Health Captive Program Manager

Captive Resources

$80K — $110K *
Healthcare
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's Degree or equivalent in a related field
  • 7+ years experience in Health Benefits Account Management or related areas
  • Solid understanding of financial and accounting principles
  • Strong analytical and problem-solving abilities
  • Excellent communication and interpersonal skills
  • Proficient in Microsoft Office, particularly Excel and Word

Responsibilities

  • Create and manage monthly and annual financial reports
  • Reconcile monthly claims with insurance carriers
  • Prepare and manage materials for captive board meetings
  • Develop and validate captive proposals
  • Monitor the onboarding process for new captive members
  • Track and report on captive renewals and proposals
  • Maintain organizational documents and procedures

Benefits

  • Equal Opportunity Employer
  • Commitment to company values
  • Opportunity for training and professional development
  • Collaborative team environment
  • Supportive of career growth and advancement within the company
Full Job Description
The Health Captive Program Manager provides majority of the technical aspects of our health benefit captives. Maintains a high level of day-to-day client and broker business relationships. Responsible for timely captive financial and claims reporting oversight. Provides underwriting coordination and planning for renewal business. Works closely with teams and vendors on any captive issues.

ESSENTIAL EDUCATION AND EXPERIENCE: Bachelor's Degree or equivalency in a related discipline and at least seven (7) years of experience in Health Benefits Account Management, Program Management, Operations, Underwriting, or other Insurance related field.

SKILLS/COMPETENCIES REQUIREMENTS:
  • 7+ years working in Health Insurance Benefits (preferably carrier/broker)
  • Solid understanding of finance and accounting principles
  • Strong analytical, problem solving, and judgment skills
  • Strong team attitude
  • Works well independently and in a team environment
  • Interpersonal skills
  • Demonstrated training and coaching skills
  • Excellent written and verbal communication skills
  • Strong skills in Microsoft Office, especially using Excel, Word, PDF, and other on-line computer systems
  • Comfortable making presentations to small groups
  • Organization, planning, and prioritization skills
  • Strong customer service orientation
  • Commitment to company values

ESSENTIAL DUTIES AND REPONSIBILITIES:
  • Monthly and annual financial reporting creation and management
  • Monthly claims reporting and reconciliation with carriers
  • Preparation, review, and overall management of captive board meeting materials
  • Accountable for creation and validation of captive proposals
  • Schedule and monitor new captive member onboard calls
  • Captive renewal tracking, reporting, creation of proposals, and finalization with carrier
  • Captive timeline management
  • Captive member maintenance of changes, acquisitions, etc
  • Mass distribution email campaigns
  • Review, prepare, and submit documentation to underwrite renewal business
  • Creation and continuous updating of departmental documents and procedures
  • Provide superior customer service to captive members, brokers, service providers
  • Participate in captive status meetings
  • Assist with training new hires and refresher training for existing colleagues (as needed)

PRIORITIES: 7+ years Health Benefits experience, Strong financial experience, Accuracy, Detail Oriented, Timeliness, Multi-tasking, Vendor Relationships, Positive Team Attitude

Equal Opportunity Employer
This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.

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