Strategic Director, Self-Insurance & Captive Operations

Banner Health; Phoenix, Northern (AZ, KY); Hybrid; USD 180,000 - 240,000; Full time

Job summary

Banner Health, a major nonprofit health system, seeks a Director of Self‑Insurance Operations to oversee enterprise‑wide self‑insurance programs, including captive structures. You will lead strategic development, coordinate with actuaries and regulators, and drive risk financing initiatives across several states.

The role requires senior leadership skills, actuarial collaboration, and a track record in risk management.

Qualifications

• Bachelor’s degree required in healthcare, legal studies, business or related field.
• 7–10 years of experience in risk management preferred.
• Excellent communication and interpersonal skills for internal/external partners.
• Experience reading and interpreting contractual requirements and language.

Responsibilities

• Provide strategic leadership for self-insurance/captive management and team development.
• Develop and execute enterprise-wide self-insurance strategy across multiple states.
• Oversee regulatory compliance, audits, and reporting for self-insurance programs.
• Lead board engagement and prepare materials for captive insurance governance.

Skills

Leadership

Strategic thinking

Risk management

Stakeholder communication

Education

Bachelor’s degree in Healthcare, Legal Studies, Business or related field

Job description

Banner Health, a major nonprofit health system, seeks a Director of Self‑Insurance Operations to oversee enterprise‑wide self‑insurance programs, including captive structures. You will lead strategic development, coordinate with actuaries and regulators, and drive risk financing initiatives across several states.

The role requires senior leadership skills, actuarial collaboration, and a track record in risk management.