Assistant Director of Captive Insurance

About Us

At Davies, we get it... you are not just looking for a job, you are looking to build a life and a career. We believe in our people and realize that our success is a direct result of creating a learning atmosphere, leadership opportunities, and promoting from within. We believe that engaging in corporate social activities and working together as a team is a vital part of the Davies culture.

With a multinational global team, Davies Group is a specialist professional services and technology firm working in partnership with leading insurance, highly regulated, and global businesses. At Davies Group, we help clients to manage risk, operate core business processes, and to transform and grow. We deliver operations, consulting and technology solutions across the risk and insurance value chain, including excellence in claims, underwriting, distribution, regulation, customer experience, human capital, transformation, and change management.

Are you looking for a company that is Dynamic and Innovative where the employees are Connected and Succeed Together? If so, Davies may just be the right choice for you.

Job Overview

Davies US is looking for an experienced Assistant Director of Captive Insurance will oversee the team of account managers and staff and accountants, working closely with them to ensure excellent client service. Reporting to the Director of Captive Insurance Accounting, you will be responsible for the day to day management of an increasingly complex portfolio of captive insurance clients, including risk retention groups and/or other complex structures, the number of which varies depending on complexity of the accounts, as well as serving as a mentor and resource to the Account Managers and Staff Accountants..

To be successful in this role, you need to be proactive, independent, and takes initiative with consistent follow through, superb communication skills, verbal and written, conducted in a timely manner and superior time management skills with capability of working with and meeting deadlines. You must have a bachelor’s Degree or higher with a concentration in accounting or relevant equivalent experience, 5 years statutory or alternative market insurance account experience, 5 to 10 years of general accounting knowledge and up to date knowledge of GAAP and insurance accounting principles. Additionally, you will need to have exceptional capability to multi-task and prioritize with excellent organization and documentation skills in a fast-paced, dynamic work environment, excellent team player with interpersonal skills and a high level attention to detail and problem-solving skills. This role is a full-time, home-based position.

Responsibilities and Duties

• Serve as principal client liaison
• Supervise, train, mentor and serve as a resource to Account Managers and Staff Accountants, to include periodic performance reviews. May include staff in remote locations.
• Be the office leader regarding all account management and administrative staff working in designated offices, with the exception of operations staff members, e.g. HR, Corporate Accounting & Finance and IT. This includes oversight and responsibility of all staff, including performance evaluations.
• Ensure designated offices are supported by appropriate resources and there is a consistent review process in place for all managed clients to meet all financial and regulatory requirements
• Preparation of periodic financial statement packages tailored to individual client needs and completion of self-review
• Preparation of quarterly and annual NAIC statements
• Preparation of Annual Statement/Report start to finish
• Preparation of written analysis of financial statements
• Planning and coordination of annual audit and actuarial review
• Maintain up to date knowledge of accounting, insurance and regulatory issues affecting captives
• Review of premium tax returns
• Monitor compliance with regulations and advise clients of changes as necessary
• Preparation of regulatory correspondence, to include monitoring any changes in business plan
• Act as liaison with captive’s legal, actuarial, audit and other service providers
• Independent preparation and presentation of materials at Board Meetings
• Coordination and planning of annual (or more frequent) Board Meetings
• Ensure Account Manager, Staff Accountant and/or President are copied on all relevant correspondence
• Involvement in emerging and technical issues and serving as a resource for dissemination of this information
• Ability to review complex financial statement packages and prepare accompanying supervisory checklist
• Maintain client confidentiality
• Exhibit company values of We are Dynamic, We are Innovative, We are Connected, and We Succeed Together
• Perform other duties as assigned

Experience and Qualifications

Required

• Bachelor’s Degree or higher with a concentration in Accounting or relevant equivalent experience
• 5 years statutory or alternative market insurance account experience
• 5 – 10 years of general accounting knowledge
• Up to date knowledge of GAAP and insurance accounting principles

Preferred

• Advanced proficiency in software (Word, Excel, Outlook and QuickBooks)

• CPA or CPA candidate preferred

• Able to perform day to day management of risk retention group(s)
• Involvement in emerging and technical issues and serving as a resource for dissemination of this information

Knowledge, Skills, and Abilities

• Proactive, independent, and takes initiative with consistent follow through
• Superb communication skills, verbal and written, conducted in a timely manner
• Superior time management skills with capability of working with and meeting deadlines

• Exceptional capability to multi-task and prioritize with excellent organization and documentation skills in a fast-paced, dynamic work environment

• Excellent team player with interpersonal skills
• High level attention to detail and problem-solving skills

• Capable of working collaboratively and independently with minimal supervision

• Exhibit discretion with sensitive and confidential information
• Display a comfort level working with key people at all levels within an organization

Essential Requirements

• Must have US work rights
• Must speak English
• Bachelor’s Degree or higher with a concentration in Accounting or relevant equivalent experience
• 5 years statutory or alternative market insurance account experience
• 5 – 10 years of general accounting knowledge
• Up to date knowledge of GAAP and insurance accounting principles

Other Duties

This job description is not designed to cover or contain a comprehensive listing of activities, duties, or responsibilities that are required of the individual for this job and are subject to change with or without notice.

Diversity and Inclusion

Davies is committed to being a diverse and inclusive workplace. We welcome candidates of all genders, gender identity and expression, neurodiversity, sexual orientation, disability, physical appearance, body size, race, age, nationality, and belief (or lack thereof).

Rewards and Recognition

We embrace innovation and run an annual competition available for all colleagues to submit their ideas. The top finalists travel to the current year’s competition site where they pitch their ideas to our investors. The winner receives funding to bring their idea to life and the runners up receive a reward for their involvement. Some of our colleagues have moved across into brand new positions to further develop their ideas/projects!

Benefits

• Medical, dental, and vision plans
• 401k plan with employer matching
• Paid Time Off, Sick Leave, and Paid Holidays
• Life insurance, short term, and long-term disability plans
• Amazing Executive and Senior leadership as well as fabulous colleagues

Position Type, Work Environment and Physical Demands

This is a home-based, full time, salaried, exempt position that predominantly operates remotely from a professional home-based office environment routinely using standard office equipment such as computers, phones, printers, photocopiers, and scanners and requires prolonged periods of sitting at a desk while working on a computer. While performing the duties of this job, the individual will be required to regularly hear and talk. This is a largely sedentary role requiring the ability to sit at a desk, reach outward, use a phone, have use of fingers to operate office equipment such as a keyboard, mouse, phone, printer, copier, and to reach above the head, bend, or stand as necessary.

Location

Davies US, LLC is currently able to support employees residing in the following US locations: AK, AL, AR, AZ, CA, CT, FL, GA, IA, ID, IL (except Chicago & Cook County), IN, KY, KS, LA, MA, MD, MN (except Duluth, Minneapolis, & Saint Paul), MS, MO, NC, ND, NE, NH, NY (except NYC), OH, OK, PA (except Philadelphia, Pittsburgh & Allegheny County), SC, SD, TN, TX, UT, VA, VT, WV, WI, and WY. If you live in—or are willing to relocate at your own expense to—any of the listed locations, we look forward to your application! If there is a required or preferred location for an open role, it will be listed in the job description. Should your state not be listed, please visit https://davies-group.com/location/ to locate a subsidiary near you.