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Job Information

WTW Pricing and Risk Consulting Actuary in London, United Kingdom

At WTW (NASDAQ: WTW), we provide data-driven, insight-led solutions in the areas of people, risk and capital. Leveraging the global view and local expertise of our colleagues serving 140 countries and markets, we help our clients to sharpen their strategies, enhance organizational resilience, motivate their workforces and maximize performance.

Strategic Risk Consulting (SRC) is a part of the wider WTW Risk & Analytics division which provides an integrated approach to risk management in complex business environments. SRC is a diverse team with a global footprint and includes actuaries, engineers, natural catastrophe modelers and enterprise risk management specialists. SRC helps companies to identify, quantify and optimise and their major risks, and to connect risk management decisions with corporate financial performance objectives.

The Role

We are looking for a qualified or nearly qualified actuary from a pricing background to join this growing global team of over 100 risk consultants.

This role will centre on two key areas:

  • providing actuarial model-based insurance optimisation and captive optimisation advice to a wide range of corporate clients

  • support our growth in the provision of pricing optimisation and advice to corporate clients in the design and running of their affinity, extended warranty or loyalty schemes.

Additionally, you will have the opportunity to gain experience across a wide variety of day-to-day work across our range of actuarial services (including captive capital, and reserving) across all industries and geographies.

Core Activities

Pricing:

The key focus of this role will be to utilise personal lines pricing expertise (including GLMs and GBMs) to provide actuarial pricing models and advice to corporate clients around the design and pricing structure of their affinity, extended warranty and loyalty schemes.

Risk Optimisation:

The work we do is centred around improving our clients’ ability to manage risk. Whether that is through tailoring their risk transfer to the insurance market, detailing the optimum path to managing their non insurable risks or just detailing the risks they face in the first place. A good candidate will be able to quickly pick up on our current solutions, articulate them in a clear way to our clients and work to deliver the best result in a collaborative manner.

Capital and Reserving:

In addition to the pricing work which is central to this role, the candidate will have the opportunity to broaden their experience by supporting our capital and reserving activities across a range of corporate and captive clients

Requirements

  • The role is open to both qualified and nearly qualified FIA/FFA actuaries

  • Mathematics or related discipline degree level

  • Personal lines modelling experience

  • Commercial general insurance and London Market experience are beneficial but not essential.

Desirable Skills:

  • The ability to work well in a team and manage deadlines

  • Client acumen

  • Intellectual curiosity to deliver insightful analysis to tight deadlines

  • Proficiency in MS Office

  • Experience in using WTW software such as RADAR will be beneficial

  • Proficiency in R/R Shiny/Python and Power BI is desirable

  • Excellent communication and presentation skills

Equal Opportunity Employer

At WTW, we believe difference makes us stronger. We want our workforce to reflect the different and varied markets we operate in and to build a culture of inclusivity that makes colleagues feel welcome, valued and empowered to bring their whole selves to work every day. We are an equal opportunity employer committed to fostering an inclusive work environment throughout our organisation. We embrace all types of diversity.

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