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London Market Pricing Actuarial Consultant

3 months ago

London, Greater London, United Kingdom Willis Towers Watson Full time

We are looking for an experienced pricing practitioner, with essential experience in the London Market (including case pricing) to join WTW as a London Market Pricing Actuarial Consultant.

You will join our general insurance practice within the wider UK Insurance Consulting and Technology ("ICT") line of business to help us develop our pricing advisory capability and work with some of the market's top thought leaders designing and implementing cutting-edge solutions to pricing and underwriting challenges faced by the world's leading commercial insurers.

In your role you will be helping our clients by:

Leading a project team to deliver client projects
Delivering pricing and underwriting capability reviews and pricing transformation engagements
Helping to build effective London Market pricing models, tools and processes
Bringing innovative data enrichment ideas to harness pricing insights and providing support with their implementation.
To build a market profile as a representative and advocate of WTW London Market pricing consulting services and software tools
Develop a trusted advisor relationship with client contacts through effective communication and efficient, quality execution of projects
Interface with colleagues from other practices and regions on assignments that reflect the client's broader business issues
Demonstrate commitment to WTW's professional standards in managing analyses and in communications with clients
Financial and business development

Use contacts within current network to obtain introductions to new contacts; Serve as a manager and mentor to more junior associates training them on the specificities of the London Market, including processes, systems and market operations.

Relevant demonstrable experience in a Commercial Lines pricing or portfolio management role in a London Market insurance firm or consultancy advising London Market clients on pricing and underwriting, may be a nearly or newly qualified actuary (FIA/FFA or equivalent)

Prior experience of building exposure, experience and stochastic models including fluency of using first loss curves and increased limit factors.

Advocate for the value of data enrichment in commercial lines pricing and underwriting
Exposure to machine learning or big data techniques beneficial
Solid experience with data manipulation packages (SAS, SQL, WPS, etc.)
Experience or interest in selling projects to insurance / financial institutions
Strong analytical and creative skills
Enjoy training / mentoring junior staff
The ability to see the "big picture", leveraging the resources of related practices to address the clients' business challenges
Availability to travel on an as needed basis, domestically and internationally
We are an equal opportunity employer committed to fostering an inclusive work environment throughout our organisation. We embrace all types of diversity.
Irrespective of which office you join, you will be part of the wider WTW community.

Our inclusion networks include Gender Equity, LGBT+, Multicultural, Workability and Young Professionals and our Corporate Social Responsibility group champions social and charitable activities in our local communities.

The majority of our colleagues work in a "hybrid" style, with a mix of at home and in-office interactions dependent on the needs of the team, role and clients.

Our flexibility is rooted in trust and "hybrid" is not a one-size-fits-all solution.

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