Senior Actuary – Life Insurance

Job Description

Senior Actuary- Life Insurance | WTW

The Tone:
This is a full-time role at WTW, located in Milano. WTW’s Life team collaborates with leading Italian and European insurance companies on critical actuarial, regulatory, and transformation projects. This senior position is pivotal, requiring a blend of technical precision, business insight, and client focus. The role contributes significantly to the team’s expansion and the development of new opportunities, offering high client exposure and responsibility for complex project delivery, while shaping the evolution of Actuarial, Finance, and Risk functions.

The TL;DR
• Role: Full Time
• Type: Full-time
• Location: In-person Milano, Milan
• Pay: €46500–€71300 yearly
• Team: Life team, working with major Italian and European insurance companies.
• Mission: Lead the coordination and execution of actuarial projects, provide specialized regulatory and financial support, and contribute to the transformation and modernization of actuarial functions within the life insurance sector.

What You’ll Actually Do
• Project Leadership: Coordinate and deliver actuarial projects for Life insurance companies, ensuring technical quality, adherence to timelines, and clear articulation of results.
• Specialist Support: Provide expert guidance in areas such as Solvency II, IFRS 17, Local GAAP balance sheets, ORSA, capital management, actuarial valuations, technical reserves, pricing, and product development.
• Transformation Initiatives: Contribute to transformation programs for Actuarial, Finance, and Risk functions, including efforts to enhance efficiency, automate processes, and strengthen controls.
• Model Modernization: Participate in projects involving the implementation, validation, migration, and modernization of actuarial models and platforms.
• Stakeholder Management: Manage project workstreams and foster relationships with senior stakeholders, translating complex analyses into clear and actionable operational insights.

The Must-Haves
• Background: Master’s Degree in Actuarial Science, Mathematics, Statistics, Economics, Engineering, or a related quantitative discipline, with a solid understanding of the Life business and key actuarial, financial, and risk management processes.
• Experience: At least 6 years of experience within Life insurance companies, actuarial consulting firms, reinsurers, or specialized advisory firms in the insurance sector. This includes experience in project or workstream management and interacting with senior stakeholders.
• Skills: In-depth knowledge of Solvency II and/or IFRS 17, along with experience in regulatory and financial reporting. Demonstrates excellent analytical skills, problem-solving capabilities, and strong communication, coupled with a client-oriented mindset.
• Languages: Excellent command of Italian and good professional proficiency in English.