Core Accounting - Senior Advisor at Willis Limited, trading as Willis Towers Watson plc

Thane, maharashtra, India -

Full Time

Start Date

Immediate

Expiry Date

19 May, 26

Salary

0.0

Posted On

18 Feb, 26

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Financial Statements Preparation, Management Accounting, Regulatory Reporting, Compliance, Benchmarking Analysis, Trial Balance Preparation, Income Statement Preparation, Balance Sheet Preparation, Budgeting, Forecasting, Investment Reconciliations, Cash Flow Statement Preparation, Bank Account Reconciliation, Journal Posting, Stakeholder Management, Presentation Skills

Industry

Financial Services

Description

About the team: Captives Insurance Management Solution (CIMS) is a risk management technique by which a business forms its own insurance company subsidiary to finance its retained losses in a formal structure. The activities of this unit include Accounting, Underwriting, preparation of regular Management and Regulatory reports and financial statements. This role requires a qualified accountant to be part of the Captives Insurance Management Solution India team to prepare Management Accounting, preparation of regular Management and Regulatory reports and financial statements. The team supports 11 geographies across North America, Europe and Asia Pacific region. Job Summary: The job entails servicing responsibility for a portfolio of captive insurance clients and the provision of technical insurance support across the team. There is also the opportunity to get involved in our captive consulting and new business activity. Primary responsibilities include: * Preparation of financial statements as well as client financial and management accounting. * Managing and overseeing regulatory and compliance issues. * Preparation of Board Packs and client benchmarking analysis. * Reviewing new client's business operations and working with the team that implements solutions. * Responding to and following up on queries by the captive accountholders. * Maintenance and development of various management information reports Key activities in the job include: * Preparation of Trial Balance, Income statement and Balance Sheet for Captive Insurance clients * Planning and carrying out different accounting and financial activities like budgeting, forecasting, investment reconciliations, cash flow statement & bank account reconciliation * Update notes to accounts, if and when required * Calculating the unearned / un-expensed reinsurance reserve * Calculating the Allocated Investment Income * Posting journals, preparing reconciliation and reviewing balances * Preparing management, statutory and regulatory reports * Monitoring the shareholder/Inter-company loans - as per the respective state laws * Monitor and report on activities and provide relevant management information * Be system proficient with hands on experience on Microsoft Office applications * Liaise and attend meetings along with other company functions necessary to perform duties and organizational development. Top 5 Competencies * Managing Stakeholders * Adjusting to change * Structuring Task * Presentation skills * Investigating Issues & Evaluating Problems

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Responsibilities

The primary responsibilities involve servicing a portfolio of captive insurance clients by preparing financial statements, management accounting, and overseeing regulatory and compliance issues. Key activities include preparing trial balances, managing budgeting/forecasting, calculating reserves, and preparing statutory and management reports.