We are seeking an experienced and strategic Director of Finance to lead financial operations for a portfolio of captive insurance companies. This role is responsible for overseeing financial reporting, regulatory compliance, client service delivery, and team leadership within a captive management environment.
The ideal candidate brings deep expertise in reinsurance and insurance accounting (GAAP/STAT/IFRS), strong client-facing skills, and experience managing multiple captive programs across diverse lines of business.
Key Responsibilities
Financial Oversight & Reporting
- Oversee monthly, quarterly, and annual financial reporting for a portfolio of captive insurance clients
- Ensure accuracy and timeliness of financial statements in accordance with GAAP, STAT, IFRS and regulatory requirements
- Oversee the preparation of audited financial statements and coordinate with external auditors
- Develop, manage and monitor the annual Budget and Forecast for the captive management company, along with regularly analyzing variances between budget and actual to support informed decision making
Regulatory & Compliance
- Coordinate with Compliance to ensure adherence to domicile-specific regulations
- Oversee preparation and filing of statutory financial statements and regulatory reports
- Maintain strong relationships with regulators and ensure adherence to captive insurance laws
Client Relationship Management
- Serve as the primary financial contact for clients, boards, and shareholders
- Present financial results and insights at board meetings
- Provide strategic financial guidance, including capital adequacy, dividend planning, and risk analysis
Leadership & Team Management
- Lead, mentor, and develop a team of finance and accounting professionals
- Manage workload allocation across multiple client engagements
- Foster a high-performance, client-focused culture
Strategic & Operational Support
- Support captive formations, feasibility studies, and financial modeling
- Partner with underwriting, actuarial, and operations teams
- Drive process improvements and implement best practices across the finance function
Qualifications
- Bachelor’s degree in Accounting, Finance, or related field (CPA strongly preferred)
- 8–12+ years of experience in insurance or captive management accounting
- Strong knowledge of GAAP, Statutory and IFRS accounting principles
- Experience with captive insurance structures (Single-parent, reinsurance, group captives, RRGs, etc.)
- Experience with lines such as GL, PL, Property, Workers Compensation and other non-traditional risks
- Proven leadership experience managing teams and client relationships
- Excellent communication and presentation skills
Preferred Experience
- Reinsurance Accounting experience
- Experience working with multiple domiciles (U.S. and offshore)
- Background in public accounting or consulting within insurance/captives
- Experience with financial systems and reporting tools
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