Vice President, Captive Manager in Hamilton

Relm is the only specialty insurer dedicated to supporting the world’s most innovative industries. Whether it’s with startups harnessing zero-gravity conditions on the ISS to manufacture blindness-curing retinas, global crypto exchanges democratizing crypto trading, or biotech pioneers using gene-editing technology to advance personalized medicine, Relm works lockstep with innovators to understand and underwrite businesses shaping the future. Relm’s team operates out of offices in London, New York, Dubai, Miami, Bermuda, executing market-leading insurance solutions for companies operating in digital assets and web3, AI, the space economy, financial technology, biotech, and more.

WHAT WE ARE LOOKING FOR

Where regular insurers look backwards, Relm differentiates by looking ahead. We operate at the forefront of innovative industries by hiring curious minds with deep sector experience. To continue helping businesses build the future, we need all of our team members to demonstrate curiosity, creativity, courage, and optimism. We need them to be accountable for ideation but able to execute collaboratively. In short: we hire people whose inquisitive minds help them break ground.

WHAT THE VP, Captive Manager WILL DO

• Serve as the main point of contact for clients utilizing captive insurance solutions.
• Develop and maintain strong relationships with clients, understanding their needs and providing tailored insurance solutions.
• Facilitate regular communication with clients, including providing updates on captive performance, regulatory compliance, and strategic opportunities.
• Support clients in evaluating their risk management strategies and identifying ways the captive can enhance their overall risk management program.
• Oversee the day-to-day operations of captives, including underwriting, claims management, and financial reporting.
• Coordinate with internal and external stakeholders to ensure timely and accurate completion of financial statements, regulatory filings, and other compliance requirements.
• Collaborate with actuaries, auditors, tax advisors, and legal counsel to ensure captives operate within all applicable regulations and best practices.
• Develop annual business plans and budgets for captive entities, ensuring alignment with client and company objectives.
• Ongoing review, update, development and implementation of policies and procedures to ensure compliance with local regulatory requirements and industry best practices.
• Develop periodic management metrics/reports including key risk indicators (KRIs) and key performance indicators to identify, mitigate and elevate risks, deficiencies and potential breaches.
• Ensure that appropriate due diligence documentation is obtained and any required sanctions screening is performed prior to execution of agreement.
• Collaborate with Product development team to review and ensure that captive solutions offered align with BMA license conditions.
• Monitor incoming transfers and payments requests within captive cells to identify any transactions requiring escalation to Compliance.
• Collaborate with the business development team to promote captive insurance solutions to prospective clients.
• Provide insights and recommendations on captive formation, feasibility studies, and structuring options based on client needs and risk profiles.
• Identify opportunities to enhance the captive’s value proposition, including exploring reinsurance options, multi-line or multi-year structures, or portfolio diversification.
• Monitor the financial performance of captives, ensuring profitability, adequate reserving, and capital adequacy.
• Oversee premium collection, claims payments, and investment activities within the captive structure.
• Provide regular reports and analysis to clients and internal stakeholders regarding financial results and trends.
• Collaborate with the Finance team to provide required information to ensure timely and accurate periodic financial reporting and annual audited financial statements.

WHAT YOU WILL NEED

• Bachelor’s degree in Risk Management, Insurance, Finance, Business Administration, or a related field. Advanced degrees (MBA, CPCU, ARM) would be considered a plus.
• Minimum 7 years of experience in the insurance, reinsurance, or captive management industry.
• Proven track record of leading and managing captive insurance programs and working with alternative risk transfer solutions.
• Strong understanding of insurance and reinsurance principles, underwriting, and claims processes.
• Knowledge of captive insurance regulations, solvency requirements, and tax considerations.
• Experience with financial analysis, risk management, and insurance product program design.
• Excellent interpersonal and client relationship management skills.
• Strong organizational and project management abilities.
• Exceptional problem-solving, analytical, and decision-making skills.
• Proficient in financial reporting and understanding of actuarial principles.
• Strong leadership skills.

WHAT WE OFFER

• Full Payroll Tax & Social Insurance Coverage: The company covers 100% of your payroll tax and social insurance.
• Comprehensive Insurance Plans: We provide 100% coverage for your health, dental, and life insurance.
• Generous Pension Contributions: The company contributes 5% of your pensionable earnings.
• Paid Public Holidays: You will receive ten (10) paid public holidays each year.
• Paid Time Off (PTO): You will accrue 28 days of Paid Time Off per annum.
• Professional Development Opportunities: We invest in your career with training, development programs, and mentorship.
• Travel Benefits: Enjoy travel perks such as commuting and parking benefits.
• Wellness Benefits: Stay healthy and active with wellness perks.
• Your Voice Matters: Work in an environment where your ideas and opinions are valued.
• Endless Growth Opportunities: Benefit from a multitude of career growth opportunities.
• Flexible & Family-Friendly Work Environment: Embrace a hybrid approach to work.

WHY YOU’LL LOVE WORKING WITH US

Diversity and inclusion are a given; Relm goes beyond the norm to provide genuine support for our team members. We believe in equipping our staff with whatever they need to do their best work, and our commitment to staff growth is often cited by members as one of their most highly valued benefits. Relm is a team of innovators redefining what’s possible in insurance.