Director - Risk

Willis Towers Watson; New York (NY); Hybrid; USD 125,000 - 250,000; Full time

Job summary

A leading company seeks a Captive Consultant specializing in developing new management clients and supporting operations. The role involves crafting innovative strategies and fostering relationships while demonstrating expertise in captive insurance and alternative risk management. Ideal candidates will have over 10 years of experience and strong project management skills, making impactful contributions in a hybrid work environment.

Benefits

Health and Welfare Benefits

Retirement Benefits

Leave Benefits

Qualifications

• 10+ years of experience in insurance or risk management, specifically in captive insurance.
• Proven track record with tailored captive solutions.

Responsibilities

• Create innovative captive and alternative risk strategies.
• Develop relationships to provide tailored captive solutions.
• Serve as a trusted advisor for client's bespoke solutions.

Skills

Captive insurance operations

Relationship building

Project management

Communication

Technology and analytics proficiency

Job description

Description

The Captive Consultant role is a national cross-industry specialist role, focused on developing new captive management clients, retaining existing ones, and supporting CRB operations by demonstrating subject matter depth in captives and alternative risk. Additionally, this role serves as an “ambassador” for the Risk & Analytics practice, with subject matter knowledge of WTW’s offerings in this area so that s/he can make easy internal “hand-offs” on identified opportunities.

A key aspect of this role is demonstrating creativity and resourcefulness in collaborating with client advocates in problem-solving for clients and prospects.

The Role:

The Responsibilities:

• Create innovative captive and alternative risk strategies and solutions.
• Implement the WTW’s captive insurance operations strategy, ensuring alignment with organizational goals and client needs.
• Enhance WTW’s service offering by integrating analytics with technology to support the growth of the captive, risk & analytics, and alternative risk practices
• Identify and pursue new market opportunities to position WTW as a leader in providing support for bespoke captive solutions and supporting analytical services.
• Develop and nurture relationships with R&A leadership, client advocates, relationship managers, vertical leads, and external partners.
• Serve as a trusted advisor, both internally and externally, offering consultative guidance on how WTW can provide tailored captive solutions and program support.
• Represent WTW at industry conferences, forums, and events to strengthen visibility and credibility among these key audiences.
• Monitor regulatory developments impacting Captive Managers and Program Administrators, proactively addressing risks and opportunities.
• Maintain strong relationships with external parties (e.g., regulators, audit firms, and legal/tax advisors) to ensure a collaborative framework.

Qualifications

The Requirements:

Qualifications

Experience

• 10+ years of experience in insurance, reinsurance, or risk management, with significant experience in captive insurance, risk pooling, reinsurance, and regulatory frameworks across multiple captive domiciles.
• Proven track record of working with industry professionals in developing and implementing tailored captive and alternative risk solutions.

Skills and Competencies

• Strong expertise in captive insurance operations and program administration.
• Relationship-building skills to engage client advocates, relationship managers, vertical leads, and external partners.
• Project management skills: ability to scope and price, lead the analysis and research, and lead/execute on creation of client deliverables.
• Proficiency in leveraging technology and analytics to meet client aspirational needs
• Excellent communication, and stakeholder management skills.

This position will remain posted for a minimum of three business days from the date posted or until a sufficient/appropriate candidate slate has been identified.

Compensation and Benefits
Base salary range and benefits information for this position are being included in accordance with requirements of various state/local pay transparency legislation. Please note that salaries may vary for different individuals in the same role based on several factors, including but not limited to location of the role, individual competencies, education/professional certifications, qualifications/experience, performance in the role and potential for revenue generation (Producer roles only).

Compensation
The base salary compensation range being offered for this role is $125,000 - $250,000 USD per year. This role is also eligible for an annual short-term incentive bonus.

Company Benefits
WTW provides a competitive benefit package which includes the following (eligibility requirements apply):

• Health and Welfare Benefits:Medical (including prescription coverage), Dental, Vision, Health Savings Account, Commuter Account, Health Care and Dependent Care Flexible Spending Accounts, Group Accident, Group Critical Illness, Life Insurance, AD&D, Group Legal, Identify Theft Protection, Wellbeing Program and Work/Life Resources (including Employee Assistance Program)
• Leave Benefits:Paid Holidays, Annual Paid Time Off (includes paid state/local paid leave where required), Short-Term Disability, Long-Term Disability, Other Leaves (e.g., Bereavement, FMLA, ADA, Jury Duty, Military Leave, and Parental and Adoption Leave),Paid Time Off
• Retirement Benefits:Contributory Pension Plan and Savings Plan (401k). All Level 38 and more senior roles may also be eligible for non-qualified Deferred Compensation and Deferred Savings Plans.

At WTW, we trust you to know your work and the people, tools and environment you need to be successful. The majority of our colleagues work in a ”hybrid” style, with a mix of remote, in-person and in-office interactions dependent on the needs of the team, role and clients. Our flexibility is rooted in trust and “hybrid” is not a one-size-fits-all solution.

We understand flexibility is key to supporting an inclusive and diverse workforce and so we encourage requests for all types of flexible working as well as location-based arrangements. Please speak to your recruiter to discuss more.

EOE, including disability/vets