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Captive Insurance Jobs in California (NOW HIRING)

SOLV Energy

Director, Risk Management

San Diego, CA · On-site

Alternative Risk Financing & Captive Development * Lead the feasibility analysis, design, and potential implementation of a captive insurance company or other alternative risk transfer vehicles.

ono

Accounting_Manager

Diamond Bar, CA

$120K - $140K/yr

Manage annual audits, prepare audit supporting schedule, review tax return and captive insurance. * Review lease agreement and manage deferred rent, lease liability and tenant allowance related to ...

SOLV Energy

Director, Risk Management

San Diego, CA

Lead the feasibility analysis, design, and potential implementation of a captive insurance company or other alternative risk transfer vehicles. * Evaluate self-insurance programs forappropriate ...

Ono Hawaiian BBQ

Accounting_Manager

Diamond Bar, CA · On-site

$120K - $140K/yr

Manage annual audits, prepare audit supporting schedule, review tax return and captive insurance. * Review lease agreement and manage deferred rent, lease liability and tenant allowance related to ...

ono

Accounting_Manager

Diamond Bar, CA

$120K - $140K/yr

Manage annual audits, prepare audit supporting schedule, review tax return and captive insurance. * Review lease agreement and manage deferred rent, lease liability and tenant allowance related to ...

ono

Accounting_Manager

Diamond Bar, CA · On-site

$120K - $140K/yr

Manage annual audits, prepare audit supporting schedule, review tax return and captive insurance. * Review lease agreement and manage deferred rent, lease liability and tenant allowance related to ...

ono

Accounting_Manager

Diamond Bar, CA

$120K - $140K/yr

Manage annual audits, prepare audit supporting schedule, review tax return and captive insurance. * Review lease agreement and manage deferred rent, lease liability and tenant allowance related to ...

ono

Accounting_Manager

Diamond Bar, CA

$120K - $140K/yr

Manage annual audits, prepare audit supporting schedule, review tax return and captive insurance. * Review lease agreement and manage deferred rent, lease liability and tenant allowance related to ...

Ono Hawaiian BBQ

Accounting Manager

Diamond Bar, CA · On-site

$120K - $140K/yr

Manage annual audits, prepare audit supporting schedule, review tax return, and captive insurance. * Review lease agreement and manage deferred rent, lease liability and tenant allowance related to ...

ono

Accounting_Manager

Diamond Bar, CA

$120K - $140K/yr

Manage annual audits, prepare audit supporting schedule, review tax return and captive insurance. * Review lease agreement and manage deferred rent, lease liability and tenant allowance related to ...

Strategic Risk Solutions

Sales Associate

San Francisco, CA · On-site +1

$95K - $115K/yr

Prior captive insurance experience is not required; willingness to learn the group captive model is expected. * Ability to travel for in-person broker, agency, prospect, and team meetings as required.

The Hartford

Captives Underwriter

Los Angeles, CA · Hybrid

$124K - $199K/yr

Experience with Captive insurance programs is desirable * Strong Excel and Math skills * Strong loss responsive or captive program and pricing knowledge * Strong coverage knowledge * Superior ...

The Hartford

Captives Underwriter

Walnut Creek, CA · Hybrid

$124K - $199K/yr

Experience with Captive insurance programs is desirable * Strong Excel and Math skills * Strong loss responsive or captive program and pricing knowledge * Strong coverage knowledge * Superior ...

Sutter Health

Director, Insurance Services

Sacramento, CA · On-site

$187K - $300K/yr

Partners with Sutter Health's captive insurance management and board to align strategic risk financing decisions, optimize coverage structures, and ensure governance and oversight of captive ...

Sutter Health

Director, Insurance Services

Emeryville, CA · On-site

$187K - $300K/yr

Partners with Sutter Health's captive insurance management and board to align strategic risk financing decisions, optimize coverage structures, and ensure governance and oversight of captive ...

The Hartford

Captives Underwriter

San Francisco, CA · Hybrid

$124K - $199K/yr

Experience with Captive insurance programs is desirable * Strong Excel and Math skills * Strong loss responsive or captive program and pricing knowledge * Strong coverage knowledge * Superior ...

Fence Factory

Manager of Risk and Safety

Oxnard, CA · Hybrid

$75K - $100K/yr

Captive Insurance Strategy : Fence Factory operates under a captive insurance structure. We will provide full training and mentorship on how captive programs work, how claims defense interacts with ...

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All JobsCaptive Insurance JobsCaptive Insurance Jobs in California

Captive Insurance information

See California salary details

$24.7K

$64.2K

$119.9K

How much do captive insurance jobs pay per year?

As of Aug 4, 2026, the average yearly pay for captive insurance in California is $64,170.00, according to ZipRecruiter salary data. Most workers in this role earn between $43,900.00 and $76,000.00 per year, depending on experience, location, and employer.

What is a captive insurance?

A Captive Insurance job involves managing and operating a captive insurance company, which is a subsidiary created by a parent company to insure its own risks. Professionals in this field handle regulatory compliance, risk assessment, underwriting, claims management, and financial reporting. They work closely with actuaries, legal teams, and financial officers to optimize coverage and minimize costs. These roles are commonly found in industries with significant risk exposure, such as healthcare, manufacturing, and transportation.

What does a captive insurance company do?

A captive insurance company is a specialized entity created by a parent organization to insure its own risks. It manages and finances claims, provides risk management solutions, and often requires knowledge of insurance regulations and financial analysis. Employees in this field typically need strong analytical skills and industry certifications such as CPCU or ARM.

What are the key skills and qualifications needed to thrive in captive insurance?

To thrive in Captive Insurance, you need strong analytical skills, a solid understanding of insurance principles, and relevant educational background in finance, business, or risk management. Familiarity with captive management software, regulatory compliance systems, and industry certifications such as ACI or CPCU is often expected. Excellent communication, client relationship management, and problem-solving abilities are valuable soft skills. These competencies are essential for effectively designing, administering, and optimizing captive insurance programs to meet clients' unique risk and financial objectives.

What are the typical daily responsibilities of a captive insurance professional?

In a Captive Insurance role, your daily responsibilities may include analyzing client risk profiles, structuring and managing captive insurance policies, ensuring regulatory compliance, and coordinating with clients, brokers, and regulators. You might also oversee claims processing, prepare financial statements, and participate in meetings to discuss strategy and performance of the captive program. Collaboration with underwriters, actuaries, and legal professionals is common, and you'll often be involved in continuous monitoring to optimize coverage and cost-effectiveness. This dynamic environment offers exposure to a range of industries and provides opportunities to develop deep expertise in alternative risk solutions.

What are the most commonly searched types of Captive Insurance jobs in California? The most popular types of Captive Insurance jobs in California are:
What are popular job titles related to Captive Insurance jobs in California? For Captive Insurance jobs in California, the most frequently searched job titles are:
What job categories do people searching Captive Insurance jobs in California look for? The top searched job categories for Captive Insurance jobs in California are:
What cities in California are hiring for Captive Insurance jobs? Cities in California with the most Captive Insurance job openings:
Captive Insurance jobs near you
Infographic showing various Captive Insurance job openings in California as of July 2026, with employment types broken down into 100% Full Time. Highlights an 100% In-person job distribution, with an average salary of $64,170 per year, or $30.9 per hour.

Director, Risk Management

SOLV Energy

San Diego, CA • On-site

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 6 days ago

SOLV Energy rating

7.3

Company rating: 7.3 out of 10

Based on 7 frontline employees who took The Breakroom Quiz

Job description

SOLV Energy is a leading provider of infrastructure services to the power industry, designing, building and maintaining utility scale solar, battery storage and high voltage substation projects nationwide.
Job Description Summary:
The Director of Risk Management provides strategic leadership and operational oversight for risk management activities across the organization. This position will serve as a trusted strategic advisor to executive leadership, offering independent risk assessments, program recommendations, and cross-functional guidance. The Director will play a pivotal role in evaluating and potentially establishing alternative risk financing mechanisms, including captive insurance structures and self-insurance programs, while also overseeing the successful expansion of the company's surety bonding program.
This role can be based full-time in our office in San Diego, CA, Denver, CO, Dallas, TX, or Edison, NJ. Specific location details and expectations will be discussed during the interview process.
Job Description:
*This job description reflects management's assignment of essential functions; it does not prescribe or restrict the tasks that may be assigned
Position Responsibilities and Duties:
Strategic Risk Leadership
  • Working with leadership, develop, implement, and continuously refine a comprehensive Enterprise Risk Management (ERM) framework aligned with company strategy and growth objectives.
  • Proactively present risk management recommendations, trend analyses, and program updates to executive leadership and the Board
  • Establish and track key risk indicators (KRIs) and present regular risk dashboards to senior management.

Insurance Program Management
  • Lead all aspects of annual insurance renewals across all lines of coverage, including General Liability, Workers' Compensation, Commercial Auto, Umbrella/Excess, Professional Liability, and Pollution Liability.
  • Manage Builders Risk policy placements, including project-specific and blanket programs, ensuring appropriate coverage terms and limits aligned with project scope and value.
  • Conduct and oversee insurance audits, ensuring accurate premium computation and resolving discrepancies with carriers.
  • Maintain strong relationships with brokers, underwriters, and carriers; actively market the company's risk profile to secure favorable terms and pricing.
  • Benchmark coverage, retentions, and premiums against industry peers and recommend program adjustments.

Alternative Risk Financing & Captive Development
  • Lead the feasibility analysis, design, and potential implementation of a captive insurance company or other alternative risk transfer vehicles.
  • Evaluate self-insurance programs for appropriate lines of coverage, including fronting arrangements, loss-sensitive programs, and funded retentions.
  • Partner with external advisors (actuaries, captive managers, legal counsel) to structure, domicile, and operate alternative risk financing programs.
  • Develop financial models to assess risk retention strategies and their impact on company cash flow and total cost of risk (TCOR).
  • Ensure regulatory compliance for all alternative risk structures, including captive licensing, reserve adequacy, and reporting requirements.

Claims Management
  • Oversee the end-to-end claims management process across all lines of coverage, ensuring timely reporting, investigation, and favorable resolution.
  • Collaborate with project teams, legal counsel, and third-party administrators (TPAs) to manage complex or litigated claims effectively.
  • Analyze claims data to identify trends, root causes, and systemic exposures; use findings to drive loss prevention initiatives.
  • Establish reserves and monitor claim development against projections; report significant claim activity to senior leadership.
  • Manage relationships with defense counsel and monitor litigation spend and strategy.

Contract Risk Review
  • Review and negotiate risk-related provisions across all contract types the company executes, including construction owner contracts and subcontracts, supplier and vendor agreements, equipment leases, joint ventures, and professional service agreements.
  • Review risk and insurance provisions in real estate transactions, including property acquisitions, dispositions, ground leases, and development agreements; ensure appropriate property, environmental, and liability coverage is in place at all stages of ownership and development.

Surety Bond Program Management
  • Oversee the company's surety bonding program, including the management of bid bonds, performance bonds, and payment bonds across all active projects.
  • Monitor aggregate bonding capacity and provide leadership with forward-looking analyses of bonding availability relative to backlog and growth plans.
  • Maintain and strengthen relationships with surety underwriters; proactively manage the company's surety credit profile.
  • Coordinate with finance and operations to provide sureties with timely financial and operational updates
  • Negotiate favorable bond terms, rates, and collateral requirements.

Safety & Fleet Partnership - Loss Reduction
  • Serve as a strategic partner to the Safety department with a shared and explicit mandate to reduce both the frequency and severity of losses across all lines - including Workers' Compensation, General Liability, and auto/fleet exposures. Translate claims data and loss trends into actionable safety program priorities and field initiatives.
  • Establish regular cadence with Safety leadership to review open claims, incident patterns, high-severity exposures, and near-miss data; jointly develop loss prevention programs targeting the most significant contributors to claim frequency and cost.
  • Partner closely with Fleet management to oversee auto liability and physical damage exposures; collaborate on driver qualification standards, telematics programs, vehicle maintenance protocols, and accident response procedures to measurably reduce fleet claim frequency and severity.
  • Present joint Risk/Safety loss analyses to senior leadership on a regular basis, including lagging indicators (claim counts, incurred costs, experience modification rates) and leading indicators (near-miss rates, safety audit scores, training completion) with trend commentary and recommended interventions.
  • Quantify the financial impact of safety and fleet loss reduction initiatives on insurance program costs, experience modification factors, and total cost of risk; use this data to build the internal business case for loss prevention investment.

Cross-Functional Collaboration & Risk Culture
  • Serve as a proactive risk resource embedded across all business functions, including preconstruction, field operations, Safety, Fleet, finance, legal, and human resources - anticipated and present at the table before decisions are made, not consulted after the fact.
  • Educate and train project managers, superintendents, and other stakeholders on risk management best practices, insurance obligations, and loss prevention.
  • Champion a risk-aware culture throughout the organization by making risk management practical and accessible at all levels.
  • Coordinate with the Finance & Accounting teams on risk-related financial reporting, reserve adequacy, and total cost of risk analysis.

Minimum Skills or Experience Requirements:
Education
  • Bachelor's degree required in Risk Management, Insurance, Finance, Business Administration, or a related field.
  • Master's degree (MBA or MS in Risk Management) strongly preferred.

Experience
  • Minimum of 15 years of progressive risk management experience, with at least 5 years in the construction industry or a closely related sector preferred.
  • Demonstrated experience managing commercial insurance programs in excess of $500 million in insured value or revenues.
  • Hands-on experience with alternative risk financing, captive insurance programs, or large deductible/self-insurance structures preferred.
  • Experience managing surety programs for a general contractor, specialty contractor, or construction manager.
  • Proven track record of claims oversight and cost containment across multiple lines of coverage.
  • Experience negotiating contracts and providing risk-related legal guidance in collaboration with counsel.

Licenses & Certifications
  • Certified Risk Manager (CRM) or Associate in Risk Management (ARM) designation preferred
  • Chartered Property Casualty Underwriter (CPCU) designation preferred.
  • Associate in Captive Insurance (ACI) or similar designation a plus.

Skills & Competencies
  • Strategic Thinking: Ability to anticipate risk exposures before they materialize and translate complex risk concepts into actionable business recommendations.
  • Executive Communication: Skilled at presenting risk topics to non-technical audiences, including Boards and C-suite leadership, with clarity and credibility.
  • Financial Acumen: Proficient in total cost of risk modeling, actuarial concepts, reserve analysis, and the financial mechanics of captive and self-insurance structures.
  • Construction Knowledge: Deep familiarity with construction operations, project delivery methods (GC, CM-at-Risk, Design-Build), and the associated risk environment.
  • Negotiation: Effective negotiator with carriers, brokers, sureties, and counterparties on contracts and risk terms.
  • Cross-Functional Leadership: Demonstrated ability to influence without direct authority across departments and project teams.
  • Technology: Proficiency with risk management information systems (RMIS), claims management platforms, and data analytics tools.

Applicants must be legally authorized to work in the U.S. without requiring employer sponsorship now or in the future.
SOLV Energy Is an Equal Opportunity Employer
At SOLV Energy we celebrate the power of our differences. We are committed to building diverse, equitable, and inclusive workplaces that improve our communities. SOLV Energy prohibits discrimination and harassment of any kind against an employee or applicant based on race, color, age, religion, sex, sexual orientation, gender identity or expression, marital status, national origin, or ethnicity, mental or physical disability, veteran status, parental status, or any other characteristic protected by law.
Benefits:
Employees (and their families) are eligible for medical, dental, vision, basic life and disability insurance. Employees can enroll in our company's 401(k) plan and are provided vacation, sick and holiday pay.
Compensation Range:
$169,482.00 - $203,378.00
Pay Rate Type:
Salary
SOLV Energy does not accept unsolicited candidate introductions, referrals or resumes from third-party recruiters or staffing agencies. We require all third-party recruiters to communicate exclusively with our internal talent acquisition team. SOLV Energy will not pay a placement fee to any third-party recruiter or agency that has not coordinated their recruiting activity with the appropriate member of our internal talent acquisition team.
In addition, candidate introductions or resumes can only be submitted to our internal talent acquisition recruiting team if a signed vendor agreement is already on file and the third-party recruiter or agency has received formal instructions from our internal talent acquisition team to submit candidates for a particular job posting.
Any unsolicited candidate introductions, referrals or resumes sent by third-party recruiters to SOLV Energy or directly to any of our employees, or received through our website or career portal, will be considered property of SOLV Energy and will not be eligible for a placement fee. In the event a third-party recruiter submits a resume or refers a candidate without a previously signed vendor agreement, SOLV Energy explicitly reserves the right to pursue and hire the candidate(s) without financial liability to such third-party recruiter.
Job Number: J13661
If you're interested in a meaningful career with a brighter future, join the SOLV Energy Team.

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