Job Details

McKesson is an impact-driven, Fortune 10 company that touches virtually every aspect of healthcare. We are known for delivering insights, products, and services that make quality care more accessible and affordable. Here, we focus on the health, happiness, and well-being of you and those we serve – we care.

What you do at McKesson matters. We foster a culture where you can grow, make an impact, and are empowered to bring new ideas. Together, we thrive as we shape the future of health for patients, our communities, and our people. If you want to be part of tomorrow’s health today, we want to hear from you.

Position Summary

McKesson’s Risk Management team is seeking a captive professional to oversee the company’s captive insurance entities. This role is responsible for optimizing the company’s captive insurance strategy and advancing risk analytics capabilities. This role ensures compliance, cost efficiency, and strategic alignment of risk financing programs while leveraging data-driven insights to support decision-making.

Key responsibilities

Captive Oversight and Insurance Programs:

• Support day-to-day operations of company-owned captives, including governance, compliance, audits and financial reporting.

• Lead the governance framework for all captive insurance entities, ensuring alignment with corporate policies and risk appetite.

• In collaboration with captive managers, develop and maintain business plans, underwriting guidelines, and investment policies for captives.

• Coordinate with captive managers, regulators, auditors, and captive boards to ensure adherence to domicile requirements.

• Maintain accurate documentation and prepare reports and material for management, executive committee and board meetings.

• Monitor and report on captive performance, including financial results, risk exposures, and compliance status.:

• Support captive placements, including policy pricing, collateral requirements, capacity limits, policy drafting, issuance, and invoicing.

• Administer enterprise-wide TCOR budgeting and cost allocation for commercial and captive premiums.

Analytics & Reporting:

• Enhance department’s in-house data analytics capabilities through broader adoption of RMIS system and other available data sources.

• Develop forecast and reporting tools to administer existing captives’ business and monitor key performance metrics of captive operations.

• Deliver actionable insights and dashboards for senior leadership and captive boards.

• Manage RMIS system (Admin) including user access, training and system functionality.

• Lead RMIS data management, ensuring data accuracy and completeness.

• Develop dashboards and reports for captive support, claims trends, and key risk indicators.

• Identify opportunities to automate workflows and improve RMIS data quality.

• Collaborate with RMIS vendor to implement enhancements.

 Strategic Initiatives

• Collaborate with internal stakeholders and external partners to identify new opportunities for captive utilization.

• Support M&A due diligence, integration and divestiture needs.

• Promote a positive environment of collaboration and excellent stakeholder support.

Minimum Requirement - Degree or equivalent and typically requires 7+ years of relevant experience.

Critical skills -

• Experience supporting insurance, captives and risk management programs.

• Lead and oversee the governance framework and day-to-day operations of all company-owned captive insurance entities, ensuring compliance, audits, financial reporting, and alignment with corporate policies and risk appetite.

• Develop and maintain business plans, underwriting guidelines, and investment policies while monitoring and reporting on captive performance, including financial results, risk exposures, and compliance

• Strong understanding of financial statements and insurance principles, with expertise in data management, validation, analysis, and data-driven decision-making.

• Strong project management skills with ability to manage multiple competing priorities.

• Adaptable, customer-focused self-starter with strong interpersonal and communication skills, able to influence, motivate, and present persuasively across all organizational levels.

Working Conditions:

• Hybrid office environment.

• Accommodation to different time zones in continental US.

• Travel – up to 5%, domestic and international.

Candidate must be authorized to work in the U.S, now or in the future, without the support from McKesson.

We are proud to offer a competitive compensation package at McKesson as part of our Total Rewards. This is determined by several factors, including performance, experience and skills, equity, regular job market evaluations, and geographical markets. The pay range shown below is aligned with McKesson's pay philosophy, and pay will always be compliant with any applicable regulations. In addition to base pay, other compensation, such as an annual bonus or long-term incentive opportunities may be offered. For more information regarding benefits at McKesson, please click here.

Our Base Pay Range for this position

McKesson is an Equal Opportunity Employer

McKesson provides equal employment opportunities to applicants and employees and is committed to a diverse and inclusive environment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, protected veteran status, disability, age or genetic information. For additional information on McKesson’s full Equal Employment Opportunity policies, visit our Equal Employment Opportunity page.

Join us at McKesson!