... in direct alignment with client operations. * Develops trusted partnerships with key insurance ... captive structure is preferred. * Preferred industry specialization, such as Construction, Healt ...
... in direct alignment with client operations. * Develops trusted partnerships with key insurance ... captive structure is preferred. * Preferred industry specialization, such as Construction, Healt ...
... in direct alignment with client operations. * Develops trusted partnerships with key insurance ... captive structure is preferred. * Preferred industry specialization, such as Construction, Healt ...
... in direct alignment with client operations. * Develops trusted partnerships with key insurance ... captive structure is preferred. * Preferred industry specialization, such as Construction, Healt ...
... in direct alignment with client operations. * Develops trusted partnerships with key insurance ... captive structure is preferred. * Preferred industry specialization, such as Construction, Healt ...
... in direct alignment with client operations. * Develops trusted partnerships with key insurance ... captive structure is preferred. * Preferred industry specialization, such as Construction, Healt ...
Director Captive Insurance information
What are the roles and responsibilities of a director captive insurance?
A Director of Captive Insurance oversees the management and operation of a captive insurance company, which is an insurance company established by a parent firm to insure its own risks. Their responsibilities include regulatory compliance, financial oversight, risk assessment, and ensuring the efficient administration of the captive. They also interact with regulators, auditors, and company leadership to ensure the captive meets its intended goals and adheres to legal requirements. Additionally, they may help design insurance programs and analyze loss trends to optimize risk management strategies.
What are the key skills and qualifications needed to thrive as a director captive insurance?
To thrive as a Director of Captive Insurance, you need expertise in risk management, insurance regulations, and financial analysis, often backed by a bachelor's degree in finance, business, or a related field. Familiarity with insurance management systems, captive insurance software, and relevant certifications like ARM (Associate in Risk Management) or CPCU (Chartered Property Casualty Underwriter) is highly valued. Strong leadership, strategic thinking, and effective communication skills are essential for managing teams and collaborating with stakeholders. These skills are critical for effectively overseeing captive operations, ensuring regulatory compliance, and optimizing risk financing strategies.
What are the primary challenges faced by a director captive insurance when managing compliance across multiple jurisdictions?
A Director of Captive Insurance often faces the challenge of navigating complex and constantly evolving regulatory requirements that differ across jurisdictions. Staying compliant involves regularly monitoring changes in laws, maintaining thorough documentation, and coordinating with legal and compliance teams to ensure all filings and reporting deadlines are met. This role requires strong attention to detail, proactive communication with regulators, and the ability to adapt quickly to new compliance landscapes. Collaborating with external advisors and leveraging technology can help streamline these processes and mitigate risks.
What is the difference between Director Captive Insurance vs Underwriting Manager?
| Aspect | Director Captive Insurance | Underwriting Manager |
|---|---|---|
| Credentials | Insurance licenses, industry certifications | Insurance licenses, underwriting certifications |
| Work Environment | Corporate, captive insurance companies | Insurance companies, brokerage firms |
| Employer & Industry Usage | Captive insurance providers, risk management firms | Insurance carriers, brokerage firms |
The main difference is that a Director Captive Insurance oversees the management of captive insurance entities, focusing on risk retention strategies, while an Underwriting Manager handles the assessment and pricing of insurance policies within traditional insurance companies. Both roles require industry licenses and work within the insurance sector, but their focus areas and responsibilities differ significantly.
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 are popular job titles related to Director Captive Insurance jobs in Washington?
For Director Captive Insurance jobs in Washington, the most frequently searched job titles are:
What job categories do people searching Director Captive Insurance jobs in Washington look for?
The top searched job categories for Director Captive Insurance jobs in Washington are:
- Commercial Insurance Account Manager
- Intern Cayman Islands Accounting
- Commercial Lines Assistant Account Manager
- Insurance Commission Manager
- Salaried Insurance Agency Bookkeeper
- Cyber Insurance Broker
- Executive Mga Insurance
- Internship Barbados
- Fulltime Insurance Account Manager
- Accounting Manager Insurance
What cities in Washington are hiring for Director Captive Insurance jobs?
Cities in Washington with the most Director Captive Insurance job openings:
$100K/yr
Full-time
Re-posted 18 days ago
Job description
POSITION SUMMARY:
- The Associate Commercial Risk Client Executive is responsible for the assisting management and service of complex commercial accounts and functions at a strategic level to develop and retain consultative relationships with clients. He/she must also evaluate and educate clients on missing or newly available coverage options.
- Acquires and retains large, complex clients through a deep understanding of risk, risk mitigation, and insurance architecture and the ability to leverage and effectively communicate that knowledge in direct alignment with client operations.
- Develops trusted partnerships with key insurance company partners and broker representatives
- Leads internal discussions on client renewals including coverage comparisons, pricing comparisons, historical loss experience, and projected loss picks.
- Prepares complex submissions for the marketplace, including loss picks, deductible stratification, endorsement requests, and exposure information.
- Assesses final audits to ensure accuracy between client and insurance company partner audit teams' identification of risk.
- Actively builds trusting relationships with clients, insurance company partners and brokers, and the firm's advisors, partners, and leaders through personal integrity and industry expertise.
- Shares deep insurance expertise with firm's advisors, account managers and other colleagues to advise, develop and train.
- Certification(s): None required; CPCU, CIC, CRM, or ARM preferred
- License(s): Maintains all licenses as required by the State Department of Insurance to provide service, consultation, and financial risk transfer solutions in states where the firm functions or be willing and able to obtain all required licenses within the first 90 days of employment required; Maintains all licenses as required by the State Department of Insurance to provide service, consultation, and financial risk transfer solutions in states where the firm functions or be willing and able to obtain all required licenses within the first 90 days of employment preferred
- Excellent verbal and written communication skills that inspire loyalty and commitment from others.
- Ability to analyze complex risk exposures, existing insurance coverages, and develop and communicate appropriate recommendations for clients and prospects through risk mapping.
- Exceptional technical knowledge of insurance coverage, contracts, insurance market conditions and carrier underwriting appetites with ability to adjust strategy to protect future interests.
- Experience in reviewing, placing, and negotiating loss sensitive casualty and workers compensation placements including captive structure is preferred.
- Preferred industry specialization, such as Construction, Healthcare, Manufacturing, Wholesale Trade, Transportation, Retail Trade, Real Estate, Services, etc.
- Makes sound judgements and decisions based on objective analysis and multiple perspectives.
- Demonstrates the organization's core values, exuding behavior that is aligned with the firm's culture
- Intermediate to advanced knowledge of Microsoft Office Suite (Word, Excel, PowerPoint, Outlook)
- Ability to learn any other appropriate program or software system used by the firm as necessary
- None
- Fast paced multi-tasking environment
- This position description is intended to describe the level of work required of the person performing in the role and is not a contract. The essential responsibilities are outlined; other duties may be assigned as needs arise or as required to support the organization. All requirements may be subject to reasonable accommodations to applicants and colleagues who need them for medical or religious reasons.
- BRP is an equal employment opportunity firm and strives to comply with all laws prohibiting discrimination based on race, color, religion, age, sex (including sexual orientation and gender identity), national origin or ancestry, disability, military status, marital status, and any other category protected by federal, state, or local laws. All such discrimination is unlawful, and all persons involved in the operations of the firm are prohibited from engaging in this conduct.
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The Baldwin Group will not accept unsolicited resumes from any source other than directly from a candidate who applies on our career site. Any unsolicited resumes sent to The Baldwin Group, including unsolicited resumes sent via any source from an Agency, will not be considered and are not subject to any fees for any placement resulting from the receipt of an unsolicited resume.