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Willis Towers Watson.

Actuarial Analyst - Property & Casualty - Chicago or Bloomington

Willis Towers Watson. - Bloomington, IL

Actuarial Analyst - Property & Casualty - Chicago or Bloomington

in

Bloomington

Illinois

Actuarial Analyst - Property & Casualty - Chicago or Bloomington in Bloomington, IL at Willis Towers Watson

Date Posted:

10/11/2017

Job Snapshot

Employee Type:

Full-Time

Location:

Bloomington, IL

Experience:

At least 3 year(s)

Date Posted:

10/11/2017

Job Description

The Company

Willis Towers Watson is a leading global advisory, broking and solutions company that helps clients around the world turn risk into a path for growth. With roots dating to 1828, Willis Towers Watson has 40,000 employees serving more than 140 countries. We design and deliver solutions that manage risk, optimize benefits, cultivate talent, and expand the power of capital to protect and strengthen institutions and individuals. Our unique perspective allows us to see the critical intersections between talent, assets and ideas – the dynamic formula that drives business performance. Together, we unlock potential. Learn more at willistowerswatson.com.

The Business

Insurance Consulting and Technology (ICT) is a $360 million business with over 1,200 colleagues operating in 35 markets worldwide. It is a leading provider of advice and technology solutions - primarily to the insurance industry. As well as advising more than three quarters of the world's leading insurers, ICT is the world's largest provider of insurance actuarial and technology solutions that includes leading software products and enterprise platforms.

The Role

As a Property & Casualty Analyst/Senior Analyst, you will work on project teams focused on performing reserve studies, pricing analyses and capital management activities for our insurance company and self-insured clients. You will be responsible for data preparation as well as producing and analyzing initial results. You will work closely with a variety of consultants and project managers who will help you increase your insurance knowledge and sharpen your actuarial skills – all while providing a blend of client facing skills as well.

You will contribute to varied and interesting projects such as:

Self-Insurance and Captives – Valuation of liabilities, risk retention and optimization analyses, most notably for workers compensation and healthcare professional liability exposures

Loyalty Rewards – Valuation of liabilities and impact of program changes

Pricing and Predictive Modeling – Pricing studies for both personal and commercial lines of insurance, using both more traditional actuarial pricing methods, as well as advanced predictive modelling techniques

Reserving – Reserve analysis for both personal and commercial lines of business, using both more traditional actuarial reserving methods, as well as advanced stochastic techniques

Enterprise Risk Management – Enterprise risk assessment, financial risk modeling, capital management, and reinsurance optimization

During the course of your work, you will:

Work collaboratively with other associates and consultants to determine initial data needs, examine obtained client information and perform follow up work required to populate complete data sets.

Develop a strong understanding of the P&C insurance industry and become familiar with the various steps needed to prepare data for reserving, pricing and capital management activities

Manage other analysts to complete analysis

Prepare the first draft of reports for review by the consultant, including backup exhibits, findings and narrative

In addition to traditional client work, you will have the opportunity to participate in key learning and development opportunities. With more experience you will be able to have increased interaction with clients and contribute to sales and marketing efforts by drafting proposals and responding to requests for proposals

Job Requirements

The Requirements

3 years of actuarial experience preferred

Actuarial exam progress toward ACAS and/or FCAS credentials is highly encouraged

Excellent Microsoft Office skills, particularly in Excel and Access; knowledge of ResQ and Igloo is a plus

Strong written and oral communication skills

Well organized and detail oriented

Ability to respond to all communications effectively and in a timely manner

Ability to ask the right questions and seek help where appropriate

Flexibility and proven ability to diagnose and resolve issues; strong client service orientation

Interest and ability to think beyond the task at hand and understand how one’s work fits into the broader landscape

Strong analytical and integrative skills including ability to draw conclusions and identify trends from data in a logical, systematic way

Ability to work both independently and on client teams and enjoy a fast-paced environment

Bachelors’ Degree required

Any unsolicited resumes/candidate profiles submitted through our web site or to personal e-mail accounts of employees of Willis Towers Watson are considered property of Willis Towers Watson and are not subject to payment of agency fees. In order to be an authorized Recruitment Agency/Search Firm for Willis Towers Watson, any such agency must have an existing formal written agreement signed by an authorized Willis Towers Watson recruiter and an active working relationship with the organization. Resumes must be submitted according to our candidate submission process, which includes being actively engaged on the particular search. Likewise, for our authorized Recruitment Agencies/Search Firms, if the candidate submission process is not followed, no agency fees will be paid by Willis Towers Watson.

Willis Towers Watson is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to, among other things, race, color, religion, sex, sexual orientation, gender identity, national origin, age, status as a protected veteran, or disability.

Equal Employment Opportunity:.

At Willis Towers Watson, we are committed to maintaining an environment of Equal Opportunity and Affirmative Action. If you need a reasonable accommodation to access the information provided on this web site, please contact the office where the position is located for further assistance. If you need an accommodation to interview for a position or at any stage of the recruiting process, please contact your recruiter.

Willis Towers Watson believes that effectively managing a diverse workforce is vital to our business strategy. Our continued success depends greatly on our ability to fully and effectively employ qualified persons, regardless of race, color, religion, marital status, sexual orientation, age, disability, veteran status, military status, ancestry, gender, gender identity or expression, or any other characteristic protected by applicable human rights or equal opportunity legislation.

We have an obligation to our organization, ourselves and our clients to hire and develop the best people we can find. We will continually review our policies and practices to ensure that all areas of the employment process (including recruiting, hiring, work assignments, compensation, benefits, promotions, transfers, company-sponsored development programs and overall workplace experience) are free from discriminatory practices. We are committed to equal employment opportunities at Willis Towers Watson.

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Actuarial Analyst - Property & Casualty - Chicago or Bloomington Willis Towers Watson. - Bloomington, IL, United States

   

Location: Bloomington, IL

Company Profile:
Towers Watson was forged from the decades of experience, innovation and clients-first philosophy that were hallmarks of both Towers Perrin and Watson Wyatt. Although our vision is firmly fixed on the future, our roots go back nearly 150 years.