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- Tasks: Provide pricing optimisation and actuarial advice to corporate clients on risk management.
- Company: WTW, a global leader in risk and analytics solutions.
- Benefits: Competitive salary, flexible working options, and professional development opportunities.
- Why this job: Join a diverse team and make a real impact on corporate risk strategies.
- Qualifications: Qualified actuary with pricing experience and strong analytical skills.
- Other info: Dynamic work environment with opportunities across various industries.
The predicted salary is between 28800 - 48000 £ per year.
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 their major risks, and to connect risk management decisions with corporate financial performance objectives.
We are looking for a 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:
- 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.
- Providing actuarial model-based insurance optimisation and captive optimisation advice to a wide range of corporate clients.
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.
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.
The work we do is centred around improving our clients’ ability to manage risk.
Pricing Actuary - Strategic Risk Consulting in London employer: Willis Towers Watson
Contact Detail:
Willis Towers Watson Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Pricing Actuary - Strategic Risk Consulting in London
✨Tip Number 1
Network like a pro! Reach out to your connections in the industry, attend relevant events, and engage with professionals on platforms like LinkedIn. We can’t stress enough how personal connections can open doors to opportunities that aren’t even advertised.
✨Tip Number 2
Prepare for interviews by researching the company and its culture. Understand their approach to risk management and pricing strategies. We recommend practising common interview questions and tailoring your answers to showcase how your skills align with their needs.
✨Tip Number 3
Showcase your expertise! Bring along examples of your previous work or case studies that highlight your skills in pricing optimisation and risk management. We believe that demonstrating your experience can set you apart from other candidates.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we often have exclusive roles listed there that you won’t find anywhere else. So, keep an eye out and get your application in!
We think you need these skills to ace Pricing Actuary - Strategic Risk Consulting in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Pricing Actuary role. Highlight your relevant experience in pricing optimisation and risk management, and don’t forget to showcase any specific skills like GLMs and GBMs that are mentioned in the job description.
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you’re passionate about joining WTW and how your background aligns with the Strategic Risk Consulting team. Be sure to mention any unique experiences that set you apart from other candidates.
Showcase Your Analytical Skills: As an actuary, analytical skills are key. In your application, provide examples of how you've used data-driven insights to solve problems or improve processes in previous roles. This will demonstrate your ability to contribute to our clients’ success.
Apply Through Our Website: We encourage you to apply through our website for a smoother application process. It’s the best way to ensure your application gets into the right hands and shows us you’re serious about joining our team!
How to prepare for a job interview at Willis Towers Watson
✨Know Your Numbers
As a Pricing Actuary, you'll need to demonstrate your expertise in personal lines pricing. Brush up on your GLMs and GBMs, and be ready to discuss how you've applied these in previous roles. Prepare specific examples of how your pricing models have positively impacted clients.
✨Understand the Business
Familiarise yourself with WTW's approach to risk management and their strategic goals. Research their recent projects and case studies in Strategic Risk Consulting. This will help you connect your skills to their needs and show that you're genuinely interested in their work.
✨Ask Insightful Questions
Prepare thoughtful questions about the role and the team dynamics. Inquire about the challenges they face in pricing optimisation or how they measure success in their consulting projects. This shows your engagement and helps you assess if the company is the right fit for you.
✨Showcase Your Soft Skills
While technical skills are crucial, don't forget to highlight your communication and teamwork abilities. Discuss how you've collaborated with cross-functional teams or communicated complex actuarial concepts to non-technical stakeholders. This will demonstrate your ability to thrive in a diverse team environment.