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Willis Towers Watson

Willis Towers Watson

North America - P&C Reserving Senior Director

North America - P&C Reserving Senior Director

Job Details
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Uploaded On
June 9, 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
$
290
k-$
290
k
Glassdoor Ratings
""
Recommend to a Friend
77%
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Overall Score
3.9 / 5

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Job Description

The Role

WTW is looking for a senior reserving professional with extensive experience in North America (US, Canada, and Bermuda) insurance and reinsurance to join the North America P&C Reserving Proposition of WTW's Insurance Consulting and Technology (ICT) business. In this role, you will play a strategic role in a globally recognized, industry-leading consulting team, providing high value-added consulting and insights to our clients, developing and applying state-of-the art intellectual property, and driving the growth of our reserving practice.

About ICT

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. We are a globally recognized leader in P&C insurance and reinsurance reserving and financial reporting, delivering robust and innovative solutions to clients across the industry facing a complex landscape.

Our goal is to continue to position reserving as a driver of value to our clients through market insights, state-of-the art analytics, process excellence, and effective communication, and to further establish the WTW Reserving and Automation technology suite (ResQ and Unify) as a key enabler underpinning the reserving function.

As a senior reserving practitioner, you will:

Lead strategic local and global client engagements and relationships, providing an excellent client experience, thought leadership, and strategic thinking on critical client business needs to C-level executives and Boards of Directors

Play a visible external role in the marketplace as a senior practitioner and subject matter expert

Foster a community of reserving-focused individuals who are subject matter experts, contributing to the development of and mentoring professionals across the various products and dimensions of the P&C industry

Lead the development and dissemination of thought leadership and technology to drive our leading position in reserving

Lead and collaborate with teams of professionals in areas such as underwriting, pricing, claims and capital modeling, locally and globally, to create, sell, and deliver broad-ranging and innovative consulting and technology solutions to our clients

Support strategic go-to-market activities and sales pursuits across the region and globally

Financials

You will contribute to a profitable and growing North America P&C Reserving proposition

Meet individual sales and billable hour targets commensurate with seniority and area of focus

Participate fully in the achievement of ICT reserving practice and overall ICT business plan and budget

Qualifications

The Requirements

Fellow of the Casualty Actuarial Society with at least 15 years of relevant experience

Expectation to meet qualification standards to sign NAIC Statements of Actuarial Opinion for year-end 2024

Deep knowledge of the North America P&C insurance market, including commercial lines, reinsurance and current and emerging topics

Experience with multinational and/or global portfolios, and legacy liabilities

Ability to build strong relationships, and to influence decision-making at senior levels

Self-driven, comfortable navigating ambiguity and developing innovative solutions

Practiced in leading complex, high-profile projects, and communicating technical insights to non-actuarial executive audiences

Available to travel as needed

Preferred Skills and Experiences

Approval by Bermuda Monetary Authority to sign as LRSO

Active in relevant professional or trade associations

Consulting experience at senior levels

Familiarity with ResQ, WTW's reserving technology

This position can be based in any major US market and is open to remote/virtual work.

Visa employment-based non-immigrant visa sponsorship and/or assistance is not offered for this specific job opportunity.

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 $290,000 USD -$360,000 USD. This role is also eligible for an annual short-term incentive bonus.

Company Benefits
WTW provides a competitive benefits package that 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.

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