Willis Towers Watson Senior Accounts Manager in Singapore, Singapore
Summary of the Role:
Overall responsibility for management of the accounts and financial reporting for a portfolio of captive insurance companies, as well as financial management of Willis Management. Responsible for producing accurate and pertinent information on a timely basis to enable Willis MD and the client captive Boards to make informed decisions.
Manager of people (to include number of reports) or individual contributor:
Supervises members of the Client Service Team charged with accounting/financial management roles
Geographic scope of role:
Singapore, plus support to other domiciles as required, and with some client visits
Budgetary and risk management responsibilities:
Assist MD in budget preparation and risk management for Willis Management
Revenue of existing portfolio and organic growth opportunities.
Manage the accounting, finance and compliance operations of Willis Management and its portfolio of captive insurance clients, reporting to the Managing Director These duties include but are not limited to:
Prepare full sets of accounts including issuing of journals, fee invoices, cheque payments and receipts.
Prepare monthly bank reconciliation and ageing listing of trade debtors.
Prepare quarterly GST returns.
Prepare statistical returns requested by department of statistics.
Assist MD in development of new business and development of existing captive clients.
Assist MD in management and development of accounting team members
Captive Clients Accounts – Willis Management
Prepare full sets of accounts including issuing of journals, cheque payments and receipts.
Prepare and submit MAS quarterly and annual returns and also statistical returns to department of statistics.
Prepare quarterly GST returns.
Prepare monthly bank reconciliation.
Preparation of board papers to the captive boards.
Ensuring compliance on the captives’ behalf with all regulations and obligations imposed on insurance companies by the laws of Singapore.
Arranging for the investment of the captives’ funds in accordance with clients’ guidelines.
Manage client cash in accordance with instructions of the client board.
Ensure relevant company secretarial functions are performed in a timely manner
Ensure compliance with Corporate Governance
Establish good relationship with key client, regulatory and service provider figures
Understand clients business and industry
Communications & Relationships:
Senior Client Services Specialist works as part of the Client Service Team and supervises activities of accounting team members.
Interaction with clients, regulators and external service providers.
Required Qualifications & Experience:
4 year degree in Accounting, Finance or related area or CPA qualification
Knowledge & Experience:
At least 7 years captive insurance experience or related industries
Knowledge of captive insurance industry
Accounting for captives
Insurance products for captive operators
Complex problem resolution
Knowledge of and experience with more complex insurance programs, such as: reinsurance, global or complex programs, etc.
Excellent Client Service and interpersonal skills; comfortable dealing directly with clients
Excellent verbal and written communication skills
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