Chubb Hiring For Head of Captive & Intermediary Operations at Bermuda District, VA Full Time

Chubb invites applications for the position of Head of Captives and Intermediaries Operations, Finance for Paget Reinsurance Ltd (Paget), reporting to the Vice President, Bermuda Regional Controller. 

The successful applicant will take a hands-on approach for the captive group’s day-to-day operations, Governance, Management Reporting, and Annual Regulatory Filings.

The captive group includes an insurance manager, segregated account cell (SAC) companies and an intermediary company.

Duties and responsibilities include, but are not limited to the following:

• Managing the Governance and compliance with applicable laws and regulations of the captive group.
• Developing and coordinating statutory accounting filings with the Bermuda insurance regulators, GAAP financial statements and related audits for the captive group.
• Preparing financial reports for Management and statutory filings. These reports will include quarterly statements and supporting schedules, variance analysis and other financial analysis as required.
• Evaluating operational and accounting processes and identify opportunities to streamline and implement solutions.
• Continuous maintenance of documentation, and coordination of processes and internal controls.
• Developing and co-ordination of budgets and plans for captive group.
• Responsible to oversee the entire department.
• Responsible for continuous process improvement.
• Provide (re)insurance operational expertise to identify trends, patterns, and opportunities for process improvement across multiple legal entities .

Captive portfolio and Insurance manager

• Oversight and management of the captive portfolios. 
• Day-to-day management and liaison with captive owners – reinsurance changes, commutations, etc.
• Manage inquiry, any new submissions and on-boarding clients for the SAC and captive programs. 
• Member of Board of Directors, conduct board meetings and participate in formal corporate governance.
• Assist in ad hoc reporting requests.  

Intermediary/Broker

      Provide oversite and support of brokerage activities including

• Manage and liaise with Chubb departments to resolve discrepancies.
• Review contracts, bordereaux, settlements and claims.
• Manage and administer any potential contract placements, claim payments, premium settlements and final contracts.

Chubb is the world’s largest publicly traded property and casualty insurer. With operations in 54 countries, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. The company is distinguished by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength, underwriting excellence, superior claims handling expertise and local operations globally.