Director - Life and Annuities Consulting

3 weeks ago


Chicago, Illinois, United States WTW inc. Full time

Job Summary

We are seeking a highly skilled Director to lead our Life and Annuities Consulting team. The ideal candidate will have a strong background in actuarial science and experience in life insurance consulting.

Key Responsibilities

  • Partner with senior sellers to identify new business opportunities and drive account proposals
  • Lead components of large-scale projects or manage smaller projects to achieve engagement and budget objectives
  • Build and strengthen industry relationships by serving as a trusted advisor, delivering strategic insights and tailored solutions to clients
  • Oversee and guide junior team members, ensuring high-quality work product which conforms with WTW Excellence standards
  • Share expertise and strategic insights with colleagues to drive team growth and contribute to overall business development
  • Provide mentorship and coaching to junior staff, supporting their professional development and career advancement
  • Conduct thorough peer reviews, ensuring high-quality work product which conforms with WTW Excellence standards
  • Lead client communications through clear and impactful written and verbal channels, addressing concerns and managing expectations effectively
  • Contribute to the development of intellectual capital to strengthen our service offerings through research, publication of articles, participation in industry events and WTW webinars, podcasts, etc.
  • Support revenue growth by meeting billable hour expectations and identifying and generating new business both individually and as part of broader client relationship management teams
  • Maintain professional credentials by completing SOA Continuing Education (CE) requirements

Requirements

  • Minimum 10 years of experience in an actuarial role at a life insurance company, consulting firm, or financial services organization
  • Deep expertise in ALM, financial risk management, life and annuity product design, and financial modeling
  • Excellent and demonstrated oral and written communication skills, with the ability to clearly convey findings, recommendations, and work products to clients, peers, and junior team members
  • Proven ability to translate complex technical concepts for both technical and non-technical audiences
  • Demonstrated ability to collaborate effectively across different disciplines and work styles, with a willingness to share knowledge
  • Proven leadership experience in managing and directing teams with varying levels of experience
  • Strong technical proficiency, with ability to direct and review work produced in at least one of: Microsoft Excel with VBA, SQL, Python, or R
  • Expertise in financial modeling and leading projects utilizing actuarial software (GGY AXIS, Risk Agility, MG-ALFA, Moses, Prophet, Slope, and/or Polysystems) is a plus
  • Expertise in at least one specific life insurance and/or annuity product line
  • Expertise in at least one of the following functional areas as applied to the life insurance industry: predictive analytics / data science, experience studies, financial reporting, financial modeling, mergers & acquisitions, product development / pricing and risk management
  • Self-motivated, proactive learner with a passion for driving new developments
  • Ability and willingness to coach and mentor junior colleagues and foster their professional growth
  • Skill in developing and articulating engagement strategies, translating them into actionable project plans that align client and WTW objectives
  • Prior experience in client-facing consulting or business development is a plus
  • Strong multitasking abilities, effectively managing multiple projects and clients while providing timely updates on project status and deliverables
  • Flexibility to put in extra effort to meet client deadlines when necessary
  • FSA or equivalent credential (e.g., FIA)


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