The Role
Willis Towers Watson operates a number of outsourced actuarial function projects for a variety of Life Insurance companies in the UK.
Such projects are delivered by a strong collaborative outsourcing team across WTW India and WTW UK offices. As a nearly or recently qualified actuary in the Life Actuarial Outsourcing team, you will be working as part of the financial reporting time for one such project.
This will cover all areas of actuarial work, from Solvency II valuations, IFRS, ORSA, with-profits and strategic projects, including the opportunity to be involved in an IFRS17 implementation project.
You will be part of a strong, diverse and dedicated team of associates who work in the outsourcing team.
You will have regular engagement with the client, including communicating results (to both actuaries and non-actuaries) and advising on a wide range of actuarial matters.
This is a unique opportunity to join a consultancy practice but work in a team that operates like an insurance company giving you wide-ranging exposure and experience. Key aspects of the role include:
Actuarial responsibilities
- Technical review of all major actuarial work, from quarterly SII reporting, experience investigations, ORSA, IFRS, with-profits and through to other actuarial projects as they arise.
- Involvement in the upcoming IFRS17 implementation.
- Strong technical and actuarial skills to interpret, challenge and review a variety of actuarial results (analysis of change, sensitivities, etc)
- Reviewing of Solvency II reporting and other metrics (IFRS / EV)
- Report into senior actuaries (such as Head of Reporting)
- Preparing drafts of reports and able to explain results appropriately.
- Advise the junior team on methodology and approach.
- Complete work in adherence to professional excellence and external standards and enforce these within the team
Management
- Deliver work in accordance to financial reporting timetables.
- Liaise with the client to ensure the timetables and deadlines are mutually achievable.
- Work with the Head of Reporting to ensure the team is suitable resourced and manage upcoming priority and workflow.
People
- Build relationships internally and collaborate effectively on cross-functional teams
- Demonstrate natural ease and effectiveness when dealing with clients/colleagues at all levels.
- Takes an active interest in the development of more junior staff, sharing in detail completion of routine tasks.
Client/Account Management
- Outsourcing contracts are long-term, and you will be involved in nurturing and managing the relationship with the client.
- Deliver on projects to meet or exceed client expectations.
Continuous improvement
- Proactively seek and drive improvements to all aspects of the outsourcing project. This may be through a variety of process, system and people related improvements.
- Work with the continuous improvement manager to ensure these are delivered and that the job and team is operating efficiently and effectively.
The Requirements
- At least 4-6 years of experience in a life insurance actuarial team.
- Recently qualified actuary from Institute of Actuaries of India or Institute and Faculty of Actuaries, UK, or only 1-2 exams left for qualification.
- Basic coding under R, VBA, Python, SQL or Powershell.
- Experience and expertise delivering a range of financial and actuarial reporting, with Solvency II, reporting experience is highly preferable.
- Excellent Microsoft Office skills, particularly Excel and PowerPoint
- Working knowledge in actuarial software such as Prophet / RAFM etc
- Flexibility and proven ability to diagnose and resolve issues
- Strong analytical and creative skills
- A willingness and keenness to learn and develop within a growing team.
- A demonstrable track record in delivering high quality output.
- Strong sense of personal accountability and drive to improve the way we work.
- Excellent stakeholder engagement, interpersonal and team skills
- Ability to work within teams.
- Proven delegation skills and a natural desire to coach and mentor junior associates
- Office location: Gurugram
Willis Towers Watson is an equal opportunities employer and does not discriminate on any basis.
