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Captive Insurance Company Jobs in Virginia (NOW HIRING)

KBR

Director, Risk Management

Arlington, VA

Captive Insurance Management: Direct the strategic management and governance of the captive insurance company, including regulatory compliance, financial performance, claims oversight, and reporting ...

The Hartford

Captives Underwriter

Alexandria, VA · Hybrid

$124K - $199K/yr

... company that goes well beyond coverages and policies. Working here means having every opportunity ... Experience with Captive insurance programs is desirable * Strong Excel and Math skills * Strong ...

Mars

Global Risk Financing Manager

Mclean, VA · On-site

... firm or insurance company.Experience should include (either directly or as part of a team ... Facilitate changes in captive directors and officers. Schedule and participate in annual captive ...

Casey Auto Group

Allstate Insurance

Newport News, VA · On-site

$88K/yr

... captive customer base * 100% Warm leads * No cold calling Benefits: * MEDICAL: HDHP & PPO * DENTAL & VISION INSURANCE * FSA / HSA / LPFSA * PRESCRIPTION DRUG COVERAGE * HEALTHJOY APP - COMPANY PAID ...

Casey Auto Group

Allstate Insurance

Newport News, VA

$88K/yr

... captive customer base * 100% Warm leads * No cold calling Benefits: * MEDICAL: HDHP & PPO * DENTAL & VISION INSURANCE * FSA / HSA / LPFSA * PRESCRIPTION DRUG COVERAGE * HEALTHJOY APP - COMPANY PAID ...

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Captive Insurance Company information

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.

What are popular job titles related to Captive Insurance Company jobs in Virginia?

For Captive Insurance Company jobs in Virginia, the most frequently searched job titles are:

What job categories do people searching Captive Insurance Company jobs in Virginia look for?

The top searched job categories for Captive Insurance Company jobs in Virginia are:

What cities in Virginia are hiring for Captive Insurance Company jobs?

Cities in Virginia with the most Captive Insurance Company job openings:

Captive Insurance Company jobs near you
Infographic showing various Captive Insurance Company job openings in Virginia as of August 2026, with employment types broken down into 1% As Needed, 71% Full Time, 23% Part Time, 4% Contract, and 1% Nights. Highlights an 94% Physical, 1% Hybrid, and 5% Remote job distribution.

Senior Manager, Risk Management

HITT Contracting, Inc.

Falls Church, VA • On-site

Full-time

Medical, Dental, Vision, Retirement

Re-posted 25 days ago

Job description

Every day, our team members do amazing things in pursuit of our shared purpose to build trust with our clients, partners, subcontractors, and teammates. No matter your background, education, or career path, if you share our vision to create extraordinary experiences, you belong at HITT.
Senior Manager, Risk Management
Job Description:
The Senior Manager, Insurance & Risk Management is a subject matter expert responsible for leading the Insurance & Risk Management function across HITT's family of operating companies. This role provides strategic vision and hands-on oversight for all insurance and risk management functions, with deep expertise in property & casualty (P&C) insurance, subcontractor default insurance (SDI), and surety.
The Senior Manager manages and optimizes enterprise-wide insurance programs including commercial property casualty as well as risk financing and captive insurance; oversees contractual risk transfer initiatives; and drives departmental initiatives. Reporting directly to the Vice President, Insurance & Risk Management, this role serves as a strategic business partner to both corporate and operational leadership across the organization.
The ideal candidate brings broad P&C expertise with strong construction industry acumen, is comfortable leading technical discussions with carriers, brokers, and legal counsel, and is a passionate advocate for sound risk management. This role demands sharp analytical skills, excellent communication skills, and a high degree of ownership and accountability. This role manages a team of insurance professionals and contributes to the organization as a subject-matter expert.
Responsibilities
Insurance Program Management
  • Maintain and optimize enterprise-wide P&C insurance programs including general liability, workers' compensation, auto, property, umbrella, professional liability, pollution liability, cyber, management liability, and builder's risk across all HITT operating companies (general contracting, self-perform construction, manufacturing, and logistics).
  • Lead the annual insurance renewal process, including market negotiations, coverage analysis and enhancements, and program design.
  • Negotiate terms and pricing with carriers and brokers to optimize coverage and cost-effectiveness.
  • Manage and optimize relationships with insurance carriers, brokers, loss control consultants, and legal counsel.

Surety
  • Oversee and manage surety bonding programs and relationships.
  • Develop and maintain broker and surety relationships to support bonding capacity and terms aligned with HITT's project pipeline.

Captive Management
  • Serve as liaison with the organization's captive manager, overseeing day-to-day administration, ensuring timely completion of regulatory filings, financial reporting, and compliance requirements across all licensed jurisdictions.
  • Coordinate annual captive renewal process with the captive manager, including actuarial studies, feasibility analyses, loss reserve reviews, and premium calculations, while monitoring captive performance against funding and risk retention goals.
  • Collaborate with the captive manager, auditors, and regulators to support annual audits, board meetings, and strategic planning initiatives, providing recommendations on captive structure, coverage lines, and capital adequacy.

Risk Management Strategy & Governance
  • Develop and implement comprehensive, enterprise-wide risk mitigation strategies across diverse operational environments.
  • Establish and enforce risk management policies, procedures, and processes; advocate for organization-wide engagement in risk management activities.
  • Review, interpret, and advise on construction contract insurance and surety requirements.
  • Collaborate with operations, safety leadership, and other departments on risk management and emergency response matters.
  • Serve as insurance and surety strategic liaison to all operating companies.

Financial Management & Reporting
  • Manage the departmental budget and control insurance program costs.
  • Execute financial modeling, reconciliation, and reporting for all insurance programs.
  • Develop and implement strategies, policies, and procedures for insurance cost recovery.
  • Oversee internal insurance and risk management reporting for HITT and captive insurance company.
  • Analyze claims trends to identify root causes, implement corrective actions, and provide periodic reporting to leadership.
  • Provide periodic reporting to the Board of Directors on risk management trends and program performance.

Qualifications
Education
  • Bachelor's degree in Risk Management, Business, Finance, Economics, Safety, or a related field preferred; equivalent work experience accepted in lieu of degree.
  • Professional designations (CPCU, ARM, CRM) and/or active P&C license preferred.

Experience
  • 7+ years of progressive insurance and risk management experience, with specific expertise in construction, manufacturing, or logistics industries.
  • Demonstrated expertise in property & casualty insurance program design, placement, and management.
  • Proven experience with surety bonding programs and carrier/broker relationship management.
  • Experience with loss-sensitive and fronted casualty insurance programs.
  • Familiarity with liability, property, and workers' compensation claims handling practices.

Skills & Competencies
  • Ability to read, interpret, and apply complex insurance policy language.
  • Comfortable with construction contract insurance requirements, surety review, interpretation, and drafting.
  • Strong data analytics skills; proficiency in Microsoft Excel, including large data set management, charting, and drawing actionable conclusions.
  • Exceptional written and verbal communication skills, with the ability to distill complex insurance concepts for varied audiences, including executive leadership.
  • Project management mindset: able to manage multiple concurrent projects, teams, deliverables, and deadlines.
  • Solution-focused critical thinker who considers varied perspectives and drives decisions with accountability and ownership.
  • Strong organizational and analytical skills with a keen eye for detail.

Location
This role is based at HITT's headquarters in Falls Church, VA and reports in-office a minimum of four (4) days per week.
In accordance with Virginia Senate Bill 215 (SB 215), the base salary range for this position is:
$115,000.00 - $165,000.00
Compensation in other cities and states may vary. HITT Contracting offers a competitive total benefits and compensation package including performance-based bonuses, premium health care coverage including vision and dental, employer-matched 401(k), wellness reimbursement program, paid holidays and time-off, and other voluntary benefits and leave types. The determination of salary is based on the candidate's individual professional experience, qualifications, education, skills, and training.
HITT Contracting is an equal opportunity employer. We are committed to hiring and developing the most qualified individuals based on job-related experience, skills, and merit. All employment decisions are made without regard to race, color, religion, sex, national origin, age, disability, veteran status, or any other protected characteristic. We value a respectful, inclusive workplace where everyone has the opportunity to succeed. HITT Contracting maintains a drug-free workplace, consistent with applicable local, state, and federal laws.

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