Build and review financial models for acquisitions, divestitures, and strategic investments.
• Perform valuation analyses (discounted cash flow [DCF], comparable companies, embedded value where applicable).
• Conduct industry and competitor analysis across life, annuity, and/or Property & Casualty (P&C) markets.
• Support due diligence and integration planning for transactions.
• Develop and maintain capital models across regulatory and economic frameworks (e.g., risk-based capital [RBC], economic capital, rating agency models such as AM Best/Standard & Poor’s [S&P]).
• Analyze capital adequacy and support capital allocation decisions across business lines.
• Perform sensitivity and scenario testing to assess impacts on surplus, earnings, and ratings.
• Partner with actuarial and finance teams on projections, reserve impacts, and asset‑liability management (ALM).
• Support ORSA filings, rating agency submissions, and capital‑related disclosures.

• Bachelor’s degree in Actuarial Science, Finance, Economics, Mathematics, or related field.
• 5–10+ years of experience in insurance risk management, actuarial, corporate finance, investment banking, or strategy.
• Strong understanding of insurance fundamentals (reserving, pricing, reinsurance, ALM).
• Experience with capital frameworks such as RBC and/or economic capital models.
• Progress toward or attainment of FSA/ASA, CFA, or MBA strongly preferred.
• Advanced Excel skills; experience with modeling tools (e.g., Python, R, VBA, Prophet, AXIS, or similar) is a plus.
• Strong quantitative and analytical capabilities.
• Investment Banking Experience.
• Ability to translate complex actuarial/financial concepts into business insights.

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Horace Mann was founded in 1945 by two Springfield, Illinois, teachers who saw a need for quality, affordable auto insurance for teachers. Since then, we’ve broadened our mission to helping all educators protect what they have today and prepare for a successful tomorrow. With our broadened mission, we serve more than 4,100 school districts nationwide, are publicly traded on the New York Stock Exchange (symbol: HMN), and have more than $12 billion in assets.

EOE/Minorities/Females/Veterans/Disabled. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or protected veteran status.