Associate I

Associate I - Account ManagerMarsh Management Services, Inc. is seeking candidates for the following full-time position based in the Honolulu, HI office (A telecommuting/hybrid work schedule may be permitted within a commutable distance from the worksite, in accordance with company policies.)The account manager is the main client contact responsible for the day-to-day management for a portfolio of captive insurance company clients. They are responsible for maintenance of all financial records, preparation of periodic financial statements, monitoring of premium cash flow to maximize investment income, management of local and overseas bank accounts and administration of investments in accordance with pre-determined, minute guidelines established by captive directors. The position is also responsible for the collection of premium receivables; payment of claims based on claim guidelines, payment of general and administrative expenses, preparation, coordination and completion of annual audits, coordination and review of actuarial studies, preparation and filing of the Statutory Financial Returns and Filings required by Hawaii and other States, liaising with brokers and front for renewal of insurance programs, acting as Principal Representative and monitoring captive's compliance with the Hawaii Revised Statutes Vol 9, Chapter 431, Article 19 and related regulations. Responsible for the compliance with the Captive Insurance Statues and Administrative rules in all States in which the captive insurance companies' clients are domiciled. Liaise with the Captive Insurance Administrator if rulings or exemptions are required on a captive's behalf.Must have a Bachelor's degree or foreign equivalent in Business Administration, Accounting, Finance, or a related field plus two (2) years of experience in the position offered, as an Account Administrator, or a related position. Two (2) years of experience must include: Maintaining financial records and preparing financial reports using Excel, financial statement generation software, and HCL Notes. Ensuring clients are in compliance with local insurance statutes regulating financial records and accounting. Utilizing GAAP and IFRS accounting Standards with a focus in insurance. Liaising with auditors and clients during the audit process, providing required documentation, corrections, and review of audit report drafts to ensure required statutory deadlines are met. Liaising with Actuaries and clients during the reserve analysis procedures, reviewing and providing feedback/corrections to the draft actuarial reports to ensure all required deadlines are met. Coordinating and preparing for Annual Statutory Meetings and local state annual Filing requirements. Coordinating and assisting with captive applications to Captive Insurance Divisions. Drafting insurance, reinsurance contracts, reviewing claims, policy procedures, and follow-ups regarding endorsements, policy issuance, extensions, cancellations. Monitoring the renewal cycle by ensuring renewal protocol is completed (via HCL Notes), gathering information, tracking quotes, and ensuring documents are issued correctly and on-time. Monitoring the maintenance of proper records for reporting and audit purposes.Marsh McLennan is committed to embracing 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, veteran status (including protected veterans), or any other characteristic protected by applicable law. If you have a need that requires accommodation, please let us know by contacting reasonableaccommodations@mmc.com. Marsh McLennan 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 McLennan 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.