At a Glance
- Tasks: Join our team to lead high-quality reserving projects and engage with top industry experts.
- Company: WTW, a leader in insurance consulting with a diverse and supportive culture.
- Benefits: Enjoy 25 days leave, private healthcare, hybrid working, and a range of perks.
- Other info: Opportunity for mentorship and professional growth in a dynamic environment.
- Why this job: Make an impact in the insurance sector while developing your career with innovative solutions.
- Qualifications: Experience in non-life insurance reserving and strong project management skills required.
The predicted salary is between 54000 - 66000 £ per year.
We are looking for an experienced reserving actuary to join WTW as a consultant in our general insurance practice within the wider UK Insurance Consulting and Technology (“ICT”) line of business. The successful applicant will help us further develop our reserving practice and contribute to adjacent areas, including capital and pricing.
This role offers the opportunity to work alongside some of the market’s top thought leaders on both client engagements and intellectual property development projects, primarily across our market‑leading reserving offerings. You will also have exposure to, and the chance to influence the direction of, our cutting‑edge propositions. We are committed to providing training and support to help you thrive in areas that interest you, enabling you to build a rich and rewarding career in a diverse, multi‑disciplinary team.
The Role
We are looking to grow our UK non‑life reserving team through hiring high‑quality insurance practitioners with the experience and skills to provide market‑leading solutions to our clients. In this role, you will have the opportunity to:
- Lead the delivery of high‑quality work in line with agreed deadlines for our broad set of clients, including Lloyd’s managing agencies, multinational (re)insurers, UK and European domestic insurers and niche market players.
- Conduct independent reserve reviews and engage in other reserving offerings including process transformation & automation, methodology reviews, ResQ and Machine Led Reserving (MLR) implementations, M&A due diligence, outsourced reserving functions, IFRS17 and Solvency II client engagements.
- Utilise your imagination and creativity, along with your technical reserving expertise, interpret data, apply your insurance market experience, draw conclusions and present model results.
- Lead or contribute to UK, European or global thought leadership initiatives, working to develop and deliver innovative and commercially important work streams, including advanced analytics and reserving transformation.
- Manage projects or substantial work streams from conception through to delivery, including client communications and junior colleague management, with appropriate support based on your experience.
- Contribute to business development through establishing and maintaining relationships with client contacts, contributing to proposals and/or speaking at WTW or external events.
- Support people and team development through line management, mentoring, recruitment and/or leading training sessions.
- Collaborate with teams of capital, risk, exposure management, pricing, portfolio management, underwriting, finance and claims experts as part of our broader offering to clients.
Qualifications
What you’ll bring:
- Non‑life insurance background, with extensive reserving experience.
- Strong knowledge of London Market or Commercial Lines classes with significant experience in a reserving or mixed role at an insurance firm or consultancy.
- Ability to write client deliverables/reports in a clear, concise and appropriate style.
- Experience presenting results, including communicating key uncertainties, to senior colleagues or clients.
- Ability to see the "big picture", leveraging the resources of related practices to address clients’ business challenges.
- Proven project management, task prioritisation, delegation and time management skills.
- Personable, approachable and enthusiastic team player.
- Qualified actuary (FIA or equivalent) or experience working in this role.
- Availability to travel to our UK offices or client site as needed.
- Experience with coding languages would be desirable.
- Experience or interest in latest AI developments desirable.
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.
P&C Reserving Consultant in London employer: WTW group
WTW group offers a dynamic work environment that fosters collaboration and innovation, as seen in roles like the Global Marine Marketing Lead, which emphasizes teamwork and strategic engagement. The company provides opportunities for professional growth through hands-on experiences, such as internships and graduate programs in Insurance Technology, allowing employees to develop practical skills in a supportive setting. Additionally, WTW group is committed to maintaining high standards of service and governance, ensuring a stable and rewarding workplace.
StudySmarter Expert Advice🤫
We think this is how you could land P&C Reserving Consultant in London
✨Dive Into Industry Networking Events
Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.
✨Use LinkedIn to Your Advantage
Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like WTW group). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.
✨Leverage Your Current Connections
Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like WTW group. Don’t shy away from asking for a coffee chat; you never know what doors it might open!
We think you need these skills to ace P&C Reserving Consultant in London
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 WTW group.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at WTW group. 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 WTW group
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at WTW group to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
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 WTW group, 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 WTW group'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.