Company:
Marsh
Description:
We are seeking a talented individual to join our Global Captive Solutions team at Marsh. This role will be based in the Melbourne office. This is a hybrid role that has a requirement of working at least three days a week in the office.
Captive insurance is a risk financing mechanism in which a company insures itself against future losses. In a captive insurance arrangement, the insured brings its risk in-house by creating a licensed company that provides insurance to its parent organization and/or affiliates.
Your role is to coordinate underwriting & claims management, maintain financial records & reports and meet compliance and governance requirements while liaising with brokers, banks, auditors, actuaries, regulators, and clients. Experience in insurance operations, risk management, and financial accounting/reporting is beneficial for effective decision-making and planning.
We will count on you to:
* Maintain all financial records and prepare periodic financial statements
* Monitor premium cash flow to maximize investment income through the management of the local and overseas bank accounts.
* Administer investments in accordance with pre-determined guidelines.
* Collect premium receivables
* Pay general and administrative expenses and claims based on existing guidelines.
* Plan and complete annual audit, inclusive of the preparation and filing of the Statutory Financial Return.
* Monitor compliance with local laws and regulations.
* Perform some corporate secretarial services or liaise with local corporate secretarial firms
* Liaise with the Regulator, prepare and submit necessary filings.
* Arrange and participate in Board of Directors and Annual General Meetings as required.
* Maintain permanent file and company information for each company
* Maintain client documents - either hardcopy or computer stored, under standard filing systems.
* Address client requests promptly by coordinating responses in conjunction with other team members
* Develop, maintain and enhance client relationships
What you need to have:
* Degree in Accountancy or equivalent (i.e. ACCA/CPA/CA)
* Knowledge in insurance preferred
* Experience dealing with clients, auditors, bankers and tax agents
* Outstanding analytical thinking and problem-solving skills
* Excellent verbal and written communication skills
What makes you stand out:
* Strong administration and organisational skills and experience.
* Sound knowledge of Microsoft office suite and a fast learner of other computerized systems.
* Ability to work under pressure and possess an understanding of the importance to meet deadlines through effective time management skills.
* Motivated self-starter focused on achieving results and able to work autonomously as well as be a team player.
Why join our team:
* We help you be your best through professional development opportunities, interesting work and supportive leaders.
* We foster a vibrant and inclusive culture where you can work with talented colleagues to create new solutions and have impact for colleagues, clients and communities.
* Our scale enables us to provide a range of career opportunities, as well as benefits and rewards to enhance your well-being.
About MARSH:
Marsh Risk is a business of Marsh (NYSE: MRSH), a global leader in risk, reinsurance and capital, people and investments, and management consulting, advising clients in 130 countries. With annual revenue of over $24 billion and more than 90,000 colleagues, Marsh helps build the confidence to thrive through the power of perspective. For more information about Marsh Risk, visit, or follow us on LinkedIn and X.
Marsh is committed to creating a diverse, inclusive and flexible work environment. We aim to attract and retain the best people and embrace diversity of age, background, disability, ethnic origin, family duties, gender orientation or expression, marital status, nationality, parental status, personal or social status, political affiliation, race, religion and beliefs, sex/gender, sexual orientation or expression, skin color, or any other characteristic protected by applicable law. Applications will only be considered from candidates who have the appropriate approval to work in Australia. Successful applicants will be required to complete a Criminal & Bankruptcy check prior to commencing of employment.
Marsh is committed to hybrid work, which includes the flexibility of working remotely and the collaboration, connections and professional development benefits of working together in the office. All Marsh colleagues are expected to be in their local office or working onsite with clients at least three days per week. Office-based teams will identify at least one "anchor day" per week on which their full team will be together in person.