At a Glance
- Tasks: Support client projects in reinsurance analytics and enhance risk understanding.
- Company: WTW, an inclusive employer committed to diversity and innovation.
- Benefits: 25 days annual leave, hybrid working, health benefits, and a pension scheme.
- Other info: Opportunity for professional growth and community engagement.
- Why this job: Join a dynamic team and leverage technology to make impactful decisions.
- Qualifications: Experience in reinsurance and strong analytical skills required.
The predicted salary is between 49500 - 60500 £ per year.
This job is with WTW, an inclusive employer and a member of myGwork – the largest global platform for the LGBTQ+ business community.
As part of our Global Specialty team within Insurance Consulting & Technology (ICT), you will support the broader business development agenda as well as contribute directly to the sale and delivery of client projects, with a focus on traditional and alternative reinsurance markets.
You will play a key role in helping clients enhance their understanding of risk, optimise their capital deployment and reinsurance strategies, and leverage our technology solutions to make more informed decisions. This includes hands-on technical development, collaboration with our technology teams, and regular engagement with clients.
This is an exciting opportunity for an analytically minded reinsurance professional who enjoys technical depth, problem solving, and working with innovative modelling tools within a highly collaborative global team.
The Role
Client Delivery & Technical Work
- Support and deliver pricing and risk modelling projects for traditional and alternative reinsurance structures, which will build on your knowledge of reinsurance agreements and key reinsurance contract features.
- Develop a strong, practical understanding of WTW’s Igloo Standard Model including:
- Data input tables
- Model methodologies
- Standard reporting and outputs
- Build an extensive understanding of the Igloo parametrisation tool and its application across client projects.
- Extract detailed model results and interpret Igloo code to support technical diagnostics and enhancement.
- Apply common methods for data ingestion and data output using: Python, Power Query, Power BI.
- Calibrate loss distributions for pricing, capital modelling, and portfolio analysis.
- Apply common reinsurance pricing methods.
Client Engagement & Relationship Building
- Communicate regularly with client stakeholders including:
- Capital modelling actuaries
- Reinsurance purchase teams
- Reinsurance pricing actuaries
- Underwriters
- Reinsurance brokers
- Capital markets teams
- Understand client needs and translate them into actionable modelling and analytical solutions.
- Support business development activities, including proposal development, thought leadership, and client presentations.
Internal Collaboration
- Work closely with colleagues across the Global Specialty team and other ICT offices.
- Build rapport with our Technology teams to enhance our software, tools, and analytical capabilities.
Qualifications
What you’ll bring
- Proven reinsurance experience with strong understanding of reinsurance principles, treaty structures, and pricing approaches.
- Technical aptitude and willingness to develop deep expertise in a modelling ecosystem (Igloo, Python, Power BI, etc.).
- Experience with analytical or actuarial work, ideally in pricing, risk modelling, or capital modelling.
We are looking for motivated individuals who:
- Are natural problem-solvers and self-driven in their learning.
- Enjoy technical, actuarial, and analytical work with a hands-on mindset.
- Bring a “can do” attitude and thrive in a dynamic project environment.
- Are comfortable communicating with clients regularly and building strong professional relationships.
- Are curious, proactive, and eager to explore how technology can enhance client outcomes.
- Are diligent and detail-oriented, but also able to step back and consider the bigger picture.
- Demonstrate strong time management and organisational skills.
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.
Reinsurance Analytics Consultant in Slough employer: WTW
WTW is an exceptional employer that prioritises inclusivity and employee wellbeing, offering a comprehensive benefits package that includes 25 days of annual leave, private healthcare, and a defined contribution pension scheme. The work culture fosters professional growth through hybrid working options and opportunities to engage in meaningful community service, making it an ideal environment for those looking to develop their careers while contributing positively to society.
StudySmarter Expert Advice🤫
We think this is how you could land Reinsurance Analytics Consultant in Slough
✨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). 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. 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 Reinsurance Analytics Consultant in Slough
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.
