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Captive Insurance Manager Jobs in Chicago, IL (NOW HIRING)

Invenergy LLC

Manager, Insurance (Captive)

Chicago, IL · On-site

The Manager, Insurance will be responsible for overseeing the captive insurance program. This person will be the SME for the captive insurance program here at Invenergy. Responsibilities: * Support ...

Invenergy

Manager, Insurance (Captive)

Chicago, IL

The Manager, Insurance will be responsible for overseeing the captive insurance program. This person will be the SME for the captive insurance program here at Invenergy. Responsibilities: * Support ...

Sargent & Lundy

Insurance Manager

Chicago, IL · Hybrid

$136K/yr

Manage and administer Sargent & Lundy's business insurance program on a day-to-day basis. * Work ... Experience with captive insurance programs * Professional designations such as CPCU, CRIS, ARM ...

Sargent & Lundy

Insurance Manager

Chicago, IL · On-site

$136K/yr

Manage and administer Sargent & Lundy's business insurance program on a day-to-day basis. * Work ... Experience with captive insurance programs * Professional designations such as CPCU, CRIS, ARM ...

Sargent & Lundy

Insurance Manager

Chicago, IL · Hybrid

$136K/yr

Manage and administer Sargent & Lundy's business insurance program on a day-to-day basis. * Work ... Experience with captive insurance programs * Professional designations such as CPCU, CRIS, ARM ...

New

Captive Resources

Associate Underwriter

Itasca, IL · On-site

$75K - $90K/hr

Experience working with captive insurance companies, fronting carriers, MGAs or alternative risk ... Support underwriting through management of policy-level transactions across casualty lines of ...

Captive Resources

AVP/VP, Captive Executive

Itasca, IL

$110K - $150K/hr

Deep knowledge in Commercial Property and Casualty Insurance specifically Workers Compensation ... Establish and manage annual budgets. * Contribute to semi-annual board meetings. * Outstanding ...

Captive Resources

AVP/VP, Captive Executive

Itasca, IL · On-site

Deep knowledge in Commercial Property and Casualty Insurance specifically Workers Compensation ... Establish and manage annual budgets. * Contribute to semi-annual board meetings. * Outstanding ...

Gallagher

Senior Financial Analyst

Rolling Meadows, IL

$86K - $107K/yr

Lead in the financial management of group captive insurance companies. * Perform financial analysis on behalf of clients, and provide consultation to clients around analytical findings. * Establish ...

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All JobsCaptive Insurance JobsCaptive Insurance Manager JobsCaptive Insurance Manager Jobs in Chicago, IL

Captive Insurance Manager information

See Chicago, IL salary details

$38.6K

$85.3K

$126.2K

How much do captive insurance manager jobs pay per year?

As of Aug 8, 2026, the average yearly pay for captive insurance manager in Chicago, IL is $85,294.00, according to ZipRecruiter salary data. Most workers in this role earn between $68,500.00 and $102,000.00 per year, depending on experience, location, and employer.

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

To thrive as a Captive Insurance Manager, you need a solid understanding of insurance principles, risk management, regulatory compliance, and finance, typically supported by a bachelor’s degree in business, finance, or a related field. Familiarity with captive management software, data analysis tools, and industry certifications such as the Associate in Captive Insurance (ACI) or Chartered Property Casualty Underwriter (CPCU) is valuable. Strong organizational skills, attention to detail, effective communication, and the ability to build client relationships set successful managers apart. These competencies help ensure the effective administration of captive insurance programs, compliance with regulations, and delivery of tailored solutions to clients.

Who are the largest captive insurance managers?

The largest captive insurance managers include companies like Marsh Captive Solutions, Aon Captive & Insurance Management, and Willis Towers Watson. These firms offer specialized management services for captive insurance companies, often requiring certifications and experience in risk management and insurance operations.

What is a captive insurance manager?

A Captive Insurance Manager oversees the operation and compliance of a captive insurance company, which is a subsidiary created by a parent company to insure its own risks. Their responsibilities include financial management, regulatory compliance, policy issuance, and claims oversight. They work closely with regulators, auditors, and actuaries to ensure the captive remains solvent and compliant. Additionally, they analyze risk exposure and recommend strategies to optimize coverage and financial efficiency.

What are the typical career advancement opportunities for a captive insurance manager?

Captive Insurance Managers can progress in their careers by moving into senior management roles, such as Director of Captive Operations or Chief Risk Officer, especially within larger insurance or risk management firms. Many also transition into specialized consulting, regulatory positions, or broader roles in corporate risk management, expanding their influence and expertise. As the captive insurance industry grows, there are increasing opportunities to manage larger portfolios, lead teams, and help shape company strategy. Pursuing additional professional certifications and building a strong network within the industry can further enhance advancement prospects.

What are the most commonly searched types of Captive Insurance jobs in Chicago, IL? The most popular types of Captive Insurance jobs in Chicago, IL are:
What are popular job titles related to Captive Insurance Manager jobs in Chicago, IL? For Captive Insurance Manager jobs in Chicago, IL, the most frequently searched job titles are:
What job categories do people searching Captive Insurance Manager jobs in Chicago, IL look for? The top searched job categories for Captive Insurance Manager jobs in Chicago, IL are:
What cities near Chicago, IL are hiring for Captive Insurance Manager jobs? Cities near Chicago, IL with the most Captive Insurance Manager job openings:
Captive Insurance Manager jobs near you
Infographic showing various Captive Insurance Manager job openings in Chicago, IL as of August 2026, with employment types broken down into 96% Full Time, and 4% Contract. Highlights an 73% In-person, 6% Hybrid, and 21% Remote job distribution, with an average salary of $85,294 per year, or $41 per hour.

Manager, Insurance (Captive)

Invenergy LLC

Chicago, IL • On-site

Full-time

Medical, Dental, Vision, Retirement, PTO

Re-posted 29 days ago

Invenergy rating

9.1

Company rating: 9.1 out of 10

Based on 9 frontline employees who took The Breakroom Quiz

Job description

Invenergy is North America's largest privately held developer, owner, and operator of power infrastructure. With 25 years of trusted execution, we deliver reliable, affordable energy through a diverse portfolio that includes natural gas, solar, land-based wind, energy storage, transmission, and domestic manufacturing. Headquartered in Chicago, we develop, own, and operate large scale projects that power communities and support the energy future.
This position will be open for application for at least 3 calendar days from the posting date. This position will remain open for application based on business need, which may be before or after the 3-day posting window.
Job Description
Position Overview:
The Manager, Insurance will be responsible for overseeing the captive insurance program. This person will be the SME for the captive insurance program here at Invenergy.
Responsibilities:
  • Support Vice President, Insurance, with all aspects of the captive insurance requirements of an energy portfolio.
  • Work collaboratively with brokers, reinsurers, and tax/legal counsel to develop and evaluate insurance products, policy terms and conditions, as well as evaluate written coverage to outgoing/ceded reinsurance.
  • Support development of business plans and pro forma financial statements. Maintain financial and operational records.
  • Provide regulatory, insurance, risk management, underwriting expertise, and administrative captive management support.
  • Coordinate new placements and renewal efforts with brokers, consultants, insurers and Invenergy's insurance team.
  • Oversee timely and efficient management of insurance and reinsurance documentation.
  • Oversee premiums billing and manage collateral requirements.
  • Provide claims support.
  • Manage communication with state regulators for changes to the insurance program/business plan.
  • Support the preparation for an participate in board meetings.

Basic Qualifications
  • Bachelor's degree in insurance, risk management or other relevant majors
  • 5+ years of working insurance or risk management industry experience
  • Eligible to work in the United States without the need for employer visa sponsorship now or in the future

Preferred Skills
  • Power and/or natural gas experience is preferred.
  • Other majors may be acceptable if supported by strong industry experience and insurance industry designations such as CPCU and ARM.
  • Working experience with setting up and operating captive insurance companies/cells.
  • Commercial Insurance experience including, Property, Casualty, Forced Outage, Capacity payments, parametric, tax and representations and warranties insurance is preferred.
  • Insurance or risk management designations.
  • Ability to communicate verbally and in writing in Spanish or Japanese is a strong asset.
  • Track record of being able to work reliably under tight timelines, experience training junior team members and propose, design and implement process improvements.
  • Strong analytical and problem-solving skills and good attention to details.
  • Exceptional organizational and time management skills to complete settlement responsibilities in accordance with internal and external deadlines.
  • Must be able to work independently with minimal oversight as well as in a team setting.
  • Exhibit effective written and oral communication skills, including email, Skype and Microsoft Teams video conferencing, phone, and in-person communications.
  • Must be a self-starting and motivated team player who is able to efficiently become skilled at new systems and effectively manage deadlines.

Base Pay
120,000.00 - 139,000.00 USD Annual
Bonus: 25% - 40%
The base pay range reflects the minimum and maximum target salary for the position. Invenergy considers a number of factors when determining base pay offers such as the scope and responsibilities of the position and the candidate's experience, education and skills.
In addition to base pay, the total annual compensation package may also include eligibility to participate in our bonus program(s) which are designed to reward individual and company performance. Your recruiter can share more about bonus eligibility for this position during the hiring process.
Invenergy offers a variety of other benefits including medical, dental and vision insurance, 401k, paid time off, etc.
Invenergy LLC is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to, among other things, race, color, religion, sex, sexual orientation, gender identity, national origin, age, status as a protected veteran, or disability.

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