Senior Account Manager - Captives Insurance Management

The Role

Ensures strong relationships with client, regulators, captive directors and key service providers.
Primary focus on financial statement review and/or preparation.
Works as part of the Client Service Team, as well as interacts with clients, prospects, regulators and external service providers.

Specific Responsibilities

• Insurance Liaison with insurance broker and reinsurance brokers as required.
• Aid in underwriting documentation and decisions in conjunction with the Client Service Team and the Practice Underwriting resources, as appropriate.
• Maintain monitoring of exposures and risk transfer pricing within assigned portfolio.
• Secure regulatory approval for changes to the business plan.
• Secure board approval for underwriting decisions.
• Finance/Regulatory Monitoring of domicile solvency and capital requirements.
• Obtain regulatory approval of changes to business plan.
• Obtain board approval for underwriting decisions.
• Accounting for premium.
• Agree reserving methodology.
• Ensure the production of management financial statement accounts, statutory accounts and information, budgets, cash flow statements and supplementary information as required.
• Aid in adopting appropriate accounting practices and ensure adherence thereto.
• Manage or supervise cash requirements of the companies.
• Liaise with and monitor investment managers in respect of invested funds.
• Aid Client Service Team with coordination of board meetings.
• Aid in ensuring timely production and accuracy of board papers.
• Aid in ensuring timely production of minutes and review prior to distribution.
• Aid in ensuring relevant company secretarial functions are performed in a timely manner.
• Aid in ensuring compliance with Corporate Governance.
• To assist in providing input on strategic and operational issues.
• To assume responsibility for a specific area of company strategy.
• To maintain contact with all client directors and keep them informed of any developments.
• To entertain clients & prospects as required.
• To support Senior Management in performing board insight, perspective & thought leadership as required.
• To understand the importance of Internal Control procedures and the WTW code of Conduct and work to be seen as a role model in the office.

Qualifications

• 4-year degree in Accounting, Finance or equivalent work experience, or related area or CPA qualification.
• In-depth knowledge and experience of captive insurance and insurance industry in the following areas: (1) accounting for captives (2) insurance products, and (3) problem resolution.
• Willis Towers Watson knowledge (platforms, structure, etc.).
• Ability to monitor quality control.
• Client relationship skills.
• Project Management skills.
• Board meeting presentation skills.
• Working toward Leadership and People Management skills.
• Compliance.
• Ability to solve complex issues and raise highly complex issues to higher level.
• Excellent verbal and written communication skills.