Willis Towers Watson
Account Manager - Captive Management
Posted on Feb 3 Burlington, VT 221 views
Account Manager - Captive Management
Under general direction, the Account Manager is responsible for the provision of management services to a portfolio of captive insurance companies.
Note: Employment-based non-immigrant visa sponsorship and/or assistance is not offered for this specific job opportunity.
The Role
Ensures strong relationships with client, regulators, captive directors and key service providers. Works as part of the Client Service Team, as well as interacts with clients, prospects, regulators and external service providers.
农夫导航
- Liaison with insurance broker and reinsurance brokers as required.
- Assist with underwriting decisions in conjunction with the Client Service Team and the Practice Underwriting resources, as appropriate.
- Monitoring of exposures and risk transfer pricing within assigned portfolio.
- Assist with regulatory approval for changes to the business plan.
- Assist with Board approval for underwriting decisions.
Finance/Regulatory
- Monitoring of domicile solvency and capital requirements
- Obtaining regulatory approval of changes to business plan
- Obtaining board approval for underwriting decisions
- Accounting for premium
- Agree reserving methodology
- Ensure the production of management accounts, statutory accounts and information, budgets, cash flow statements and supplementary information as required.
- Assist with the adoption of appropriate accounting practices and ensure adherence thereto.
- Manage cash requirements of the companies
- Liaise with and monitor investment managers in respect of invested funds
- Assist Client Service Team with co-ordination of board meetings
- Ensure timely production of board papers.
- Ensure timely production of minutes and review prior to distribution.
- Action matters arising from client meetings
- Ensure relevant company secretarial functions are performed in a timely manner.
- Ensure compliance with Corporate Governance.
Management
- To participate in and provide input on strategic and major operational issues. Assume responsibility for a specific area of company strategy.
- To implement policies adopted by the Practice
- Contact is maintained with all client directors and that they are advised of any developments.
- Keep Practice leadership apprised of client developments.
- Entertain clients & prospects as required.
- Support Senior Executive in performing board insight, perspective & thought leadership as required
- Understands importance of Internal Control procedures and the WTW code of Conduct and works to be seen as a role model in the office.
The Requirements
- 2-4 year degree in Accounting, Finance or related area
- Computer Skills
- A plus, but not required is 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
EOE, including disability/vets
This position will remain posted for a minimum of three business days from the date posted or until sufficient/appropriate candidate slate has been identified.
