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Manager, Capital Planning & Analysis

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Date: Aug 1, 2019

Location: West Des Moines, IA, US, 50266

Company: Sammons Financial Group

Sammons® Financial Group’s (SFG) member companies offer some of today’s most sought after life insurance, annuity, and retirement planning products. Unlike most financial organizations, our companies are not publicly traded, which means we’re focused on long-term value rather than short-term earnings pressures. As a privately held company, our leaders and employees remain consistently focused on long-term growth, making decisions that allow us to deliver on our commitments to customers, distribution partners, our employees, and our communities. Individually, our companies provide value in the products and services they offer. Together we represent a history of strength and longevity.


What you can expect when you join SFG:

  • A casual dress code including jeans
  • A rich company culture driven by private ownership and intentional leadership inspiring employees to engage in our healthy, high-performing and values based culture.
  • Healthy balance between work and personal lives. Friday afternoons off all year long, competitive PTO and generous number of paid holidays
  • Great benefits including medical, dental, vision, wellness plan, charitable giving programs, education assistance… to name a few ESOP-A generous 100% company funded retirement plan


What we are looking for Manager, Capital Planning & Analysis.

You will be responsible for managing the preparation of the capital and surplus planning and analysis for the organization including Risk Based Capital (RBC) and rating agency measures. Responsible for review and support of the preparation, documentation, and analysis of the reports utilized in the Capital Planning processes.

  1. Build and maintain the Capital Dashboard reporting, which includes RBC results and the various Rating Agencies (S&P, AM Best, Fitch) ratings criteria. The Capital Dashboard is used to project capital requirements for a three-year period. The Dashboard is discussed with upper management and the Capital Steering Committee.
  2. Prepare the Risk Based Capital Reporting, including the annual filing, RBC Plan, plus quarterly updates and three-year projections.
  3. Prepare AM Best BCAR, S&P CAR, and Fitch ratings three year-projections. This includes building various data models that include the requesting and gathering of data from various sources in the company.
  4. Review all Rating Agency survey submissions and other required Rating Agency deliverables as prepared by the department’s Corporate Accounting Analyst. Serve as the backup preparer of those submissions and deliverables.
  5. Prepare the quarterly and annual Schedule Y statements for inclusion in the statutory financial statements. The work papers built will also be provided to Legal as support for the holding company filings made by that department. Serve as a resource to Legal for questions that develop during the preparation.
  6. Prepare and file the annual Group Capital Calculations that encompass the entire scope of the entities in Schedule Y.
  7. Ability to provide Management with in-depth and meaningful analysis, both verbal and written, of the current and future impacts of the financial statements’ results on capital. Monitor, analyze and forecast Sammons Financial Group (SFG) member companies short-term and long-term capital position to identify capital strains, and analyze, build and communicate capital projections. Reviews are conducted utilizing experience in preparing GAAP, Statutory, and Risk Based Capital Reporting.
  8. Monitor the accounting developments of the NAIC, FASB, AM Best, S&P, Fitch and actively participate in ACLI and other industry working groups to ensure the organization proactively and effectively implements changes impacting capital and surplus. Effectively communicate the impact of upcoming changes to upper management to ensure they are informed of applicable changes.
  9. Monitor, analyze and forecast SFG’s short-term and long-term capital position to identify capital strains, and analyze, build and communicate capital projections.
  10. Participate in the identification and evaluation of potential capital market transactions (e.g. financial reinsurance, debt issuance, etc.) to provide capital funding to enhance SFGs financial strength and optimize capital position for future growth opportunities.
  11. Analyze, refine and communicate key capital and surplus metrics in support of the Annual Strategic Plan. Manage the area of responsibility to meet the Division’s financial reporting deadlines.
  12. Contribute to the coordination, oversight and management of special projects within SFG that impact, and have impact from, capital planning and analysis.
  13. Contribute to, and support the activities related to external audits, rating agency requirements, and regulatory examinations.
  14. Encourage others to think critically, act as a necessary resource coach, volunteer for assignments and remove barriers to facilitate the accomplishment of team goals; consistently involve others and bring different people’s knowledge and skills to bear on achieving team goals; share relevant or important information with team; adhere to decisions and recommendations of the team and act as an enthusiastic supporter.
  15. Coach others to document conditions that cause problems to occur, develop an action plan and take initiative when appropriate. Provide insight to assist others in better understanding situations and facts. Encourage collaboration so team members seek information and gain buy-in.
  16. Oversee the documentation and maintenance of all written job duties, procedures and internal control functions as it applies to the area of responsibility.
  17. The workload may occasionally demand additional work outside of the company's standard 40-hour work week.
  18. Commitment to embrace SFG shared values (Respect, Accountability, Integrity, and Openness)
  19. As stated within the Company Attendance and Punctuality policy, regular attendance is required and expected in order to meet the business service levels and workflow demands.



  • Bachelor's Degree in accounting required
  • Master's Degree preferred
  • CPA preferred
  • Minimum 5 years' accounting and financial reporting experience in the insurance industry; experience with Rating Agency Capital analysis preferred
  • Strong knowledge of insurance products and how the economics of those products are reflected in ratings results preferred
  • Demonstrated leadership through developing, coaching, and mentoring of others within and beyond team
  • Collaborative team skills within and outside of Corporate Accounting and the ability to work in a positive fashion toward common organization goals
  • Extensive knowledge of complex accounting, financial reporting, and capital and surplus requirements unique to the life insurance industry
  • Possess an understanding of the various processes required to prepare and support of the annual audited financial statements
  • Strong written and verbal communication skills; ability to effectively discuss complex topics with senior leaders outside of Corporate Accounting and external auditors
  • High degree of analytical and critical thinking skills and a professional judgment disposition
  • Ability to identify and resolve complex issues and direct resources across teams to achieve results
  • Ability to prioritize multiple projects, delegate and allocate time and resources effectively; ability to meet strict deadlines is necessary
  • High degree of professionalism, motivation and intellectual curiosity; courage to address challenging issues in a professional and positive fashion
  • Ability to adapt to change and quickly identify, comprehend and react to complex topics that impact the business
  • Demonstrated understanding of insurance-industry specific skills beyond accounting and finance
  • Demonstrated ability to research and implement the existing and emerging insurance industry GAAP, Statutory accounting, and capital/ratings concepts
  • Due to the financial nature and level of accountability of this position, a credit and criminal background check is required - The Fair Credit Reporting Act requires Sammons Financial Group (SFG) member companies to notify you that, as a routine part of processing this application for employment, SFG member companies may request a consumer report on you to verify all information contained in this application. Such report may include information about work-related behaviors, performance, character, general reputation, and personal characteristics, in addition to information about your previous employment, education, credit history and criminal records

Nearest Major Market: Des Moines

Job Segment: Accounting, CPA, Finance

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