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Willis Towers Watson

Willis Towers Watson

Early Careers: Intern Conversion only- Retirement Actuarial Analyst- 2025

Early Careers: Intern Conversion only- Retirement Actuarial Analyst- 2025

Job Details
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Uploaded On
August 16, 2024
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Location
Miami, 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
$
64
k-$
83
k
Glassdoor Ratings
""
Recommend to a Friend
77%
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Overall Score
3.9 / 5

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Job Description

The Business

Create your future. Join our Retirement consulting team in providing expertise in retirement and investment consulting to support global organizations in designing, managing, administering, and communicating various retirement plans. Whether a client has a defined benefit pension or a defined contribution plan, we work with them to determine the right approach to designing, funding, investing, governing and employee management that fits their specific goals.

Explore an opportunity. Gain direct exposure to real client assignments which will draw on your imagination and creativity as well as your ability to analyze data, draw conclusions, and share your brilliant results. In this role, you'll experience a balance of expanding your technical knowledge and industry expertise, while benefiting from working in a close-knit and supportive team environment.

Accepted applicants will be eligible for a comprehensive exam study program, including paid study hours and exam coaching to assist in attaining the accredited designation of Actuary.

Love your work. You will partner with consultants to provide actuarial support on projects through:

  • Designing, funding, pricing, and the implementation and management of retirement programs
  • Competitive benchmarking analysis of benefit plan designs
  • Corporate restructuring and capital enhancement initiatives (demutualization, securitization, mergers & acquisitions)
  • Working with a wide range of associates at all levels within the local practice


  • Performing asset/liability modelling
  • Perform annual pension (qualified and nonqualified) and post-retirement medical valuations for a variety of clients.


  • This entails manipulating data, analyzing data, determining plan liabilities, reconciling plan assets, and determining funding requirements


  • Assist with completion of plan reporting and filing requirements
  • Perform plan administrative tasks such as completing benefit calculations, reviewing plan documents and SPDs, and producing benefit statements


Qualifications

Requirements:

  • Bachelors or Master's degree in actuarial science, mathematics, statistics, finance or any other major with significant quantitative course work with a minimum overall GPA of 3.0
  • Successful completion of one or more actuarial exams highly preferred
  • Work experience that demonstrates strong technical and/or client service skills
  • Passion for solving problems and sharing solutions to exceed the standards of the client
  • Ability to be a self-starter and work independently, but also cooperatively in a close team environment
  • Excellent oral and written communication skills
  • Accepting applications from candidates that graduate with a Bachelor's or Master's degree between May 2024 through August 2025
  • Prior summer 2024 WTW internship


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 base 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 $64,000 - $83,000 USD. 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)

Retirement Benefits: Contributory pension plan and Savings Plan (401k). Certain senior level 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.

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