Captive Manager

Panasonic • Newark, NJ

4d • $125,000 - $135,000

About The Position

Panasonic North America is seeking a Corporate Captive Manager to join the Panasonic Risk Management Department. This role is ideal for a strategic risk financing professional with expertise in captive insurance management and a track record of operating in a complex, multinational environment. The Corporate Captive Manager is responsible for the effective operation, compliance, and strategic management of Panasonic Corporation of North America’s captive insurance program(s), with a focus on maximizing risk mitigation, cost efficiency, and regulatory compliance. The role includes oversight of day‑to‑day captive operations and close collaboration with internal business partners and external service providers, including Captive Management Company. Panasonic Corporation of North America’s Risk Management function supports more than 50 Panasonic companies across the United States, Canada, and Mexico. This position plays a critical role in aligning captive governance and risk financing strategies across the enterprise.

Requirements

• Demonstrate the ability to think independently, exercise sound judgment.
• Identify emerging and existing risk issues affecting the captive; assess alternative insurance and risk financing approaches; analyze trade‑offs; and recommend practical, well‑reasoned solutions aligned with business objectives and risk appetite.
• Operate effectively in a dynamic, multi‑stakeholder environment requiring the ability to manage multiple priorities concurrently, respond to changing business conditions.
• Minimum of seven (7) years of progressive experience in insurance, risk management, captive insurance, or insurance accounting roles, and a Bachelor’s degree in accounting, finance, management, business, or a related field.
• Demonstrated ability to review and interpret financial statements, premium and claims invoices, and actuarial analyses.
• Proficiency in Microsoft Word, Excel, PowerPoint, and Teams.
• Strong written and verbal communication skills with the ability to convey complex information clearly and effectively.
• Collaborate with a broad range of internal stakeholders, including but not limited to Human Resources, Legal, and Finance.
• Build and maintain strong, effective working relationships across all levels of the organization and with external partners to ensure smooth captive operations and effective oversight.

Nice To Haves

• Experience with Risk Management Information Systems (RMIS) preferred.

Responsibilities

• Provide strategic leadership and day‑to-day oversight of the captive insurance program, ensuring robust governance, regulatory compliance, and ongoing audit readiness, while leveraging a third‑party captive management company for execution.
• Serve as the designated internal owner of the captive, maintaining ultimate accountability for captive performance, risk alignment, and compliance outcomes.
• RMIS (Risk Management Information System) – Exposure Data
• Learn, and effectively use the RMIS to manage, validate, and analyze exposure data supporting captive underwriting, pricing, financial reporting, regulatory disclosures, actuarial reviews, loss forecasting, capital adequacy assessments, audits, and regulatory reviews.
• Premium Funding & Cash Flow Coordination
• Coordinate and oversee the billing and funding of insurance premiums into the captive, working with Finance, and the Captive Management Company to ensure premiums are calculated correctly, invoiced timely, and funded in accordance with approved schedules.
• Ensure premium funding processes align with captive business plans, and internal controls.
• Claims Recovery & Payment Oversight
• Oversee the recovery of claim payments from the captive, coordinating with the Captive Management Company, and Finance to ensure claims are funded or reimbursed by the captive in a timely and accurate manner.
• Reconcile claims paid and reimbursed, investigating variances and ensuring consistency across TPA reports, captive financial statements, and RMIS data.
• Third‑Party Captive Manager Oversight
• Manage and oversee the relationship with the third‑party Captive Management Company and other external service providers (actuarial, audit, tax, claims administrators).
• Review deliverables for quality, accuracy, timeliness, and alignment with agreed scope of services; escalate and remediate performance issues as needed.
• Financial Oversight & Performance Management
• Oversee the captive’s financial performance, including review of financial statements, budgets, forecasts, cash flow, capital adequacy, and funding activities.
• Coordinate with the captive manager, actuaries, and finance teams to review premium levels, loss reserves, surplus adequacy.
• Ensure timely delivery of monthly, quarterly, and annual financial reports to support accurate period close.
• Regulatory & Compliance Oversight
• Ensure compliance with all applicable domicile, tax, and regulatory requirements in coordination with the captive management company.
• Act as the primary internal liaison for regulatory examinations, audits, and inquiries, supported by the captive manager and external advisors.
• Policy, Documentation
• Review, validate and maintain captive policies, endorsements, binders, and renewals for accuracy, completeness, and alignment with approved underwriting intent.
• Internal Stakeholder Engagement
• Act as the primary internal and external point of contact for all captive‑related matters.
• Partner with internal stakeholders (Finance, Treasury, Tax, HR, Legal, Risk Management, and business units) to explain captive mechanics, data requirements, and financial impacts.
• Translate captive into clear, actionable insights for senior leadership.
• Strategic Development & Optimization
• Partner with the captive management company on feasibility studies, program expansion, and optimization initiatives, supported by historical exposure and loss data maintained in RMIS.
• Monitor industry trends, regulatory developments, and best practices in captive insurance, risk financing, and risk information management.
• Committee Support
• Facilitate captive board and committee meetings, including agenda development, materials review, meeting documentation, and follow‑up on action items.

Benefits

• Health Benefits – Offering medical, dental, vision, prescription plans, plus Health Savings Account and Flexible Spending Account options.
• Voluntary Benefits – Life, accident, critical illness, disability, legal, identity theft, and pet insurance.
• Panasonic Retirement Savings & Investment Plan (PRSIP) – 401(k) plan with company matching contributions and immediate vesting.
• Paid Time-Off Benefits – Vacation, holidays, personal days, sick leave, volunteer, and parental & caregiver leave.
• Educational Assistance – Tuition reimbursement for job-related courses after six months of service.
• Health Management and Wellbeing Programs –Lifestyle Spending Account, EAP, virtual health management, chronic condition, neurodiversity, tobacco cessation, substance abuse support, and life stage and fertility resources. Available to eligible employees starting the first day of the month following your start date. Eligibility for each benefit may vary based on employment status, location, and length of service.
• Employee Recognition Program - High5 employee recognition and awards platform, quarterly and annual employee recognition
• Annual Bonus Program - Opportunity for an annual performance-based bonus.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level