Risk Insurance Captive Analyst - Senior

Cummins • Indianapolis, IN

6d

About The Position

The Risk Insurance Captive Analyst supports captive insurance operations and the risk management team by partnering with captive administrators, actuaries, and consultants. The role provides technical analysis and support on financial transactions and claims, and contributes to captive financial reporting and governance activities.

The analyst supports domestic and international insurance programs across multiple lines, prepares complex financial analyses and reports, and coordinates captive financial activities such as monthly and year-end reporting, investments, taxes, and service-level agreements. The position also supports renewals, premium cessions, cash management, actuarial loss studies, claim reviews, and analysis of large property and casualty claims. It facilitates captive governance meetings and manages financial transactions and communications for acquired group captive and run-off insurance programs.

Requirements

• A college, university, or equivalent degree in Finance, Accounting, Treasury, or an insurance-related field.
• Intermediate-level relevant professional work experience in the field of study.
• Ability to analyze financial data, trends, variances, risks, and opportunities, and communicate conclusions to stakeholders.
• Knowledge of insurance and claims processes and the exposure data needed to support insurance placements and mitigation efforts.
• Ability to support captive operations, reporting, governance, and regulatory requirements.

Nice To Haves

• 3–5 years of experience in risk management, insurance, brokerage, finance, or captive management.
• Professional certification such as ARM, CPCU, CPA, CCI, ACI, or similar.
• Project management, communication, and collaboration skills.

Responsibilities

• Provide analytical support for domestic and international insurance programs, including property, marine, general liability, professional liability, crime, auto, products liability, and employers liability.
• Prepare complex and interpretive financial analyses and reports.
• Coordinate captive financial activities, including monthly and year-end financial reports, investments, taxes, and captive service-level agreements.
• Monitor insurance renewal progress and premium cessions by line in coordination with Global Risk Managers.
• Perform cash management, including approval of payments.
• Coordinate the collection and review of line-of-coverage data for actuarial loss studies supporting policy renewals and budget determinations.
• Participate in claim review and analysis, including monthly captive insurance company reporting and quarterly large-claim reviews with the Claims team and third-party claims administrator.
• Analyze and oversee large property and casualty claims; perform claim trend analysis and monitoring.
• Prepare and facilitate captive meetings, including the annual Board of Directors meeting in Vermont, quarterly Advisory Committee meetings, and quarterly finance reviews.
• Manage financial transactions for acquired group captive insurance programs and run-off insurance programs.
• Manage internal communications and track and monitor the third-party captive administrator.
• Support management of the captive insurance company, insurance program renewals, and certain claim activities.
• Comply with captive regulatory requirements and support captive operations, reporting, governance, and financial analysis.
• Interpret actuarial studies and loss history to support renewal decisions and loss mitigation.

What This Job Offers

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