Job Information
WTW Global Actuarial Consultant in Chicago, Illinois
Our Integrated and Global Solutions line of business helps multinational companies develop global/cross-border solutions that meet the needs of both local and headquarter management in the design, establishment, financing, operation, oversight and monitoring of their compensation and benefit programs around the world. In doing so, we work closely with our local offices in other geographies, as well as subject matter experts in other segments.
As a Global Actuarial Consultant you will provide consulting advice and services to multinational companies concerning retirement as well as broader HR benefits and compensation issues for their operations globally. You will coordinate and manage multi-country projects (including annual global actuarial coordination projects), working closely with client headquarters, local country client contacts and local WTW consultants. You will serve as the project manager and day to day communication liaison with our clients, be responsible for client deliverables, contribute to client management and new business activities, and participate in the creation of new intellectual capital.
The Role
Support senior consultants on large client engagements and lead smaller client engagements by leading the team on multi-country projects:
Draft statements of work, project plans and budgets involving multiple workflow streams and client and consultant teams across the globe
Serve as primary, daily contact to clients located in headquarters as well as overseas offices concerning delivery of services
Finalize and present quality deliverables to clients
Manage client expectations and raise appropriate issues to senior consultants
Establish a trusted advisor relationship with client contacts
Provide strategic consulting expertise in global retirement plan accounting, valuation and design
Perform technical review of complex retirement valuations as well as other work products
Participate in special projects including mergers and acquisitions, benefit plan strategy and design, plan management and governance strategy, and global financing and funding policies
Support senior consultants penetrating the local and regional market and introduce new clients and projects to the firm and identify opportunities to cross-sell new products and services in order to meet annual revenue and billable hour goals
Contribute to the development of new tools and approaches, including monitoring and analyzing economic conditions in major markets around the world and updating country profiles
Demonstrate leadership ability by mentoring analysts
The Requirements
7+ years of experience delivering defined actuarial valuation work (ASC 715 or IAS19) and consulting services to multinational organizations is highly preferred , but will consider candidates with strong experience in corporate defined benefit and/or group health plans.
Experience working on global HR benefit programs; alternatively, experience working on domestic benefits or compensation programs and a demonstrated interest in international issues.
Proven experience successfully managing multiple projects and producing quality deliverables on time and within budget.
Strong client relationship, interpersonal and team skills.
Bachelor’s Degree required.
ASA designation required or equivalent international credentials ; significant progress toward FSA or equivalent qualification highly preferred.
Experience living and working overseas and foreign language skills preferred but not essential
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 $100,000 - $125,000 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 (https://cdn-static.findly.com/wp-content/uploads/sites/1862/2023/01/31091722/Washington-State-Time-Off.pdf) ( Washington State only )
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