Willis Towers Watson Senior Associate in Honolulu, Hawaii

Senior Associate

Date Posted: April 24, 2018

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JOB DESCRIPTION

A Senior Associate in the Global Captive Practice is responsible to deliver captive insurance company management services to our diverse client base making up some of the largest and well-known Companies across the world. Our services include financial reporting, insurance underwriting, regulatory compliance, and strategic advice. This individual will utilize their expertise to help enhance results for the team. Liaise with parent company C-Suite Executives, insurance regulators, and other service providers in a collaborative manner. If you’re looking to join a growing organization in a fast paced environment, this may be the perfect opportunity for you!

The Role

Corporate Risk & Broking

We know how companies can unlock potential through effective risk management. Our clients rely on us to craft strategies to quantify, mitigate and transfer risk, taking advantage of our specialist industry experience and unparalleled market know-how. The result is a new way of embracing risk that drives superior results.

Under general direction, responsible for the provision of management services to a portfolio of captive insurance companies. Ensure strong relationships with client, regulators, captive directors and key service providers.

The Responsibilities

  • To assist in the development of new business for the Company:-

  • Give input to the creation of a marketing and new business strategy.

  • Implement marketing and new business strategy.

  • Identify new business opportunities (including cross-selling opportunities) within existing client base.

  • Take responsibility for a number of new business development projects.

  • Promote the Company within and outside the Willis Group.

  • To provide technical advice on request within the Practice.

  • Liaison with insurance broker and reinsurance brokers as required.

  • 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.

  • Oversee regulatory approval for changes to the business plan.

  • Oversee Board approval for underwriting decisions.

  • 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.

  • 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 Principal in performing board insight, perspective & thought leadership as required

  • Understands importance of WEM and the WTW code of Conduct and works to be seen as a role model in the office.

The Requirements

  • 4 year degree in Accounting, Finance or related area or CPA qualification

  • License not required

  • Advanced Computer Skills

  • In depth knowledge and experience of captive insurance and insurance industry (minimum 10 years’ experience) in the following areas: (1) accounting for captives (2) insurance products, and (3) problem resolution

  • WillisTowers Watson knowledge (platforms, structure, etc)

  • Ability to monitor quality control

  • Client relationship skills

  • Project Management skills

  • Advanced presentation skills

  • Leadership and People Management skills

  • Compliance

  • Can solve complex issues and will raise highly complex issues to higher level

  • Ability to influence and negotiate

  • Excellent verbal and written communication skills

  • Maintenance of CPA qualification through CPD, as appropriate

The Company

Willis Towers Watson is a leading global advisory, broking and solutions company that helps clients around the world turn risk into a path for growth. With roots dating to 1828, Willis Towers Watson has 40,000 employees serving more than 140 countries. We design and deliver solutions that manage risk, optimize benefits, cultivate talent, and expand the power of capital to protect and strengthen institutions and individuals. Our unique perspective allows us to see the critical intersections between talent, assets and ideas – the dynamic formula that drives business performance. Together, we unlock potential. Learn more at willistowerswatson.com.

Willis Towers Watson is an equal opportunity employer

Willis Towers Watson is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to, among other things, race, color, religion, sex, sexual orientation, gender identity, national origin, age, status as a protected veteran, or disability.

Equal Employment Opportunity: Know your rights. at http://www.dol.gov/ofccp/regs/compliance/posters/pdf/eeopost.pdf

Unsolicited Contact: Any unsolicited resumes/candidate profiles submitted through our web site or to personal e-mail accounts of employees of Willis Towers Watson are considered property of Willis Towers Watson and are not subject to payment of agency fees. In order to be an authorized Recruitment Agency/Search Firm for Willis Towers Watson, any such agency must have an existing formal written agreement signed by an authorized Willis Towers Watson recruiter and an active working relationship with the organization. Resumes must be submitted according to our candidate submission process, which includes being actively engaged on the particular search. Likewise, for our authorized Recruitment Agencies/Search Firms, if the candidate submission process is not followed, no agency fees will be paid by Willis Towers Watson. Willis Towers Watson is an equal opportunity employer.

Apply

Not ready to Apply? at https://willistowerswatson.avature.net/WTWTalentNetwork

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JOB SNAPSHOT

  • Location:Honolulu, HI, US

  • Date Posted:April 24, 2018