Captive Manager at Panasonic

Newark, New Jersey, United States -

Full Time

Start Date

Immediate

Expiry Date

23 May, 26

Salary

0.0

Posted On

22 Feb, 26

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Captive Insurance Management, Risk Financing, Regulatory Compliance, Governance, Risk Mitigation, Cost Efficiency, Data Validation, Premium Funding, Cash Flow Coordination, Claims Recovery Oversight, Third-Party Management, Financial Oversight, Actuarial Analysis, Stakeholder Engagement, Strategic Development, Problem-Solving

Industry

Aviation and Aerospace Component Manufacturing

Description

Overview Every moment of every day, people all over the world turn to Panasonic to make their lives simpler, more enjoyable, more productive and more secure. Since our founding almost a century ago, we’ve been committed to improving peoples’ lives and making the world a better place–one customer, one business, one innovative leap at a time. Come join our journey! Responsibilities https://www.youtube.com/watch?v=0tMgKm_71qs (by clicking this link you are being referred to an external site that is not part of Panasonic) Meet the Recruiter: Helen Despotopoulos What You'll Get To Do: Panasonic North America is seeking a Corporate Captive Manager to join the Panasonic Risk Management Department. This role is ideal for a strategic risk financing professional with expertise in captive insurance management and a track record of operating in a complex, multinational environment. The Corporate Captive Manager is responsible for the effective operation, compliance, and strategic management of Panasonic Corporation of North America’s captive insurance program(s), with a focus on maximizing risk mitigation, cost efficiency, and regulatory compliance. The role includes oversight of day‑to‑day captive operations and close collaboration with internal business partners and external service providers, including Captive Management Company. Panasonic Corporation of North America’s Risk Management function supports more than 50 Panasonic companies across the United States, Canada, and Mexico. This position plays a critical role in aligning captive governance and risk financing strategies across the enterprise. Governance, Oversight & Accountability Provide strategic leadership and day‑to‑day oversight of the captive insurance program, ensuring robust governance, regulatory compliance, and ongoing audit readiness, while leveraging a third‑party captive management company for execution. Serve as the designated internal owner of the captive, maintaining ultimate accountability for captive performance, risk alignment, and compliance outcomes. RMIS (Risk Management Information System) – Exposure Data Learn, and effectively use the RMIS to manage, validate, and analyze exposure data supporting captive underwriting, pricing, financial reporting, regulatory disclosures, actuarial reviews, loss forecasting, capital adequacy assessments, audits, and regulatory reviews. Premium Funding & Cash Flow Coordination Coordinate and oversee the billing and funding of insurance premiums into the captive, working with Finance, and the Captive Management Company to ensure premiums are calculated correctly, invoiced timely, and funded in accordance with approved schedules. Ensure premium funding processes align with captive business plans, and internal controls. Claims Recovery & Payment Oversight Oversee the recovery of claim payments from the captive, coordinating with the Captive Management Company, and Finance to ensure claims are funded or reimbursed by the captive in a timely and accurate manner. Reconcile claims paid and reimbursed, investigating variances and ensuring consistency across TPA reports, captive financial statements, and RMIS data. Third‑Party Captive Manager Oversight Manage and oversee the relationship with the third‑party Captive Management Company and other external service providers (actuarial, audit, tax, claims administrators). Review deliverables for quality, accuracy, timeliness, and alignment with agreed scope of services; escalate and remediate performance issues as needed. Financial Oversight & Performance Management Oversee the captive’s financial performance, including review of financial statements, budgets, forecasts, cash flow, capital adequacy, and funding activities. Coordinate with the captive manager, actuaries, and finance teams to review premium levels, loss reserves, surplus adequacy. Ensure timely delivery of monthly, quarterly, and annual financial reports to support accurate period close. Regulatory & Compliance Oversight Ensure compliance with all applicable domicile, tax, and regulatory requirements in coordination with the captive management company. Act as the primary internal liaison for regulatory examinations, audits, and inquiries, supported by the captive manager and external advisors. Policy, Documentation Review, validate and maintain captive policies, endorsements, binders, and renewals for accuracy, completeness, and alignment with approved underwriting intent. Internal Stakeholder Engagement Act as the primary internal and external point of contact for all captive‑related matters. Partner with internal stakeholders (Finance, Treasury, Tax, HR, Legal, Risk Management, and business units) to explain captive mechanics, data requirements, and financial impacts. Translate captive into clear, actionable insights for senior leadership. Strategic Development & Optimization Partner with the captive management company on feasibility studies, program expansion, and optimization initiatives, supported by historical exposure and loss data maintained in RMIS. Monitor industry trends, regulatory developments, and best practices in captive insurance, risk financing, and risk information management. Committee Support Facilitate captive board and committee meetings, including agenda development, materials review, meeting documentation, and follow‑up on action items. Qualifications What You'll Bring: Problem-Solving: Demonstrate the ability to think independently, exercise sound judgment. Identify emerging and existing risk issues affecting the captive; assess alternative insurance and risk financing approaches; analyze trade‑offs; and recommend practical, well‑reasoned solutions aligned with business objectives and risk appetite. Operate effectively in a dynamic, multi‑stakeholder environment requiring the ability to manage multiple priorities concurrently, respond to changing business conditions. Education/Experience: Minimum of seven (7) years of progressive experience in insurance, risk management, captive insurance, or insurance accounting roles, and a Bachelor’s degree in accounting, finance, management, business, or a related field. Demonstrated ability to review and interpret financial statements, premium and claims invoices, and actuarial analyses. Proficiency in Microsoft Word, Excel, PowerPoint, and Teams. Experience with Risk Management Information Systems (RMIS) preferred. Strong written and verbal communication skills with the ability to convey complex information clearly and effectively. Communications: Collaborate with a broad range of internal stakeholders, including but not limited to Human Resources, Legal, and Finance. Build and maintain strong, effective working relationships across all levels of the organization and with external partners to ensure smooth captive operations and effective oversight. Benefits & Perks - What's In It For You: Panasonic prioritizes total well-being and offers comprehensive benefits options to support physical, emotional, financial, social, and environmental health: Health Benefits – Offering medical, dental, vision, prescription plans, plus Health Savings Account and Flexible Spending Account options. Voluntary Benefits – Life, accident, critical illness, disability, legal, identity theft, and pet insurance. Panasonic Retirement Savings & Investment Plan (PRSIP) – 401(k) plan with company matching contributions and immediate vesting. Paid Time-Off Benefits – Vacation, holidays, personal days, sick leave, volunteer, and parental & caregiver leave. Educational Assistance – Tuition reimbursement for job-related courses after six months of service. Health Management and Wellbeing Programs –Lifestyle Spending Account, EAP, virtual health management, chronic condition, neurodiversity, tobacco cessation, substance abuse support, and life stage and fertility resources. Available to eligible employees starting the first day of the month following your start date. Eligibility for each benefit may vary based on employment status, location, and length of service. Employee Recognition Program - High5 employee recognition and awards platform, quarterly and annual employee recognition Annual Bonus Program - Opportunity for an annual performance-based bonus. We Take Opportunity Seriously: At Panasonic, we are committed to a workplace that genuinely fosters inclusion and belonging. Fairness and Honesty have been part of our core values for more than 100 years and we are proud of our diverse culture as an equal opportunity employer. The wage range of $125,000 - $135,000 is just one component of Panasonic’s total package. Actual compensation varies depending on the individual’s knowledge, skills, experience, and location. This role may be eligible for discretionary bonuses and incentives. We understand that your career search may look different than others and embrace the professional, personal, educational, and volunteer opportunities through which people gain experience. If you are actively looking or starting to explore new opportunities, send us your application! Qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, protected veteran status, or other characteristic protected by law. All qualified individuals are required to perform the essential functions of the job with or without reasonable accommodation. Due to the high volume of responses, we will only be able to respond to candidates of interest. All candidates must have valid authorization to work in the U.S. Thank you for your interest in Panasonic. #LI-HD1 REQ-153909

Responsibilities

This role is responsible for the effective operation, compliance, and strategic management of Panasonic Corporation of North America’s captive insurance program(s), focusing on maximizing risk mitigation, cost efficiency, and regulatory compliance. Key duties include providing strategic leadership, overseeing day-to-day captive operations, managing third-party providers, and ensuring financial and regulatory oversight.