Willis Towers Watson Associate Director in Honolulu, Hawaii

Associate Director

Date Posted: April 3, 2018

Apply

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

JOB DESCRIPTION

The Willis Towers Watson Global Captive Practice provides expertise in designing, forming, managing and providing strategic guidance to captives of all types in over 35 major captive domiciles. Willis Towers Watson is engaged with more than 700 captives worldwide, approximately 450 of which are under management with gross premiums in excess of $5.8 billion and total captive assets of nearly $33 billion. There are three principal aspects to our services for captives: Captive Consulting, Captive Management, and Actuarial Services. The Practice has over 200 dedicated employees, including CPAs, risk finance specialists, actuaries, captive management experts and strategic planning consultants.

The Role

With minimal supervision, the Associate Director will have overall responsibility for management of a portfolio of captive insurance companies, and be responsible for producing accurate and pertinent information on a timely basis to enable the captive boards to make informed decisions.

  • To assist Domicile Managing Director in the development of new business for the Company

  • Provide leadership for the creation of a marketing and new business strategy.

  • To assist Domicile Managing Director in implementing marketing and new business strategy.

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

  • Take responsibility for a significant 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.

  • Obtaining regulatory approval for changes to the business plan.

  • Obtain Board approval for underwriting decisions.

  • Responsible for ensuring all policies and reinsurance documents are in order in conjunction with the Practice Underwriting resources

  • Monitoring of domicile solvency and capital requirements

  • 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

  • Primary client board representation.

  • Ensure timely production of board papers.

  • Ensure timely production of minutes and review prior to distribution.

  • Action matters arising from client meetings

  • Ensure compliance with Corporate Governance.

  • To provide leadership on, participate in and provide input on strategic and major operational issues. Assume responsibility for a specific area of company strategy.

  • Contact is maintained with all client directors and that they are advised of any developments.

  • Keep Practice leadership apprised of client developments.

  • Manage E&O risk through appropriate documentation as well as understanding risk management responsibilities: WEM, Code of Conduct, the reporting of irregularities, HR engagement, etc. and take necessary action when appropriate. Ensure senior leadership is aware of day to day gaps within captive service team (ie level of staff, expertise of staff, any communication issues, etc.)

Requirements:

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

  • License not required

  • 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

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

SHARE WITH:

  • Share on Facebook

  • Share on Twitter

  • Share on Google+ Share on Pinterest

  • Share on Linkedin

  • Share by Mail

JOB SNAPSHOT

  • Location:Honolulu, HI, US

  • Date Posted:April 3, 2018