Director of Captives - EB

Position Summary:

My client is seeking a strategic and experienced Director of Captives - Employee Benefits to lead the development, implementation, and management of captive insurance solutions focused on employee benefits. This individual will serve as a subject matter expert, advising clients on innovative risk financing strategies, optimizing benefit funding, and ensuring regulatory compliance. The ideal candidate brings deep expertise in captives, strong client advisory skills, and a passion for delivering value through alternative risk solutions.

Key Responsibilities:

• Strategic Leadership:
  Lead the captive strategy for employee benefits, including feasibility studies, program design, and implementation for single-parent, group, and cell captives.

• Client Advisory:
  Act as a trusted advisor to clients, providing insights on captive structures, cost containment, and long-term funding strategies for health and welfare benefits.

• Program Management:
  Oversee the ongoing management of captive programs, including financial performance, compliance, governance, and vendor coordination.

• Collaboration:
  Work closely with internal teams (actuarial, legal, underwriting, finance, and client service) to deliver integrated captive solutions.

• Regulatory Oversight:
  Ensure all captive programs comply with applicable federal, state, and international regulations, including DOL, IRS, and NAIC guidelines.

• Thought Leadership:
  Represent my client at industry events, contribute to white papers, and stay ahead of trends in captive insurance and employee benefits.

Qualifications:

• Bachelor's degree required; advanced degree (MBA, JD, or similar) preferred.
• 10+ years of experience in employee benefits, risk management, or insurance, with at least 5 years in captive insurance.
• Deep knowledge of ERISA, ACA, and other relevant regulations.
• Proven experience designing and managing employee benefit captives.
• Strong financial acumen and understanding of underwriting, actuarial principles, and funding mechanisms.
• Excellent communication, presentation, and client relationship skills.
• Professional designations such as CEBS, ARM, or ACI (Associate in Captive Insurance) are a plus.

Preferred Attributes:

• Experience working with public sector or large multinational clients.
• Familiarity with stop-loss, PBM, and wellness program integration within captives.
• Ability to lead cross-functional teams and manage complex projects.