Actuarial Analyst - Associate Manager

Actuarial Analyst - Associate Manager

Full-Time 49500 - 60500 £ / year (est.) Home office (partial)
Willis Towers Watson

At a Glance

  • Tasks: Join our SRC team to provide data-driven insights and strategic advisory for leading organisations.
  • Company: Dynamic risk consulting firm with a focus on innovation and collaboration.
  • Benefits: Enjoy 25 days annual leave, private healthcare, hybrid working, and more!
  • Other info: Be part of a supportive team with excellent career growth opportunities and ongoing training.
  • Why this job: Make a real impact by helping clients navigate complex risks and optimise their insurance strategies.
  • Qualifications: Pursuing FIA/FFA qualification with experience in general insurance and advanced modelling skills.

The predicted salary is between 49500 - 60500 £ per year.

Description

Join our Strategic Risk Consulting (SRC) team and help leading organizations navigate complex risks through data-driven insights and strategic advisory.

As part of our Risk & Analytics division, you’ll collaborate with consultants, actuaries, and analysts to deliver solutions that strengthen resilience and drive sustainable business performance.

The Role

We are looking for an actuarial professional pursuing FIA/FFA qualification (or equivalent) with strong client-facing skills and commercial awareness to join our team of over 100 colleagues.

This role will centre on providing actuarial model-based insurance optimisation and captive optimisation advice to a wide range of corporate clients in geographies including GB, Ireland, Latin America, Asia, Pacific, CEEMEA, the Nordics and Spain.

You will be responsible for the delivery of outstanding client service and support for new and existing business across our range of actuarial and captive advisory services (pricing, capital, and reserving).

The role will play an active part in supporting business growth and revenue generation through proposal development, RFP responses, client retention initiatives, cross-selling opportunities and collaboration with CRB colleagues to win new business.

In particular, this means

  • Acting as a primary or secondary client contact, representing WTW in client meetings and contributing to the development and maintenance of key client relationships.
  • Assisting regional colleagues with the identification, development and delivery of client opportunities and projects.
  • Taking ownership of project delivery, managing project teams and reviewing and signing off technical deliverables where appropriate.
  • Supporting the development, coaching and performance management of colleagues and contributing to resource planning across the SRC International team.
  • Range of actuarial services
  • P&C Pricing and Optimisation
  • Lead projects to help clients to optimise their risk retention and insurance strategy.
  • Produce strategic recommendations based on model results to help clients manage risks more effectively and minimise total cost of risk.
  • Reserving, Capital Modelling, Solvency II
  • Produce actuarial reserving analysis for both our corporate clients and captive insurance clients, to support annual reporting requirements.
  • Support captive insurance clients through reserving, capital modelling, Solvency II reporting, actuarial function activities and regulatory compliance across multiple domiciles.

Review their Solvency Capital Requirements (SCR) and Technical Provision (TPs), periodically, and produce and present Actuarial Function reports.

  • Assist in developing assumptions, and challenging them where required, to ensure a robust risk management framework.
  • Support ongoing compliance with regulations and timely completion of regulatory returns across several captive domiciles (including Dublin, Malta, etc).

The successful candidate will also be involved in the delivery of ad-hoc projects which could include, but are not limited to:

  • Bespoke modelling.
  • Development of modelling tools.
  • Client pitches and Request for Proposals (RFPs).
  • Researching prospects and markets.

Manager of People

  • Responsible for managing and developing the skills, competencies and knowledge of colleagues including overseeing appraisals and objective setting whilst maintaining high levels of integrity, motivation and team morale.
  • Establish an environment that promotes respect, trust and well-being for the individual employee, by ensuring that team members have the opportunity to develop and progress their career, meeting skills or knowledge gaps with appropriate training.

The successful candidate will receive ongoing training and support within a stimulating, multi-disciplined team of actuaries and other risk professionals to further develop technical, commercial and management skills.

Qualifications

What you’ll bring

  • Pursuing FIA/FFA or equivalent qualification with demonstrable experience within the general insurance market.
  • Advanced computer modelling skills including MS Office.
  • Proficiency in one of R/R Shiny, Python, Power BI, RADAR, Igloo and Res Q.
  • Able to demonstrate experience of building actuarial loss forecast models for non-life insurance risks such as property and liability.
  • Capital Modelling, Reserving and Solvency II experience would also be desirable.
  • Intellectual curiosity to deliver insightful analysis to tight deadlines.
  • This is a client-facing role, and therefore the ability to effectively communicate complex concepts and results to external and internal clients is critical.
  • Experience in preparing and presenting results and recommendations reports in clear and actionable language. Excellent Power Point skills and attention to detail are essential.
  • The innovation and problem-solving abilities that are regularly required to design bespoke risk consulting solutions and models for our clients.
  • Experience managing project teams, resources and developing junior colleagues.
  • A natural team player and determined to deliver high-quality services to our clients, on time.
  • While the role will be based in London, you may be required to travel to meet clients.
  • Hungry to grow your business development capabilities.

What we offer

  • 25 days of annual leave plus an extra WTW day to relax and recharge.
  • private healthcare
  • life insurance
  • group income protection
  • regular health assessments
  • defined contribution pension scheme, featuring matched contributions up to 10% from the company
  • hybrid working options
  • employee assistance programme
  • fully paid volunteer day
  • electric vehicle car scheme
  • share scheme
  • cycle-to-work programme
  • dental and optical cover
  • critical illness protection
  • much more

Start making the most of your career and wellbeing with a range of benefits tailored for you.

Equal Opportunity Employer

We’re committed to equal employment opportunity and provide application, interview and workplace adjustments and accommodations to all applicants.

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Actuarial Analyst - Associate Manager employer: Willis Towers Watson

WTW is an exceptional employer that prioritises the professional and personal growth of its employees, offering a comprehensive benefits package that includes generous annual leave, private healthcare, and a robust pension scheme. The collaborative work culture fosters strong relationships across teams, while the opportunity to engage in meaningful projects within the affinity insurance sector allows for impactful contributions to the company's success. With hybrid working options and a commitment to employee wellbeing, WTW stands out as a rewarding place to build a fulfilling career.

Willis Towers Watson

Contact Details:

Willis Towers Watson Recruitment Team

We think you need these skills to ace Actuarial Analyst - Associate Manager

FIA/FFA qualification or equivalent
Client-Facing Skills
Commercial Awareness
Actuarial Modelling
Insurance Optimisation
Project Management
Data Analysis