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For Companies At a Glance
- Tasks: Lead captive insurance consulting projects and develop new business strategies.
- Company: Join WTW, a leader in risk management and insurance solutions.
- Benefits: Enjoy hybrid work options and a culture of inclusivity.
- Why this job: Make an impact in a dynamic environment while growing your career in insurance consulting.
- Qualifications: Expertise in captive consulting and insurance required; strong project management and communication skills essential.
- Other info: We value diversity and provide support for all applicants throughout the hiring process.
The predicted salary is between 72000 - 108000 £ per year.
We now have an excellent opportunity to join our Strategic Risk Consultant (SRC) practice as a Senior Captive Consultant. We can consider candidates who have expert level captive experience. The role will be offered on a Hybrid basis, with an expectation of a minimum of 2 days per week in our London office.
The Role
Reporting to the UK based Regional Captive Advisory Lead (RCAL) in SRC you will work in unison with SRC and Captive & Insurance Management Solutions (CIMS) in creating new captive consultancy and captive management opportunities. You will represent SRC and CIMS interests internally (WTW brokers and colleagues) and externally (clients and prospects) in helping to promote our consulting services including providing general technical and utilisation advisory services.
New Business
- The development of new business for the Company:
- Provide proactive creation of a marketing and new business strategy in cooperation with the RCAL.
- Implement marketing and new business strategy.
- Identify new business opportunities (including cross-selling opportunities) within existing and new client base.
- Take responsibility for 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 and risk transfer pricing.
Finance
- Monitoring and advising on:
- Strategic utilisation solutions.
- Solvency and capital requirements.
- Captive regulatory framework.
- 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.
Management
- Proactively support and provide input on strategic and major operational issues. Assume responsibility for allocated projects.
- To implement policies adopted by the team.
- Contact is maintained with all client directors.
- Keep leadership of pipeline, sales and project developments.
- Ensure timely development and delivery of consulting projects.
- Maintain clients & prospects relationships.
The Requirements
- Captive consulting / management experience is required.
- Insurance industry experience is required.
- Experience to support independent delivery of captive consulting or captive management.
- Advanced Computer Skills.
- Ability to monitor quality control.
- Client relationship skills.
- Project Management skills.
- Presentation skills.
- People Management skills.
- Ability to 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. We’re committed to equal employment opportunity and provide application, interview and workplace adjustments and accommodations to all applicants.
Director - Captive Insurance Consulting employer: WTW
Contact Detail:
WTW Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Director - Captive Insurance Consulting
✨Tip Number 1
Network with professionals in the captive insurance sector. Attend industry events, webinars, or local meetups to connect with potential colleagues and clients. Building relationships can lead to valuable insights and opportunities.
✨Tip Number 2
Stay updated on the latest trends and regulations in captive insurance. Subscribe to relevant publications or follow thought leaders on social media. This knowledge will not only enhance your expertise but also demonstrate your commitment to the field during discussions.
✨Tip Number 3
Prepare to discuss your previous experiences in captive consulting and management. Be ready to share specific examples of how you've successfully developed new business or managed client relationships, as these are key aspects of the role.
✨Tip Number 4
Familiarise yourself with WTW's values and culture. Understanding their commitment to inclusivity and diversity will help you align your approach and demonstrate that you're a good fit for their team during interviews.
We think you need these skills to ace Director - Captive Insurance Consulting
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your captive consulting and management experience. Use specific examples that demonstrate your expertise in the insurance industry, particularly in areas relevant to the role.
Craft a Compelling Cover Letter: Write a cover letter that clearly outlines your motivation for applying and how your skills align with the job requirements. Mention your experience in developing marketing strategies and new business opportunities, as these are key aspects of the role.
Showcase Relevant Skills: Emphasise your project management, client relationship, and presentation skills in your application. Provide concrete examples of how you've successfully managed projects or influenced stakeholders in previous roles.
Proofread Your Application: Before submitting, thoroughly proofread your CV and cover letter for any spelling or grammatical errors. Clear and professional communication is crucial, especially given the emphasis on excellent verbal and written skills in the job description.
How to prepare for a job interview at WTW
✨Showcase Your Captive Expertise
Make sure to highlight your extensive experience in captive consulting and management. Be prepared to discuss specific projects you've worked on, the challenges you faced, and how you overcame them. This will demonstrate your capability and confidence in the field.
✨Understand the Company’s Strategy
Research WTW's current strategies and initiatives within the captive insurance sector. Being able to discuss how your skills align with their goals will show that you're not just interested in the role, but also in contributing to the company's success.
✨Prepare for Technical Questions
Expect to answer technical questions related to risk transfer pricing, solvency requirements, and regulatory frameworks. Brush up on these topics and be ready to provide insights or examples from your past experiences that showcase your knowledge.
✨Demonstrate Strong Communication Skills
Since the role involves liaising with various stakeholders, it's crucial to exhibit excellent verbal and written communication skills during the interview. Practice articulating your thoughts clearly and concisely, and consider preparing a few questions to ask the interviewers to engage them in conversation.
