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Commercial Lines Pricing Senior Consultant

Willis Towers Watson
London, United Kingdom
Closing date
Dec 22, 2023

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Job Function
Industry Sector
Finance - General
Employment Type
Full Time
As a Commercial Lines Pricing Consultant within the UKI P&C Consulting Practice, you will collaborate with the market's top thought leaders designing and implementing cutting-edge solutions to pricing and underwriting challenges faced by the world's leading commercial insurers. You will join WTW within the wider Insurance Consulting and Technology (ICT") division.

In your role you will be helping our clients by:
  • Supporting and enhancing their Commercial Lines pricing strategies and approaches
  • Delivering pricing and underwriting capability reviews and pricing transformation engagements
  • Helping to build effective Commercial Lines pricing models, tools and processes
  • Designing sophisticated MI and portfolio management capabilities
  • Leveraging your market knowledge in developing cutting edge solutions for commercial lines pricing in collaboration with various teams from across WTW
  • Being a trusted client partner, demonstrating comprehensive understanding of client needs and translating these to action within the context of broader engagements
  • Bringing innovative data enrichment ideas to harness pricing insights and providing support with their implementation.
The Role

Your main responsibilities will be as follows:

  • To build a market profile as a representative and advocate of WTW commercial lines pricing consulting services and software tools
  • Develop a trusted advisor relationship with client contacts through effective communication and efficient, quality execution of projects
  • Actively seek to be involved in a variety of work to ensure a broad skill set (technical, management and client) is maintained and developed
  • Interface with colleagues from other practices and regions on assignments that reflect the client's broader business issues
  • Demonstrate commitment to WTW's professional standards in managing analyses and in communications with clients
Thought leadership
  • To develop new relevant propositions or to enhance current propositions in commercial lines pricing, leveraging WTW's toolset and broader pricing intellectual property and resources
  • Lead or contribute to the development of the company's intellectual capital including plans for taking this to market
  • Have a desire to establish and enhance a public reputation in a chosen specialism through the production of articles and presentations
Financial and business development
  • Meet goals for billable hours and intellectual capital development
  • Develop and present proposals to potential clients, demonstrating the economic value of the company's offerings
  • Use contacts within current network to obtain introductions to new contacts; work to develop supporters for company's products and services
  • Build relationships internally and collaborate effectively on cross-functional teams
  • Serve as a manager or mentor to more junior associates
  • Relevant experience in a Commercial Lines pricing role in a UK general insurance firm or consultancy
  • You may be a newly qualified actuary or working towards an actuarial qualification FIA/FFA or equivalent, however this is not essential
  • An advocate for the development of analytical approaches and the adoption of new techniques
  • Experience of Radar software (or similar) preferred
  • Experience or interest in selling projects to insurance / financial institutions
  • A track record in innovation and creativity delivering realised value
  • Strong interpersonal and team skills
  • Strong communication skills, including with diverse groups of stakeholders
  • Self-starter attitude and ability to work within ambiguity
  • Enjoy training / mentoring junior staff
  • The ability to see the "big picture", leveraging the resources of related practices to address the clients' business challenges
  • Availability to travel on an as needed basis, domestically
  • Exposure to machine learning techniques beneficial
  • Experience with data manipulation packages (SAS, SQL, WPS, etc.) beneficial
Equal Opportunity Employer

At WTW, we believe difference makes us stronger. We want our workforce to reflect the different and varied markets we operate in and to build a culture of inclusivity that makes colleagues feel welcome, valued and empowered to bring their whole selves to work every day. We are an equal opportunity employer committed to fostering an inclusive work environment throughout our organisation. We embrace all types of diversity.

Irrespective of which office you join, you will be part of the wider WTW community. Our inclusion networks include Gender Equity, LGBT+, Multicultural, Workability and Young Professionals and our Corporate Social Responsibility group champions social and charitable activities in our local communities. These groups are at the heart of how we engage and inspire colleagues in our offices.

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 at home and in-office interactions dependent on the needs of the team, the role requirements, and client interactions. This role can be based in either London or Reigate and there would be an expectation of at least 3 days in the office.

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