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- Tasks: Support pricing optimisation and provide actuarial advice to corporate clients.
- Company: WTW, a global leader in risk management and analytics.
- Benefits: 25 days annual leave, private healthcare, hybrid working, and more perks.
- Why this job: Join a diverse team and make a real impact in risk management.
- Qualifications: Qualified FIA actuary or related degree; personal lines modelling experience preferred.
- Other info: Dynamic environment with opportunities for professional growth and community involvement.
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.
Responsibilities
- 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.
- Provide actuarial model-based insurance optimisation and captive optimisation advice to a wide range of corporate clients.
- 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.
Core Activities
- Pricing: 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.
- Risk Optimisation: The work we do is centred around improving our clients’ ability to manage risk. This includes tailoring their risk transfer to the insurance market, detailing the optimum path to managing non-insurable risks, or detailing the risks they face in the first place. A good candidate will be able to clearly articulate our current solutions and work to deliver the best result collaboratively.
- Capital and Reserving: In addition to pricing, the candidate will have the opportunity to broaden their experience by supporting our capital and reserving activities across a range of corporate and captive clients.
Qualifications
What you’ll bring:
- Professional qualifications: qualified FIA actuary
- Mathematics or related discipline degree level
- Personal lines modelling experience
- Commercial general insurance and London Market experience are beneficial but not essential.
Desirable Skills
- The ability to work well in a team and manage deadlines
- Client acumen
- Intellectual curiosity to deliver insightful analysis to tight deadlines
- Excellent communication and presentation skills
- Proficiency in MS Office
- Experience in using WTW software such as RADAR & Emblem will be beneficial
- Proficiency in R/R Shiny/Python and Power BI is 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 candidate.helpdesk@wtwco.com.
Pricing Actuary - Strategic Risk Consulting employer: WTW
Contact Detail:
WTW Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Pricing Actuary - Strategic Risk Consulting
✨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 all know that sometimes it’s not just what you know, but who you know that can help you land that dream job.
✨Tip Number 2
Prepare for interviews by researching the company and its culture. Understand their values and how they align with your own. We want you to walk into that interview room feeling confident and ready to show them why you’re the perfect fit for their team.
✨Tip Number 3
Practice your pitch! You should be able to clearly articulate your skills and experiences in a way that highlights how you can add value to the company. We recommend rehearsing with a friend or in front of a mirror until you feel comfortable.
✨Tip Number 4
Don’t forget to follow up after your interviews! A simple thank-you email can go a long way in leaving a positive impression. We suggest mentioning something specific from your conversation to remind them of your great chat.
We think you need these skills to ace Pricing Actuary - Strategic Risk Consulting
Some tips for your application 🫡
Tailor Your CV: Make sure your CV reflects the skills and experiences that match the Pricing Actuary role. Highlight your personal lines modelling experience and any relevant qualifications to grab our attention!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about risk management and how your background makes you a great fit for our team at WTW.
Showcase Your Analytical Skills: Since this role involves a lot of data-driven decision-making, be sure to include examples of how you've used analytical skills in past roles. We love seeing how you can turn data into insights!
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way to ensure your application gets to us quickly and efficiently. Plus, you’ll find all the info you need about the role there!
How to prepare for a job interview at WTW
✨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 models in previous roles. Show them you can not only crunch numbers but also explain the insights behind them.
✨Understand the Business
Familiarise yourself with WTW's approach to risk management and their specific services in Strategic Risk Consulting. Be prepared to discuss how your skills can help clients optimise their risk management strategies. This shows that you're not just a number-cruncher but someone who understands the bigger picture.
✨Communicate Clearly
Excellent communication skills are key for this role. Practice explaining complex actuarial concepts in simple terms. During the interview, aim to articulate your thoughts clearly and confidently, as this will reflect your ability to collaborate effectively with clients and colleagues.
✨Show Your Curiosity
Demonstrate your intellectual curiosity by asking insightful questions about WTW's projects and challenges. This not only shows your interest in the role but also highlights your proactive approach to problem-solving. Remember, they want someone who is eager to learn and grow within the company.
