Operations Associate, Captive Insurance

Posted 11 Days Ago
Be an Early Applicant
Philadelphia, PA
1-3 Years Experience
Insurance
The Role
The Operations Associate will support the client accounts through initial review and analysis of submissions, creation of proposals, management of data entry in Salesforce, and collaboration with various departments. The role involves maintaining compliance and keeping up-to-date with industry standards.
Summary Generated by Built In

Strategic Risk Solutions Inc. (SRS), the world’s largest independent insurance company manager, is growing and looking for a self-motivated and driven Operation Associate to join our Garnet Captive Services Division.
This in office position requires an individual who is flexible with exceptional attention to detail. The ideal candidate will be a team player who is always willing to pitch in with other tasks as needed to successfully support the client accounts.Responsibilities and Duties

  • Initial review and analysis of submission information (including preliminary underwriting)
  • Creation of proposals or other sales related exhibits for prospective and active Members
  • Organization of electronic files
  • Management of initial data entry/ongoing tracking for Salesforce
  • Day-to-day management of insurance requests for current Members (e.g. endorsement requests, applicable filings, etc.)
  • Creation of monthly, quarterly, bi-annual and annual exhibits for current Members (distribution exhibits, claims analyses, etc.)
  • Ongoing collaboration with sales leads, finance department, marketing department
  • Supporting sales team during client presentations and negotiations
  • Maintaining compliance with any carrier requirements/industry standards in all underwriting activities
  • Keeping apprised of applicable industry knowledge and standards

Attributes and Skills

  • Bachelor’s Degree in Business Management, Risk Management, or related field; Recent graduate encouraged to apply
  • Strong organizational/prioritization skills
  • Self-direction and the ability to take ownership and drive responsibilities through to completion
  • A natural desire to learn new things, contribute to a team, and expand business knowledge
  • Excellent verbal, writing, and proofreading skills
  • Presentation skills both in-person and virtually
  • Alignment with our Core Values (see https://www.garnetcaptive.com/)
  • Flexibility to work from our Philadelphia, PA headquarters
  • Must be proficient in Microsoft PowerPoint, Excel, Outlook, and Word


About Strategic Risk Solutions
SRS is the world’s largest independent insurance company manager. With over 25 years of experience, SRS provides management and consulting services to a wide range of insurance company entities, from single parent captives to complex commercial insurers and reinsurers. SRS has operations in the United States, Canada, Europe, Barbados, Bermuda, Cayman Islands, Latin America, and South Africa.

 Garnet Captive Services, LLC was founded in 2002 with the goal of providing causality insurance solutions for mid-sized employers. Garnet Captive partners with an established network of high-quality insurance agents to deliver comprehensive group captive solutions covering workers’ compensation, commercial auto, and general liability. Since 2002, Garnet’s group captive programs have been incredibly successful in reducing premiums, stabilizing cost, and providing control of employers’ insurance programs.
Offering a competitive salary and a comprehensive benefits package including life, medical, dental, 401k, and tuition reimbursement, SRS strives to provide every employee with opportunities for rewarding growth and advancement in an environment of genuine equity and inclusion. SRS’ dedication to its people has established a company-wide network of colleagues committed to each other’s, as well as the Company’s, success.
EOE
For more information on SRS, please visit www.strategicrisks.com
For more information on Garnet, please visit www.garnetcaptive.com
 

Top Skills

Excel
Microsoft Outlook
Microsoft Powerpoint
Microsoft Word
Salesforce
The Company
HQ: Concord, MA
193 Employees
On-site Workplace
Year Founded: 1993

What We Do

Strategic Risk Solutions is a leading independent insurance management firm with representation in all major onshore and offshore domiciles. It provides financial reporting, regulatory compliance and underwriting management services to existing and prospective captive insurance companies. SRS was ranked the 4th largest captive manager worldwide and the largest independent by Business Insurance at December 31, 2020.

For many people, captive management is treated as a routine task of keeping the books and records of a captive. The industry has been plagued by mediocre service, high staff turnover and low customer satisfaction. At SRS, we believe that isn’t good enough.

Captive Management Plus reflects our commitment to be the premier provider of management and consulting services to the captive insurance industry. What do we mean by Plus? The Plus is both the quality rating of our core captive management services and the value added consulting services we provide in support of captive management. We achieve the Plus by:

--Delivering outstanding service;
--Strictly adhering to best-in-class internal controls and regular evaluations of these through Statement on Standards for Attestation Engagements No. 18 audits;
--Helping Clients succeed, particularly through our reputation for innovation; and
--Providing a depth of expertise by hiring the best in the business, keeping a laser focus on captives, as well as utilizing team structures and a "one firm" approach to servicing Clients.

This model has been validated by Client feedback from our annual Customer Survey and our success and longevity. Contact us to learn more.

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