Willis Towers Watson
North America - P&C Reserving Director
Posted on May 23 New York, NY 4 views
- WTW is looking for a reserving professional with extensive experience in North America (US, Canada, and Bermuda) insurance and reinsurance to join the North America P&C Reserving Proposition of WTW’s Insurance Consulting and Technology (ICT) business. In this role, you will play a leading part in a globally recognized, industry-leading consulting team, providing high value-added consulting and insights to our clients, developing and applying state-of-the art intellectual property, and contributing to the growth of our reserving practice.
Note: Employment-based non-immigrant visa sponsorship and/or assistance is not offered for this specific job opportunity.
This position can be based in a major U.S. Market and is open to remote/virtual work.
About ICT
ICT provides a powerful combination of advisory services for insurance companies, integrated with leading-edge technology solutions and software, all underpinned by unparalleled analytical capability. We are a globally recognized leader in P&C insurance and reinsurance reserving and financial reporting, delivering robust and innovative solutions to clients across the industry facing a complex landscape.
Our goal is to continue to position reserving as a driver of value to our clients through market insights, state-of-the art analytics, process excellence, and effective communication, and to further establish the WTW Reserving and Automation technology suite (ResQ and Unify) as a key enabler underpinning the reserving function.
The Role
As a senior reserving practitioner, you will:
- Contribute to and/or lead strategic local and global client reserving engagements and relationships, providing an excellent client experience, thought leadership, and strategic thinking on critical client business needs
- Play a visible external role in the marketplace as a senior practitioner and subject matter expert
- Foster a community of reserving-focused individuals who are subject matter experts, contributing to the development of and mentoring professionals across the various products and dimensions of the P&C industry
- Participate in the development and dissemination of thought leadership and technology to drive our leading position in reserving
- Support strategic go-to-market activities and sales pursuits across the region and globally
- Collaborate with professionals in other areas of expertise such as underwriting, pricing, claims and capital modeling experts, locally and globally, to create, sell and deliver actuarial and technology solutions to our clients
Financials
- You will contribute to a profitable and growing North America P&C Reserving proposition
- Meet individual billable hour and sales targets commensurate with seniority and area of focus
- Participate fully in the achievement of ICT reserving practice and overall ICT business plan and budget
The Requirements
Must Haves:
- Fellow of the Casualty Actuarial Society with at least 12 years of relevant experience
- Will meet qualification standards to sign NAIC Statements of Actuarial Opinion for year-end 2024
- Deep knowledge of the North America P&C insurance market, including commercial lines and reinsurance
- Ability to build strong relationships, and to influence decision-making at senior levels
- Self-driven, comfortable navigating ambiguity and developing innovative solutions
- Practiced in contributing to complex, high-profile projects, and communicating technical insights to non-actuarial executive audiences
- Available to travel as needed
Nice to Haves:
- Experience with multinationals and/or global portfolios, and legacy liabilities (e.g., mass torts)
- Approval by Bermuda Monetary Authority to sign as LRSO
- Active in relevant professional or trade associations
- Consulting experience
- Familiarity with ResQ, WTW’s reserving technology
This position will remain posted for a minimum of three business days from the date posted or until a sufficient/appropriate candidate slate has been identified.
Compensation and Benefits
Base 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 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).
Compensation
The base salary compensation range being offered for this role is $220,000 USD -$290,000 USD. This role is also eligible for an annual short-term incentive bonus.
Company Benefits
WTW provides a competitive benefits package that 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&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), Paid Time Off
Retirement Benefits:
Contributory Pension Plan and Savings Plan (401k). All Level 38 and more senior roles may also be eligible for non-qualified Deferred Compensation and Deferred Savings Plans.
