Director of Alternative Capacity Finance and Operations

CRC Group•Charlotte, NC

1d•Onsite

About The Position

We are seeking an experienced insurance professional to lead financial and operational oversight across a reciprocal exchange, sidecars, and alternative capacity vehicles. This is a high-impact role for a leader who can bring structure, discipline, and transparency to complex risk-bearing platforms by establishing strong governance, effective controls, and clear operating frameworks while also helping business leaders better understand performance, risk, and opportunities across the portfolio. The ideal candidate brings deep experience in insurance financial operations, delegated authority environments, and alternative risk transfer structures, along with the judgment to identify risk, strengthen oversight, and translate data into actionable insights. This individual will play a key role in enhancing financial integrity, driving performance transparency, and building scalable control frameworks that not only support disciplined execution, but also improve decision-making, operational efficiency, and long-term value creation across multiple capacity platforms.

Requirements

Bachelor’s degree in Finance, Accounting, Business Administration, Risk Management, Insurance, or related field
5+ years of experience in insurance, reinsurance, delegated authority, program business, or alternative risk environments, ideally within a carrier, MGA, reciprocal exchange, or related specialty platform
Strong understanding of: Insurance operations and delegated authority models, Reinsurance structures and settlements, Alternative capital vehicles (sidecars, captives, fronting, third-party capital)
Experience in financial operations, reporting, reconciliations, and governance oversight, with the ability to translate complex data into clear insights and actionable recommendations
Working knowledge of statutory accounting principles and insurance financial reporting
Proven ability to operate cross-functionally across finance, underwriting, actuarial, compliance, and external stakeholders, influencing decisions and driving alignment in complex operating environments
Strong analytical, organizational, and project management capabilities, with sound judgment and a demonstrated ability to identify issues, prioritize actions, and improve performance
Advanced Excel and financial reporting tool proficiency, with the ability to build reporting and analysis that improve transparency and support decision-making

Nice To Haves

Experience with program business or specialty insurance operations, including environments where financial discipline, performance visibility, and operating consistency are critical
Exposure to alternative capital markets, ILS structures, or strategic reinsurance arrangements, with an understanding of how those structures influence governance, profitability, and growth
Track record of building governance frameworks or implementing operational control environments that improve transparency, accountability, and business performance
CPA, MBA, CPCU, ARe, or similar designation that strengthens financial, strategic, or industry expertise

Responsibilities

Design and implement governance frameworks and operational oversight processes that strengthen control, improve transparency, and support scalable execution across insurance capacity vehicles
Establish and monitor key controls related to delegated authority, financial reporting, and operational execution, while using those controls to surface trends, exceptions, and opportunities for improvement
Partner with legal, compliance, and regulatory teams to ensure adherence to regulatory, contractual, and reporting requirements
Coordinate audits, regulatory examinations, and third-party reviews
Oversee service-level agreements (SLAs) and delegated authority standards, ensuring compliance while improving partner performance, accountability, and operating consistency
Identify operational risks and drive mitigation strategies, process improvements, and control enhancements that reduce friction and strengthen business performance
Lead oversight of financial operations across reciprocal exchanges, sidecars, captives, and alternative capacity vehicles, ensuring disciplined execution and clear visibility into performance drivers
Monitor key financial and operational metrics, including: Premium flow and revenue recognition, Loss activity and reserve development, Reinsurance settlements and recoverables, Collateral and trust account balances, Expense allocations and profitability
Partner with accounting and finance teams to support monthly, quarterly, and annual close processes
Review and validate bordereaux, underwriting performance data, and program-level KPIs to identify emerging issues, improve reporting quality, and support timely decision-making
Develop and maintain reporting packages for senior leadership that translate financial and operational data into clear insights on performance, risk, and value creation opportunities
Oversee cash management processes, including trust account monitoring and reconciliations
Ensure operational alignment across MGAs, carriers, TPAs, reinsurers, and third-party administrators to strengthen execution, improve information flow, and support consistent performance
Partner with underwriting, actuarial, and finance leadership to evaluate portfolio performance, capital efficiency, and operational drivers that influence profitability and growth
Support onboarding and implementation of new programs, capacity structures, and strategic partnerships
Contribute to strategic planning related to alternative capital deployment and insurance program expansion by bringing a disciplined perspective on governance, operating readiness, and value creation
Provide financial and operational insights that help executive leadership assess performance, prioritize actions, and make informed strategic decisions
Lead or support initiatives focused on: Process automation, Reporting enhancements, Operational scalability