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The Role Supports captive insurance management through financial reporting, cash management, renewals, claims analysis, actuarial data coordination, regulatory compliance, governance, and oversight of captive administrators. Prepares financial analyses, monitors premiums and claims, manages insurance transactions, and facilitates board, advisory committee, and finance meetings. Summary Generated by

Built In Job Summary:

Partners with captive administrator, actuaries and consultants to provide technical analysis and support on financial transactions and claim related matters for the captive and risk management team; supports captive financial reporting and governance activities.

Key Responsibilities:

Provides analytic support on domestic and international insurance programs including: Property, Marine, General Liability, Professional liability, Crime, Auto, Products liability, and Employers Liability. Responsible for the preparation of complex and interpretive financial analyses and reports. Coordinates captive financial aspects, including monthly financial reports, year-end financial report, investment, tax, and captive service level agreement. Monitors renewal progress and premium cessions by lines with Global Risk Managers. Performs cash management including approval of payments . Coordinates collection and review of data by line of coverage in support of actuarial loss studies for policy renewals and budget determination. Participates in regular claim review and analysis, including monthly captive insurance company reporting, quarterly large claim review with the Claims team and third-party claims administrator. Provides analysis and oversight of various large property and casualty claims; performs claim trend analysis and monitoring. Prepares and facilitates captive meetings, including the annual Board of Director meeting in Vermont, quarterly Advisory Committee meetings, and quarterly finance reviews. Manages financial transactions of acquired group captive insurance programs and run-off insurance programs; manages internal communications, tracks/ monitors third party captive administrator.

Responsibilities Competencies:

Captive Management

• Complies with captive regulatory requirements; leverages captive structures to match parent company risk transfer appetite; manages captive operations, reporting, and governance to meet regulatory requirements; leverages statutory capital requirements in premium determination and loss ratio tolerance to preserve the captive's independent financial position; analyzes loss history to deliver loss mitigation; interprets actuarial studies to support renewal decisions.

Financial Analysis

• Interprets financial data by analyzing trends, variances, opportunities and risks to provide insight to stakeholders regarding financial impact to drive business improvement; evaluates financial results against targets to communicate conclusions to all stakeholders; ensures integrity of financial data by investigating variances and determining corrective actions to resolve identified issues.

Insurance Acumen

• Leverages insurance and claims processes including type of exposure data required to support Risk Insurance placements and mitigation efforts. Action oriented
• Taking on new opportunities and tough challenges with a sense of urgency, high energy, and enthusiasm. Collaborates
• Building partnerships and working collaboratively with others to meet shared objectives. Customer focus
• Building strong customer relationships and delivering customer-centric solutions. Ensures accountability
• Holding self and others accountable to meet commitments. Manages ambiguity
• Operating effectively, even when things are not certain or the way forward is not clear. Optimizes work processes
• Knowing the most effective and efficient processes to get things done, with a focus on continuous improvement. Problem Solving
• Solves problems and may mentor others on effective problem solving by using a systematic analysis process by leveraging industry standard methodologies to create problem traceability and protect the customer; determines the assignable cause; implements robust, data-based solutions; identifies the systemic root causes and ensures actions to prevent problem reoccurrence are implemented.

Project Management

• Establishes and maintains the balance of scope, schedule and resources for a temporary effort (a "project"). Ensures results/impact from temporary effort are fully realized as possible. Values differences
• Recognizing the value that different perspectives and cultures bring to an organization.

Education, Licenses, Certifications:

College, university or equivalent degree required in Finance, Accounting, Treasury or Insurance related field.

Experience:

Intermediate level of relevant professional work experience in the field of study required. Qualifications Unique Core Responsibilities Support to manage captive insurance company. Support insurance program renewals. Support certain claim activities. Preferred Qualifications 3-5 years of experience in risk management, insurance, brokerage, finance, or captive management. Professional certifications preferred (ARM, CPCU, CPA, CCI, ACI, or similar). Project management, communication and collaboration skills are preferred. About Us Cummins is an equal opportunity employer. Our policy is to provide equal employment opportunities to all qualified persons without regard to race, sex, color, disability, national origin, age, religion, union affiliation, sexual orientation, veteran status, citizenship, gender identity, or other status protected by law. Read Full Description Skills Required College, university, or equivalent degree in Finance, Accounting, Treasury, Insurance, or a related field Intermediate-level relevant professional work experience in the field of study 3-5 years of experience in risk management, insurance, brokerage, finance, or captive management Professional certification such as ARM, CPCU, CPA, CCI, ACI, or similar Project management, communication, and collaboration skills Cummins Compensation & Benefits Highlights The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Cummins and has not been reviewed or approved by Cummins. About This Summary Retirement Support — A 401(k) with company contribution/match and both defined contribution and defined benefit pension plans are offered, alongside profit sharing and an employee stock purchase plan. This mix supports long-term savings and financial security. Healthcare Strength — Multiple medical plan options (HSA, HSA Plus, PPO) with dental, vision, life and long-term disability coverage are provided, along with telehealth, mental-health support, and wellness tools. In-network protections and HSA/HSA Plus structures are described to help manage costs. Parental & Family Support — Paid maternity and paternity leave, family medical leave, and adoption assistance are offered. Reduced or flexible hours and unpaid extended leave options further support caregiving needs. Learn more about Cummins's Compensation & Benefits → Cummins Insights What's It Like to Work at Cummins? Cummins Culture & Values Cummins Career Growth & Development What's the Work-Life Balance Like at Cummins? Cummins Leadership & Management Cummins Company Growth, Stability & Outlook View all jobs at Cummins View Cummins Profile Report Job