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Captive Insurance Jobs in Washington (NOW HIRING)

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

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

Support captive insurance programs through claims analytics, reserve oversight, funding recommendations, and executive reporting. Provide insights to inform retention, deductible, renewal, and risk ...

Support captive insurance programs through claims analytics, reserve oversight, funding recommendations, and executive reporting. * Provide insights to inform retention, deductible, renewal, and risk ...

Captives Underwriter

Alexandria, VA · 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 ...

Experience working within a captive insurance agency model. Background in insurance and financial services cross-selling. Benefits Base salary: $60,000-$75,000 annually. Commission structure on all ...

Experience working within a captive insurance agency model. Background in insurance and financial services cross-selling. Benefits Base salary: $60,000-$75,000 annually. Commission structure on all ...

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Showing results 1-20

Captive Insurance information

See Washington salary details

$28.3K

$73.6K

$137.6K

How much do captive insurance jobs pay per year?

As of Aug 16, 2026, the average yearly pay for captive insurance in Washington is $73,643.00, according to ZipRecruiter salary data. Most workers in this role earn between $50,400.00 and $87,200.00 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 Washington?

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

What cities in Washington are hiring for Captive Insurance jobs?

Cities in Washington with the most Captive Insurance job openings:

Infographic showing various Captive Insurance job openings in Washington as of August 2026, with employment types broken down into 1% As Needed, 72% Full Time, 21% Part Time, and 6% Contract. Highlights an 90% Physical, 1% Hybrid, and 9% Remote job distribution, with an average salary of $73,643 per year, or $35.4 per hour.

Insurance Program Manager

DC Government Careers

Washington, DC • On-site

$127K - $177K/yr

Full-time

Posted 25 days ago


Job description

Job Summary
This position will operate as the Captive Manager and is located in the Captive Insurance Agency ("the Captive"), which is overseen by the Office of Risk Management (ORM) in the Executive Office of the Mayor. Specific services provided by the Captive and ORM include supporting agencies with insurance inquiries, insuring qualifying District health centers, procuring commercial property, stand alone and nuclear terrorism insurance for the District, providing DC government agencies with letters of self-insurance, occupational safety and risk management analysis and support, and administering the District's public workers compensation and tort liability programs.
This position functions as Insurance Program Administrator and Captive Manager, responsible for administering and directing insurance programs, including overseeing the overall management of "the Captive," its budget, operation and handling of claims. Also, oversees the investigation and settlement of claims in compliance with regulations.
Duties and Responsibilities
Establishes and oversees procedures for the operation of the Captive, including payment of administrative expenses, claims processing and adjustments, dispute resolution, and tail coverage for participating health centers. Develops standards for premium subsidies, reinsurance participation, underwriting guidelines, and risk management requirements, and conducts audits to ensure compliance. Leads strategic planning by defining current and future business environments, setting performance metrics, and evaluating program effectiveness. Performs root cause analyses to identify opportunities for process improvements and drafts manuals and guides to formalize updated business practices.
Designs and conducts broad, complex management studies addressing evolving requirements, legislation, and overlapping functions, and proposes actionable management solutions. Develops and implements special projects, including strategies to track and execute recommendations. Provides expert guidance to the Mayor, City Administrator, ORM, and District agencies on insurance and risk programs, including related financial and legal matters impacting an $11 billion budget and approximately 35,000 employees. Prepares and disseminates clear written and verbal guidance on insurance policies and procedures, and analyzes reports from third-party administrators and the Office of the Chief Financial Officer to support informed recommendations.
Qualifications and Education
Specialized Experience: Specialized experience is experience which is directly related to the position and has equipped the individual with the knowledge, skills, and abilities to successfully perform the duties of the position. To be creditable, the incumbent must possess at least one (1) year of specialized experience equivalent to the next lower grade level in the normal line of progression.
Prior supervisory experience and an advanced degree (Master's or J.D.) in legal, finance, insurance, pubic or business administration or risk management is preferred.
Licenses and Certifications
None.
Work Conditions/Environment
The work is primarily sedentary and performed in an office setting.
Other Significant Facts
Next Screening Date: July 27, 2026
Tour of Duty: Monday - Friday; 8:30 am - 5:00 pm
Pay Plan, Series and Grade: MS-0301-15
Promotion Potential: No known promotion potential.
Duration of Appointment: Management Supervisory Service (MSS), At-Will. All positions and appointments in the Management Supervisory Service serve at the pleasure of the appointing authority and may be terminated at any time with or without cause.
Collective Bargaining Unit (Union): This position is not covered by a collective bargaining unit.
Position Designation: The position has been deemed Security-Sensitive. Accordingly, the incumbent will be subject to pre-employment checks (criminal background checks, consumer credit check, traffic record checks, if applicable) as a condition of employment, and will be subject to periodic criminal background checks for the duration of your tenure.
Emergency Designation: This position has been designated as Emergency. Employees occupying positions designated as Emergency are required to:
  • Provide advice, recommendations, and/or specific functional support necessary for the continuity of operations during a declared emergency.
  • Remain at their duty station, or alternate work location (approved by their supervisor), if activated, when a situation or condition occurs and results in early dismissal for nonessential/non-emergency employees.
  • Report to their duty station, when activated, on time and as scheduled when a situation or condition occurs during non-work hours, and results in the late arrival or closing of District government offices for non-essential/non-emergency employees.
  • Telework during a declared emergency, instead of remaining or reporting to his or her duty station, if directed by the agency head (or designee), supervisor or manager.
  • Carry or wear their official District government ID card during the period of the declared emergency, if not teleworking.
Residency Preference: When claiming residency preference, you are required, and must agree in writing, to maintain bona fide District residency for a period of seven (7) consecutive years from the effective date of employment. You will be required to present documents (proofs) to show District residency and failure to maintain bona-fide District residency for the seven-year (7-year) period will result in forfeiture of employment.
Residency Requirement: If the position you are applying for is in the Career, Management Supervisory, or Educational Service at an annual salary of one hundred fifty thousand dollars ($150,000) or more, you must establish residency in the District of Columbia within one hundred eighty (180) days of the effective date of the appointment and continue to maintain residency within the District of Columbia throughout the duration of the appointment.
EEO Statement: The District of Columbia Government does not discriminate or retaliate in employment on the basis of race, color, religion, sex, pregnancy, gender identity and expression, national origin, family responsibilities, political affiliation, sexual orientation, marital status, homeless status, disability, genetic information, age, membership in an employee organization, participation in a legally protected activity, parental status, matriculation, personal appearance, credit information, status as a victim or family member of a victim of domestic violence, sexual offense, or stalking, military service, or other non-merit factor.