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Captive Insurance 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 ...

Captive Resources

Associate Underwriter

Itasca, IL · On-site

$75K - $90K/hr

Experience working with captive insurance companies, fronting carriers, MGAs or alternative risk structures (preferred) * Excellent written and verbal communication skills * Strong skills in ...

Captive Resources

AVP/VP, Captive Executive

Itasca, IL · On-site

The Assistant Vice President/Vice President, Captive Executive will execute business development ... Deep knowledge in Commercial Property and Casualty Insurance specifically Workers Compensation ...

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 ...

Gallagher

Financial Analyst

Rolling Meadows, IL · On-site

Responsibilities: • With supervision, assist in the financial management of group captive insurance companies. • Perform financial analysis on behalf of clients, and provide consultation to ...

Farnsworth Group

Finance Director

Lisle, IL · On-site

$175K - $215K/yr

The Finance Director plays a critical role in mergers and acquisitions, capital planning, captive insurance modeling, real estate financial management, and enterprise-wide budgeting and forecasting.

Farnsworth Group

Finance Director

Lisle, IL · On-site

The Finance Director plays a critical role in mergers and acquisitions, capital planning, captive insurance modeling, real estate financial management, and enterprise-wide budgeting and forecasting.

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Captive Insurance information

See Chicago, IL salary details

$25.8K

$67K

$125.2K

How much do captive insurance jobs pay per year?

As of Aug 7, 2026, the average yearly pay for captive insurance in Chicago, IL is $66,982.00, according to ZipRecruiter salary data. Most workers in this role earn between $45,800.00 and $79,300.00 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 Chicago, IL? The most popular types of Captive Insurance jobs in Chicago, IL are:
What are popular job titles related to Captive Insurance jobs in Chicago, IL? For Captive Insurance jobs in Chicago, IL, the most frequently searched job titles are:
What job categories do people searching Captive Insurance jobs in Chicago, IL look for? The top searched job categories for Captive Insurance jobs in Chicago, IL are:
Captive Insurance jobs near you
Infographic showing various Captive Insurance job openings in Chicago, IL as of August 2026, with employment types broken down into 1% As Needed, 74% Full Time, 20% Part Time, and 5% Contract. Highlights an 92% Physical, 1% Hybrid, and 7% Remote job distribution, with an average salary of $66,982 per year, or $32.2 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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