Job: Property and Casualty Analyst
Jobing Description
The Company
Towers Watson is a leading global professional services company that helps organizations improve performance through effective people, risk and financial management. With 14,000 associates around the world, we offer solutions in the areas of employee benefits, talent management, rewards, and risk and capital management.
The Business
Towers Watson's insurance consulting business helps clients improve business performance. We use our deep analytical skills to solve practical business problems, applying the latest techniques and software solutions to help clients measure and manage risk and capital, grow revenue and create a competitive advantage.
In the Risk Consulting and Software division of Towers Watson, consulting is our core business. We have the long-term focus to anticipate and shape the direction of the insurance market - and the financial strength to make the necessary investments to respond. Towers Watson s large portfolio of value added, strategic solutions lends itself to a vast variety of interesting and challenging career opportunities. As a member of this team you will work with clients to scope projects and present results, as well as play a key role in our efforts to market our services.
We offer an environment that encourages creative solutions, fosters learning and growth through a variety of support mechanisms and values individual initiative. Developing our people, intellectual capital and tools is essential to our success. Towers Watson is committed to making the necessary investments to ensure we continue to serve as an industry leader in consulting.
The Role
As a Property & Casualty 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:
Financial and Regulatory Reporting Independent reserve reviews and statutory opinions, asbestos and other problem liabilities, and Fair Value implementation
Enterprise Risk Management Enterprise risk assessment, financial risk modeling, capital management, and reinsurance optimization
Mergers, Acquisitions and Restructuring Due diligence, support in sales and capital raising, corporate restructuring and rehabilitation, reinsurance and financing alternatives
Self Insurance and Captives Valuation of liabilities, healthcare professional liability, and risk retention and optimization
Pricing and Predictive Modelling Pricing studies for both personal and commercial lines of insurance, using both more traditional actuarial pricing methods, as well as advanced predictive modelling techniques
Performance Objectives:
Excellence
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
Seek and participate in key learning and development opportunities
Maintain steady progress through actuarial exams
People
Build strong relationships internally and collaborate effectively on cross-functional teams
Demonstrate natural ease and effectiveness when dealing with clients/colleagues at all levels
Clients
Create project plans
Monitor progress to deadlines and budget
Schedule and manage regular status meeting calls
Ensure appropriate and effective communication among team members and the client
Deliver projects which meet or exceed client expectations
Increase efficiency within client teams by identifying ways to improve processes
Financial
Meet chargeable hours targets
Contribute to sales and marketing efforts by drafting proposals and responding to RFPs
The Requirements
Actuarial exam progress toward ACAS and/or FCAS credentials is mandatory
1 to 3 years of relevant actuarial experience
Excellent Microsoft Office skills, particularly in Excel and Access; Visual Basic 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 Towers Watson are considered property of Towers Watson and are not subject to payment of agency fees. In order to be an authorized Recruitment Agency/Search Firm for Towers Watson, any such agency must have an existing formal written agreement signed by an authorized 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 Towers Watson.
Towers Watson is an EEO/AA Employer, M/F/D/V
Towers Watson is an Affirmative Action/Equal Opportunity Employer, M/F/D/V
