Why CIG?

At Capital Insurance Group we offer our employees more than just a job. We foster career growth, provide opportunities to give back to our communities, and help you take the next step in your career!

CIG was founded in 1898 by a group of earnest farmers in need of protection and today, we are the leading West Coast Property & Casualty insurer. CIG is certified as a Great Place to Work and provides a collaborative, inclusive, and fun work culture for all employees.

Why choose CIG’s Finance Team?

The Finance team at Capital Insurance Group leads all accounting, treasury, and financial planning functions across the company. You’ll have the opportunity to work with a team whose key goal is to ensure CIG’s future success and profitability in order to continue to provide a high-level service to our clients

Benefits

• Accrue twenty-one days of Paid Time Off during your first year

• Up to eighty-seven percent of benefits covered by CIG for you and your family members

  • Medical, dental, vision plans

• One hundred percent covered plans

  • Basic Life & AD&D

  • Employee Assistance

  • Leave Management

  • Long Term Disability

  • Short Term Disability (Outside of CA)

• Family Caregiver Support (Homethrive)

• Child Care Resources (Tootris)

• Business Travel Accident Protection

• Voluntary benefit offerings

  • Short-term (CA only)

  • Voluntary Life AD&D self, spouse and child plans

  • Flexible Spending

  • Health Savings (HSA)

  • Hospital Indemnity

  • Accidental Injury

• Critical Illness

• ARAG Legal Services

• Norton LifeLock

• Nine paid holidays, plus two floating holidays

• Above and Beyond Reward Recognition Program

  • Kudos & Shout Out Points Program

  • Quarterly Above and Beyond Bonus Program

  • Annual Above and Beyond Bonus Program

• Competitive compensation

  • Base compensation

  • Salary Management Spot Bonuses

  • Annual Incentive/Profit sharing program, potential payout annually based on company results.

• Discount partnerships

  • Gym memberships, credit union, travel, shopping, restaurants, theme parks, and more

• Insurance Educational reimbursement and bonus programs

• Employee Referral Bonus Program

• Home and Auto Insurance Discount Program.

• Paid Volunteer Time – Through company planned community events and choose your own adventure PVT in giving back in ways that are meaningful to you!

• Retirement savings benefit (401k and Roth + match)

• Health & Financial Wellness

  • Wellness platform, tools and events

  • Health Savings Account – match

  • Financial Wellness Resources

Work Environment

This is a hybrid-eligible position, where Monday through Wednesday would be working in one of our offices, with Thursday and Friday eligible for work-from-home days. Office locations include: Phoenix (AZ), Roseville (CA), Reno (NV).

Job Overview

The Capital Allocation Analyst assists the Capital Allocation & Financial Analysis Manager in supporting the organization’s strategic decisions by providing advanced financial modeling, data analysis, and actionable insights. This role collaborates cross-functionally to enhance the precision of financial models ensuring projects align with business objectives to optimize capital allocation. They will collaborate with finance, operations, and strategy teams to ensure financial resources are deployed effectively, supporting long-term profitability and shareholder value.

Responsibilities

• Build and interpret complex financial models, including net present value (NPV), internal rate of return (IRR), payback period, and return on capital calculations.
• Develop financial models to assess investment opportunities, risk-adjusted returns, and strategic business cases.
• Apply capital budgeting principles and corporate finance knowledge to evaluate capital investment opportunities.
• Review and validate financial assumptions, ensuring accuracy in calculations and reporting.
• Work closely with different departments (e.g., actuarial, claims, finance, operations, strategy, and senior leadership) to ensure capital is allocated in alignment with company objectives.
• Support monitoring and tracking the financial performance of approved projects, identifying areas for improvement and optimization.
• Provide data-driven insights and recommendations to enhance decision-making related to capital investments.
• Support the preparation of presentations and reports summarizing investment analysis for executive leadership and stakeholders.
• Maintain up-to-date knowledge of corporate finance, accounting principles, and investment appraisal methodologies.
• Candidates must be authorized to work in the United States without the need for current or future visa sponsorship.

Job description is not prescriptive, but rather a guide as to the duties and responsibilities you will have, however it is not limited to the listed above.

Requirements

Education & Experience

• Bachelor’s degree in Finance, Accounting, Economics, or a related field required (MBA or CFA preferred).
• 2+ years of experience in financial analysis, capital allocation, corporate finance, or related roles.

Financial & Analytical Skills:

• Advanced financial modeling and valuation techniques, including NPV, IRR, and discounted cash flow (DCF) analysis.
• Strong understanding of capital allocation, corporate finance, and investment appraisal methodologies.
• Ability to assess risk-adjusted returns and scenario analysis to support decision-making.

Technical & Tools Proficiency:

• Proficiency in Microsoft Excel (including VBA, macros, and complex formulas), PowerPoint, and financial reporting tools.
• Experience with financial planning software, business intelligence tools (e.g., Power BI, Tableau), and ERP systems.

Business & Strategic Acumen:

• Understanding of key financial statements, cost of capital, and capital budgeting processes.
• Ability to align financial strategy with corporate objectives and identify value creation opportunities.
• Experience in capital-intensive industries, financial services, or strategic finance roles is a plus.

Collaboration & Leadership:

• Strong ability to work cross-functionally with finance, operations, and senior leadership to drive capital allocation decisions.
• Excellent communication skills for presenting financial insights to both technical and non-technical audiences.

Problem-Solving & Decision-Making:

• Strong critical thinking skills to evaluate investments and improve financial performance.
• Ability to identify financial risks, propose mitigation strategies, and optimize resource allocation.