Program Manager

Captive Resources, LLC; Itasca (IL); On-site; USD 90,000 - 130,000; Full time

Job summary

Captive Resources, LLC is seeking a Program Manager to oversee day-to-day operations for assigned captives, handling technical aspects and coordinating with Captive Executives on new business and renewals.

The role requires a Bachelor’s degree and at least five years in insurance, strong communication, and the ability to present complex information to individuals and groups. Domestic and international travel may be required.

Qualifications

• Bachelor’s degree or equivalency in a related discipline.
• Minimum of five years of experience in the insurance industry or experience relevant to the role.

Responsibilities

• 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.

Skills

Teamwork

Technical aptitude

MS Office

Information systems

Written communication

Verbal communication

Presentation

Travel readiness

Commitment to values

Education

Bachelor’s Degree or equivalency

5+ years experience in insurance

Tools

Microsoft Office

Job 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
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For further information, please review the Know Your Rights notice from the Department of Labor.