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Willis Towers Watson

Willis Towers Watson

Associate Director - P&C Commercial Lines Pricing

Associate Director - P&C Commercial Lines Pricing

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Job Details
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Uploaded On
July 14, 2024
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Location
Chicago, United States
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Remote?
No
Company Overview
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Headquarters
London, United Kingdom
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Number of Employees
46100
Estimated Number of Actuaries
3331
Salary
$
175
k-$
225
k
Glassdoor Ratings
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Recommend to a Friend
77%
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Overall Score
3.9 / 5
Job Description

WTW is looking for a P&C pricing actuary or data scientist with commercial lines insurance experience in the U.S. market in both market-facing and home office or product management roles to join as an Associate Director 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 advisory 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 practice, especially for Commercial P&C Insurance. Our Commercial Lines practice delivers a myriad of advisory and technology solutions to support insurers in increasing speed to market and efficiency, including capabilities benchmarking, predictive modeling, competitive market strategy, and implementing underwriting, claims, and actuarial technology solutions.

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 analytically-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, 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 pricing 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


Qualifications

The Requirements
  • Minimum of 10 years industry experience
  • Experience in 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

This position will remain posted for a minimum of three business days from the date posted or until a sufficient/appropriate candidate slate has been identified.

Compensation and Benefits
Base 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).

Compensation
The base salary compensation range being offered for this role is $175,000 - $225,000 USD per year. This role is also eligible for an annual short-term incentive bonus.

Company Benefits
WTW 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
  • 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.

EOE, including disability/vets
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Working at 

Willis Towers Watson

Willis Towers Watson is a global professional services company that specializes in risk management and insurance. The company was formed in 2016 through the merger of Willis Group and Towers Watson, two well-known and respected firms in the industry. Willis Towers Watson offers a range of insurance products and risk management services to help businesses and organizations identify and mitigate potential risks. The company has a strong reputation for customer service and is known for its expertise in serving the diverse needs of its clients. In addition to traditional insurance products, Willis Towers Watson also offers innovative risk management solutions and consulting services to help clients navigate the complex and rapidly-changing world of risk. The company has a global presence, with operations in numerous countries around the world.