Head of Finance - Captives Job at Brown & Brown UK (Daytona Beach)

Job Description

The Head of Finance – Captives is a strategic financial leader responsible for shaping the vision, governance, and financial direction of the organization’s captive insurance operations. This role drives long-term value by ensuring regulatory compliance, optimizing financial performance, and aligning captive strategies with overall business objectives, while collaborating closely with executive leadership, risk management, and external advisors.

Job Responsibility

Establish, monitor, and continuously enhance internal control frameworks and financial governance practices to ensure accuracy, safeguard assets, mitigate risk, and support compliance with accounting standards, regulatory requirements, and audit expectations
Direct the preparation, review, and submission of GAAP and statutory financial statements for captive insurance entities, ensuring the completeness, accuracy, and timely reporting of all premium, claims, reinsurance, reserve, and investment activities in accordance with applicable accounting principles and regulatory requirements
Manage relationships with auditors, actuaries, and tax advisors to ensure timely completion of audit requirements, implementation of recommendations, and overall financial credibility and operational soundness
Lead financial strategy and performance management by analyzing loss ratios, reserves, investment income, and capital, evaluating captive performance and profitability, supporting pricing, capitalization, and reinsurance decisions, and developing long-term strategies to ensure financial sustainability and alignment with enterprise risk objectives
Partner with risk management, underwriting, and business leaders on premiums, program design, and funding, assess the financial impact of policy and reinsurance decisions, and provide modeling support to ensure the captive’s finances align with business needs and risk strategy
Provide strategic oversight of cash flow, liquidity, investments, and capital reserves to safeguard financial stability, optimize funding for potential losses, and ensure full compliance with governance and policy standards
Manage relationships with service providers of TPAs, actuarial firms, investment managers, and auditors, managing relationships, negotiating contracts, and monitoring performance to ensure cost-effective, high-quality service across all captive functions
Mentor and develop a high-performing finance team to support captive operations and broader organizational objectives

Requirements

Bachelor’s degree in Accounting, Finance, or a related field
CPA or equivalent designation preferred
10+ years of progressive finance experience, including leadership roles within insurance, reinsurance, or captive management
Background within the captives and reinsurance areas are a big plus
Strong knowledge of statutory accounting, regulatory frameworks, and captive structures (single-parent, group, or rent-a-captive)
Demonstrated ability to lead strategic financial initiatives and partner effectively with cross-functional teams
Excellent analytical, communication, and executive presentation skills

What we offer

Health Benefits: Medical/Rx, Dental, Vision, Life Insurance, Disability Insurance
Financial Benefits: ESPP
401k
Student Loan Assistance
Tuition Reimbursement
Mental Health & Wellness: Free Mental Health & Enhanced Advocacy Services
Beyond Benefits: Paid Time Off, Holidays, Preferred Partner Discounts and more

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