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Captive Insurance Jobs in Massachusetts (NOW HIRING)

Vrtx

Accounting Manager - Treasury

Boston, MA · Hybrid

$108K - $162K/yr

Insurance Accounting * Own accounting and close activities for captive insurance arrangements, including coordination with the outsourced service provider, ensuring accurate and timely accounting ...

The Hartford

Captives Underwriter

Boston, MA · 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 ...

Dana-Farber Cancer Institute

Strong Knowledge of self-insurance or captive insurance arrangements. * Ability to effectively evaluate and implement alternative risk-financing strategies that support the organization's broader ...

AIG

Associate Alternative Channels Broker Leader

Boston, MA · On-site

$83K - $104K/yr

... Captive relationships for the commercial business within NA Commercial Insurance with unique and measurableobjectivesin the programs/MGA, risk management, and commercial accounts market segments. The ...

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All JobsCaptive Insurance JobsCaptive Insurance Jobs in Massachusetts

Captive Insurance information

See Massachusetts salary details

$27.3K

$71K

$132.7K

How much do captive insurance jobs pay per year?

As of Aug 27, 2026, the average yearly pay for captive insurance in Massachusetts is $71,012.00, according to ZipRecruiter salary data. Most workers in this role earn between $48,600.00 and $84,100.00 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 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 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 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 most commonly searched types of Captive Insurance jobs in Massachusetts?

The most popular types of Captive Insurance jobs in Massachusetts are:

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

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

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

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

Captive Insurance jobs near you
Infographic showing various Captive Insurance job openings in Massachusetts as of August 2026, with employment types broken down into 1% As Needed, 70% Full Time, 21% Part Time, 1% Temporary, 6% Contract, and 1% Nights. Highlights an 85% Physical, 1% Hybrid, and 14% Remote job distribution, with an average salary of $71,012 per year, or $34.1 per hour.

Claims Manager

BJ's Wholesale Club Holdings, Inc.

Marlborough, MA • On-site

Full-time

Medical, Dental, Vision, Retirement, PTO

Posted 8 days ago

BJ's Wholesale Club rating

6.0

Company rating: 6.0 out of 10

Based on 764 frontline employees who took The Breakroom Quiz

355th of 425 rated retail wholesalers

Job description

A World-Class Team
BJ's Wholesale Club is powered by more than 30,000 team members who make a real impact every day. Whether you're stocking shelves, solving problems or shaping strategy, your work helps families save on what matters most.
We're a team built on purpose and opportunity. Join us and be part of something meaningful.
Why You'll Love Working at BJ's
At BJ's Wholesale Club, our team members are at the heart of everything we do. That's why we offer a comprehensive benefits package designed to support your health, well-being and future - both on and off the job. When you grow, we grow.
Here's just some of what you can look forward to:
  • Weekly Pay: Get paid every week so that you can manage your money on your terms.
  • Free BJ's Memberships: Enjoy a complimentary The Club Card Membership, plus a free Supplemental Membership for someone in your household.*
  • Generous Paid Time Off: Take the time you need with vacation, personal, sick days, holidays, bereavement, and jury duty leave.*
  • Flexible and Affordable Health Benefits: Choose from three medical plans, and access optional dental, vision, Health Savings Account (HSA), and flexible spending account options to fit your lifestyle.*
  • 401(k) Retirement Savings Plan: Build your financial future with a company match (available to team members 18 and older).*
  • Employee Stock Purchase Plan: Accumulate funds through after-tax payroll deductions that can be used to purchase shares of BJ's common stock at a 15% discount.*

*Eligibility requirements vary by position.
Reporting directly to the Director of Insurance and Risk Management, the Manager, will lead the Risk Management GL claim function. Responsibilities include effectively managing both the inhouse team and third party claims administrator to achieve optimal financial results; liaising with all external stakeholders including insurance carriers and outside counsel; accurately setting and monitoring the claim reserves; partnering with internal stakeholders to achieve risk management objectives; and proactively analyzing and monitoring best practices and new risk management initiatives to reduce claim severity and costs; and, as the Company stands up its captive insurance program, partnering with the captive manager to support the reporting, funding, and oversight of losses retained within the captive.
Major Tasks, Responsibilities, and Key Accountabilities:
  • Management of General Liability programs. Provide strategic guidance and oversee the third-party claims administrator as well as the inhouse team of professionals responsible for claims administration, litigation management and financial analysis.
  • Analysis of detailed loss information to proactively identify trends and optimize claim management.
  • Participates in the presentation of significant claims and developments to executive leadership twice annually for GL programs.
  • Conducts a review of the performance of third-party administrator(s) with respect to file reviews, best practice audits, service providers and claims action plans.
  • Serve as the Company's primary claims liaison to its captive insurer and captive manager, supporting the reporting, funding, and settlement of claims retained within the captive program as it is established and operationalized.
  • Oversee claims retained by the captive, ensuring the TPA correctly applies deductibles, retentions, and limits and that case reserves and loss data are accurate for the captive's reserving, funding, and Board reporting, in coordination with the captive manager and actuary.
  • Partner with the captive manager, actuaries, and auditors to set and monitor loss reserves for retained programs and support the presentation of captive claims results to the captive Board and executive leadership.

Qualifications:
  • Minimum 10+ years combined experience including management of a corporate risk department and/or large insurance carrier with retail claims experience.
  • Strong foundation in claims adjustment and TPA management, litigation management and risk control as well as legal issues.
  • Retail industry experience in a large, multistate company is strongly preferred.
  • Knowledge of Risk Management Information systems, database analytics, claims trends, methods for allocating risk management costs and setting of reserves for self-insured claims.
  • Proficiency in Windows office 365 (excel, Power point), LPMS, Via one or Riskonnect preferred.
  • Excellent communicator, strategic thinker, trainer, strong organizational skills and cross-functional collaborative team player.
  • Has in-depth knowledge in own discipline and basic knowledge of related disciplines.
  • Solves complex problems, takes a new perspective on existing solutions
  • Oral and written communication skills
  • Customer service and interpersonal skills
  • Time management skills
  • Working knowledge of captive insurance structures, fronting and reinsurance arrangements, collateral and escrow funding, and captive claims reporting a plus.

This is a hybrid role. Tuesday through Thursday are in-office days at BJ's Club Support Center in Marlborough, MA and Monday and Friday are remote days.
In accordance with the Pay Transparency requirements, the following represents a good faith estimate of the compensation range for this position. At BJ's Wholesale Club, we carefully consider a wide range of non-discriminatory factors when determining salary. Actual salaries will vary depending on factors including but not limited to location, education, experience, and qualifications. The pay range for this position is $103,000.00 - $131,500.00
We recognize the growing role of AI tools, including ChatGPT, and value familiarity with them. That said, we want to hear from your authentic self. Your application should reflect your own skills, experiences, and insights rather than AI-generated responses.

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