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Willis Towers Watson

Willis Towers Watson

P&C Actuarial Senior Consultant - Personal Lines Pricing

P&C Actuarial Senior Consultant - Personal Lines Pricing

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Job Details
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Uploaded On
August 4, 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
$
140
k-$
180
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 pricing actuary with personal lines insurance experience in the U.S. 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 consulting and technology solutions to our personal lines 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 for Pricing, Product, Claims and Underwriting (PPCU). Our goal is to substantially increase our footprint in advising insurance clients on the efficiency and effectiveness of their Underwriting, Pricing, Product Development, Distribution and Sales capabilities and to further establish the WTW Pricing and Underwriting Platform as the key enabler of actuarial transformation.

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 rate indications work, predictive model builds and peer reviews, regulatory filing engagements, and best practice pricing and analytics reviews
  • Meet billable hour target and support the team in sales, operating as a highly respected and effective consultant
  • 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 pricing 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 5 years personal lines industry experience
  • ACAS required; FCAS preferred
  • Experience in personal lines actuarial pricing, including extensive experience with rate level indications
  • Comprehensive understanding of regulatory filing requirements, including providing actuarial support for filings and objections
  • 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
  • Exposure to WTW's Radar technology
  • Experience leading or participating on actuarial transformation projects

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 $140,000 - $180,000 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.

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.

We understand flexibility is key to supporting an inclusive and diverse workforce and so we encourage requests for all types of flexible working as well as location-based arrangements. Please speak to your recruiter to discuss more.

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.