Underwriting Risk Manager

WTW•Southern Harbour, NL

29d

About The Position

WTW is a leading global advisory, broking and solutions company that helps clients around the world turn risk into a path for growth. With roots dating to 1828, WTW has 45,000 employees in more than 140 territories. The WTW Global Captive Practice provides expertise in designing, forming, managing and providing strategic guidance to captives of all types in over 35 major captive domiciles. The practice supports more than 700 captives worldwide and employs over 200 dedicated captive professionals, including underwriting specialists, risk managers, actuaries, economists and captive management experts. As we expand, an exciting opportunity has arisen for a professional combining underwriting and risk management expertise to join our Malta‑based Captive and Insurance Management team. The role involved the person assisting in the Underwriting oversight and Risk Management Function for Captives and Insurance Companies under management. The person would be required to provide support to the client Board in underwriting and risk strategy decisions. This position plays a key role in ensuring that client companies operate within their defined risk appetite, comply with Maltese regulatory requirements and are supported by robust underwriting and risk management frameworks.

Responsibilities

Overall responsibility for the underwriting and risk management oversight of a portfolio of a captive and/or (re)insurance companies.
Responsible for ensuring that client companies under management comply with the Malta Financial Services Authority regulations, Solvency II requirements, the general good provisions of the countries the Company is passporting into and applicable guidelines.
Maintaining ongoing relationships with assigned clients and developing a detailed understanding of client business activities, industry exposures and risk profiles.
Acting as the primary point of contact for underwriting, claims and risk management queries for allocated clients.
Assisting in the production and review of underwriting accounts, including premium analysis, claims experience, IPT returns, budgets and forecasts.
Liaising with captive owners, insurers, brokers, reinsurers, actuaries, loss adjusters and risk consultants in relation to underwriting, claims and risk matters.
Review of insurance and reinsurance policy wordings, agreements and underwriting documentation, and reporting key matters to client Boards.
Providing support to the Risk Management Function to client companies, including: Assisting with establishing and maintaining risk management policies, systems and procedures. Identifying, assessing and monitoring material and emerging risks. Assist in maintaining an aggregated view of each client’s risk profile.
Preparation of regular underwriting and risk management reports for client Board meetings.
Coordination and preparation of materials for quarterly client Board meetings, including presentation of underwriting and risk information.
Supporting the preparation and ongoing operation of the Own Risk and Solvency Assessment (ORSA) process, including internal and supervisory reports.
Supporting internal audit, compliance reviews and regulatory submissions as required.
Cooperating and liaising with other key control functions including Finance, Compliance, Actuarial and Internal Audit.