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 industry experience required.
- Other info: We value diversity and provide equal opportunities for all applicants.
The predicted salary is between 54000 - 84000 Β£ 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 (βRCALβ) 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 utilization 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 frameworks
- 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.
- Implement policies adopted by the team.
- Maintain contact with all client directors.
- Keep leadership informed of pipeline, sales, and project developments.
- Ensure timely development and delivery of consulting projects.
- Maintain relationships with clients & prospects.
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 escalate highly complex issues to higher levels.
- 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.
Weβre 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
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Director - Captive Insurance Consulting employer: WTW
Contact Detail:
WTW Recruiting Team
StudySmarter Expert Advice π€«
We think this is how you could land Director - Captive Insurance Consulting
β¨Tip Number 1
Network with professionals in the captive insurance sector. Attend industry events, webinars, and conferences to meet potential colleagues and clients. Building relationships can lead to valuable insights and opportunities that may not be advertised.
β¨Tip Number 2
Stay updated on the latest trends and regulations in captive insurance. This knowledge will not only enhance your expertise but also demonstrate your commitment to the field during interviews and networking conversations.
β¨Tip Number 3
Prepare to discuss specific examples of your past successes in captive consulting or management. Highlighting your achievements will showcase your ability to drive new business and manage client relationships effectively.
β¨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 how you can contribute positively to their team.
We think you need these skills to ace Director - Captive Insurance Consulting
Some tips for your application π«‘
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 and your ability to develop new business opportunities.
Craft a Compelling Cover Letter: Write a cover letter that clearly outlines your motivation for applying to this role. Emphasise your experience in creating marketing strategies and your success in client relationship management, as these are key aspects of the position.
Showcase Relevant Skills: In your application, highlight your advanced computer skills, project management abilities, and excellent communication skills. Provide examples of how you've successfully influenced and negotiated in previous roles.
Research the Company: Familiarise yourself with WTW's values and their approach to inclusivity. Mention in your application how you align with their commitment to diversity and how you can contribute to fostering an inclusive work environment.
How to prepare for a job interview at WTW
β¨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.
β¨Understand the Companyβs Strategy
Research WTW's current strategies and initiatives within the Strategic Risk Consultant practice. Familiarise yourself with their recent projects and how they align with your skills. This knowledge will help you articulate how you can contribute to their goals.
β¨Prepare for Technical Questions
Expect to answer technical questions related to insurance, risk transfer pricing, and regulatory frameworks. Brush up on these topics and be ready to provide insights or examples from your past experiences that showcase your expertise.
β¨Demonstrate Relationship Management Skills
Since the role involves liaising with clients and brokers, be prepared to discuss your approach to building and maintaining relationships. Share examples of how you've successfully managed client expectations and fostered long-term partnerships in previous roles.