at WTW in Portland, Maine, United States
Job Description
The Role
You will serve as a Senior Actuary on the Individual Marketplace 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 intellectual capital development, financial modelling, data analysis and visualization, and results delivery to internal and external clients.
You will report to the Chief Actuary and collaborate with our sales and marketing teams as well as senior actuaries and consultants in our Health & Benefits and Retirement practices. You will be responsible for the timely and effective coordination, execution and review of the Individual Marketplace Actuarial Team’s work. You will also coordinate with our IT and Data Science teams to ensure effective and accurate data flow into our actuarial models.
You will provide ongoing input on both the content and delivery of the team’s messages to ensure our quantitative results effectively integrate with qualitative narratives to drive the profitable growth of the Individual Marketplace. You will also serve as a resource to clients to drive awareness of the value of our Individual Marketplace. You will also engage with carriers with respect to their product design and price. 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 experience with group and individual retiree health care insurance. Ultimately, the Senior Actuary must be a subject matter expert in Medicare plans, ACA plans, Health Reimbursement Arrangements and the internal processes related to our business. Existing experience in these spaces is a plus. This role will require a business-oriented leader who recognizes changing market dynamics and can effectively partner with a variety of internal WTW associates including consultants, actuaries, and other client-facing associates to drive profitable growth.
The Senior Actuary must be within reasonable distance of a local WTW office and major airport.
Note: Employment-based non-immigrant visa sponsorship and/or assistance is not offered for this specific job opportunity.
We are looking for a motivated, independent learner, looking to deliver exceptional performance in the following areas:
Clients
+ Effectively deliver the IM Actuarial message to internal and external clients and prospects
+ Prepare, analyze and present quantitative results effectively to clients and consultants
+ Build credibility and maintain trust by developing and implementing new insights as a subject matter expert
+ Deliver high quality and timely work according to ASOP’s and WTW excellence standards
+ Manage client expectations and effectively coordinate with colleagues in sales, marketing, H&B, and RET, among others
Development of Intellectual Capital
+ Contribute to the development of new tools and approaches to drive Individual Marketplace growth
+ Monitor market and legislative developments for opportunities to advance actuarial messaging
Individual and People Development
+ Build relationships and work collaboratively with colleagues
+ Manage and provide mentoring and training to junior staff
+ Keep abreast of industry developments and actively pursue new opportunities to expand your existing areas of technical expertise
Financial
+ Support the generation of new business as part of the broader team
+ Develop new business opportunities with clients and enhance existing relationships
The Requirements
+ 5+ years of experience in a consulting firm or health insurance carrier
+ Must have experience with retiree health care benefits and insurance. Familiarity with ACA insurance and Medicare insurance required. Familiarity with actuarial valuation and funding of retiree medical plans required.
+ Bachelor’s degree
+ ASA
+ Experience successfully managing multiple projects and producing quality deliverables on time
+ Executive presence with polished and well developed oral and written communication skills
+ Excel, PowerBI, Tableau, VBA, Dax software expertise a huge plus (Excel is a must)
+ Ability to coordinate teams across WTW segments
+ Team-oriented and collaborative
+ Demonstrated success or strong evidence to support new business generation potential
+ Strong interpersonal and team skills
+ Well-developed verbal and written communication skills
+ Strong analytical, creative thinking and problem-solving skills
+ Enjoy training and mentoring junior staff
+ Availability to travel on an as needed basis
WTW may be subject to mandatory employment-related COVID-19 vaccination requirements. Therefore, to the extent any such mandates apply, you may be required to certify and provide documentation of full vaccination against COVID-19 if you are hired in the U.S. If you accept an offer from WTW and are subject to a mandate but are unable or unwilling to be vaccinated because of medical reasons or sincerely-held religious beliefs, you may request a medical or religious accommodation. If you require an accommodation, the Company will evaluate your request and work with you to identify reasonable alternatives to vaccination, if available.
EEO, including disability/vets (https://cdn-static.findly.com/wp-content/uploads/sites/1862/2022/02/08093340/EEO-Policies-for-WTW-Careers-site-2022-2.pdf)
