Financial Reporting Actuary (Consultant)

Willis Towers Watson

Company Type

Job Description

The Company

Willis Towers Watson is a leading global advisory, broking and solutions company that helps clients around the world turn risk into a path for growth. With roots dating to 1828, Willis Towers Watson has 40,000 employees serving more than 140 countries. We design and deliver solutions that manage risk, optimize benefits, cultivate talent, and expand the power of capital to protect and strengthen institutions and individuals. Our unique perspective allows us to see the critical intersections between talent, assets and ideas – the dynamic formula that drives business performance. Together, we unlock potential. Learn more at

The Business

Investment, Risk and Reinsurance

Our sophisticated approach to risk helps clients free up capital. We work in close concert with investors, reinsurers, and insurers to manage the equation between risk and return. Blending advanced analytics with deep institutional knowledge, we reveal new opportunities to maximize performance.

Insurance Consulting & Technology

As an advisor to more than three-quarters of the world’s leading insurers, Willis Towers Watson’s Insurance Consulting and Technology (ICT) business is the industry’s leading risk specialist and a leader in financial modelling. We have more actuaries and Chartered Enterprise Risk Analysts serving the insurance industry than any other professional services company.

The Role

Willis Towers Watson operates a number of outsourced actuarial function projects for a variety of Life Insurance companies in the UK.

As a Reporting Actuary (Qualified Actuary) in the Life Actuarial Outsourcing team, you will have responsibility for leading at least one of the projects.  This will cover all areas of actuarial work, from Solvency II valuations, IFRS, ORSA, with-profits and strategic projects.  You will lead a strong, diverse and dedicated team of associates who work in the outsourcing team.

You will act as the primary point of contact for the client, communicating results (to both actuaries and non-actuaries) and advising on a wide range of actuarial matters.

This is a unique opportunity to join a consultancy practice but work in a team that operates like an insurance company.

Key aspects of the role are:

Actuarial lead

  • Service as the actuarial lead
  • Strong technical and actuarial skills to interpret, challenge and review a variety of actuarial results (analysis of change, sensitivities, etc)
  • Primary reviewing of Solvency II reporting and other metrics (IFRS / EV)
  • Report into senior actuaries (such as Chief Actuary).
  • Preparing drafts of reports and able to explain results appropriately.
  • Advise the team on methodology
  • Complete work in adherence to professional excellence and external standards and enforce these within the team

Project Management

  • Deliver work in accordance to financial reporting timetables.
  • Liaise with the operations manager to ensure we have suitable resource capacity available.
  • Liaise with the client to ensure the timetables and deadlines are mutually achievable.
  • Negotiate the nature and frequency of additional requests that come to the actuarial team, with a clear ability to prioritise the relative importance of tasks.


  • Build relationships internally and collaborate effectively on cross-functional teams
  • Demonstrate natural ease and effectiveness when dealing with clients/colleagues at all levels
  • Takes an active interest in the development of more junior staff, sharing in detail the completion of routine tasks

Client/Account Management

  • Outsourcing contracts are long-term and you will have responsibility in nurturing and managing the relationship with the client.
  • Deliver on projects to meet or exceed client expectations

Continuous improvement

  • You will have responsibility to proactively seek and drive improvements to all aspects of the outsourcing project.  This may be through a variety of process, system and people related improvements.
  • Work with the continuous improvement manager to ensure these are delivered and that the job and team is operating efficiently and effectively.   

Job Requirements

The Requirements

  • FIA qualified (or equivalent) is essential.
  • Experience and expertise delivering a range of financial and actuarial reporting, with Solvency II reporting experience being essential.
  • A demonstrable track record in delivering high quality output to strict reporting timetables.
    • Strong sense of personal accountability and drive to improve the way we work.
    • Excellent stakeholder engagement, interpersonal and team skills
    • Ability to lead and direct your team to ensure they work efficiently and effectively.
    • Flexibility and proven ability to diagnose and resolve issues
    • Strong analytical and creative skills
    • Proven delegation skills and a natural desire to  coach and mentor junior associates
    • The ability to see the 'big picture' in the results
    • Excellent  Microsoft Office skills, particularly Excel and PowerPoint


Willis Towers Watson is an equal opportunities employer and does not discriminate on any basis.  We support flexible working and this role will be considered on a flexible basis.

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Confirmed 30+ days ago. Posted 30+ days ago.

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