1

Director Captive Insurance Jobs in Silver Spring, MD

Captives Underwriter

Alexandria, VA · Hybrid

$124K - $199K/yr

The Captives Underwriter does not have any direct reports but is the client manager and is ... Experience with Captive insurance programs is desirable * Strong Excel and Math skills * Strong ...

Support the Director of Global Risk Financing in establishing the Corporate Risk Financing budget per the annual external insurance and Captive renewals. * Responsible for managing Corporate Risk ...

next page

Showing results 1-20

Director Captive Insurance information

See Silver Spring, MD salary details

$11.4K

$83.6K

$153.5K

How much do director captive insurance jobs pay per year?

As of Jul 28, 2026, the average yearly pay for director captive insurance in Silver Spring, MD is $83,596.00, according to ZipRecruiter salary data. Most workers in this role earn between $62,000.00 and $96,100.00 per year, depending on experience, location, and employer.

What are Director Captive Insurance roles and responsibilities?

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 primary challenges faced by a Director of 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?

AspectDirector Captive InsuranceUnderwriting Manager
CredentialsInsurance licenses, industry certificationsInsurance licenses, underwriting certifications
Work EnvironmentCorporate, captive insurance companiesInsurance companies, brokerage firms
Employer & Industry UsageCaptive insurance providers, risk management firmsInsurance 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 key skills and qualifications needed to thrive as a Director of Captive Insurance, and why are they important?

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 most commonly searched types of Captive Insurance jobs in Silver Spring, MD? The most popular types of Captive Insurance jobs in Silver Spring, MD are:
What job categories do people searching Director Captive Insurance jobs in Silver Spring, MD look for? The top searched job categories for Director Captive Insurance jobs in Silver Spring, MD are:
What cities near Silver Spring, MD are hiring for Director Captive Insurance jobs? Cities near Silver Spring, MD with the most Director Captive Insurance job openings:

Insurance Program Manager

DC Government Careers

Washington, DC • On-site

$127K - $177K/yr

Full-time

Posted 5 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.