Chief Risk Officer

This is a fully remote position, open to applicants in United States.

📋 Description

• Oversee the risk, actuarial, and reinsurance strategy for Stonehaven Specialty Insurance Company.

• Act as an independent control function with direct access to the Board of Directors.

• Direct enterprise risk, actuarial, reinsurance, and counterparty credit functions.

• Engage in decisions regarding the programs that Stonehaven endorses.

• Draft the risk appetite statement for Stonehaven, along with exception and breach-escalation processes.

• Develop and take ownership of the enterprise risk management framework and ORSA.

• Implement a three-lines-of-defense model, quarterly risk attestations, and stress testing.

• Head the actuarial function, which includes data validation, loss ratio setting, monitoring, and reserving.

• Ensure that retained share and tail risk are reserved and capitalized to meet full-carrier standards.

• Establish reinsurance strategy and supervise risk-transfer testing and placements.

• Independently authorize every reinsurer and collateral provider.

• Manage the Third-Party Credit Risk Policy and counterparty risk governance.

• Verify collateral and ensure collateral sufficiency with top-up triggers.

• Evaluate proposed programs for actuarial soundness, fit with risk appetite, and secured reinsurance capacity.

• Lead the Risk & Capital and Reinsurance Security Committees, reporting to the Board.

• Assist the Reserve Committee and independent actuary’s annual statement of opinion.

• Collaborate with Finance on Schedule F, RBC, and AM Best BCAR impacts.

• Work with Technology on contract management, collateral, and concentration monitoring systems.

• Build and lead the risk organization.

⛳️ Requirements

• 15+ years of experience in P&C actuarial, reinsurance, or enterprise risk, including senior leadership roles at a carrier, fronting carrier, or reinsurer.

• Associate of the Casualty Actuarial Society.

• Direct experience in structuring and negotiating reinsurance treaties, including capped quota shares, sliding-scale commissions, and collateralized capacity.

• Proven expertise in counterparty credit and collateral risk management, including collateral verification, concentration limits, and watch-list governance.

• Experience with an ERM framework and ORSA, accompanied by board-level risk reporting.

• FCAS, CPCU, CERA, or FRM designations (preferred).

• Previous experience at a fronting, hybrid fronting, or program carrier (preferred).

• Familiarity with captive, ILS, or other forms of collateralized reinsurance capacity (preferred).

• Experience in collaborating with rating agencies and regulators on capital and risk issues (preferred).

• Authorized to work in the United States without the need for current or future employer-sponsored work authorization.

🏝️ Benefits

• Full remote flexibility and an asynchronous work culture.

• Unlimited PTO and fully paid sick leave.

• Comprehensive health benefits, including medical, dental, and vision coverage, along with HSA and FSA options.

• 401(k) plan.

• Company-paid life insurance.

• Disability coverage.

• Equity incentive program.