Account Manager - Captive Management

Willis Towers Watson - Tempe, AZ

Full-time - Senior

Tempe, AZ

Insurance Carriers and Related Activities

About the position

The Account Manager is responsible for managing a portfolio of captive insurance companies, ensuring strong relationships with clients, regulators, and service providers. This role involves overseeing financial and regulatory compliance, assisting with underwriting decisions, and managing accounting practices. The Account Manager plays a key role in strategic operational issues and supports the Client Service Team in various capacities.

Responsibilities

• Ensure strong relationships with clients, regulators, captive directors, and key service providers.
• Work as part of the Client Service Team and interact with clients, prospects, regulators, and external service providers.
• Liaise with insurance and reinsurance brokers as required.
• Assist with underwriting decisions in conjunction with the Client Service Team and Practice Underwriting resources.
• Monitor exposures and risk transfer pricing within the assigned portfolio.
• Assist with regulatory approval for changes to the business plan and Board approval for underwriting decisions.
• Monitor domicile solvency and capital requirements.
• Obtain regulatory approval of changes to the business plan and board approval for underwriting decisions.
• Ensure the production of management accounts, statutory accounts, budgets, cash flow statements, and supplementary information as required.
• Manage cash requirements of the companies and liaise with investment managers regarding invested funds.
• Assist Client Service Team with coordination of board meetings and ensure timely production of board papers and minutes.
• Action matters arising from client meetings and ensure compliance with Corporate Governance.
• Participate in and provide input on strategic and major operational issues, and implement policies adopted by the Practice.

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 accounting for captives, insurance products, and problem resolution.
• Ability to monitor quality control and possess client relationship skills.
• Project management skills and advanced presentation skills.
• Leadership and people management skills.
• Ability to solve complex issues and raise highly complex issues to higher levels.
• Excellent verbal and written communication skills.

Benefits

• Full-time position with a competitive salary range of $102K - $129K per year.