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Intern

Part Qualified

Associate

Qualified

Senior Actuary

Health

Pensions

Reporting

Risk

Systems

Modelling

Pricing

Valuation

Consulting

Excel

Job DescriptionCandidates from the following locations will be considered: New York, NY, Philadelphia, PA, King of Prussia, PA, Stamford, CT, Boston, MA.As a Healthcare Financial/Actuarial Senior Associate, you will be a key member of the Financial Actuarial & Analytics (FAA) Community of Expertise. You will substantially contribute to a wide variety of complex analyses and projects involving the design, financing, measurement, and financial analysis of employer health and group benefit programs including medical, dental, life, disability, and voluntary benefits.You will interface with vendors and client service teams, prepare and communicate complex analyses to clients, and ensure quality standards are met. You will have the opportunity to lead financial projects with small-to-midsized clients and work on cutting-edge projects alongside leaders in the industry.<ul><li>Develops knowledge of varying client complexity by working across different client profiles and roles, including leading clients' financial/actuarial engagements for a portfolio of small clients or managing FAA resources to coordinate effective and efficient delivery of more complex client deliverables.</li><li>Demonstrates an advanced/expert knowledge in all aspects of employee benefit plan design, underwriting and funding concepts, and H&B tools.</li><li>Is a key member on multiple employer client teams providing financial analyses, outputs, and client deliverables across a region.</li><li>Provides direction on benefit plan analysis, design, cost avoidance, risk, and funding strategies.</li><li>Reviews technical & consulting accuracy on client projects, including developing pricing and employee contributions strategies, modeling plan design alternatives, and calculating reserves.</li><li>Communicates complex financial/actuarial/analytic results to effectively drive client action.</li><li>Partners with Global Delivery Centers and Client Service teams to deliver superior project management.</li><li>Builds strong relationships internally and collaborates effectively on cross-functional teams.</li></ul>Qualifications<ul><li>5+ years' experience in professional services, ideally gained in a benefit consulting/brokerage firm or health underwriting/actuarial function of an insurance company.</li><li>Advanced knowledge of health and welfare products & services.</li><li>Experience with big data analytic techniques preferred.</li><li>Advanced knowledge of underwriting and funding concepts.</li><li>Proven ability to lead multiple projects simultaneously and produce quality deliverables on time and within budget.</li><li>Desire and ability to expand relationships with clients.</li><li>Proven ability to identify and resolve issues with limited information and experience.</li><li>Polished and well-developed written and verbal communication skills.</li><li>Self-starter attitude and ability to work independently and as part of a team.</li><li>Strong analytical, creative, and integrative skills.</li><li>Ability to direct the work of more junior colleagues and provide feedback.</li><li>Excellent Microsoft Office skills, particularly in Excel and PowerPoint.</li><li>State Life and Health license required within 90 days of joining.</li><li>Relevant financial experience and/or university degree.</li><li>Progress towards completion of health actuarial designation or CEBS designation (optional).</li></ul>Compensation and BenefitsThe base salary compensation range being offered for this role is $90,000.00 to $130,000.00 USD per year. This role is also eligible for an annual short-term incentive bonus.Company Benefits<ul><li>Health and Welfare Benefits: Medical (including prescription coverage), Dental, Vision, Health Savings Account, Commuter Account, Health Care and Dependent Care Flexible Spending Accounts, Group Accident, Group Critical Illness, Life Insurance, AD&D, Group Legal, Identity Theft Protection, Wellbeing Program, and Work/Life Resources.</li><li>Leave Benefits: Paid Holidays, Annual Paid Time Off, Short-Term Disability, Long-Term Disability, Other Leaves (e.g., Bereavement, FMLA, ADA, Jury Duty, Military Leave, and Parental and Adoption Leave).</li><li>Retirement Benefits: Contributory Pension Plan and Savings Plan (401k).</li></ul>The position allows for flexible working: At WTW, we trust you to know your work and the people, tools, and environment you need to be successful. The majority of our colleagues work in a "hybrid" style, with a mix of remote, in-person, and in-office interactions dependent on the needs of the team, role, and clients.We understand flexibility is key to supporting an inclusive and diverse workforce and encourage requests for all types of flexible working as well as location-based arrangements.

Job DescriptionCandidates located in any of the following cities will be considered: Philadelphia PA, Stamford CT, Boston MA.As a Health and Benefits Financial/Actuarial Director, you will serve as the financial lead for large, complex client assignments. You'll leverage your experience as a benefits financial/actuarial expert to make strategic recommendations on funding, plan design, and innovative financial solutions.You will apply your financial management and data analytics expertise to solve complex client problems and to lead the development of new H&amp;B intellectual capital.<ul><li>Communicates and delivers complex concepts and financial/actuarial/analytic results to effectively drive client action and improve plan performance</li><li>Leads Medium to Large clients' financial/actuarial engagements</li><li>Develops and delivers the financial/actuarial strategy for a portfolio of Medium and/or Large clients</li><li>Drives revenue growth through client sales of additional actuarial, financial, and/or risk solutions</li><li>Provides consulting quality reviews and client delivery for all types of financial/actuarial deliverables</li><li>Guides team (regional and global) on deliverables based on client need; reviews models and presentations for client delivery</li><li>Builds relationships internally and collaborates effectively on cross-functional teams</li></ul>Qualifications<ul><li>10+ years' experience and demonstrated success in the delivery of complex health and welfare financial/actuarial strategies and analysis in a consulting or brokerage environment</li><li>Proven ability to generate revenue</li><li>Track record of success in managing and growing client relationships</li><li>Deep understanding and expert knowledge in all aspects of employee benefit plan design, underwriting, and funding concepts</li><li>Proven ability to lead data analytic projects</li><li>Interest and aptitude in keeping abreast of latest developments in health and welfare plan strategy and leading the development of new intellectual capital</li><li>Ability to leverage judgement and past experiences to predict which methods will work</li><li>Multiple years of experience across one or multiple client segments</li><li>An executive presence with polished and well-developed written and oral communication skills</li><li>Superior ability to influence and collaborate with senior management and work across all levels of an organization</li><li>Excellent Microsoft Office skills, particularly in Excel and PowerPoint</li><li>State Life and Health license required within 90 days of joining</li><li>Actuarial designation and current continuing education (optional)</li></ul>Compensation and BenefitsThe base salary compensation range being offered for this role is $140,000.00 to $200,000.00 USD per year. This role is also eligible for an annual short-term incentive bonus.Company Benefits<ul><li>Health and Welfare Benefits: Medical (including prescription coverage), Dental, Vision, Health Savings Account, Commuter Account, Health Care and Dependent Care Flexible Spending Accounts, Group Accident, Group Critical Illness, Life Insurance, AD&amp;D, Group Legal, Identify Theft Protection, Wellbeing Program and Work/Life Resources (including Employee Assistance Program)</li><li>Leave Benefits: Paid Holidays, Annual Paid Time Off (includes paid state/local paid leave where required), Short-Term Disability, Long-Term Disability, Other Leaves (e.g., Bereavement, FMLA, ADA, Jury Duty, Military Leave, and Parental and Adoption Leave), Paid Time Off (Washington State only)</li><li>Retirement Benefits: Contributory Pension Plan and Savings Plan (401k).</li></ul>The position allows for flexible working: At WTW, we trust you to know your work and the people, tools, and environment you need to be successful. The majority of our colleagues work in a "hybrid" style, with a mix of remote, in-person, 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. We understand flexibility is key to supporting an inclusive and diverse workforce and so we encourage requests for all types of flexible working as well as location-based arrangements.

The BusinessCreate your future. Join our Retirement consulting team in providing expertise in retirement consulting to support global organizations in optimizing the effectiveness of their employee retirement. Whether a client has a defined benefit pension or a defined contribution plan, we work with them to determine the right approach to designing, funding, investing, communicating, governing and employee management that fits their specific goals. You will also learn about all the services that Willis Towers Watson offers their clients and how they complement and enhance our retirement consulting practice.Gain direct exposure to real client assignments and meetings which will draw on your imagination and creativity as well as your ability to analyze data, solve problems, develop solutions, and share your results. In this role, you’ll experience a balance of expanding your technical and industry knowledge and developing your problem solving and communications skills, while benefiting from working in a close-knit and supportive team environment.Kickoff the internship at a multi-day session with other interns across the local region to network and learn about WTW from various leaders amongst the Retirement business. Throughout the summer, engage in a robust training program within your local office in order to enhance your understanding of basic pension consulting.You will have close interaction and support throughout the summer from your very own Lead Retirement Consultant mentor. This consultant will work with you on client assignments, give you an inside look at how the business works, and advise you on future career growth.Accepted applicants will be eligible for a comprehensive actuarial exam study program, including paid study hours and exam coaching to assist in attaining an accredited actuarial designation.You will partner with consultants to provide technical actuarial and consulting support on projects like:<ul><li>Designing, funding, pricing, and the implementation and management of retirement programs</li><li>Preparing and assistance with the delivery of client presentations and communications</li><li>Competitive benchmarking analysis of benefit plan designs</li><li>Corporate restructuring and capital enhancement initiatives (demutualization, securitization, mergers &amp; acquisitions)</li><li>Forecasting future pension plan costs</li><li>Performing annual pension (qualified and nonqualified) and post-retirement medical valuations for a variety of clients</li><li>Assisting with completion of plan reporting and filing requirements</li><li>Performing plan administrative tasks such as completing benefit calculations, reviewing plan documents and SPDs, and producing benefit statements</li><li>Analyzing de-risking options for defined benefit plans (bulk lump sums, retiree annuity purchases, plan terminations)</li></ul>About you.<ul><li>Progress towards a Bachelors or Master’s degree in actuarial science, mathematics, statistics, finance or any other major with significant quantitative course work with a minimum overall GPA of 3.0 (Junior standing preferred; Sophomore considered with other relevant internship experience)</li><li>Successful completion of one or more actuarial exams highly preferred</li><li>Work experience that demonstrates strong technical and/or client service skills</li><li>Passion for solving problems and sharing solutions to exceed the standards of the client</li><li>Ability to be a self-starter and work independently, but also cooperatively in a close team environment</li><li>Excellent oral and written communication skills</li><li>Excellent Microsoft Office skills, particularly in Excel</li><li>Accepting applications from candidates that graduate with a Bachelor’s or Master’s degree between December 2023 through June 2025</li></ul>The Application-Interview Process:Step 1: Online application, including resume/CVStep 2: Online assessments and Video InterviewStep 3: Virtual Interview with businessStep 4: Offer and on-boardingCompensation and BenefitsBase salary range and benefits information for this position are being included in accordance with requirements of various state/local pay transparency legislation. Please note that base salaries may vary for different individuals in the same role based on several factors, including but not limited to location of the role, individual competencies, education/professional certifications, qualifications/experience, performance in the role and potential for revenue generation (Producer roles only).CompensationThe hourly rate being offered for this role is $26-$33/hr. USD.This role is also eligible for over-time.

The RoleIn this exciting role as a Technical Leader within the Actuarial Delivery Group (ADG), you will apply your technical and project management skills in the areas of retirement plan valuations, design, compliance, and risk and financial management for all types of retirement plans including defined benefit, defined contribution, and retiree medical. Given the size and complexity of our client portfolio, you will have the opportunity to support diverse projects that help organizations align their retirement programs to their company objectives.In this role at WTW, you will:<ul><li>Perform technical review of work products and assume significant responsibility for quality assurance</li><li>Serve as a subject matter expert and provide value-added insights on retirement plan valuations, welfare plan valuations and special projects</li><li>May serve as day-to-day project lead, ensuring progress of the team against established objectives, budget, timeline, deliverables, and quality standards</li><li>Contribute to special projects such as plan design, asset/liability modelling, retirement plan risk assessment and mitigation, due diligence for mergers and acquisitions, collective bargaining agreements, global consulting, strategic workplace planning, total rewards strategies, and others</li><li>Contribute to the development of new tools and approaches</li><li>Identify opportunities to enhance quality and/or improve processes to reduce costs</li><li>Serve as a mentor or technical resource to more junior colleagues</li><li>Complete work in accordance with applicable ERISA, FASB, GASB, Department of Labor, Pension Protection Act and other Government regulations</li></ul>The Requirements<ul><li>5+ years defined benefit pension experience performing core actuarial work</li><li>Bachelor’s degree required, with heavy quantitative emphasis such as majors in mathematics, statistics or actuarial science</li><li>In-depth understanding of the funding of and accounting for defined benefit plans. Additional knowledge of other postretirement benefits is preferred</li><li>Proven ability to understand complex valuation systems and provide a detailed technical review of work projects</li><li>Excellent oral and written communication skills</li><li>Expert Microsoft Office skills, particularly in Excel</li></ul>Compensation and BenefitsBase salary range and benefits information for this position are being included in accordance with requirements of various state/local pay transparency legislation. Please note that base salaries may vary for different individuals in the same role based on several factors, including but not limited to location of the role, individual competencies, education/professional certifications, qualifications/experience, performance in the role and potential for revenue generation (Producer roles only).CompensationThe base salary compensation range being offered for this role is $75,000 – $120,000 USD. This role is also eligible for an annual short-term incentive bonus.Company BenefitsWTW provides a competitive benefit package which includes the following (eligibility requirements apply):Health and Welfare Benefits:Medical (including prescription coverage), Dental, Vision, Health Savings Account, Commuter Account, Health Care and Dependent Care Flexible Spending Accounts, Group Accident, Group Critical Illness, Life Insurance, AD&amp;D, Group Legal, Identify Theft Protection, Wellbeing Program and Work/Life Resources (including Employee Assistance Program)Leave Benefits:Paid Holidays, Annual Paid Time Off (includes paid state /local paid leave where required), Short-Term Disability, Long-Term Disability, Other Leaves (e.g., Bereavement, FMLA, ADA, Jury Duty, Military Leave, and Parental and Adoption Leave)Retirement Benefits:Contributory pension plan and Savings Plan (401k). Certain senior level roles may also be eligible for non-qualified Deferred Compensation and Deferred Savings Plans.

As a Global Actuarial Consultant, you will provide consulting advice and services to multinational companies concerning retirement, HR benefits, and compensation issues globally. You will coordinate and manage multi-country projects, working closely with client headquarters, local country client contacts, and local WTW consultants.You will serve as the project manager and day-to-day communication liaison with our clients, responsible for client deliverables, contributing to client management and new business activities, and participating in the creation of new intellectual capital.The Role<ul><li>Support senior consultants on large client engagements and lead smaller client engagements by leading the team on multi-country projects:</li><ul><li>Draft statements of work, project plans, and budgets involving multiple workflow streams and client and consultant teams across the globe</li><li>Serve as the primary daily contact to clients located in headquarters as well as overseas offices concerning the delivery of services</li><li>Finalize and present quality deliverables to clients</li><li>Manage client expectations and raise appropriate issues to senior consultants</li></ul><li>Establish a trusted advisor relationship with client contacts</li><li>Provide strategic consulting expertise in global retirement plan accounting, valuation, and design</li><li>Perform technical review of complex retirement valuations as well as other work products</li><li>Participate in special projects including mergers and acquisitions, benefit plan strategy and design, plan management and governance strategy, and global financing and funding policies</li><li>Support senior consultants penetrating the local and regional market and introduce new clients and projects to the firm and identify opportunities to cross-sell new products and services to meet annual revenue and billable hour goals</li><li>Contribute to the development of new tools and approaches, including monitoring and analyzing economic conditions in major markets around the world and updating country profiles</li><li>Demonstrate leadership ability by mentoring analysts</li></ul>The Requirements<ul><li>7+ years of experience delivering defined actuarial valuation work (ASC 715 or IAS19) and consulting services to multinational organizations is highly preferred, but will consider candidates with strong experience in corporate defined benefit and/or group health plans.</li><li>Experience working on global HR benefit programs; alternatively, experience working on domestic benefits or compensation programs and a demonstrated interest in international issues.</li><li>Proven experience successfully managing multiple projects and producing quality deliverables on time and within budget.</li><li>Strong client relationship, interpersonal, and team skills.</li><li>Bachelor’s Degree required.</li><li>ASA designation required or equivalent international credentials; significant progress toward FSA or equivalent qualification highly preferred.</li><li>Experience living and working overseas and foreign language skills preferred but not essential</li></ul>Compensation and Benefits<ul><li>Compensation: The base salary compensation range being offered for this role is $110,000 – $145,000 USD. This role is also eligible for an annual short-term incentive bonus.</li></ul>Company Benefits: WTW provides a competitive benefit package which includes the following (eligibility requirements apply):<ul><li>Health and Welfare Benefits: Medical (including prescription coverage), Dental, Vision, Health Savings Account, Commuter Account, Health Care and Dependent Care Flexible Spending Accounts, Group Accident, Group Critical Illness, Life Insurance, AD&amp;D, Group Legal, Identify Theft Protection, Wellbeing Program and Work/Life Resources (including Employee Assistance Program)</li><li>Leave Benefits: Paid Holidays, Annual Paid Time Off (includes paid state/local paid leave where required), Short-Term Disability, Long-Term Disability, Other Leaves (e.g., Bereavement, FMLA, ADA, Jury Duty, Military Leave, and Parental and Adoption Leave)</li><li>Retirement Benefits: Contributory pension plan and Savings Plan (401k). Certain senior-level roles may also be eligible for non-qualified Deferred Compensation and Deferred Savings Plans.</li></ul>

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