Director, Captive Insurance & Risk Solutions

Director, Captive Insurance & Risk Solutions page is loaded## Director, Captive Insurance & Risk Solutions locations:
Detroit, MItime type:
Full time posted on:
Posted 3 Days Agojob requisition :
R7273
** Job Summary**:

Responsible for the day-to-day coordination of the operations of Cayman Islands and Michigan captive insurance companies. The Director of Captive Insurance and Risk Solutions will assist in the development of new lines of insurance for the captives and collaborate with the Vice President, Enterprise Risk Management and leaders of the operating companies on all issues related to captive administration, operations, and development.

In addition, the Director of Captive Insurance and Risk Solutions will be responsible for researching topics, as requested, and take the lead on new initiatives and opportunities for the captive insurance companies.

This position will deal with highly sensitive and confidential information. Absolute discretion and confidentiality are required.
*
* Key Responsibilities:

*** Development and execution of strategic and tactical plans for new and expanding insurance programs.
* Act as the captive insurance subject matter expert and advise internal teams on potential risks and coverage requirements.
* Work with the operating companies on monthly reports, identifying program status and proposed structural changes based on cost of insurance through various metrics.
* Develop business proposals and case studies for presentation to senior leadership.
* Coordinate with outside service providers to determine feasibility and implementation of new insurance programs.
* Responsible for budgets, forecasts, and financial reports, including the analysis of the captive program’s financial performance.
* Assist with annual audits, government filings, and board meetings preparation as needed.
* Perform other duties as assigned.
** Required

Knowledge, Skills and Abilities:

*** Bachelor’s degree in business, risk management, insurance, healthcare, or relevant discipline required. Master’s degree preferred.
* Minimum of seven years of risk management and insurance experience, preferably with a self-insured organization. Underwriting experience is preferred. Minimum of seven years’ management experience.
* Expert knowledge and skills in various lines of insurance including property and casualty, life, health, and reinsurance.
* Must be highly confidential and display strong judgment. Experience handling sensitive and/or confidential financial information and maintaining ongoing confidentiality. Required to interact and to effectively communicate with operating companies, as required.
* Computer proficiency with Microsoft Office software, with expertise in Excel and PowerPoint.
* Evidence of highly developed analytical and problem-solving skills and proven ability to gather, analyze and resolve problems in a timely manner.
* Demonstrated attention to detail, thoroughness and accuracy when completing work and concern for all areas of the task or situation.
* Evidence of highly developed communication skills with ability to communicate complex financial and insurance data to a non-technical audience.
* Evidence of flexibility and ability to adapt to changing priorities and ability to multi-task, managing several concurrent priorities.
* Must demonstrate professional demeanor and business etiquette in all interactions.
* Position requires signature of a confidentiality and non-compete agreement.
** Preferred

Knowledge, Skills and Abilities:

*** Previous experience with a captive insurance company holding multiple lines of business.
*
* Working Conditions:

*** Hybrid work environment.
* Works in a normal office environment where there is no discomfort due to temperature, noise, dust and the like.

The physical demands and work environment characteristics described here are representative of those a colleague encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

The above is intended to describe the essential job functions, the general supplemental functions and the essential requirements for the…