Senior Associate

Description

About Us

WTW is an award-winning advisory broking and solutions company that supports clients worldwide in transforming risk into opportunities for growth. With a rich insurance heritage dating back to 1828 from the Titanic in 1912 to the Moon Buggy in 1971 WTW brings deep industry expertise and longstanding experience. Our WTW Regional Delivery Center based in the heart of Lisbon brings together a strong global team of more than 400 colleagues who deliver operational excellence every day through innovation and streamlined efficient solutions.

The Opportunity

From day one you will be assigned your own responsibilities giving you exposure to client assignments and enabling you to build up valuable experience and skills. You will have opportunities to gain exposure to different aspects of our business and will be able to gain a solid understanding of what we do and how we do it.

What will you do

As Senior Associate your key responsibilitieswill be to:

• Ensure all the premiums received from the clients are paid out to the Carriers.
• Reconcile the carrier statements & resolves discrepancies.
• Handle receipts & application of premiums & fees received from clients & insurance companies.
• Book commissions received from Insurance companies.
• First level supervisor responsible for providing training coaching and oversight of a team

Youll be working on real client projects performing the following tasks(not exhaustive):

Operational Duties

• Review ledgers to identify items payable to Carriers/Clients/Sub Brokers and other entities.
• Provide payment back-ups to the payee for application of funds.
• Reconcile Carrier statement with WTW books of accounts.
• Liaise with client managers and carriers for payment issues reconciliation discrepancies and unallocated cash.
• Review of open ledgers and perform small balance write-offs offsets etc. as per the accounting guidelines
• Handling clearance of uncashed /uncleared checks.
• Timely and effective responses to all queries requests corrections etc. received from field offices/carriers.
• Handling Intercompany Reconciliation by liaising with field offices and other WTW locations.
• Following SOPs Client / Carrier specifications and adherence of all statutory requirements.
• Participate and contribute to potential process improvement areas.
• Review potential system and process enhancements as required Allocations of funds (EFT or Cheque) received from client broker or insurance company by researching relevant payment information received.
• Booking of commissions against relevant client/policy in the system on basis of documentation received from Insurance companies.
• Liaise with client managers and Insurance companies for resolving discrepancies and unallocated cash.
• Timely clearance of return commissions to Insurance companies to avoid any potential penalties
• Following Procedures Client / Insurance Companies specifications and adherence of all statutory requirements.

Qualifications

What Youll Bring

We are looking for a highly driven individual with solid interpersonal skills. A colleague looking to join a large and dynamic organization.

• 3 to 5 years of relevant professional experience preferably within Accounting or Finance

• Fluency in English (business level) with additional proficiency in a European language (e.g. French Spanish) minimum B2 level ideally C1

• Advanced proficiency in Microsoft Office 365 particularly Excel Word and PowerPoint

• Strong business communication abilities both written and oral

• Excellent time management skills with a strong respect for deadlines

• Demonstrated logical and analytical thinking

• Strong team spirit and a collaborative working style

Why WTW

At WTW we offer more than just a jobwe offer a career. Heres what you can expect:

• Work-Life Balance: Enjoy flexible working hours and hybrid working options to suit your lifestyle.

• Competitive Compensation: Benefit from an attractive performance-related remuneration system.

• Global Exposure: Join an international consultancy with the security of a global corporation and renowned clients.

• Career Development: Experience a steep learning curve and ample opportunities for individual career growth through on-the-job learning and specialist training.

• Collaborative Culture: Work in a collegial appreciative and dynamic environment where decisions are made together.

• Impactful Work: Quickly take on responsibility and make an impact with direct customer contact.

• Community and Celebration: Participate in corporate events and celebrate our successes together.

Join Us!

Be part of a team that values innovation excellence and collaboration. At WTW your career is more than just a jobits a journey. Apply now and turn your potential into success with WTW!

Willis Towers Watson is an equal opportunity employer.

Required Experience:

Senior IC

Employment Type : Full-Time
Department / Functional Area: Operations
Experience: years
Vacancy: 1