At a Glance
- Tasks: Lead innovative pricing solutions for the UK general insurance market and collaborate with top industry experts.
- Company: Join WTW, a leader in insurance consulting with a focus on technology and innovation.
- Benefits: Enjoy 25 days annual leave, private healthcare, hybrid working, and a range of additional perks.
- Other info: Opportunity to mentor junior associates and contribute to cutting-edge analytical approaches.
- Why this job: Make a real impact in the insurance sector while developing your skills and career.
- Qualifications: Experience in pricing/underwriting within UK personal lines insurance and strong project management skills.
The predicted salary is between 60750 - 74250 £ per year.
We are looking for an experienced senior pricing practitioner, with specific experience in the UK general insurance personal lines market to join WTW as a Personal Lines Pricing Associate Director. You will join our UK and Ireland general insurance practice within the wider Insurance Consulting and Technology (“ICT”) division, to help us to grow and develop our pricing advisory capability.
You will work beside some of the market’s top thought leaders designing and implementing cutting-edge solutions to the pricing and underwriting challenges faced by the UK’s leading general insurers and intermediaries. In your role you will be helping our broad range of UK personal lines pricing and underwriting clients by:
- Delivering best in class pricing and underwriting capability and process reviews
- Designing appropriate pricing analytics and helping to build effective pricing models, tools and processes using a wide range of data science techniques
- Supporting the design and delivery of appropriate underwriting approaches in line with client portfolio management strategy
- Designing and building sophisticated MI and portfolio management capabilities
- Leveraging your market knowledge in developing cutting edge personal lines pricing solutions in collaboration with various teams from across WTW
The Role:
- To build and develop a market profile as a representative and advocate of WTW pricing consulting services and technology solutions
- Manage workstreams within large projects, overseen by senior colleagues but with responsibility for communication with clients and the day-to-day running of projects
- Work collaboratively across a range of projects and internal management and innovation responsibilities, managing priorities and resources appropriately
- Develop a trusted advisor relationship with client contacts through effective communication and efficient, high quality execution of client work
- Willingly and energetically become involved across a variety of work to ensure that a broad skill set (technical, management and client) is maintained and developed
- Interface with colleagues from other specialisms, practices and regions on assignments that reflect a client’s broader business challenges and needs
- Contribute to the development of the company’s intellectual capital including the plans for taking this to market
- Develop and present proposals to potential clients, demonstrating the commercial value of our offerings
- Build relationships internally and collaborate effectively on cross-functional teams
- Opportunity to serve as line manager or mentor to more junior associates
Qualifications:
- Demonstrable experience of pricing and/or underwriting, and of interactions with adjacent functions, in a UK general insurance firm – (personal lines) – either with experience across multiple lines of business or a deep expertise in a particular line
- A commercial mindset and “finisher” attitude, focussed on tangible outcomes
- An advocate for the development of analytical approaches and the adoption of new techniques, including data science, machine learning and AI
- Strong interpersonal and team skills
- Excellent project management skills
- The ability to see the "big picture”, engaging and leveraging the resources of adjacent specialisms to address clients’ business challenges
- Occasional domestic travel required
What we offer:
Enjoy a benefits package designed to help you thrive, both professionally and personally. You’ll receive 25 days of annual leave plus an extra WTW day to relax and recharge. Our comprehensive health and wellbeing offering includes private healthcare, life insurance, group income protection, and regular health assessments, all giving you peace of mind. Secure your future with our defined contribution pension scheme, featuring matched contributions up to 10% from the company. We support your growth and balance with hybrid working options, access to an employee assistance programme, and a fully paid volunteer day to make a difference in your community. On top of these, you can opt into a variety of additional perks including an electric vehicle car scheme, share scheme, cycle-to-work programme, dental and optical cover, critical illness protection, and 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. If you foresee any barriers, from the application process through to joining WTW, please email.
Director - Actuarial Non-Life (Re) Insurance Consulting in Reigate employer: Willis Towers Watson
Willis Towers Watson is an exceptional employer, offering a dynamic work culture that fosters collaboration and innovation within the insurance sector. Employees benefit from comprehensive growth opportunities, competitive compensation, and a supportive environment that values professional development, all while being part of a leading global firm located in the heart of the UK. Join us to make a meaningful impact in the industry and build lasting relationships with key partners.
StudySmarter Expert Advice🤫
We think this is how you could land Director - Actuarial Non-Life (Re) Insurance Consulting in Reigate
✨Dive Into Industry Networking Events
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We think you need these skills to ace Director - Actuarial Non-Life (Re) Insurance Consulting in Reigate
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at Willis Towers Watson.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Willis Towers Watson. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at Willis Towers Watson
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Willis Towers Watson to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
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In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at Willis Towers Watson, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding Willis Towers Watson's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.