Captive Insurance Executive

Captive Insurance Executive

The Company
WTW 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, WTW has 45,000 employees in more than 140 territories. 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.
At WTW, we believe in equal employment opportunities, and we are committed to developing a diverse workforce and creating an inclusive work environment where everyone is respected, valued and appreciated. Our global recruitment guidelines support this approach. Unlock your potential at WTW.

The Business
WTW Captive & Insurance Management Solutions (“CIMS”) is a global team of risk finance, accounting, and insurance administration experts. We provide an integrated approach and a unique perspective to unlock potential in organizations’ risk financing strategies through captives and other insurance facilities. We are located where our clients need us, with captive management teams in domiciles around the world, and risk financing and captive consulting specialists in geographies where organizational risk strategies are evolving.
Approximately 330 captives are under WTW management globally with combined gross premiums in excess of $20.6 billion and total client captive assets of $57 billion.
CIMS has over 200 dedicated employees, including qualified accountants, risk finance specialists, captive strategy consultants, underwriting and claims specialists, compliance and governance specialists and risk management specialists.

The Role

Job Summary

An exciting opportunity has become available for a Captive Insurance Specialist to join our Dublin based captive management team. This is a fantastic opportunity for the right candidate to contribute to growth in an international risk and insurance environment as part of the WTW Group. This is a temporary role (12 month maternity cover contract)

Work Style
This is a hybrid role. Initial induction and training will be in the Dublin office. Thereafter, all members of the team are entitled to work remotely if desired with the exception of attending the office (or other location as required) for client visits and quarterly Team Days or as business needs dictate.

Responsibilities
• Manage the day-to-day delivery of captive insurance services and be the point of contact
within WTW, for the nominated client companies, in relation to all insurance and claims
activities
• Review premium and claims data/reports, maintain/update premium tracker and claims
bordereaux, reconcile bordereaux to cash payments, arrange for payment of claims and
develop claims analysis for presentation to Board of Directors and/or other interested
parties.
• Prepare certificates of cover and endorsements as required.
• Provide accurate and timely underwriting information for preparation of Management
Accounts and Financial Statements.
• Monitor the adherence to EU general good requirements and ensure IPT is properly settled.
• Attendance and presentation at client meetings.
• Liaise with the parent company, regulator, insurers, brokers, reinsurers, auditors, directors,
lawyers’ actuaries etc. to fulfil the above responsibilities
• Ensure compliance with WTW internal controls.

Key Skills and Competencies
•Ideally a third level degree and/or relevant insurance qualifications preferrable but not essential.
•Basic understanding of Central Bank of Ireland regulations under which the Insurance and
Reinsurance Captives operate.
•Demonstrate strong attention to detail.
• A high level of competency with Microsoft applications - Word and Excel
•Good problem-solving capability.
•Excellent organisation and time management skills with the ability to prioritize workload.
•Strong inter-personal and communication skills including ability to deliver information in a clear
and concise manner.
•Ability to work in a fast-paced environment.

Equal Opportunity Employer 

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.

At WTW, we trust you to know your work and the people, tools and environment you need to be successful. The majority of our colleagues work in a ”hybrid” style, with a mix of remote, in-person and in-office interactions dependent on the needs of the team, role and clients. Our flexibility is rooted in trust and “hybrid” is not a one-size-fits-all solution.