Program Manager

Captive-Resource; Itasca (IL); Hybrid; USD 91,000 - 112,000; Full time

Benefits offered by this job

Medical, dental, vision plans

401(k) plan with matching

Life and AD&D insurance

Short-term and long-term disability

Job summary

Captive-Resource in Itasca, IL is seeking a Program Manager to oversee daily operations for captive programs and handle most technical aspects. You will collaborate with Captive Executives and Business Development on renewals, ensuring documentation and proposals stay current.

Required are a bachelor’s degree and at least five years in insurance or related fields, with strong MS Office skills and the ability to present complex topics clearly in both one-on-one and group settings.

Qualifications

• Bachelor’s degree or equivalency in a related discipline.
• Minimum of five (5) years of experience in the insurance industry or related role.
• Strong MS Office skills and ability to interpret technical information.

Responsibilities

• Oversee day-to-day operations of assigned captive programs.
• Prepare and submit documentation for underwriting renewals and captive reviews.
• Coordinate with Captive Executives and Business Development on renewals.
• Address premium reconciliation and ensure documentation is up to date.
• Present captive program details in group settings and one-on-one meetings.

Skills

Team-based collaboration

Microsoft Office

Strong communication

Technical aptitude

Presenting technical topics

Culture alignment

Education

Bachelor’s Degree or equivalency in a related discipline

Job description

Hybrid - Corporate Office
Itasca, IL 60143, USA

• Pay or shift range: $91,487 USD to $112,000 USD
  The estimated range is the budgeted amount for this position. Final offers are based on various factors, including skill set, experience, location, qualifications and other job-related reasons. Our benefits include medical, dental, vision, Rx, 401(k), life and AD&D, short-term and long-term disability, and more. Please visit our website for more information.

Description

PM oversees day-to-day operations for their assigned captive(s). They can handle most of the technical aspects of assigned captive(s).

EDUCATION AND EXPERIENCE:

• Bachelor’s Degree or equivalency in a related discipline
• Minimum of five (5) years of experience in the insurance industry or experience relevant to the role

SKILLS/COMPETENCIES REQUIREMENTS:

• Team-based skills
  • Collaboration – communicating effectively with Captive Executive & Business Development Executive team to assure alignment on new business and renewal activities
• Strong technical aptitude including a high proficiency in Microsoft Office
• Understand company required information systems
• Excellent written and verbal communication skills
• Ability to assess their understanding of technical topics and seek appropriate support for deeper understanding
• Visible support and commitment to a positive business culture
• Comfortable with presenting technical information in one-on-one conversations as well as larger group settings
• Commitment to company values

ESSENTIAL DUTIES AND RESPONSIBILITIES: The PM may execute some or all the duties outlined in the APM role. In addition, responsibilities include:

• Demonstrate an understanding of the captive program formula and risk sharing allocation
• Oversee and/or prepare and submit documentation to underwrite renewal business, new business, board book and captive reviews
• Accountable to ensure all documentation for captive program is up to date and aligned with Board of Directors directives (proposals, slide shows, renewal books, etc.)
• Oversee day-to-day operations of the assigned captive(s) at the Captive Executives’ direction including oversight of work prepared by the Associate PM
• Address any past due premium collections and any unreconciled matters from the premium reconciliation with captive domicile manager
• Assist in the development of other program management team members by sharing captive and technical knowledge
• Assist with special projects
• Comfortable engaging one-on-one with members and brokers to discuss captive program details
• Ability to present captive program details in a group setting

TRAVEL: Domestic and International travel may be required. This includes compliance with all U.S., local country, and transportation carrier travel requirements.

Equal Opportunity Employer
This employer is required to notify all applicants of their rights pursuant to federal employment laws.For further information, please review the Know Your Rights notice from the Department of Labor.