Description
Under general direction, the Account Executive is responsible for the provision of management services to a portfolio of captive insurance companies.
The Role
Ensures strong relationships with clients, 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.
New Business
- 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 the existing client base.
- Take responsibility for a number of new business development projects.
- Promote the Company within and outside the Willis Group.
- Provide technical advice on request within the Practice.
Insurance
- 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.
Finance/Regulatory
- Monitoring of domicile solvency and capital requirements.
- Obtaining regulatory approval of changes to the business plan.
- Obtaining board approval for underwriting decisions.
- Accounting for premium.
- Agree reserving methodology.
- Ensure the production of management accounts, statutory accounts, 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 coordination 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
- Participate in and provide input on strategic and major operational issues. Assume responsibility for a specific area of company strategy.
- Implement policies adopted by the Practice.
- Maintain contact with all client directors and advise them 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.
- Understand the importance of WEM and the WTW code of Conduct and work to be seen as a role model in the office.
Qualifications
The Requirements
- 4-year degree in Accounting, Finance, or related area or CPA qualification.
- Maintenance of CPA qualification through CPD, as appropriate.
- 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.
- Willis Towers 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.
- Ability to solve complex issues and raise highly complex issues to a higher level.
- Ability to influence and negotiate.
- Excellent verbal and written communication skills.
Compensation and Benefits
Base salary range and benefits information for this position are being included in accordance with requirements of various state/local pay transparency legislation. Please note that base salaries may vary for different individuals in the same role based on several factors, including but not limited to location of the role, individual competencies, education/professional certifications, qualifications/experience, performance in the role, and potential for revenue generation (Producer roles only).
Compensation
This role is also eligible for an annual short-term incentive bonus.
Company Benefits
WTW provides a competitive benefit package which includes the following (eligibility requirements apply):
- Health and Welfare Benefits: Medical (including prescription coverage), Dental, Vision, Health Savings Account, Commuter Account, Health Care and Dependent Care Flexible Spending Accounts, Group Accident, Group Critical Illness, Life Insurance, AD&D, Group Legal, Identity Theft Protection, Wellbeing Program, and Work/Life Resources (including Employee Assistance Program).
- Leave Benefits: Paid Holidays, Annual Paid Time Off (includes paid state/local paid leave where required), Short-Term Disability, Long-Term Disability, Other Leaves (e.g., Bereavement, FMLA, ADA, Jury Duty, Military Leave, and Parental and Adoption Leave), Paid Time Off (Washington State only).
- Retirement Benefits: Contributory Pension Plan and Savings Plan (401k). All Level 38 and more senior roles may also be eligible for non-qualified Deferred Compensation and Deferred Savings Plans. If Level 38 or more senior role is in Washington State, you must add the retirement benefits paragraph to the job description. Please note: Producer Sales roles are not currently eligible for the WTW Pension Plan.
EOE, including disability/vets
This position will remain posted for a minimum of three business days from the date posted or until a sufficient/appropriate candidate slate has been identified.
#J-18808-Ljbffr
