Manila

Taguig

Graduate

Part Qualified

Associate

Qualified

Senior Actuary

Health

Pensions

Python

Modelling

Pricing

Valuation

Consulting

Excel

Power BI

Tableau

DescriptionYou will serve as an Actuarial Analyst on the Individual Marketplace (IM) Actuarial Team. Your overall goal will be to support the profitable growth of the Individual Marketplace. To that end, your work will include a wide variety of complex projects, including financial modelling, data analysis and visualization, and results delivery to the Actuarial Team and other IM colleagues.This is a foundational role that provides excellent opportunities to grow your business acumen, actuarial skills, and client management skills by working on cutting-edge projects at one of the world’s leading actuarial consultancies.You will report to the Senior Actuary and collaborate with our sales and marketing teams as well as actuaries and consultants in our Health & Benefits and Retirement practices. You will partner closely with other IM actuaries and execute according to excellence protocols to ensure timely delivery and quality of your work, for which you are responsible.You will also coordinate with analysts from our consulting actuarial teams to support effective and accurate data flow into our actuarial models. You will provide quantitative results that will ultimately integrate with qualitative narratives to build a comprehensive message of value that will drive the profitable growth of the Individual Marketplace.You will also serve as a resource to colleagues to drive awareness of the value of our Individual Marketplace. As an Actuarial Analyst, you can expect to gain additional exposure to all facets of retiree health care and expertise in individual health care insurance.The ideal candidate will have some experience with health care insurance, strong problem-solving skills, and technical ability, particularly with Microsoft Excel and other applications designed for manipulating large datasets. You will be on a path to become a subject matter expert in Medicare plans, ACA plans, Health Reimbursement Arrangements, and the internal processes related to our business.This role will require a hunger to learn, the ability to manage high volumes of work, and an energy to build internal relationships.We are looking for a motivated, independent learner, looking to deliver exceptional performance in the following areas:Clients<ul><li>Effectively develop quantitative results for internal clients using established models</li><li>Support the build of new models</li><li>Learn to analyze and present quantitative results effectively to clients and consultants</li><li>Build credibility and trust with internal clients by producing timely, high-quality results</li><li>Deliver high-quality and timely work according to ASOP’s and WTW excellence standards</li><li>Manage internal client expectations and effectively coordinate with colleagues in areas such as sales, marketing, H&B, and RET, among others</li></ul>Development of Intellectual Capital<ul><li>Contribute to the development of new tools and approaches to drive Individual Marketplace growth</li><li>Support the monitoring of the market and legislative developments for opportunities to advance actuarial message and reach</li></ul>Individual and People Development<ul><li>Build relationships and work collaboratively with colleagues according to WTW values</li><li>Maintain a hunger to learn</li><li>Keep abreast of industry developments and actively pursue new opportunities to expand your existing areas of technical expertise</li></ul>Financial<ul><li>Support the generation of new business as part of the broader team</li><li>Develop new business opportunities with clients and enhance existing relationships</li></ul>Qualifications<ul><li>1-3 years of experience in a consulting firm or health insurance carrier</li><li>Some experience with retiree health care benefits and insurance is a plus.</li><li>Bachelor’s degree required, preferably with significant quantitative coursework</li><li>Ability to successfully manage multiple projects and produce quality deliverables on time</li><li>Excellent oral and written communication skills</li><li>Excel, PowerBI, Tableau, VBA, SQL, Python software experience a huge plus (Excel is a must)</li><li>Team-oriented and collaborative</li><li>Strong interpersonal and team skills</li><li>Strong analytical, creative thinking, and problem-solving skills</li><li>Enjoy learning</li><li>Well organized and detail-oriented</li><li>Flexibility and ability to identify and resolve issues</li><li>Strong client service orientation and ability to respond to all communications effectively and in a timely manner</li><li>Self-starter attitude and ability to work individually and as part of a team</li><li>Pursuit of health actuarial designation required</li></ul>

DescriptionYou will serve as a Senior Actuarial on the Individual Marketplace Actuarial Team. Your overall goal will be to support the profitable growth of the Individual Marketplace. Your work will include a wide variety of complex projects, including intellectual capital development, financial modelling, data analysis and visualization, and results delivery to internal clients.You will report to the Chief Actuary and collaborate with our BDO actuarial teams that coordinate with senior actuaries and consultants in our Health & Benefits and Retirement practices. You will be responsible for the timely and effective execution and review of the Individual Marketplace Actuarial Team’s work. You will also coordinate with our consulting actuarial teams to ensure effective and accurate data flow into our actuarial models.You will provide quantitative results to support actuarial messaging and help drive the profitable growth of the Individual Marketplace. Additionally, you will engage with carriers and other vendor partners regarding product design, price, and prevalence. As a Senior Actuary, you can expect to gain additional exposure to all facets of retiree health care and expertise in individual health care insurance.The ideal candidate will have strong technical expertise in the pricing of individual retiree health care insurance. Ultimately, the Senior Actuary will become a subject matter expert in the actuarial aspects of Medicare plans, ACA plans, Health Reimbursement Arrangements, and the internal processes related to our business. Existing experience in these areas is a plus. This role will require a business-oriented leader with strong communication skills who can effectively partner with a variety of internal associates including consultants, actuaries, and other client-facing associates to drive profitable growth.We are looking for a motivated, independent learner, looking to deliver exceptional performance in the following areas:Clients<ul><li>Effectively deliver the quantitative component of the IM Actuarial message to internal clients/stakeholders</li><li>Prepare, analyze and present quantitative results effectively to clients and consultants</li><li>Build credibility and maintain trust by developing and implementing new insights as a subject matter expert</li><li>Deliver high quality and timely work according to ASOP’s and WTW excellence standards</li><li>Manage expectations and effectively coordinate with colleagues in sales, marketing, H&B, and RET, among others</li></ul>Development of Intellectual Capital<ul><li>Contribute to the development of new tools and approaches to drive Individual Marketplace growth</li><li>Monitor market and legislative developments for opportunities to advance actuarial messaging</li></ul>Individual and People Development<ul><li>Build relationships and work collaboratively with colleagues</li><li>Manage and provide mentoring and training to junior staff</li><li>Keep abreast of industry developments and actively pursue new opportunities to expand your existing areas of technical expertise</li></ul>Financial<ul><li>Support the generation of new business as part of the broader team</li><li>Develop new business opportunities with clients and enhance existing relationships</li></ul>Qualifications<ul><li>5+ years of experience in a consulting firm or health insurance carrier</li><li>Must have experience with retiree health care benefits and insurance</li><li>Bachelor’s degree</li><li>ASA</li><li>Experience successfully managing multiple projects and producing quality deliverables on time</li><li>Executive presence with polished and well-developed oral and written communication skills</li><li>Excel, PowerBI, Tableau, VBA, SQL, Python software expertise a huge plus (Excel is a must)</li><li>Ability to coordinate teams across WTW segments</li><li>Team-oriented and collaborative</li><li>Demonstrated success or strong evidence to support new business generation potential</li><li>Strong interpersonal and team skills</li><li>Well-developed verbal and written communication skills</li><li>Strong analytical, creative thinking and problem-solving skills</li><li>Enjoy training and mentoring junior staff</li></ul>

As an Actuarial Analyst, you will have the opportunity to enhance your core skills as well as your retirement plan knowledge by working on different retirement plans, preparing large complex client data, addressing questions, resolving data and plan issues, and preparing client deliverables. Over time, you will get opportunities to serve as a project manager on more complex assignments, lead internal meetings, and mentor junior staff.<ul><li>Prepare valuations of pension plans and retiree welfare plans for consulting offices</li><li>Respond to queries from consultants with respect to plan provisions and valuation results and resolve/escalate any problems or issues</li><li>Complete work in accordance with accounting standards and government regulations applicable to the plan</li><li>Utilize detailed tasks and steps to produce quality projects</li><li>Complete analysis and reconciliations of plan participant data</li><li>Reconcile plan assets</li><li>Manages the timeline for some small projects or components of larger projects.</li><li>Performs technical reviews of standard/complex projects.</li><li>Identifies and communicates technical/analytical issues to project teams.</li><li>Supervises new hires and less-experienced associates on a project basis.</li><li>Allocates/co-ordinates work among project hires, interns, and new associates</li><li>Actively participate in team and project planning and suggests improvements based on observed best practices.</li><li>Serve as a primary doer and liaise effectively with consultants and actuaries regarding data collection and project execution required for global accounting consolidation projects</li><li>Prepare the first draft of deliverables for review by the consultant in accordance with project deadlines</li></ul><ul><li>Build relationships internally and collaborate effectively on cross-functional teams</li><li>Demonstrate natural ease and effectiveness when dealing with associates in other Towers Watson offices</li><li>Provides (ongoing) on-the-job training to project hires, interns, and junior associates on routine projects, including basic tools, issues, and concepts.</li><li>Mentors and manages junior associates in regard to budgets, timelines, and Excellence standards.</li><li>Act as feedback provider on a performance review of junior associates and new associates for regularization.</li></ul><ul><li>Work with Project Leader to ensure that each project is completed on time and meets quality standards</li><li>Respond to all requests and communications effectively and efficiently</li><li>Identifies and leads communication with consulting team on project results, providing analysis of results, and potential issues, and responding to inquiries.</li></ul><ul><li>Meet chargeable hours targets</li><li>Contribute to profitability by preparing project budgets, monitoring own time spent on the project and maintaining accurate time records</li><li>Ensures projects are consistently correct, on time, and within budget. Notifies the project manager of potential write-offs and identifies the need to modify the scope of a project to address unanticipated issues.</li><li>Increase efficiency within teams by identifying ways to improve processes</li><li>Allocates/co-ordinates work among project hires, interns, and new associates</li><li>Actively participate in team and project planning and suggests improvements based on observed best practices.</li></ul>The Requirements<ul><li>Bachelor’s Degree required, preferably in a program with a heavy emphasis on mathematics, statistics, or engineering</li><li>Fresh Graduates are welcome to apply</li><li>Or those with at least 2 years of work experience in a Senior Actuarial role</li><li>Proven mathematical aptitude</li><li>Advanced proficiency in Microsoft Office (Word, Excel, and PowerPoint)</li><li>Previous defined benefit pension experience required</li><li>Well-organized and detail-oriented, effective time management skills</li><li>Strong written and verbal communication skills and a demonstrated ability to interact with colleagues at all levels</li><li>Strong analytical and integrative skills including the ability to draw conclusions and identify trends from data in a logical, systemic way</li><li>Ability to ask the right questions and seek help where appropriate, good problem solving</li><li>Strong client service orientation</li><li>Ability to apply newly acquired knowledge to future assignments</li><li>Ability to work both independently and on client teams</li><li>Sense of accountability and ability to display initiative in self-development</li><li>Actuarial exams/designation, a plus</li></ul>WTW is an Equal Opportunity Employer

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