Director of Capital Management

Company: Hippo
Location: Pluckemin
Posted on: October 30, 2025

Job Description:

Title: Director of Capital Management Reporting to: President, Reinsurance & Portfolio Management About Hippo: Hippo Holdings consists of national property and casualty insurance companies—including Spinnaker Insurance Company and its subsidiaries, rated A- (VIII) by A.M. Best—along with an insurance agency and a managing general agent. Enabled by technology, Hippo brings products to market through a diversified range of offerings sourced from both owned and third-party programs, available on an admitted and surplus lines basis. We partner with innovative market leaders across personal, commercial, and specialty lines, as well as traditional and non-standard opportunities. About The Role: The Director of Capital Management is responsible for overseeing the company’s strategy for managing its capital resources to support financial strength, regulatory compliance, and long-term business growth and strategic initiatives. This role involves the development and execution of capital plans, strategies, and policies to optimize capital utilization and maintain adequate capital levels under various economic and business conditions. What You’ll Do: Capital Planning and Forecasting: Lead and oversee the development, implementation, and monitoring of the companys capital management framework, including capital planning, forecasting, and stress testing, ensuring compliance with regulatory requirements and risk appetite Capital Efficiency and Optimization: Drive capital efficiency and innovation by identifying and implementing initiatives to optimize capital utilization, including the development of capital allocation strategies Regulatory Compliance and Reporting: Ensure compliance with regulatory requirements related to capital management, including ORSA requirements and preparing and providing reports to regulatory bodies and rating agencies, such as the NAIC risk-based capital model and AM Best capital adequacy ratio model Risk Management: Identify, assess, and mitigate capital-related risks, collaborating with the Enterprise Risk Management (ERM) function to support risk management activities, including designing and operating stress and scenario modeling tools Strategic Support: Partner with internal stakeholders (Finance, Actuarial, Risk, & Program Management) to evaluate the capital implications of strategic initiatives, including M&A, new business opportunities, and asset allocation decisions Financial Modeling and Analysis: Conduct complex financial modeling and analysis to support capital budgeting decisions, monitor capital performance, and provide insights to management Communication and Stakeholder Management: Communicate capital management strategies, risk considerations, and regulatory requirements effectively to senior management, regulatory bodies, and internal and external stakeholders Must Haves: Bachelors degree in a relevant field such as Finance, Accounting, Economics, Statistics, Mathematics, Engineering or Actuarial Science, with a preference for a qualified actuary or with a background in applied mathematics Experience 7-10 years in the Property & Casualty (P&C) industry in capital management and/or adjacent or related disciplines Knowledge of NAIC risk-based capital model and AM Best capital adequacy ratio model required Experience working with rating agencies and regulatory bodies Proficiency with Excel, capital modeling tools (e.g. igloo, metarisk), and possibly programming languages (e.g., R, Python, SQL) is advantageous Experience with internal and factor-based models (S&P/BCAR/BSCR/Solvency II), catastrophe models, investment analysis, and PML calculations would be beneficial Strong analytical, problem-solving, and communication skills are also necessary for this role Nice to Have: A good understanding of different accounting standards (e.g., US GAAP, US STAT) is preferred Benefits and Perks Hippo treats its team members with the same level of dedication and care as we do our customers, which is why we’re fortunate to provide all of our Hippos with: Healthy Hippos Benefits - Multiple medical plans to choose from and 100% employer covered dental & vision plans for our team members and their families. We also offer a 401(k)-retirement plan, short & long-term disability, employer-paid life insurance, Flexible Spending Accounts (FSA) for health and dependent care, and an Employee Assistance Program (EAP) Equity - This position is eligible for equity compensation Training and Career Growth - Training and internal career growth opportunities Flexible Time Off - You know when and how you should recharge Little Hippos Program - We offer 12 weeks of parental leave for primary and secondary caregivers Hippo Habitat - Snacks and drinks available for onsite employees The Tri-State Area base pay range for this role is $200,000 - $280,000. Exact compensation may vary based on several job-related factors that are unique to each candidate, including but not limited to: skill set, experience, education/training, location, business needs and market demands. Hippo is an equal opportunity employer, and we are committed to building a team culture that celebrates diversity and inclusion. Hippo’s applicants are considered solely based on their qualifications, without regard to an applicant’s disability or need for accommodation. Any Hippo applicant who requires reasonable accommodations during the application process should contact the Hippo’s People Team to make the need for an accommodation known.

Keywords: Hippo, Plainfield , Director of Capital Management, Accounting, Auditing , Pluckemin, New Jersey