Early Careers: Intern Conversion - Insurance Consulting Analyst - Chicago - 2024

Locations: Arlington, Atlanta, Chicago, Hartford, Irvine, New York, Philadelphia, San Diego, St. Louis, Toronto

Employment-based non-immigrant visa sponsorship and/or assistance is not offered for this specific job opportunity.

Create a career that goes in the direction you choose. Get to know opportunity. 

The Business

Create your future. Our Insurance Consulting and Technology business helps our clients in the insurance industry improve business performance. We use our deep analytical skills to solve practical business problems, applying the latest techniques and software solutions to help clients measure and manage risk and capital, grow revenue and create competitive advantage.

Explore an opportunity. As an actuarial analyst with either our Life or Property & Casualty division, you will work as part of a team on a wide variety of complex projects spanning product development, financial and risk management, financial modeling and software implementation, and mergers and acquisitions for insurance companies. Our clients demand leading edge products and expertise; as an analyst with our firm you can expect to gain tremendous exposure to many different aspects of insurance operations and learn practical skills working directly with credentialed actuaries.

Love your work. You will work side-by-side with some of the industry’s top consultants while you develop cutting edge technical knowledge and skills and gain experience working with a variety of clients across industries. As part of your role, you will:

• Assist with the pricing, valuation and development of insurance products 
• Work to develop financial projections of clients’ insurance business
• Follow the firm’s Excellence guidelines
• Seek and participate in key learning and development opportunities/maintain steady progress towards actuarial credentials
• Build strong relationships internally and with client representatives 
• Document, review and present your own work
• Assist in creating detailed project plans
• Monitor project progress against deadlines and budget

 

 

Position Requirements:

• Complete a Summer 2024 internship with WTW.
• Completion within the next year of a Bachelor’s or Master’s degree in actuarial science, mathematics, statistics, finance or any other major with significant quantitative course work with a minimum overall GPA of 3.0
• Successful completion of one or more actuarial exams highly preferred
• Work or extracurricular experience that demonstrates strong technical and/or client service skills and leadership skills (actuarial internship preferred)
• Excellent oral and written communication skills
• Strong computer skills and proficiency in Microsoft Office, particularly Excel; additional programming/software skills preferred

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 base 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 $65,000– $85,000 USD, depending on exam progress and experience. 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)
• Retirement Benefits: Contributory Pension Plan and Savings Plan (401k).

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 ou