F&I Insurance Manager for Captive Reinsurance
7 days ago
Subaru is a leading auto brand in the US, committed to being More Than a Car Company. As part of our team, you will have the opportunity to contribute to our Subaru Love Promise by developing and marketing insurance products that meet the evolving needs of our customers.
Position Summary
The Retailer Insurance Manager plays a critical role in overseeing the development, administration, and compliance of Subaru Equity Shield (SES) insurance products. This includes collaborating with the F&I Development Manager to ensure seamless integration with our retailers and customers. Your expertise will be essential in ensuring that all aspects of SES are aligned with our company's product philosophy and regulatory requirements.
Main Responsibilities
- Insurance Compliance Management: Ensure that Subaru Added Security (SAS) meets all state laws and regulations, including securing licenses and approvals for coverage changes, new forms, and rates. Collaborate with outside counsel to review agreements and ensure compliance.
- Equity Shield Product Management: Oversee the financial analysis, compliance, and operational oversight of Subaru Equity Shield (SES) across all states. Monitor cancellations and claims denials to ensure timely handling.
- F&I Product Development and Implementation: Serve as project manager for the development and implementation of all F&I products sold by our retailers, including non-Subaru Added Security service contracts with Safe-Guard.
- Insurance Subsidiary Management: Manage Subaru Insurance Agency (SIAI), Subaru of America Services, Inc. (SASI), and Subaru Extended Services Company LLC (SESC 634), including state license renewals and compliance with regulatory changes.
Additional Responsibilities
- Assist the F&I Development Manager with SES and SAS representation at Subaru meetings and development of classes and presentations to support the understanding and sales of these products.
- Participate in ad hoc projects involving Sales, Finance - Accounting, and IT.
Required Skills & Personal Qualifications
- Bachelor's degree in Risk Management, Business Administration, or related field.
- Associate in Risk Management (ARM) required (or willingness to obtain within 3 years).
- Experience with captive insurance or Associate in Captive Insurance (ACI) from the International Center for Captive Insurance Education (ICCIE) preferred.
- Excellent verbal and written communication skills, including presentation skills.
- Strong technical knowledge of F&I insurance contracts and coverage, as well as retailer F&I sales operations.
Estimated Salary Range: $89,400 - $130,000 per year, depending on experience and qualifications.
Benefits
We offer an amazing benefits package, including medical, dental, vision plans, pension, profit sharing, and 401K matching. Our comprehensive compensation package also includes tuition reimbursement, vehicle discount programs, and more.
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