Captives Senior Client Services Specialist

Willis Towers Watson

  • Orsa, Dalarna Malta Island
  • Permanent
  • Full-time
  • 20 days ago
The RoleAn exciting opportunity has become available for a Client Services Specialist with a focus on Accounting to join our Malta 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 Willis Towers Watson Group.The BusinessThe 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 420 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.Principal Duties/Responsibilities
  • Overall responsibility for management of a portfolio of (re)insurance companies.
  • Responsible for ensuring that client companies under management comply with Malta Financial Services Authority regulations and filing requirements together with Solvency II legislation and guidelines
  • Maintaining an on-going relationship with assigned clients and gaining an understanding of the clients’ business and industry.
  • Responsible for processing bordereau, financial and management information for our clients to facilitate effective decision making.
  • Account Management for specific clients:
  • Review and/or preparation of Management Accounts, and any other ad hoc reports and budgets, forecasts etc. in a format prescribed by our clients.
  • Preparation and timely filing of all regulatory and statistical reporting requirements including SCR calculations, QRT submissions and coordination of the annual ORSA.
  • Preparation of client companies’ year-end financial statements and liaising with external auditors.
  • Monitoring and ensuring that each company complies with Malta Companies Act.
  • Liaising with tax advisors, auditors, banks to ensure clients are in compliance with all relevant tax heads.
  • Cooperate and liaise with the Head of Functions: Risk, Compliance, Actuarial and Internal Audit.
  • Cash management and reconciliation in accordance with instructions provided by the Board, including liaison with the company’s banks and investment managers and the production of appropriate reports.
  • Liaise with client service team to coordinate client board meetings.
  • Client entertainment as part of regular Board visits, as required.
  • Overall responsibility for organising and attendance of client board meetings including preparation and presentation of material.
Key Skills and Competencies
  • Mandatory: Hold a professional Accounting Qualification (ACCA etc.)
  • Mandatory: 2-3 years+ post-qualification experience
  • Mandatory: Be a strong financial accountant with good knowledge of international accounting standards
  • Advantageous: Have experience of Malta Regulatory environment, including Solvency II regime
  • Advantageous: Have experience of (re)insurance accounting preparation
  • Advantageous: Knowledge of the insurance industry, including captive insurance
  • Advantageous: Knowledge and experience in IFRS 17
  • Excellent oral/written communication skills
  • Professional outlook
  • Team player
  • Positive attitude
  • Confident
  • Organised
  • Ability to work independently and within a team
  • Ability to work to tight deadlines, producing high quality deliverables
We are committed to equal employment opportunities at Willis Towers Watson.

Willis Towers Watson