Senior Actuarial Analyst - P&C Commercial Lines Pricing

$125,000 - $125,000/Yr

Willis Towers Watson - Chicago, IL

Full-time - Mid Level

Chicago, IL

Insurance Carriers and Related Activities

About the position

WTW is looking for a pricing actuary with commercial P&C insurance experience in the U.S. market to join as a Senior Actuarial Analyst in our Insurance Consulting and Technology (ICT) practice. In this role, you will collaborate with our team of pricing, portfolio management, underwriting, technology, and claims experts to deliver advisory and technology solutions to our commercial insurance clients. ICT provides a powerful combination of advisory services for insurance companies, integrated with leading-edge technology solutions and software, all underpinned by unparalleled analytical capability. WTW has ambitious growth plans for our North America P&C practice, especially for Commercial P&C Insurance. Our Commercial Lines practice delivers a myriad of advisory and technology solutions to support insurers in increasing speed to market and efficiency, including capabilities benchmarking, predictive modeling, competitive market strategy, and implementing underwriting, claims, and actuarial technology solutions.

Responsibilities

• Participate on teams to deliver client projects, such as developing and evaluating predictive models, building raters, capabilities benchmarking, and implementing technology.
• Develop actuarial and market knowledge to establish subject matter expertise.
• Utilize WTW's technology products to deliver client engagements and support in demonstrating technology to existing and potential clients.
• Contribute to the development of WTW's intellectual capital and future proposition development, including go-to-market strategy.
• Meet billable hour target and support the team in sales, operating as a highly respected and effective consultant.
• Build relationships internally and collaborate effectively on cross-functional teams.

Requirements

• Minimum of 4 years industry experience
• Experience in actuarial pricing at a large commercial insurer
• Understanding of core P&C commercial lines insurance products
• Capable of leveraging past experience and expertise to adapt to current projects and challenges outside of core skill set
• Comfortable navigating ambiguity and developing innovation solutions
• Available to travel as needed.

Nice-to-haves

• Progress toward FCIA/FCAS/FIA credentials
• Exposure to WTW's Radar Suite of technology
• Experience leading or participating on actuarial transformation projects
• Participation in a rotational training program or exposure to multiple lines of business.

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
• Work/Life Resources (including Employee Assistance Program)
• Paid Holidays
• Annual Paid Time Off (includes paid state/local paid leave where required)
• Short-Term Disability
• Long-Term Disability
• Other Leaves (eg, Bereavement, FMLA, ADA, Jury Duty, Military Leave, and Parental and Adoption Leave)
• Paid Time Off (Washington State only)
• Contributory Pension Plan
• Savings Plan (401k)
• Non-qualified Deferred Compensation and Deferred Savings Plans (for Level 38 and more senior roles).