Non-Life Associate Director

The Role

This role is based in Gurgaon (India) to support the insurance consulting team of Willis Towers Watson in India We are looking for an analytical insurance practitioner with at least 10+ years of experience in actuarial non-life insurance domain, enthusiastic to join as an associate director in our non-life consulting practice.

Our insurance consulting and technology (ICT) practice includes over 1,300 insurance practitioners who have expertise across markets, geographies and disciplines. We also work closely with our technology team who are responsible for developing some of the most innovative and widely used non-life actuarial software in the market including ResQ, Emblem, Radar, Igloo, Unify, DataValidator, WTW IFRS 17 Enterprise Solution and other such tools.

You will work collaboratively with some of the market’s top thought leaders on domestic client engagements, catered to variety of requirements of non-life insurance companies. In addition, opportunities arise from time to time to support projects spanning across different Asia Pacific and European countries.

As part of this role, you will be engaged with our clients to:

• Manage projects, working alongside senior leadership and leading different work-streams for a wide array of projects. Such projects include IFRS17 implementations and result analysis, computation/ review of liability valuation for purposes shareholder reporting, Mergers and Acquisitions, and projects comprising support to actuarial functions - including calculation / peer review of statutory valuations and product development / pricing of products, Reinsurance optimization etc.
• Actively interact directly with client and leadership to develop new go-to-market solutions and deliver value added propositions. This will involve contributing to development of new technical tools and processes and work with senior leadership to identify its roll-out plan to the market.
• Contribute to revenue generation by identifying new areas of offering for clients to achieve everchanging business objectives, building valuable intellectual capital in this process.
• Contribute to research and thought leadership.
• Managing a team of junior colleagues and proactively involved in developing their knowledge and ensuring their career development.
• Interacting directly with client and building relationships, while leveraging the existing relationships with clients and introduce them to WTW offerings to enable client procurement.
• Working collaboratively on a range of projects / internal responsibilities and managing priorities appropriately.
• Demonstrating the Willis Towers Watson values of Client Focus, Teamwork, Integrity, Respect and Excellence.

The Requirements

• 10+ years of experience in actuarial role at a non-life insurance Company or in non-life insurance team in a consulting/financial services firm.
• Qualified Actuary from Institute of Actuaries of India or Institute and Faculty of Actuaries, UK.
• Proficient with Microsoft Office tools particularly Excel and Power Point.
• Strong working knowledge of reserving, pricing, embedded values and other common technical actuarial topics.
• Proficient knowledge on IFRS 17 implementation practices.
• Experience in actuarial software such as Prophet, RAFM etc.
• Experience of writing and/or editing code in VBA, Python, SQL or PowerShell.
• Strong communication and analytical skills to efficiently make judgements and explain results to senior leadership and identify solutions for clients, along with participate effectively in development of junior resources.
• Ability to develop out-of-box solutions as part of projects.
• Good team management skills.
• Self-motivated to learn and develop new skills, ideas and solutions for clients.
• Proactive, energetic, and can demonstrate being a “safe pair of hands”.
• Good project management, task prioritization and time management skills.
• Willingness to travel to client site when required

Willis Towers Watson is an equal opportunities employer and does not discriminate on any basis.