2

Remote Captive Insurance Jobs in Ohio (NOW HIRING)

Remote Captive Insurance information

What are the key skills and qualifications needed to thrive as a Remote Captive Insurance Professional, and why are they important?

To thrive as a Remote Captive Insurance Professional, you need a deep understanding of insurance principles, risk management, and compliance, often supported by a degree in finance, business, or insurance and relevant industry certifications. Familiarity with captive insurance management software, regulatory compliance systems, and data analysis tools is typically required. Strong analytical thinking, attention to detail, and effective communication are essential soft skills for building client relationships and managing complex insurance structures remotely. These skills ensure regulatory adherence, optimal risk solutions, and successful client outcomes in a specialized and evolving insurance sector.

How much commission do captive insurance agents make?

Captive insurance agents typically earn commissions based on the premiums they sell, often ranging from 10% to 20% of the policy's premium. Their income can vary depending on sales volume, experience, and the specific insurance company they represent, with some agents also earning bonuses or incentives for meeting sales targets.

Why do so many insurance agents quit?

Insurance agents, including those in remote captive insurance roles, often quit due to high competition, income instability, and the need for strong sales skills. Job satisfaction can also be affected by commission-based pay structures and the pressure to meet sales targets, leading to burnout and turnover.

What is the best insurance company to work for remotely?

For remote roles in captive insurance, companies like The Hartford, Chubb, and AIG are known for offering remote work opportunities and supportive environments. These companies often provide flexible schedules, industry certifications, and digital collaboration tools to support remote employees.

What is the difference between Remote Captive Insurance vs Remote Insurance Underwriter?

AspectRemote Captive InsuranceRemote Insurance Underwriter
CredentialsInsurance licenses, actuarial or risk management certificationsInsurance licenses, underwriting certifications
Work EnvironmentCorporate or consulting firms, remote options commonInsurance companies, remote or office-based roles
Industry UsageSpecializes in creating and managing captive insurance companiesEvaluates and prices insurance risks for clients

Remote Captive Insurance professionals focus on establishing and managing captive insurance entities, often requiring risk management expertise and industry-specific licenses. Remote Insurance Underwriters assess risks and determine policy terms, also needing insurance credentials. While both roles operate remotely and within the insurance industry, their core functions differ: one manages captive entities, the other underwrites policies.

What are some common challenges faced by professionals working in remote captive insurance roles?

Professionals in remote captive insurance positions often encounter challenges related to communication and collaboration, as much of the work involves coordinating with underwriters, actuaries, and clients across different locations and time zones. Staying updated on regulatory changes and maintaining compliance can also be demanding, given the highly specialized and evolving nature of captive insurance. Additionally, remote roles require strong self-discipline and proactive time management to meet deadlines and ensure high-quality service without in-person supervision.

What is a Remote Captive Insurance professional?

A Remote Captive Insurance professional is someone who manages or administers captive insurance companies while working remotely, typically from home or any location outside a traditional office. Captive insurance refers to an insurance company created by a parent company to insure its own risks. These professionals handle tasks such as compliance, underwriting, claims processing, and reporting via digital communication tools. The remote aspect allows for flexibility and often requires strong self-management and technological skills. Remote captive insurance roles are increasingly common as the insurance industry adapts to more flexible work arrangements.

How much do remote insurance jobs pay?

Remote captive insurance jobs typically offer salaries ranging from $60,000 to $120,000 annually, depending on experience, role, and location. Positions such as underwriters, claims analysts, and risk managers with relevant certifications and skills in insurance and risk management tend to be higher paying. Compensation can also include benefits like bonuses and remote work allowances.
What are the most commonly searched types of Captive Insurance jobs in Ohio? The most popular types of Captive Insurance jobs in Ohio are:
What cities in Ohio are hiring for Remote Captive Insurance jobs? Cities in Ohio with the most Remote Captive Insurance job openings:

Managing Director - Captive Insurance Banking

Huntington

Columbus, OH โ€ข On-site, Remote

$125K - $255K/yr

Other

Medical, Life, Retirement, PTO

Posted 10 days ago


Job description

Description The Managing Director, Captive Insurance Banking, is part of the Global Specialty Products team. This role focuses on business development and client relationship management in the captive insurance space. The Director will pursue new client relationships, deepen existing client relationships, work with internal referral sources such as corporate bankers and build relationships with key external referral sources and other market constituents through consultative selling and introductions to appropriate bank partners, primarily in the letter of credit division, trust department and treasury management organization.

Duties and Responsibilities: Critical focus on pursuing and winning new client relationships in the Captive Insurance Banking space, consistent with target market criteria and risk tolerance. Manage a portfolio of Captive Insurance Banking clients with the responsibility of deepening the client relationship, identifying additional partnership opportunities. Lead team of cross functional colleagues in collaborative pre-call planning sessions resulting in robust client interactions.

Maintains an updated qualified prospect list that aligns with the risk profile of the bank. Maintains pipeline and proactively works to close opportunities. Ability to identify and mitigate credit risks, make recommendations on appropriate credit structure, and effectively articulate bank recommendations to clients and prospective clients.

Responsible for ensuring the optimization of all customer relationships which entails developing revenue growth through generation and cross selling of all applicable bank products. Provides senior leadership and mentorship to junior team. Basic Qualifications: Bachelor's Degree or 4 or more years equivalent experience in accounting, finance or a related field 7 or more years' experience in Captive Insurance Banking or Captive Insurance industry in general.

5 or more years' experience of developing deep relationships across the Captive Insurance industry. 5 or more years' experience of subject matter expertise in the Captive Insurance Industry. 5 or more demonstrated years of proficiency with Microsoft Office products Preferred Qualifications: Master of Business Administration Degree Formal credit training and commercial banking underwriting experience.

Ability and willingness to become proficient with critical proprietary systems. Ability to analyze captive and reinsurer credit profiles and make recommendations on letters of credit facility structures. Knowledge of captive insurance standby letter of credit facilities, reinsurance trusts and general treasury management a depository products.

Strong written and verbal communication and negotiation skill set. #LI-MK Exempt Status: (Yes = not eligible for overtime pay) (No = eligible for overtime pay) Yes Workplace Type: Office Our Approach to Office Workplace Type Certain positions outside our branch network may be eligible for a flexible work arrangement. We're combining the best of both worlds: in-office and work from home.

Our approach enables our teams to deepen connections, maintain a strong community, and do their best work. Remote roles will also have the opportunity to come together in our offices for moments that matter. Specific work arrangements will be provided by the hiring team.

Compensation Range: $125,000.00 - $255,000.00 Annual Salary The compensation range represents the anticipated low and high end of the base compensation range for this position. Actual compensation will vary based on various factors including but not limited to location, experience, and education. Colleagues in this position are also eligible to participate in an applicable incentive compensation plan

In addition, Huntington provides a variety of benefits to colleagues, including health insurance coverage, wellness program, life and disability insurance, retirement savings plan, paid leave programs, paid holidays and paid time off (PTO). Huntington is an Equal Opportunity Employer. Tobacco-Free Hiring Practice: Visit Huntington's Career Web Site for more details.

Note to Agency Recruiters: Huntington will not pay a fee for any placement resulting from the receipt of an unsolicited resume. All unsolicited resumes sent to any Huntington colleagues, directly or indirectly, will be considered Huntington property. Recruiting agencies must have a valid, written and fully executed Master Service Agreement and Statement of Work for consideration.

Apply