Job Description

Retirement Actuarial Analyst--University

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 39,000 employees in more than 120 territories. 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.

Unlock your potential at Willis Towers Watson.

The Business
The complexity, costs and risks associated with employee benefits pose an increasing threat to business performance. An enterprise-wide strategy for managing benefits gives our clients the framework to develop programs that work in concert to help attract and retain top talent in a cost-effective manner so they can offer benefits that give them a competitive edge while meeting the needs of their employees.

Towers Watson hires Analysts and Interns into two of its major business segments: Benefits and Risk & Financial Services.

Benefits

We hire Health and Retirement actuarial and non-actuarial analysts and Interns into two areas within the Benefits Segment:

Health and Group Benefits:
Health and Group Benefits consultants provide advice on the strategy, design, financing, delivery, ongoing management and communication of health and group benefit programs. Retirement:
Our Retirement team provides expertise in retirement consulting to support organizations worldwide in designing, managing, administering and communicating all types of retirement plans.


Risk & Financial Services
We hire Life and Property & Casualty Actuarial Analysts and Interns into one area within the Risk & Financial Services Segment:

Risk Consulting & Software:
Insurance consultants offer innovative consulting services that help insurers manage risk and capital, improve business performance and create competitive advantage.

The Role
Actuarial Analyst, Non-Actuarial Analyst and Internships available
You will work beside some of the industry’s top consultants while you progress toward becoming a thought leader or actuary of the future. You will have immediate exposure to real client assignments which will draw on your imagination and creativity as well as your ability to analyze data, draw conclusions and present results. These experiences will help build your technical knowledge and overall industry expertise while you benefit from working in a close-knit and supportive team environment. Accepted applicants will be eligible for a comprehensive exam study program, including paid study hours and exam coaching to assist them in attaining the accredited designation of Actuary.

Your main responsibilities will be as follows:
People
 Build relationships internally and collaborate effectively on cross-functional teams
Client
 Partner with consultants to provide actuarial support on client projects. Depending on your area of specialty this might include some of the following client projects:
 Design, funding, pricing, implementation and management of a full array of health and group benefits or retirement programs
 Competitive benchmarking analysis of benefit plan designs
 Insurance pricing analyses to ensure that clients are competitive
 Financial modeling
 Development of insurance products
 Corporate restructuring and capital enhancement initiatives (demutualization, securitization, mergers & acquisitions)
 Forecasting and carrying out investment studies
 Performing asset/liability modeling
 Perform annual pension (qualified and nonqualified) and post-retirement medical valuations for a variety of clients. This entails manipulating data, analyzing data, determining plan liabilities, reconciling plan assets, and determining funding requirements
 Assist with completion of plan reporting and filing requirements
 Perform plan administrative tasks such as completing benefit calculations, reviewing plan documents and SPDs, and producing benefit statements
 Assist with special projects as needed
 Increase efficiency within client teams by identifying ways to improve processes
 Demonstrate natural ease and effectiveness when dealing with clients/colleagues at all levels
Financial
 Meet chargeable hours targets
 Contribute to sales and marketing efforts by supplying information for proposals
Excellence
 Develop professional expertise
 Develop technical knowledge and skills in the area you have chosen to focus on
 Deliver on projects to meet or exceed client expectations

Job Requirements

The Requirements
 
  • Bachelors or Master’s degree in actuarial science, mathematics, statistics, finance or any other major with significant quantitative course work with a minimum overall GPA of 3.0
  • Successful completion of one or more actuarial exams highly preferred
  • Work experience that demonstrates strong technical, and/or client service and leadership skills
  • Passion for solving problems and sharing solutions to exceed the standards of the client
  • Ability to be a self-starter and work independently, but also cooperatively in a close team environment
  • Excellent oral and written communication skills
  • Excellent Microsoft Office skills, particularly in Excel


 

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, age, protected veteran status or status as an individual with disability. All qualified applicants will not be discriminated against on the basis of disability.

Equal Employment Opportunity: http://www.dol.gov/ofccp/regs/compliance/posters/pdf/eeopost.pdf



Any unsolicited resumes/candidate profiles submitted through our web site or to personal e-mail accounts of employees of Willis Towers Watson are considered property of Willis Towers Watson and are not subject to payment of agency fees. In order to be an authorized Recruitment Agency/Search Firm for Willis Towers Watson, any such agency must have an existing formal written agreement signed by an authorized Willis Towers Watson recruiter and an active working relationship with the organization. Resumes must be submitted according to our candidate submission process, which includes being actively engaged on the particular search. Likewise, for our authorized Recruitment Agencies/Search Firms, if the candidate submission process is not followed, no agency fees will be paid by Willis Towers Watson.

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, protected veteran status or status as an individual with disability. All qualified applicants will not be discriminated against on the basis of disability.

Equal Employment Opportunity: Know your rights.
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