Executive Director & Insurance Fund Administrator

Direct Hire Augusta, Maine

• Location: Augusta, Maine
• Type: Direct Hire
• Job #20803

We're hiring an Executive Director & Insurance Fund Administrator in Augusta, Maine, to lead insurance operations for a workers' compensation organization. ProSearch is partnering with Maine Health Care Association Workers Compensation Fund (MHCAWCF) to recruit a senior executive for this well-established, self-insured organization.


This Executive Director role leads a high-performing workers' compensation organization, overseeing an insurance fund and driving strategy across underwriting, claims, risk management, and finance. The position also provides strategic leadership, financial oversight, and ensures strict regulatory compliance with Maine Bureau of Insurance requirements.


The role is accountable for driving strategy, strengthening financial performance, and ensuring operational excellence across all areas of the organization. Based in Augusta, Maine (onsite with some flexibility and statewide travel), this direct hire opportunity is ideal for an insurance executive who thrives in leading insurance operations and is motivated to support long-term organizational growth and stability. Key Responsibilities

1. Lead all aspects of workers' compensation operations including underwriting, claims, finance, HR, and IT
2. Drive financial management including budgeting, audits, claim reserving, and collaboration with actuaries
3. Develop and execute strategic plans in partnership with the Board of Trustees
4. Maintain compliance with Maine workers' compensation laws and Bureau of Insurance requirements
5. Build and manage relationships with vendors, auditors, regulators, and stakeholders
6. Recruit, develop, and lead high-performing teams while fostering accountability and performance

Required Qualifications

1. Strong leadership experience in insurance, risk management, or workers' compensation
2. Experience working with the Bureau of Insurance or similar regulatory bodies
3. Expertise in financial management, workers' compensation claims oversight, and underwriting operations
4. Excellent communication, negotiation, and stakeholder management skills
5. Ability to operate strategically while managing complex operational details

Preferred Qualifications
Workers' compensation expertise, CPCU designation, Maine adjuster license, or background in healthcare or self-insured groups



Why Apply
This is a rare opportunity to lead a respected, mission-driven insurance organization and partner directly with the Board of Trustees to shape long-term strategy, financial performance, and operational excellence. As the Executive Director, you will have a direct impact on Maine's healthcare and workers' compensation landscape while building and leading a high-performing executive team.


Step into a high-impact Executive Director role in Augusta, Maine for the Maine Health Care Association Workers Compensation Fund (MHCAWCF) and lead a respected workers' compensation insurance fund at a pivotal time of growth.


If you are an experienced senior insurance executive with a proven track record in underwriting, claims management, risk management, and financial oversight, this is your opportunity to shape strategy, ensure regulatory compliance, and drive lasting organizational success.


Don't miss the chance to influence Maine's healthcare insurance landscape. Apply today or contact ProSearch to learn more about this direct hire executive opportunity and take the next step in your leadership career.


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