Manager Captive Treasury

Founded in 2010 and acquired by Risk Strategies in 2018, Oxford has earned the reputation as a leader in providing forward-thinking captive insurance solutions for our clients. Oxford has implemented over 1,000 total captives with a variety of structures and a broad range of insurance coverages. Oxford’s internal team of seasoned insurance and financial services professionals works together with the best-in-class external service providers (including actuaries, accountants, and attorneys) to provide bespoke alternative risk management solutions for our clients.

Primary Responsibilities and Duties:

• Acting as a Fiduciary to hundreds of captive insurance companies for their cash and invested assets
• Oversee, monitor, and manage cash position of captive insurance companies to meet minimum cash requirements
• Facilitate cash movement into and out of captive bank and investment accounts, including bill payments to vendors
• Monitor individual captive insurance companies’ investment portfolios to ensure they comply with Company Investment Policy, as approved by Regulators
• Oversee monthly download of all cash and investment statements and annual K-1s for alternative investments
• Assist with opening and closing of cash and investment accounts, acting as an authorized signor on the accounts, and maintaining proper account documentation
• Assist with completion and submission of subscription agreements for private placements and maintaining proper documentation for all forms of alternative investments
• Monitoring transfers of cash between intercompany accounts such reinsurance premiums, funds held escrow accounts, and premium taxes
• Prepare annual premium tax filings to each domicile
• Manage and monitor collateral requirements with external fronting companies
• Manage and monitor funding requirements with third party claim administrators
• Issuing dividend and dissolution payments to series members upon Regulatory approval
• Issuing claim payments to Insureds
• Oversee and manage issuance of annual Forms 1099-NEC for all captives to ensure compliance requirements are met
• Maintaining strong working relationships with banking and investment partners
• Confirming bank transactions with financial institutions

• Time Management
• Detail  Oriented
• Communication Skills
• Aptitude for Numbers
• Quantative Skills

Requirements and Qualifications:

• BS degree in Accounting/Finance (preferred)
• 5+ years accounting/finance experience in a relevant industry
• 5+ years’ experience in the captive industry (preferred)
• Thorough knowledge of banking procedures and processes
• Awareness of business trends

Physical Demands and Work Environment

• While performing the duties of this job, the employee is required to regularly sit, hear, and reach with hands and arms. The employee is occasionally required to stand and walk. The employee must regularly lift and/or move up to 10 pounds. Specific vision abilities required by this job include close vision and the ability to adjust focus
• The work environment characteristics described are representative of those employees performing the essential functions of this job. The noise level in the work environment is usually moderate to loud. Occasional travel

Risk Strategies is an equal opportunity workplace and is committed to ensuring equal employment opportunity without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, Veteran status, or other legally protected characteristics. Learn more about working at Risk Strategies by visiting our careers page: www.risk-strategies.com/careers.