Senior Actuarial Analyst P&C Commercial Lines Pricing

$125,000 - $125,000/Yr

Willis Towers Watson - Hartford, CT

Full-time - Mid Level

Hartford, CT

Insurance Carriers and Related Activities

About the position

WTW is seeking a Senior Actuarial Analyst with a strong background in pricing actuary and commercial P&C insurance experience within the U.S. market to join our Insurance Consulting and Technology (ICT) practice. In this pivotal role, you will work closely with a diverse team of experts in pricing, portfolio management, underwriting, technology, and claims to provide comprehensive advisory and technology solutions tailored to our commercial insurance clients. The ICT practice is designed to deliver a unique blend of advisory services and cutting-edge technology solutions, all supported by exceptional analytical capabilities. WTW is committed to expanding its North America P&C practice, particularly in the Commercial P&C Insurance sector. Our Commercial Lines practice offers a wide range of advisory and technology solutions aimed at enhancing insurers' speed to market and operational efficiency. This includes capabilities benchmarking, predictive modeling, competitive market strategy, and the implementation of underwriting, claims, and actuarial technology solutions. As a Senior Actuarial Analyst, you will participate in various client projects, which may involve developing and evaluating predictive models, building raters, and conducting capabilities benchmarking. You will also be responsible for utilizing WTW's technology products to enhance client engagements and demonstrate these technologies to both existing and prospective clients. Your role will include contributing to the development of WTW's intellectual capital and future proposition development, including strategies for market entry. Meeting billable hour targets and supporting the team in sales efforts will be essential, as will building strong internal relationships and collaborating effectively across cross-functional teams.

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 innovative 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

• 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, Identity 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). All Level 38 and more senior roles may also be eligible for non-qualified Deferred Compensation and Deferred Savings Plans.