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Willis Towers Watson

Actuarial Consultant, Life Insurance

Consultants in this role will initially support a cosourcing arrangement and over transition over time to work as a member or a leader of several project teams supporting clients on a wide variety of engagements covering topics such as financial modeling, financial reporting, mergers and acquisitions, regulatory issues, litigation, pricing, and product development. Our clients demand leading edge products and expertise, and as a consultant with our firm, you can expect to gain tremendous exposure to all facets of life insurance operations. This position comes with significant upwards potential for a successful and motivated candidate.

The Role

  • Initially support a cosourcing arrangement for reinsured blocks of business
  • Identify and implement process improvements
  • Transition to support consulting engagements
  • Work independently on assignments for more senior associates or lead parts of large projects to meet client engagement objectives
  • Perform analysis, develop tools, and prepare high quality work product to support recommendations to project managers
  • Share knowledge and experience with other colleagues
  • Mentor junior colleagues
  • Work collaboratively with others on a project team
  • Review peer work product as a quality control measure
  • Prepare drafts of client correspondence
  • Participate in meetings with clients
  • Make continuous progress on the SOA exam curriculum toward an FSA designation, utilizing a competitive student program

The Requirements

  • At least 3 years of experience in an actuarial role at a life insurance company, consulting firm, or financial services organization
  • Reinsurance expertise is a plus
  • Strong technical skills, preferably in at least one of: Microsoft Excel with VBA, SQL, or R
  • Actuarial software expertise (GGY AXIS, Risk Agility, MG-ALFA, Moses, TAS, Prophet, and/or Polysystems) required. Strong expertise a plus.
  • Expertise in at least one specific U.S. life insurance and/or U.S. annuity product line
  • Expertise in at least one of the following functional areas as applied to the life insurance industry: predictive analytics / data science, financial reporting, financial modeling, mergers & acquisitions, and product development / pricing.
  • Motivated, independent learner willing to share their knowledge with others
  • Ability to work collaboratively as part of a local team and as part of teams across multiple offices
  • Ability to delve into technical issues and problem solve with minimal instruction
  • Ability to effectively assist junior colleagues
  • Ability to understand the big picture as to why an assignment needs to be performed and how it fits in to the final objective 
  • Ability to balance supporting and leading multiple projects with multiple project managers, including timely communication of priorities and conflicts
  • Flexibility to put in extra effort to meet client deadlines when necessary
  • Strong oral and written communication skills to explain work product, findings, and recommendations to junior colleagues, peers, project managers, and clients
  • Successful track record in passing SOA exams - ASA designation and progress towards FSA preferred

EOE, including disability/vets

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