This in office position will provide essential analytical support and insights to help clients optimize their captive insurance programs. This role will involve detailed data analysis, risk assessment, and strategic recommendations to enhance clients' risk management and financial performance.Responsibilities and Duties
- Lead the collection, validation, and cleansing of client loss and exposure data, ensuring complete and accurate inputs for Total Cost of Risk (TCOR) analyses and feasibility studies.
- Conduct detailed analysis of client risk data including loss runs, exposure summaries, and insurance program structures to identify trends, risk drivers, and cost-saving opportunities.
- Evaluate and quantify risks associated with captive insurance programs, including modeling retention scenarios and interpreting actuarial results to inform strategic recommendations.
- Prepare comprehensive client deliverables, including reports, exhibits, and presentations that clearly communicate findings and support decision-making.
- Collaborate closely with clients to understand their risk appetite and strategic objectives, tailoring captive program designs and recommendations to meet their unique needs.
- Manage multiple client engagements simultaneously, prioritizing tasks and timelines to ensure timely and accurate delivery of all project components.
- Work closely with consultants, analysts, and actuaries to integrate analytical outputs into holistic solutions, and assist in developing proposals and research for new captive opportunities.
- Bachelor's Degree in Finance, Insurance, Risk Management, or a related field. Advanced degrees or professional certifications (e.g., CPCU, ARM) are a plus.
- Experience in risk management, insurance, or consulting, preferably within the captive insurance sector are a plus.
- Strong analytical and problem-solving skills, excellent written and verbal communication and presentation abilities, and proficiency in data analysis tools and software.
- Self-motivation with the ability to work effectively as part of a team or on individually assigned tasks in a fast-paced environment where exceptional attention to detail, time management and prioritization skills are essential.
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.
Offering a competitive salary, bonus plan, and a generous benefits package, SRS strives to provide every employee with opportunities for rewarding growth and advancement in an environment of genuine equity and inclusion. The pace is fast and demanding, and SRS’s 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.
Top Skills
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.
