What are the responsibilities and job description for the Director of Captive Management position at IDC Management, LLC?
IDC Management LLC is the management lead to multiple organizations within the insurance sector, and is now seeking a Director of Captive Management to join our growing Team!
The Director of Captive Management at IDC Management will be responsible for overseeing day-to-day captive planning, formation, and management activities. Some work from home is acceptable but travel will be required. We are open to remote for the right candidate but preferably located in Oak Ridge TN at our home office.
What you will do :
- Captive Insurance Management, Planning, and Formation skills - guide clients through the formation of captive insurance companies, including entity selection, domicile choice, and regulatory compliance.
- Experience in leading and managing captive insurance programs - develop and implement strategic initiatives to optimize captive structures and operations.
- Knowledge of insurance regulations and compliance requirements - stay abreast of regulatory changes and ensure compliance with all applicable laws and regulations. Liaise with regulators to address inquiries and maintain strong relationships.
- Oversee the financial aspects of the captive, including budgeting, forecasting, and financial reporting. Ensure compliance with accounting standards and regulatory requirements.
- Strong analytical and problem-solving skills - identify, assess, and mitigate risks associated with the captive's operations.
- Excellent communication and interpersonal skills - build and maintain strong relationships with clients, providing expert advice and support throughout the captive lifecycle.
- Ability to work independently and collaboratively
- Mentor and develop team members, fostering a collaborative and high-performing work environment.
What you will need :
