Job description
We now have an excellent opportunity to join our Strategic Risk Consultant (SRC) practice as a Captive Insurance Advisor. This role will suit candidates looking to develop into a role to engage with senior stakeholders inside and outside organisation.
We can consider candidates who do not currently have Captive experience and are early in their insurance career.
The role will be offered on a Hybrid basis, with an expectation of a minimum of 2 days per week in the office. You can be based in either our London or Ipswich offices.
The Role
- The primary role is to take on a supporting position to the UK based Director of Captive Advisory(“DoCA”) in Strategic Risk Consulting. You will work in unison with the DoCA in creating new captive consultancy and captive management opportunities.
- You will represent SRC and Captive and Insurance Management Solutions (CIMS) interests with WTW brokers and colleagues from SRC in helping to promote our Consulting services including providing general technical advisory and support on utilisation of captives.
- To support the development of new business for the Company
- Provide proactive creation of a marketing and new business strategy
- Implement marketing and new business strategy
- Identify new business opportunities (including cross-selling opportunities) within existing and new client base
- Support the delivery of new business development projects
- Promote the Company within and outside WTW
- To provide technical advice on request within WTW
Insurance
- Liaison with insurance brokers, reinsurance brokers, and claims personnel as required.
- Assessment of exposures, retention strategy and risk transfer pricing.
Finance
- Supporting DoCA on monitoring and advising on:
- Solvency and capital requirements
- Captive regulatory requirements
- Underwriting strategy for Captives
- Reserving methodology
- Captive management accounts, statutory accounts and information, budgets, cash flow statements and supplementary information as required
- Corporate Governance compliance requirements
Management
- Proactively support and provide input on strategic and major operational issues. Assume responsibility for a specific area of company strategy
- To implement policies adopted by the team
- Contact is maintained with all client directors
- Keep leadership apprised of pipeline, sales and project developments
- Ensure timely development and delivery of consulting projects
- Maintain clients & prospects relationships
The Requirements
- Experience of working with Captives would be preferred but not required
- Insurance industry experience is required
- Experience to support independent delivery of projects
- Advanced Computer Skills
- Ability to monitor quality control
- Client relationship skills
- Presentation skills
- People Management skills
- Ability solve complex issues and will raise highly complex issues to higher level
- Ability to influence and negotiate
- Excellent verbal and written communication skills
At WTW, we believe difference makes us stronger. We want our workforce to reflect the different and varied markets we operate in and to build a culture of inclusivity that makes colleagues feel welcome, valued and empowered to bring their whole selves to work every day. We are an equal opportunity employer committed to fostering an inclusive work environment throughout our organisation. We embrace all types of diversity.