Captive Implementation Manager

One80 Intermediaries • Sparks, MD

12d • Onsite

About The Position

The Captive Implementation Manager (CIM) is responsible for assigned new business implementations and managing select renewal activities that require review and approval from the Department of Insurance. The CIM serves as the project manager of these new implementations and certain renewal functions. The CIM will work independently and oversee key functions within the Captive Implementation Department pertaining to their assigned new implementation cases and select renewals. This position requires critical thinking, effective communication, and organization. The CIM must be creative and enjoy working within an entrepreneurial environment that is mission-driven, results-driven and community oriented. The ideal individual will be organized and able to maintain a realistic balance among multiple priorities, can exercise good judgment in a variety of situations and demonstrate strong written and verbal communication skills. The CIM is responsible for executing activities tied to new business implementation and designated regulatory renewals and must demonstrate the ability to operate efficiently in high‑pressure, fast‑paced conditions.

Requirements

• 5+ years in the insurance for financial services industry
• Strong organizational skills that reflect ability to perform and prioritize multiple tasks seamlessly with excellent diligence
• Strong interpersonal skills and the ability to build and maintain relationships with clients, advisors, service providers and peers
• Works well under deadline driven situations and in high-pressure environments.
• Accomplished in Microsoft Word, Excel, Adobe PDF, and project tracking tools

Nice To Haves

• Captive insurance experience a plus

Responsibilities

• Project manage new captive business implementations and certain renewal functions, maintaining communication throughout the course of the process to meet client and broker expectations
• Lead the implementation process for new captive insurance entities from up front engagement to regulatory approval and formal closing
• Understand the regulatory requirements to ensure timely and accurate submissions to the Departments of Insurance
• Operate as the lead point of contact for client questions and matters throughout the onboarding process
• Provide case-based communication to external service providers, cross-functional team members, and clients to ensure day-to-day tasks necessary to drive case completion are managed as part of the implementation critical path.
• Prepare, circulate and follow up on captive-specific technical insurance documents
• Review documents in detail to confirm accuracy and completion
• Communicate and clarify technical regulatory requirements to clients and brokers, when needed.
• Prepare and submit prospective client captive insurance licensing application packages to Departments of Insurance
• Manage captive application process to ensure all material requirements are satisfied
• Understand when a notification or amendment is required for submission to the Department of Insurance for renewal clients and be able to communicate requirements to prepare for regulatory submission
• Prepare and submit renewal notifications and amendments to the Departments of Insurance, when necessary
• Maintain case tracking databases and client files
• Complete various projects assigned

Benefits

• Comprehensive risk management advice, insurance and reinsurance placement for property & casualty, employee benefits, private client services, as well as consulting services and financial & wealth solutions.
• Access to all major insurance markets.
• Named a Great Place to Work, Best Places to Work in Insurance, and on the Inc. 5000 list as one of America’s Fastest Growing Private Companies.
• Commitment to Environmental, Social, and Governance issues.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: No Education Listed