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Description About Willis Towers Watson: Willis Towers Watson (NASDAQ: WLTW) 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 45,000 employees serving more than 140 countries and markets.
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.
About The Team
Captives Insurance Management Solution (CIMS) is a risk management technique by which a business forms its own insurance company subsidiary to finance its retained losses in a formal structure. The activities of this unit include Accounting, Underwriting, preparation of regular Management and Regulatory reports and financial statements.
Job Summary
The job entails servicing responsibility for a portfolio of captive insurance clients and the provision of technical insurance support across the team. There is also the opportunity to get involved in our captive consulting and new business activity. This role requires a qualified accountant to be part of the Captives Insurance Management Solution India team to prepare Management Accounting, preparation of regular Management and Regulatory reports and financial statements. The team supports 11 geographies across North America, Europe and Asia Pacific region.
Primary Responsibilities Include
- Preparation of financial statements as well as client financial and management accounting.
- Managing and overseeing regulatory and compliance issues.
- Preparation of Board Packs and client benchmarking analysis.
- Reviewing new client’s business operations and working with the team that implements solutions.
- Responding to and following up on queries by the captive accountholders.
- Maintenance and development of various management information reports
Key Activities In The Job Include
- Preparation of Trial Balance, Income statement and Balance Sheet for Captive Insurance clients
- Planning and carrying out different accounting and financial activities like budgeting, forecasting, investment reconciliations, cash flow statement & bank account reconciliation
- Update notes to accounts, if and when required
- Calculating the unearned / un-expensed reinsurance reserve
- Calculating the Allocated Investment Income
- Posting journals, preparing reconciliation and reviewing balances
- Preparing management, statutory and regulatory reports
- Monitoring the shareholder/Inter-company loans – as per the respective state laws
- Monitor and report on activities and provide relevant management information
- Be system proficient with hands on experience on Microsoft Office applications
- Liaise and attend meetings along with other company functions necessary to perform duties and organizational development.
Top 5 Competencies
- Managing Stakeholders
- Adjusting to change
- Structuring Task
- Presentation skills
- Investigating Issues & Evaluating Problems
Qualifications
- Qualified Chartered Accountant
- Good communication skills
- Self-driven, results-oriented with a positive outlook and a clear focus on high quality
- Advanced Microsoft Excel skills.
- A forward planner who can critically assess his / her own performance
- Mature, credible and comfortable in dealing with senior company executives
- Emphatic communicator, ability to see things from the other person’s point of view
- Sufficiently mobile and flexible to travel to the United States of America, United Kingdom or other domicile locations
- Able to get on with others; be a team-player
The Application Process
- Stage 1: Online application and recruiter review
- Stage 2: Pre-recorded video interview
- Stage 3: Live video or in person interview with hiring manager and team
- Stage 4: Offer and onboarding
We’re committed to equal employment opportunity and provide application, interview and workplace adjustments and accommodations to all applicants. If you foresee any barriers, from the application process through to joining WTW, please email candidatehelpdesk@wtwco.com.