Strategic Risk Solutions (Barbados) Ltd. (SRS), a leading independent international insurance management and consulting firm, seeks an Account Manager to provide client relationship management for a portfolio of registered insurance companies, primarily in Barbados.
SRS provides consulting, accounting, and management services to insurance companies, predominantly those licensed as captive insurance companies, in the US, Barbados, Bermuda, the Cayman Islands and Europe with a staff of 400+ employees and expects to continue to grow and expand domestically and abroad.
Position Description and Requirements
- We require an ambitious and experienced individual with the ability to provide leadership to the insurance, finance, compliance, and administration of various companies registered under the Insurance Act of Barbados.
- The responsibilities will include:
- Facilitating the issuance and maintenance of policies of insurance and/or reinsurance
- Working with the client account team leaders delivering high quality financial and regulatory reports.
- Maintaining and facilitating accounting records and work papers.
- Preparation of monthly and quarterly journal entries and financial statements for clients.
- Finalizing the preparation of financial statements in accordance with the appropriate GAAP.
- Monitoring and reconciliation of cash and other financial transactions.
- Treasury account management of the client’s cash and investment balances.
- Facilitating claims and loss settlements in accordance with statements prepared by loss adjusters, claims committee and other approved claims personnel.
- Approving billings and payment instructions in accordance with the approved company mandates.
- Maintenance and preparation of quarterly and annual filings with insurance regulators’ office.
- Preparing for client Board of Director meetings.
- Attending client Board of Director meetings (as requested).
- Handling of verbal and written client communications (where applicable).
- Co-ordination of the audit of registered insurance companies under portfolio.
- Providing other services that may reasonably fall within the duties of the account management of a portfolio of insurance clients.
Requirements and Skills:
The candidate should ideally have a Business and finance and finance background in Insurance, and possessing the following attributes:
- Undergraduate or Postgraduate degree in Business, Finance, or related discipline;
- Professional certification in insurance or risk management;
- 3+ years’ experience in a similar role in a professional environment;
- Detail-oriented with superb organizational skills and comfortable with routinely shifting demands;
- Must be a self-starter with a proven track record of being a strategic thinker and successful leader;
- Strong verbal and written communication skills;
- Ability to build lasting relationships with all levels of employees and being able to lead a team;
- Demonstrated proficiency with Microsoft Office suite;
The compensation package will be dependent on qualifications and experience, including a bonus and a generous employee benefit package. We also offer a competitive salary and a comprehensive benefits package including medical, dental, vision, life, disability coverage, and profit participation.
Suitably qualified applicants can deliver their application directly to:
Kirk Cyrus
Managing Director
Strategic Risk Solutions
Letchworth House, The Garrison
St. Michael BB14038
E-mail: [email protected]
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What We Do
Strategic Risk Solutions is a leading independent insurance management firm with representation in all major onshore and offshore domiciles. It provides financial reporting, regulatory compliance and underwriting management services to existing and prospective captive insurance companies. SRS was ranked the 4th largest captive manager worldwide and the largest independent by Business Insurance at December 31, 2020. For many people, captive management is treated as a routine task of keeping the books and records of a captive. The industry has been plagued by mediocre service, high staff turnover and low customer satisfaction. At SRS, we believe that isn’t good enough. Captive Management Plus reflects our commitment to be the premier provider of management and consulting services to the captive insurance industry. What do we mean by Plus? The Plus is both the quality rating of our core captive management services and the value added consulting services we provide in support of captive management. We achieve the Plus by: --Delivering outstanding service; --Strictly adhering to best-in-class internal controls and regular evaluations of these through Statement on Standards for Attestation Engagements No. 18 audits; --Helping Clients succeed, particularly through our reputation for innovation; and --Providing a depth of expertise by hiring the best in the business, keeping a laser focus on captives, as well as utilizing team structures and a "one firm" approach to servicing Clients. This model has been validated by Client feedback from our annual Customer Survey and our success and longevity. Contact us to learn more.





