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Willis Towers Watson

Reinsurance Actuary

As a growing, entrepreneurial company in a niche industry, Willis Re offers true career opportunity to qualified applicants, and we are currently recruiting exceptional individuals in our actuarial department. The role encompasses a wide range of activities, including reinsurance pricing analysis, interaction with our Broking teams, client interaction as well as research projects. This broad-based introduction to the reinsurance sector will position you for significant future growth opportunities within our firm.

Our team-oriented culture will promote your development, enabling you to gain a balanced skill set, including acumen in analysis, negotiations, etc. As you gain experience and demonstrate your capabilities, we provide you with increased client interaction and more responsibility.

This role will provide actuarial reinsurance pricing and dynamic portfolio optimization support for Willis Re senior actuaries in their work for clients and prospects.

Note: Employment-based non-immigrant visa sponsorship and/or assistance is not offered for this specific job opportunity.

The Role

Account Analysis & Support:
  • Perform actuarial analysis to develop loss model for client business, estimate reinsurance pricing, and determine optimal reinsurance structures given client risk profile and underwriting strategy.
  • Present analyses in clear terms appropriate to the audience
  • Provide value-added service to clients as needed.
  • Market Research and Development
  • Assist senior actuaries in market and line of business studies to credentialize Willis Re as thought leader in reinsurance and primary marketplace
  • Work closely with other analytical associates across Willis Re
  • Including other actuaries, catastrophe modelers, rating agency advisory, ERM and capital markets associates.
Problem Solving:
  • Able to apply advanced mathematical / actuarial concepts and techniques
  • Skilled in using Microsoft Excel and other software
  • Seeks appropriate data needed for analysis
  • Considers issues in depth, not just superficially
  • Finds effective, creative solutions
  • Applies high standard of quality control
  • Seeks assistance / support as appropriate
Interpersonal & Communication Skills:
  • Builds strong working relationships with brokers and clients
  • Demonstrates good listening skills
  • Exhibits positive attitude
  • Clearly explains technical concepts in appropriate detail 
Strong Work Ethic:
  • Shows initiative
  • Sets effective priorities and handles multiple projects under tight timeframes
  • Responds constructively to different viewpoints, changing priorities, new conditions
Teamwork:
  • Puts success of team above own interests
  • Works well in teams with colleagues of various backgrounds
  • Shares knowledge, opinions and insights in constructive manner
  • Offers to help others without prompting
  • Assists others in learning
  • Upholds organizational values
Learning Orientation:
  • Exhibits willingness and ability to learn technical material quickly
  • Applies new knowledge
  • Seeks out continuing education opportunities
The Requirements 
  • ACAS, FCAS or near ACAS
  • 5 to 10 years in P&C actuarial role(s)
  • Ideally including experience in reinsurance or primary pricing roles
  • Strong analytical and communication skills
  • Experience with stochastic modeling a plus
  • Experience with/knowledge of property cat models a plus
EOE, including disability/vets

Apply Now

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