Job Information
WTW P&C Associate Director – Small Business Insurance Pricing in Philadelphia, Pennsylvania
Description
Do you want to be at the forefront of insurance industry innovation and leadership? Do you want to partner with insurers across North America to help deliver cutting-edge capabilities across their organizations? Do you want to work with the original Insurtech, driving performance improvement through our technology? If so, this might be the opportunity for you!
WTW is looking for a pricing expert with Small Business insurance pricing experience in the U.S. market to join as an Associate Director in our Insurance Consulting and Technology (ICT) practice. In this role, you will collaborate with our team of pricing, portfolio management, underwriting, finance and claims experts to deliver consulting and technology solutions to our Small Business insurance clients.
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. WTW has ambitious growth plans for our North America P&C propositions. Our goal is to substantially increase our footprint as we advise Commercial Lines insurance clients on the efficiency and effectiveness of their Underwriting, Pricing, Product Development, Carrier Operations and Distribution and Sales capabilities. Our WTW Pricing Software, Underwriting Solutions and Portfolio Management Platforms and Digital Trading solutions are key enablers of change for our clients.
This position can be based in a major U.S. market and is open to remote/virtual work.
Note that visa employment-based non-immigrant visa sponsorship and/or assistance is not offered for this specific job opportunity.
The Responsibilities
Lead, build, and participate on teams to deliver client projects for Small Business insurance clients
Execute work on client projects such as predictive model builds and peer reviews, market assessments, regulatory filing engagements, indications, best practice reviews, and portfolio management
Meet billable hour target and revenue goals, operating as a highly respected and effective consultant
Support the development of carrier relationships relevant to WTW’s services, both by utilizing existing network and cultivating new relationships, developing a trusted advisor relationship with client contacts through effective communication
Leverage market knowledge to serve as a subject matter expert in Small Business insurance
Listen critically to client challenges to scope, craft, and deliver on engagements
Discuss and demonstrate applications of WTW’s technology products to clients
Build relationships internally and collaborate effectively on cross-functional teams
Serve as a mentor and project manager to more junior colleagues, training them on both the technical and theoretical aspects of insurance as well as project delivery methods
Constantly seek out opportunities to improve efficiency in our delivery models and to develop new propositions and client offerings
Qualifications
The Requirements
Minimum of 5 years P&C insurance experience
Experience in Small Business insurance pricing
Comprehensive understanding of core P&C Commercial Lines insurance products
Capable of leveraging past experience and expertise to adapt to current projects and challenges outside of core skill set
Comfortable navigating ambiguity and developing innovation solutions
Committed to training and mentoring less experienced colleagues
Practiced in managing complex projects and delegating work to senior and junior colleagues
Available to travel as needed
Nice to Haves
Professional designation such as ACAS or CPCU
Exposure to WTW’s Radar technology
Experience leading or participating on actuarial transformation projects
Participation in a rotational training program or exposure to multiple lines of business
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 $150,000 - $230,000 USD per year. This role is also eligible for an annual short-term incentive bonus.
Company Benefits
WTW provides a competitive benefit package which 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 (https://cdn-static.findly.com/wp-content/uploads/sites/1862/2023/01/31091722/Washington-State-Time-Off.pdf)
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.
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.
EOE, including disability/vets