Actuarial Analyst in London at Willis Towers Watson

Date Posted: 9/7/2017

Job Snapshot

  • Employee Type:
    Full-Time
  • Location:
    London
  • Experience:
    Not Specified
  • Date Posted:
    9/7/2017

Job Description

The Company

Willis Towers Watson is a leading global advisory, broking and solutions company that helps clients around the world turn risk into a path for growth. With roots dating to 1828, Willis Towers Watson has 40,000 employees serving more than 140 countries. We design and deliver solutions that manage risk, optimize benefits, cultivate talent, and expand the power of capital to protect and strengthen institutions and individuals. Our unique perspective allows us to see the critical intersections between talent, assets and ideas – the dynamic formula that drives business performance. Together, we unlock potential. Learn more at willistowerswatson.com.

The Business

Investment, Risk and Reinsurance

Our sophisticated approach to assessing and managing risk helps clients free up capital. We work closely with investors, reinsurers, and insurers to manage risk and return.  Blending advanced analytics with deep institutional knowledge, we reveal new opportunities to maximize performance.

As an advisor to more than three-quarters of the world’s top insurers, Willis Towers Watson’s Insurance Consulting and Technology business is the industry’s foremost risk specialist and a front-runner in financial modelling.  We have more actuaries and Chartered Enterprise Risk Analysts serving the insurance industry than any other professional services company.

The Role

If you are looking for a career and employer that will test you, encourage you to take responsibility and demand innovative thinking, then an actuarial career in Life Insurance Consulting at Willis Towers Watson is for you.

As an Actuarial Analyst, you will work with some of the insurance industry’s top consultants, thought leaders and life company clients while you progress towards qualifying as an actuary.  At Willis Towers Watson, we do not view our actuarial students as a commodity but rather an investment in the business leaders of the future.

You will have immediate exposure to real client assignments that will draw on your imagination and creativity as well as your ability to analyse data, draw conclusions and present results.  While client assignments will form a large portion of your daily work, we will encourage you to get involved in the development of intellectual capital, helping to ensure that we retain our reputation at the precipice of the UK insurance market.  You will be exposed to traditional life insurance actuarial work as well as cutting edge techniques and software.  These experiences will help build your technical knowledge and overall industry expertise while you benefit from one of the industry’s most comprehensive actuarial training and development programmes.  At the same time, you will begin to build your network of peers within the industry to support our business generation activities.

Your main responsibilities will be as follows:

Clients

  • Develop skills in market leading actuarial software packages and techniques for the purposes of asset and liability modelling, monitoring of risk, capital aggregation and financial reporting, and help to design and implement financial modelling solutions.
  • Collaborate with consultants to provide support on life insurance-related client projects, including financial reporting, M&A appraisal valuations, corporate restructuring, risk management and capital enhancement initiatives.
  • Ensure appropriate and effective communication among team members and the client via various mediums including email, conference calls and face to face meetings.

People

  • Build strong, supportive relationships internally, both with associates more junior than yourself and with seniors.
  • Demonstrate natural ease and effectiveness when dealing with clients/colleagues at all levels whether in client meetings, on-site secondments at client sites or internal project meetings.
  • Take initiative at an early stage and begin to build your network of peers within the industry. 

Excellence

  • Develop professional expertise by progressing towards qualification as an actuary.
  • Deliver projects that exceed client expectations, with specific focus on project management skills
  • Continually seek process and efficiency improvement opportunities in all projects.
  • Involvement in research and development initiatives to develop and enhance future sales propositions and internal firm knowledge to maintain our principal position in the market.

Financial

  • Contribute to sales and marketing efforts by assisting in the drafting of proposals, presentations and pitches.
  • Focus on personal  billable hours targets and monitor other financial aspects of projects

Job Requirements

The Requirements

We are looking for candidates with qualifications and skills which may include;

  • A minimum of a 2:1 honours degree in any numerate/scientific discipline and successfully studying towards an FIA/FFA qualification.
  • A good understanding of life insurance products, regulations and reporting requirements.
  • Financial modelling experience (knowledge of Moses, RAFM or Prophet would be advantageous).
  • Those who proactively take initiative and are able to identify and solve multifaceted problems in a logical, systematic way.
  • Strong communication skills; in particular the ability to communicate complex concepts to a broad range of audiences.
  • A dedication to work to achieve the highest quality standards whilst working both independently and on client teams, in a fast-paced environment.
  • Good time management, organisational and project management skills
  • Strong Microsoft Office skills, particularly Excel.
  • Availability to travel on an as needed basis, domestically and internationally.
  • An interest in the commercial impact of business generation, project delivery and team productivity within the consulting environment.

Willis Towers Watson is an equal opportunities employer and does not discriminate on any basis.  We support flexible working and this role will be considered on a flexible basis.