Early Careers: Insurance Consulting & Technology - Insurance Consulting and Technology, Bermuda Actuarial Analyst

Only Bermudian, spouse of Bermudian or PRC/BOTC holders may apply

Our Business

The Insurance Consulting and Technology (ICT) business of WTW advise and provide solutions to insurers, reinsurers, Insurance-Linked Securities (ILS) funds and other investors on the quantification and management of risk, and on wider operational capabilities, to provide competitive advantage in a rapidly changing world. Our client base includes more than three-quarters of the world’s leading insurers across both life and property/casualty insurance.
 

The Role

A role in ICT is stimulating, challenging, exciting and extremely rewarding. 

We require colleagues who are technically and mathematically minded, with the ability to solve complex and challenging commercial problems using innovative and proportionate approaches. 

As consultant actuaries, it is necessary to build a strong technical skillset and be able to communicate complex concepts to audiences from a variety of backgrounds. Examples of audiences we deal with are actuaries, accountants, underwriters, brokers, lawyers, technologists, data scientists, insurance entrepreneurs, investors, senior executives and other Board members. Each audience has different needs and knowledge, and we need to tailor our communications to suit. 

We seek candidates who are motivated to apply their expertise and skillsets to collaborate with clients, aiding them in achieving strategic goals and objectives.

If you are interested in learning and working in one of Bermuda’s premier actuarial consultancies and have the confidence to ask questions, take initiative and work in a collaborative and inclusive team environment, we would love to hear from you!

International travel and secondment opportunities are possible as part of the role, subject to the individual’s circumstances, performance, and business objectives.
 

What will I be doing day to day? 

As a project-based advisory business, no two days are the same. You will experience this work variety immediately and see this continue as your career develops. 

You will tend to be involved in various client projects at any one time, working on each with the support and guidance of an experienced consultant. You will be involved in regular project meetings which will help you to understand the business context and project objectives, and where your contribution fits in, as well as providing a space for you to report your progress and ask questions.

You will be involved in communicating with client stakeholders, working directly alongside clients and joining meetings/calls discussing progress and sharing deliverables. 

A key difference at WTW is that we have our own set of Insurance Technology Solutions which are widely adopted within our client base. You will become familiar with these products through your day-to-day work, demonstrations to clients, and development of new propositions/solutions based on these products. If you are interested in technology, there will be opportunities to collaborate with our Technology colleagues to develop our software products as well as combined consulting and technology solutions for our clients. 
 

Career path and study support

The learning curve in the first few years is challenging as you grow your understanding of the insurance markets, through in-house training, our clients, products and propositions, whilst at the same time developing broader consulting skills and knowledge of actuarial techniques. 

As you progress, you will get more deeply involved in supporting research and product development. We pride ourselves in remaining ahead of the game in our market – we need to know the next client issue or driver of change before it happens – and so we invest heavily in product and service development. 

You will have the opportunity to sit the actuarial exams to become a Fellow of the UK (IFoA) or US (CAS) Actuarial Institutes. WTW offers a substantial and flexible study support package that includes: 

• Membership fees of the Actuarial profession.

• Providing study materials/support for each exam, such as course notes, sample questions, past paper questions, mock exams, and revision notes.

• Cost of sitting each exam and re-sit attempt(s) if required.

• Study leave – roughly one day per week during the exam period.

• A large body of international colleagues working through the same exams, as well as qualified actuaries willing to lend their support. 

Requirements

Graduated with/expect to graduate with a GPA above 3.3 on a 4.0 scale or upper second-class degree including latest copy of university transcript.

Whilst there is no requirement for graduates to have a specific degree, the actuarial qualification syllabus is rigorous and examinations are highly demanding, so we recommend applicants have a Maths A-level (or equivalent) or maths-based degree, for example, Mathematics, Statistics, Actuarial Science, Economics, Engineering.

Please note the hired candidate will be required to provide a clean, current Police Certificate of Good Standing. 

Please submit cover letter and resume and latest copy of university transcript. 

WTW Work Flex:  
At WTW, we trust you to know your work and the people, tools and environment you need to be successful. The majority of our colleagues work in a” hybrid” style, with a mix of remote, in-person and in-office interactions dependent on the needs of the team, role and clients. Our flexibility is rooted in trust and “hybrid” is not a one-size-fits-all solution.

We understand flexibility is key to supporting an inclusive and diverse workforce and so we encourage requests for all types of flexible working as well as location-based arrangements. Please speak to your recruiter to discuss more.

Recruiting tips:  
WTW specializes in preparing for the unknown.  Here’s how to get ready for the big day: https://careers.wtwco.com/hints-and-tips/ 

Pursuant to the San Francisco Fair Chance Ordinance and Los Angeles County Fair Chance Ordinance for Employers, we will consider for employment qualified applicants with arrest and conviction records 

We’re committed to equal employment opportunity and provide application, interview and workplace adjustments and accommodations to all applicants. If you foresee any barriers, from the application process through to joining WTW, please email [email protected]. 

EOE, including disability/vets