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Property & Casualty Actuarial Consultant - Reserving

at WTW in Chicago, Illinois, United States

Job Description

We are seeking an Actuarial Property & Casualty Consultant with pricing and loss reserving skills. Data science/management experience will be helpful for this role. You will be developing and delivering pricing analyses, predictive modelling activities and reserve studies for our insurance company clients. You will play an increasing role in our marketing efforts and the growth of this practice area as you progress to the next level. You will play an increasing role as a project manager as you progress to the next level, bringing order and process to the client teams with whom you work and you will serve as a resource to analysts as you help them build their technical and client-facing expertise.

Note: Employment-based non-immigrant visa sponsorship and/or assistance is not offered for this specific job opportunity.

The Role

+ Meet billable hour goals as described by your manager

+ Draft project plans and budgets involving multiple workflow streams and client teams

+ Develop a trusted advisor relationship with client contacts through effective communication and efficient, quality execution of projects

+ Manage client expectations and raise appropriate issues to other Consultants, Senior Consultants and Client Relationship Managers

+ Interface with colleagues from other practices and regions on assignments that reflect the client’s broader business issues

+ Contribute to intellectual property development and research efforts, including development of new tools and approaches

+ Build relationships internally and collaborate effectively on cross-functional teams

+ Demonstrate natural ease and effectiveness when dealing with clients/colleagues at all levels

The Requirements

Must Haves:

+ Experience in PC pricing, predictive modelling and loss reserving

+ Strong analytical skills including ability to draw conclusions and identify trends from data in a logical, systematic way

+ Proven experience successfully managing multiple projects and producing quality deliverables on time and within budget

+ Strong interpersonal and team skills

+ Flexibility and proven ability to diagnose and resolve issues

+ The ability to see the “big picture,” leveraging the resources of related practices to address clients’ business challenges

+ Working knowledge of Microsoft Excel, Project and Word

+ Availability to travel on an as needed basis

+ Undergraduate degree

Nice to Haves:

+ Experience working in an actuarial consulting environment

+ Solid experience using Emblem, Radar, Python, R and ResQ

+ Actuarial exam progress toward ACAS and/or FCAS credentials

Compensation and Benefits

Base salary range and benefits information for this position are being included in accordance with requirements of various state/local pay transparency legislation. Please note that salaries may vary for different individuals in the same role based on several factors, including but not limited to location of the role, individual competencies, education/professional certifications, qualifications/experience, performance in the role and potential for revenue generation (Producer roles only).

Compensation

The base salary compensation range being offered for this role is $100,000 – $135,000. This role is also eligible for an annual short-term incentive bonus.

Company Benefits

WTW provides a competitive benefit package which includes the following (eligibility requirements apply):

Health and Welfare Benefits: Medical (including prescription coverage), Dental, Vision, Health Savings Account, Commuter Account, Health Care and Dependent Care Flexible Spending Accounts, Group, Accident, Group Critical Illness, Life Insurance, AD&D, Group Legal, Identify Theft Protection, Wellbeing Program and Work/Life Resources (including Employee Assistance Program)

Leave Benefits: Paid Holidays, Annual Paid Time Off (includes paid state /local paid leave where required), Short-Term Disability, Long-Term Disability, Other Leaves (e.g., Bereavement, FMLA, ADA, Jury Duty, Military Leave, and Parental and Adoption Leave)

Retirement Benefits: Contributory Pension Plan and Savings Plan (401k). Certain senior level roles may also be eligible for non-qualified Deferred Compensation and Deferred Savings Plans

EOE, including disability/vets

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Job Posting: JC240791835

Posted On: May 24, 2023

Updated On: Jun 09, 2023

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