Account Manager I Captive

Job Summary:

As the primary client contact, the account manager has overall responsibility for the accounting, regulatory compliance, insurance administration and other management functions for a portfolio of captive insurance companies and other clients. This role is expected to interact with colleagues and clients in person, telephonically and/or via web conferences.


Financial and Accounting

  • Supervise daily accounting activities
  • Prepare and/or review financial statements and supporting documentation
  • Ensure compliance with clients' financial reporting requirements and deadlines
  • Research and apply GAAP and/or statutory insurance accounting and reporting methods
  • Ensure compliance with internal and external accounting policies & procedures
  • Coordinate actuarial study and ensure its completion
  • Coordinate annual audit, review draft audited financial statements and ensure issuance of final report
  • Perform special accounting projects as requested by client and/or account team (e.g. budgets, forecasts)

  • Research and coordinate changes in business plan
  • Prepare and/or review regulatory filings and ensure that they are filed by the appropriate deadlines
  • Ensure on-going compliance with Vermont captive insurance regulations
  • Coordinate triennial examination by the Vermont Department of Banking, Insurance & Securities

  • Coordinate terms of coverage with client and/or brokers
  • Issue insurance policies, certificates of insurance and other insurance documentation
  • Coordinate premium billing and collection
  • Administer reinsurance programs
  • Develop and monitor systems for claim reporting and reserving

  • Keep current with industry and parent company developments
  • Coordinate and participate in the annual board of directors' meeting and other client meetings (may involve travel)
  • Implement insurance programs and accounting systems for newly formed captive insurance companies as well as for existing companies previously managed by other firms
  • Negotiate management fees; monitor and manage account profitability
  • Act as primary liaison with other service providers
  • Monitor team and client activities to prevent and detect problems
  • Maintain client and office databases
  • Perform special job-related projects as requested.
  • Attend annual conference of the Vermont Captive Insurance Association and other seminars as appropriate

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