Actuarial Analyst (General insurance)

Willis Towers Watson; City of Westminster; Hybrid; GBP 30,000 - 40,000; Full time

Job summary

A leading global consulting firm is seeking candidates for an actuarial role focusing on insurance optimization and risk management. Responsibilities include constructing loss forecast models and producing strategic recommendations. Ideal for recent graduates or candidates with up to 2 years of experience. The firm offers a hybrid work model promoting inclusivity and flexibility.

Qualifications

• Ability to work well in a team and manage deadlines.
• Intellectual curiosity to deliver insightful analysis to tight deadlines.
• Excellent communication and presentation skills.

Responsibilities

• Help clients optimize their insurance strategies by constructing actuarial loss forecast models.
• Provide impartial views on profitability of captive insurers and ensure compliance.
• Produce clear and concise client deliverables and reports.

Skills

Teamwork

Client acumen

Analytical skills

Communication skills

Proficiency in MS Office

Knowledge of R/R Shiny, Python, Power BI

Experience with WTW software (Igloo or ResQ)

Education

Degree in Mathematics or related discipline

Commitment to pursuing actuarial qualifications

Job description

Overview

Working within this rapidly growing global team of over 100 risk consultants, this role will centre on providing actuarial model-based insurance optimisation and captive optimisation advice to a wide range of corporate clients in Latin America, Asia, The Nordics, Europe and CEEMEA.

Responsibilities

• P&C Pricing and Optimisation
  • Helping clients optimize their insurance strategy by ensuring the price they pay is optimum for the level of risk being transferred
  • Constructing forward looking actuarial loss forecast models for corporations across all geographies and industries
  • Produce strategic recommendations based on model results to help clients manage their risk more effectively
• Capital Modelling and Solvency II
  • Provide an impartial view of the profitability and financial strength of captive insurers.
  • Collaboratively contribute to the risk management function of these Captive Insurers and review their Solvency Capital Requirements (SCR) periodically.
  • Assist in developing assumptions and challenging them where required, to ensure a robust risk management framework.
  • Support ongoing compliance with regulations and timely completion of regulatory returns.
• P&C Reserving
  • Work collaboratively with fellow colleagues to produce reserving analysis for both our corporate and captive insurance clients
  • Produce client deliverables / reports in a clear, concise and appropriate style.
• Ad-hoc Projects (as required)
  • Bespoke modelling
  • Development of modelling tools
  • Assisting with client pitches and Request for Proposals (RfPs)
  • Researching prospects and markets
• Experience and Qualifications
  • Mathematics or related discipline degree level
  • Commitment to pursuing actuarial qualifications under the Institute and Faculty of Actuaries (IFoA)
• Desirable Skills
  • The ability to work well in a team and manage deadlines
  • Client acumen
  • Intellectual curiosity to deliver insightful analysis to tight deadlines
  • Excellent communication and presentation skills
  • Proficiency in MS Office
  • Proficiency in one of R/R Shiny, Python, Power BI is desirable
  • Experience in using WTW software such as Igloo or ResQ will be beneficial
• Experience
  • The role is open to recent graduates and candidates with up to 2 years of industry experience.

Strategic Risk Consulting (SRC) is a part of the wider Risk & Analytics division within Corporate Risk and Broking, which provides an integrated approach to risk management in the current complex global business environment. SRC is a diverse team, with a global footprint and consists of actuaries, engineers, natural catastrophe modelers and enterprise risk management specialists. SRC helps companies identify, quantify, and prioritize their major risks, and connect risk management choices to corporate financial performance. 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. You can expect your normal in-office interactions to be located in either London or Ipswich.

Irrespective of which office you join, you will be part of the wider WTW community. Our inclusion networks include Gender Equity, LGBT+, Multicultural, Workability and Young Professionals and our Corporate Social Responsibility group champions social and charitable activities in our local communities. These groups are at the heart of how we engage and inspire colleagues in our offices. At WTW, we believe difference makes us stronger. We want our workforce to reflect the different and varied markets we operate in and to build a culture of inclusivity that makes colleagues feel welcome, valued and empowered to bring their whole selves to work every day. We are an equal opportunity employer committed to fostering an inclusive work environment throughout our organisation. We embrace all types of diversity.