At a Glance
- Tasks: Lead client relationships and advise on demographic risk modelling in life insurance.
- Company: Join a leading advisory firm with a focus on innovation and collaboration.
- Benefits: Enjoy 25 days leave, private healthcare, and a pension scheme with matched contributions.
- Other info: Flexible working options and a supportive environment for professional growth.
- Why this job: Make a real impact in the life insurance sector while developing your expertise.
- Qualifications: Experience in life insurance or actuarial consulting with strong stakeholder engagement skills.
The predicted salary is between 121500 - 148500 £ per year.
Description
We are seeking a highly motivated and commercially minded Senior Director to support the growth of our Life Insurance Advisory business across EMEA.
The successful candidate will be responsible for developing and strengthening relationships with the heads of relevant functions in client organisations, developing and deploying intellectual property to support clients' demographic assumption-setting and risk modelling, and advising clients on demographic aspects of M&A and risk-transfer transactions.
They will collaborate widely with other teams and stakeholders to provide advice on demographics across a wide range of different project types.
This role would suit an individual with a desire to deepen their existing specialism in the field of longevity and biometric risk, who is also interested in supporting PRT transaction work including pricing.
The Role
Key Responsibilities
- Client Relationship Management
- Develop and deepen relationships with such stakeholders as the heads of functions responsible for longevity, mortality, morbidity and other demographic assumptions for pricing, reserving or risk modelling, across EMEA life insurers.
- Act as a trusted advisor to clients on the setting and review of demographic assumptions, demographic risk modelling methods and the calibration and validation of Internal Models for demographic risk.
- Represent the firm at industry conferences and in client meetings.
- Mortality / Longevity / Biometric assumptions domain expertise
- Advise clients on a broad range of mortality/longevity-related topics, including:
- Assumption-setting methodologies
- Independent reviews of pricing/reserving assumptions
- Incorporation of external data and information into modelling
- Internal Model (or broader economic capital model) development, calibration and validation
- Transaction-related assumptions, including for PRT deals
- Contributing to the direction of, and delivering / reviewing content for, a regular research bulletin for client use.
- Support on PRT pricing work
- Intellectual property development
- Lead work on the development of intellectual property for deployment within the field of demographic assumption / risk.
- Business Development
- Identify relevant emerging market trends and opportunities within the life insurance market.
- Develop thought leadership materials and market insights.
- Contribute to sales strategy, pipeline development, and revenue growth objectives.
- Collaborate across advisory, actuarial, broking, investment, and M&A teams to deliver integrated client solutions.
- Internal Leadership
- Mentor and support other team members.
- Internal Leadership
- Mentor and support other team members.
Qualifications
- What you’ll bring
- Proven experience within life insurance, reinsurance, consulting or other actuarial advisory.
• You will have
- carried out and interpreted the results of investigations (e. g. analyses of mortality experience) which support assumption-setting processes and communicated the results of such investigations to senior stakeholders
- engaged in research to support demographic assumption-setting, covering (for example) literature reviews of epidemiological papers, or fitting models to public-domain data, using third-party data to enrich your own portfolio experience data, etc.
- developed a detailed understanding of statistical methods used within the context of demographic assumptions or demographic risks, when and how it is appropriate to use those methods, and the limitations of those methods
- In all of the above, some exposure to mortality/longevity assumptions/risks would be preferred, but candidates with experience of morbidity assumption-setting will also be considered.
- Experience of interacting with senior stakeholders.
- Strong commercial and business development skills.
- Knowledge of major EMEA life insurance markets.
• You may also have
- advised other stakeholders on the correct application of demographic assumptions, or provided critical review of the appropriateness of certain assumptions for the purpose for which they were being used
- worked on the development or validation of Internal Models (Solvency II/Solvency UK) of demographic risks
- carried out demographic analyses within the context of assumption-setting for PRT pricing
- previously worked for a consultancy, engaged with external clients (or stakeholders from outside of your business unit) and had to manage multiple competing demands.
- established connections with other demographic experts across the industry, or contributed to presentations on demographic topics at industry events.
- Preferred Qualifications
- Qualified actuary with post-qualification experience in a relevant discipline.
- Key Competencies
- Project management and strong teamwork skills
- Technical statistical knowledge
- Presentation and written communication: the successful candidate will be comfortable engaging in technical discussions as well as communicating complex demographic information in simple terms when required
- Curiosity and inquisitiveness
- Innovation: the successful candidate will show willingness to develop and test novel solutions, whilst managing project delivery risks to within acceptable levels
- Success Measures
• The successful candidate will
- Maintain and grow relationships with key stakeholders related to demographic assumptions and demographic risks across EMEA life re/insurers.
- Deliver measurable revenue growth through advisory and transaction mandates.
- Enhance the firm's reputation as a leading advisor in the EMEA life insurance market.
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
Senior Director - Demographics/PRT Expert 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 Senior Director - Demographics/PRT Expert 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 Senior Director - Demographics/PRT Expert 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.
