Actuarial Analyst, Strategic Risk Consulting - Thane, India - Willis Towers Watson

Description

Job Description

The Company and the Team

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 and their major risks, and to connect risk management decisions with corporate financial performance objectives.

The Role - Actuarial Analyst

Working within this rapidly growing global team of over 100 risk consultants, this role will centre on providing actuarial model-based insurance optimisation and captive optimisation advice to a wide range of corporate clients all over the world.

You will be hungry to grow the depth and breadth of your actuarial modelling capabilities and have both the innovation and problem solving abilities that are regularly required to develop bespoke, and often complex models for our clients.

For the successful candidate this role offers a stimulating, internationally-focused opportunity to stretch your existing actuarial capabilities, and to develop your project management, and client-facing skills. Following qualification you can look forward to business development and management opportunities.

P&C Pricing and Optimisation

1. Help clients to optimise their insurance strategy by ensuring that the price they pay is optimum for the level of risk being transferred.
2. Construct forward looking actuarial loss forecast models for corporations across all geographies and industries.
3. Produce strategic recommendations based on model results to help clients manage their risks more effectively.

Capital Modelling and Solvency II

1. Providing an objective view of the profitability and financial strength of captive insurers
2. Actively contribute to the Actuarial Function of these Captive Insurers and review their Solvency Capital Requirements (SCR) and Technical Provision (TPs), periodically
3. Assist in developing assumptions, and challenging them where required, to ensure a robust risk management framework.
4. Support ongoing compliance with regulations and timely completion of regulatory returns across a number of domiciles

P&C Reserving

1. Work collaboratively with fellow colleagues to produce actuarial reserving analysis for both our corporate clients and captive insurance clients.
2. Write client deliverables / reports in a clear, concise and appropriate style. Aside from the core activities described above, the successful candidate will also be expected to assist with ad-hoc projects which could include, but are not limited to:

• Bespoke modelling
• Development of modelling tools.
• Assisting with client pitches and Request for Proposals (RFPs).
• Researching prospects and markets.
• ERM projects.

The successful candidate will receive training and study support within a stimulating, multi-disciplined team of actuaries and other risk professionals to develop their technical, commercial and management skills.

Qualifications

Essential Requirements for the Role

Location: Mumbai

Experience of 0 - 2 years, with keen interest in General Insurance

Actuarial Papers - 2-4 exams to be cleared

1. Highly numerate with a recognised degree.
2. Spoken and written English must be at native speaker level.
3. A commitment to pursuing actuarial qualifications.
4. Excellent MS Office skills.
5. Strong communication skills
6. A natural team player and ready to do whatever it takes to deliver high quality services to our clients, on time.
7. Willingness to travel