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WTW is looking for a pricing actuary with commercial insurance experience in the US market to join as a Senior Consultant in our Insurance Consulting and Technology (ICT) practice. In this role, you will collaborate with our team of pricing, portfolio management, underwriting, finance and claims experts to deliver underwriting consultant and technology solutions to our commercial insurance clients.ICT provides a powerful combination of advisory services for insurance companies, integrated with leading-edge technology solutions and software, all underpinned by unparalleled analytical capability. WTW has ambitious growth plans for our North America P&C propositions, especially the Commercial Lines (CL) Pricing, Product, Claims and Underwriting (PPCU). Our goal is to substantially increase our footprint in advising commercial insurance clients on the efficiency and effectiveness of their Underwriting, Pricing, Product Development, Carrier Operations and Distribution and Sales capabilities and to further establish the WTW Pricing Software suite, Underwriting Solutions and Portfolio Management Platforms and Digital Trading solutions as key enablers of change.This position can be based in a major U.S. Market and is open to remote/virtual work.Note that visa employment-based non-immigrant visa sponsorship and/or assistance is not offered for this specific job opportunity.The Responsibilities
Lead, build, and participate on teams to deliver actuarial-focused client projects
Execute work on client projects such as predictive model builds and peer reviews, market assessments, regulatory filing engagements, and capabilities benchmarking
Meet billable hour target and support the team in sales [FL(1] , operating as a highly respected and effective consultant
Support the development of carrier relationships relevant to WTW’s services, both by utilizing existing network and cultivating new relationships
Leverage actuarial and market knowledge to serve as a subject matter expert
Develop a trusted advisor relationship with client contacts through effective communication
Listen critically to client challenges to scope, craft, and deliver on engagements
Discuss and demonstrate applications of WTW’s technology products to clients
Build relationships internally and collaborate effectively on cross-functional teams
Serve as a mentor and project manager to more junior colleagues, training them on both the technical and theoretical aspects of underwriting as well as project delivery methods
Constantly seek out opportunities to improve efficiency in our delivery models and to develop new propositions and client offerings
The Requirements
Minimum of 8 years industry experience
Experience in actuarial pricing at a large commercial insurer
Comprehensive understanding of core P&C commercial lines insurance products
Capable of leveraging past experience and expertise to adapt to current projects and challenges outside of core skill set
Comfortable navigating ambiguity and developing innovation solutions
Committed to training and mentoring less experienced colleagues
Practiced in managing complex projects and delegating work to senior and junior colleagues
Available to travel as needed
Nice to Haves
Progress toward FCIA/FCAS/FIA credentials
Exposure to WTW’s Radar Suite of technology
Experience leading or participating on actuarial transformation projects
Participation in a rotational training program or exposure to multiple lines of business
Compensation and BenefitsBase 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).CompensationThe base salary compensation range being offered for this role is $125,000 USD - $140,000 USD. This role is also eligible for an annual short-term incentive bonus.Company BenefitsWTW 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 (https://cdn-static.findly.com/wp-content/uploads/sites/1862/2023/01/31091722/Washington-State-Time-Off.pdf) ( Washington State only )
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.
