Actuarial Consultant (L&H Technology)

Description

We are looking for an analytical individual with experience in financial modelling in actuarial software within the life insurance industry. A keen interest in developing business automation solutions is essential. This is a unique opportunity to apply automation technology skills to actuarial work, helping our clients use technology and leading-edge software to optimize their processes and transform their actuarial and finance businesses.

Our insurance consulting and technology (ICT) practice includes over 1,300 insurance practitioners with expertise across markets, geographies, and disciplines. We apply actuarial principles to develop value propositions in some of the most innovative life actuarial software in the market.

The role

As an Actuarial Consultant - Life Technology, you will apply automation technology skills to actuarial work, assisting clients in optimizing their processes and transforming their actuarial and finance businesses.

In this role, you will be:

• Working on actuarial modelling projects using proprietary software for tasks like statutory liability computation, pricing, embedded value, and appraisal value.
• Implementing IFRS17 and asset liability management projects.
• Supporting the development and delivery of automated solutions for clients.
• Undertaking substantial work streams in process transformation projects.
• Collaborating with project leaders to understand priorities.
• Developing an understanding of the life insurance industry, its products, and actuarial models, along with familiarity with proprietary software solutions.
• Contributing to revenue generation by identifying new client offerings to meet evolving business objectives.
• Building intellectual capital, pursuing innovation opportunities, and participating in learning and development opportunities.
• Managing junior colleagues, developing their knowledge, and managing career progression.
• Building and leveraging client relationships and introducing clients to WTW offerings.
• Providing insights and solutions based on analysis.
• Assisting senior leadership in developing business automation solutions.
• Delivering work within project deadlines and meeting client expectations.
• Documenting actuarial model changes and summarizing results.
• Ensuring effective communication within the team and with clients, working collaboratively.
• Building strong internal relationships and effective collaboration across geographical boundaries.
• Demonstrating effectiveness in client and colleague interactions.
• Adhering to WTW values: Client Focus, Teamwork, Integrity, Respect, and Excellence.

Qualifications

The requirements

• 4-6 years of experience in an actuarial role in the life insurance team of an insurance company or at a consulting/financial services firm.
• Minimum 2 years of experience building cashflow models or automation engines for reporting purposes using actuarial software.
• Completion of at least 9 actuarial examinations from either the Institute of Actuaries of India or the Institute and Faculty of Actuaries, UK.
• Proficiency in Microsoft Office tools.
• Experience writing/editing code in VBA, Python, SQL, or PowerShell.
• Ability to independently lead a team to deliver solutions using actuarial software.
• Interest and aptitude for learning new coding languages and technology.
• Proven ability to diagnose and resolve issues with a strong client service orientation.
• Strong working knowledge of reserving, pricing, embedded values, and other common technical actuarial topics.
• Strong communication and analytical skills to explain results to senior leadership and clients.
• Ability to effectively participate in the development of junior resources.

Equal Opportunity Employer