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Captive Insurance Company Jobs in Iowa (NOW HIRING)

Innovative Captive Strategies

AI Engineer

Waukee, IA · On-site

Innovative Captive Strategies (ICS) is a leader in creating and managing captive insurance programs ... Company paid continuing Education & Tuition Reimbursement - We support those who want to develop ...

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All JobsCaptive Insurance Company JobsCaptive Insurance Company Jobs in Iowa

Captive Insurance Company information

See Iowa salary details

$23.5K

$61.1K

$114.1K

How much do captive insurance company jobs pay per year?

As of Sep 3, 2026, the average yearly pay for captive insurance company in Iowa is $61,073.00, according to ZipRecruiter salary data. Most workers in this role earn between $41,800.00 and $72,300.00 per year, depending on experience, location, and employer.

What is a captive insurance company?

A captive insurance company is a type of insurance company that is wholly owned and controlled by its insureds. Its primary purpose is to insure the risks of its owners, and its insureds benefit from the captive insurer's underwriting profits. Captives are often formed by businesses to better manage their risks, reduce insurance costs, and gain more control over their insurance programs. They can be established in various domiciles, both onshore and offshore, depending on regulatory and tax considerations.

What are the key skills and qualifications needed to thrive as a captive insurance company manager?

To thrive as a Captive Insurance Company Manager, you need expertise in insurance regulations, risk management, financial analysis, and typically a relevant degree such as in finance, accounting, or business, along with industry certifications like ACI or CPCU. Familiarity with risk management software, accounting systems, and compliance platforms is crucial for daily operations. Strong leadership, analytical thinking, and excellent communication skills help navigate complex regulatory environments and build relationships with clients and regulators. These competencies ensure the company operates efficiently, maintains compliance, and delivers value to stakeholders in a highly specialized insurance sector.

What are some common challenges faced when working in a captive insurance company, and how are they typically addressed?

Professionals in captive insurance companies often encounter challenges such as navigating complex regulatory environments, ensuring compliance across multiple jurisdictions, and balancing the unique needs of parent organizations with sound risk management practices. Addressing these challenges requires a solid understanding of insurance regulations, proactive communication with regulators, and close collaboration with legal and finance teams. Many captive professionals also participate in industry associations and continuing education to stay updated on evolving best practices and regulatory changes.

What is the difference between Captive Insurance Company vs Insurance Underwriter?

AspectCaptive Insurance CompanyInsurance Underwriter
CredentialsInsurance licenses, actuarial knowledge, business managementInsurance licenses, risk assessment, underwriting certifications
Work EnvironmentCorporate setting, insurance company offices, risk management teamsInsurance companies, brokerage firms, underwriting departments
Industry UsageUsed by corporations to self-insure risksEvaluates and prices insurance risks for clients

While both roles involve insurance, a Captive Insurance Company is a legal entity created to insure a company's own risks, focusing on risk management and corporate finance. An Insurance Underwriter assesses and prices risks for insurance policies, working within insurance companies or brokers. The two roles differ in scope: captives manage internal risk, whereas underwriters evaluate external risks for clients.

What does a captive insurance company do?

A captive insurance company is a specialized insurance entity created by a business to insure its own risks. It manages and finances claims internally, often reducing costs and providing tailored coverage, and requires knowledge of insurance regulations and risk management practices.
Captive Insurance Company jobs near you
Infographic showing various Captive Insurance Company job openings in Iowa as of August 2026, with employment types broken down into 1% As Needed, 69% Full Time, 26% Part Time, 3% Contract, and 1% Nights. Highlights an 94% Physical, 1% Hybrid, and 5% Remote job distribution, with an average salary of $61,073 per year, or $29.4 per hour.

Sr. Accountant - Captive Insurance

Innovative Captive Strategies

Waukee, IA

$71K - $89K/yr

Full-time

Medical, Dental, Vision, Retirement

Re-posted 6 days ago

Job description

Job Description:
Innovative Captive Strategies (ICS) is a premier captive insurance management and advisory firm dedicated to delivering customized, forward-thinking captive solutions. ICS combines deep technical expertise with an entrepreneurial mindset to help organizations better manage risk, enhance financial performance, and achieve long-term strategic objectives.
At ICS, we believe innovation, collaboration, and client-first thinking are the foundation of great captive programs.
The Sr. Accountant serves as a key leader within ICS, responsible for overseeing the strategic management, performance, and growth of complex captive insurance programs. This role partners closely with clients, regulators, service providers, and internal teams to ensure captives operate efficiently, compliantly, and in alignment with each client's evolving risk strategy. This position is ideal for an insurance accounting professional with deep experience in regulatory reporting, accounting oversight, and corporate compliance who enjoys applying their expertise in a consultative environment.
Key Responsibilities
  • Prepare and review captive financial statements
  • Provide accounting oversight and ensure regulatory and corporate compliance
  • Lead the day-to-day and long-term management of assigned captive insurance programs
  • Act as a strategic advisor to clients on captive design, optimization, and performance
  • Analyze and communicate financial results, including underwriting performance, surplus, reserves, and projections
  • Prepare and present board materials, financial reports, actuarial analyses, and business plans
  • Coordinate with actuaries, auditors, attorneys, fronting carriers, reinsurers, and regulators
  • Ensure compliance with captive domicile requirements and governance best practices
  • Identify opportunities for innovation, program enhancements, and captive growth strategies
  • Mentor and support captive team members, fostering development and collaboration
  • Participate in client board meetings and strategic planning discussions

Qualifications
  • Bachelor's degree in accounting, risk management, finance, insurance, business, or a related field
  • 7+ years of experience in captive insurance management or related risk consulting
  • Strong knowledge of captive structures, financial reporting, and regulatory requirements
  • Proven experience managing complex client relationships
  • Excellent communication, presentation, and organizational skills
  • Professional designations such as ACI, CPCU, ARM, CPA, or similar
  • Experience working with multiple captive domiciles

Why Join ICS?
  • Work with a nationally recognized captive consulting practice
  • Opportunity to manage sophisticated and innovative captive programs
  • Supportive, collaborative culture with access to Holmes Murphy's broader resources
  • Competitive compensation and comprehensive benefits
  • Flexible work environment and emphasis on professional growth

Here's a little bit about us:
At ICS, we take pride in creating a culture where employees can excel both professionally and personally. We believe in empowering our team to build trust through honest and caring actions, ensuring clear and constructive communication, establishing meaningful client relationships that support their unique potential, and contributing to the organization's success by effectively influencing and uplifting team members. Join us and be part of a company that values your growth, innovation, and vibrant energy.
Are you ready to make an impact? Apply today and be a part of the Holmes Murphy family!
Benefits: In addition to core benefits like health, dental and vision, also enjoy benefits such as:
  • Paid Parental Leave and supportive New Parent Benefits - We know being a working parent is hard, and we want to support our employees in this journey!
  • Company paid continuing Education & Tuition Reimbursement - We support those who want to develop and grow.
  • 401k Profit Sharing - Each year, Holmes Murphy makes a lump sum contribution to every full-time employee's 401k. This means, even if you're not in a position to set money aside for the future at any point in time, Holmes Murphy will do it on your behalf! We are forward-thinking and want to be sure your future is cared for.
  • Generous time off practices in addition to paid holidays - Yes, we actually encourage employees to use their time off, and they do. After all, you can't be at your best for our clients if you're not at your best for yourself first.
  • Supportive of community efforts with paid Volunteer time off and employee matching gifts to charities that are important to you - Through our Holmes Murphy Foundation, we offer several vehicles where you can make an impact and care for those around you.
  • DE&I programs - Holmes Murphy is committed to celebrating every employee's unique diversity, equity, and inclusion (DE&I) experience with us. Not only do we offer all employees a paid Diversity Day time off option, but we also have a Chief Diversity Officer on hand, as well as a DE&I project team, committee, and interest group. You will have the opportunity to take part in those if you wish!
  • Consistent merit increase and promotion opportunities - Annually, employees are reviewed for merit increases and promotion opportunities because we believe growth is important - not only with your financial wellbeing, but also your career wellbeing.
  • Discretionary bonus opportunity - Yes, there is an annual opportunity to make more money. Who doesn't love that?!

ICS is an Equal Opportunity Employer.
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