Director of Credit & Collateral Risk

Ledgebrook

. Maintain the Third-Party Credit Risk Policy, including credit standards, reinsurer credit tiers, concentration limits, and the exception process.

Posted 10/14/2026full-timeRemote • United StatesLead💰 $200,000 - $450,000 per yearWebsite

Core Competencies

Role fit

Core Competencies

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Demonstrates extensive expertise in credit risk management, including the maintenance of credit risk policies, collateral structures, and financial statement analysis. Proficient in building risk registers and dashboards while ensuring compliance with statutory credit requirements and presenting findings to executive committees.

Highest-signal resume keywords

Credit Risk ManagementFinancial Statement AnalysisCollateral StructuresStatutory Credit KnowledgeRisk Register Development

ATS Keywords

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Applicant Tracking System Keywords

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Hard Skills

Credit Risk Policy MaintenanceDue DiligenceCollateral SizingCredit Quality MonitoringCredit Stress ScenariosReinsurance Security EvaluationCredit Monitoring ToolsConcentration Limit EnforcementIndependent VerificationRating Alerts Monitoring

Soft Skills

CollaborationPresentation SkillsAnalytical ThinkingProblem Solving

Tools & Technologies

Credit Monitoring DashboardsFinancial Analysis Software

Certifications & Qualifications

CFAFRMPRMCPCU

Industry Keywords

ReinsuranceCounterparty RiskCollateralized ReinsuranceInsuranceFinancial Institution

About the role

Key responsibilities & impact

Maintain the Third-Party Credit Risk Policy, including credit standards, reinsurer credit tiers, concentration limits, and the exception process.
Perform independent due diligence and credit approval for reinsurers, captives, MGAs, TPAs, banks, premium finance companies, and surplus lines brokers.
Independently verify letters of credit with issuing banks and trust assets with trustees.
Size collateral, compare required and posted collateral monthly, and issue or escalate top-up demands.
Monitor the credit quality of letter-of-credit issuing banks and ensure eligibility.
Enforce concentration limits across reinsurers, collateral providers, banks, and programs.
Build and maintain counterparty credit risk, collateral, and aggregate credit exposure registers and dashboards.
Monitor rating alerts, independently sourced financial statements, recoverable aging, MGA premium trust accounts, and TPA loss funds.
Manage the Watch List, including triggers, required actions, exit plans, and Board notification.
Design and run credit stress scenarios for ORSA.
Present counterparty, collateral, and concentration status to committees and support Finance on Schedule F, RBC credit risk, and Form F disclosures.
Review material contracts with Legal for offset rights, collateral triggers, security interests, and termination for financial cause.
Report to the Chief Risk Officer and collaborate with Finance, Legal, Reinsurance, and program teams.

Requirements

What you’ll need

10+ years in credit risk, reinsurance security, or counterparty risk at an insurer, reinsurer, rating agency, or financial institution.
Either an actuarial or accounting background.
Hands-on experience with collateral structures, including letters of credit and reinsurance trust accounts.
Strong financial statement analysis across insurers and non-insurance counterparties.
Working knowledge of statutory credit for reinsurance, Schedule F, and RBC credit risk charges.
Prior experience on a reinsurance security committee or at a fronting or program carrier (nice to have).
Experience evaluating captives, ILS vehicles, or other collateralized reinsurance capacity (nice to have).
Professional designation such as CFA, FRM, PRM, or CPCU (nice to have).
Experience building risk registers, dashboards, or credit monitoring tools (nice to have).
Must be authorized to work in the United States without current or future employer-sponsored work authorization.

Benefits

Comp & perks

Full remote flexibility and asynchronous work culture.
Unlimited PTO and fully paid sick leave.
Comprehensive health benefits, including medical, dental, and vision coverage, plus HSA and FSA options.
401(k).
Company-paid life insurance.
Disability coverage.
Equity incentive program.