Retirement Actuarial Intern, Fall 2018

Job description

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

Willis Towers Watson benefit consultants have deep experience working with organizations of all types and sizes. We’ve worked closely with clients to develop some of the most advanced benefit design techniques currently in use. We combine expertise in retirement and investment consulting to support organizations worldwide in designing, managing, administering and communicating all types of retirement plans.

The Role

As an Intern in our Retirement practice, you will work beside some of the industry’s top consultants while you progress towards qualifying as an actuary.

You will have immediate exposure to real client assignments which will draw on your imagination and creativity as well as your ability to analyze data, draw conclusions and present results. These experiences will help build your technical knowledge and overall industry expertise while you benefit from one of the industry’s most comprehensive actuarial training and development programs.

Your main responsibilities will be as follows:

People

·  Build relationships internally and collaborate effectively on cross-functional teams

Client

·  Partner with consultants to provide actuarial support on client projects. Depending on your area of specialty this might include some of the following client projects:
·  Design, funding, pricing, implementation and management of a full array of health and group benefits or retirement programs
·  Competitive benchmarking analysis of benefit plan designs
·  Insurance pricing analyses to ensure that clients are competitive
·  Financial modeling
·  Actuarial and financial valuations in accordance with regulations
·  Development of insurance products
·  Corporate restructuring and capital enhancement initiatives (demutualization, securitization, mergers & acquisitions)
·  Forecasting and carrying out investment studies
·  Performing asset/liability modeling
·  Increase efficiency within client teams by identifying ways to improve processes
·  Demonstrate natural ease and effectiveness when dealing with clients/colleagues at all levels

Financial

·  Meet chargeable hours targets
·  Contribute to sales and marketing efforts by supplying information for proposals

Excellence

·  Develop professional expertise by progressing towards qualification as an actuary
·  Develop technical knowledge and skills in the area you have chosen to focus on
·  Deliver on projects to meet or exceed client expectations

The Requirements

·  Bachelors degree or progress towards obtaining a Bachelors degree in actuarial science, mathematics, statistics, finance or any other major with significant quantitative course work, and a strong academic record
·  Successful completion of 2 actuarial exams highly preferred
·  A leader; proactively takes initiative
·  A problem solver; able to identify and solve challenging problems
·  Analytical; able to draw conclusions from data in a logical, systematic way
·  Conceptual; ability to go beyond the details and see the big picture
·  Results-driven; focused on achieving results that promote business success
·  Communicator; displays strong oral, written and public speaking skills
·  Committed to quality; continuously works to achieve the highest quality standards
·  Team player; Ability to work independently as well as in a team
·  Strong computer skills