Captive Services Manager

Are you passionate about insurance, regulatory compliance, and client satisfaction? We are currently seeking a dedicated and experienced Captive Services Manager to join our team in the Cayman Islands. In this role, you will be responsible for managing captive insurance services, ensuring compliance with local and international regulations, and delivering exceptional client experiences.

Responsibilities

• Client Relationship Management: Serve as the primary point of contact for clients utilizing captive insurance services. Build and maintain strong relationships, addressing client inquiries and concerns promptly and professionally.
• Compliance and Regulatory Oversight: Stay updated on insurance regulations and ensure compliance with relevant laws. Guide clients in navigating regulatory requirements specific to captive insurance in the Cayman Islands.
• Captive Formation and Maintenance: Facilitate the formation of captive insurance companies, coordinating with legal and regulatory authorities. Manage ongoing administrative tasks such as renewals and reporting.
• Risk Management: Collaborate with clients to assess and analyze risks, ensuring captive insurance solutions align with their risk management strategies. Work with underwriters and risk professionals to develop and optimize insurance programs.
• Financial Management: Oversee financial aspects of captive insurance, including premium collection, claims processing, and financial reporting. Ensure accurate and timely financial statements and reports are provided to clients.
• Collaboration: Work closely with internal teams, including legal, finance, and risk management, to deliver comprehensive services to clients. Liaise with external service providers such as auditors and legal counsel to meet client needs.
• Continuous Improvement: Identify opportunities for process improvement and implement best practices to enhance operational efficiency. Stay informed about industry trends and innovations related to captive insurance.
• MGA Oversight. Oversee the administration of a Marine reinsurance program, including the review of bordereaux, production of statements and quarterly reports.

Qualifications

• Bachelor's degree in business, finance, insurance, or a related field.
• Relevant professional certifications or designations (e.g., FCIP, ACI, ARM, CPCU) may be preferred.
• Strong knowledge of captive insurance, regulations, and risk management.

Experience

Applicant should have experience of the following

• Senior level Captive insurance Management
• Regulatory experience
• Insurance underwriting

Working Hours: This position offers a competitive 35-hour workweek, Monday to Friday, from 8:30 AM to 4:30 PM, providing a healthy work-life balance in the picturesque setting of the Cayman Islands. If you are ready to take the next step in your career and make a meaningful impact in the world of captive insurance, we invite you to apply for this exciting opportunity. Join us in delivering innovative insurance solutions and exceptional service to our valued clients. To apply, please submit your resume and cover letter outlining your relevant experience and qualifications to martin.cooke@hyperion-risk.com We look forward to welcoming you to our team!