At a Glance
- Tasks: Join our SRC team to provide data-driven insights and strategic advisory for leading organisations.
- Company: Dynamic risk consulting firm focused on innovation and collaboration.
- Benefits: 25 days annual leave, private healthcare, hybrid working, and a range of perks.
- Other info: Ongoing training and support in a multi-disciplined team with excellent career growth opportunities.
- 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.
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, Latin America, Asia, Pacific, 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 ResQ.
- 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 PowerPoint 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:
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.
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 candidatehelpdesk@wtwco.com
Associate Manager Actuarial Analyst in London employer: WTW
WTW is an exceptional employer that fosters a dynamic work culture, offering a hybrid work model that promotes flexibility and work-life balance. Employees benefit from comprehensive health insurance and have ample opportunities for professional growth within the M&A team, making it an ideal environment for those looking to thrive in a collaborative and innovative setting.
StudySmarter Expert Advice🤫
We think this is how you could land Associate Manager Actuarial Analyst in London
✨Dive Into Industry Networking Events
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✨Leverage Your Current Connections
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We think you need these skills to ace Associate Manager Actuarial Analyst 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.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at WTW. 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
✨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 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, 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'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.