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    Early Careers: CRB- Graduate Development Program- Insurance Solutions Actuarial Role- Summer 2025- New York

    New York, United States

    Early Careers: CRB- Graduate Development Program- Insurance Solutions Actuarial Role- Summer 2025- New York

    • 202405460
    • New York, United States
    • Full time
    • Closing on: Nov 29 2024

    Description

    The business.

    Graduate Program Overview 

    The CRB Graduate Development Program (GDP) is a non-rotational two-year-program that provides the opportunity to develop a broad knowledge base, varied skills, and diverse network. This program is designed to set you up with a holistic view of CRB with hands-on experience, insight, and opportunities to make an impact and shape your own career.  

    GDP participants will be immersed in a 1-week-in-person orientation followed by a robust onboarding training learning about various functions within CRB. Our program is designed to provide graduates with a well-rounded understanding of the industry while having the opportunity to deep dive within their respective business area. 

    Insurance Solutions Overview 

    Verita is an independent managing general underwriter (MGU) that specializes in underwriting and  

    delivering superior claims, handling comprehensive engineering and loss control best practices, and  

    bespoke risk management solutions to best in class insured clients in targeted industries. Utilizing partner fronting carrier/s and solid (re) insurers, capital providers and institutional investors, Verita aims to be the carrier of choice in its targeted industries. A role in insurance solutions is suited to individuals who value underwriting technical knowledge and building strategic relationships with brokers and insureds. Individuals must be self- motivated, have excellent communications skills and enjoy success within a collaborative culture. 

    Love your work.

    Responsibilities: 

    • Support the development and maintenance of new and existing models 
    • Work with the underwriting team on deals and participate in meetings. 
    • Assists with data collection and review to support pricing studies that monitor the profitability of products.  
    • Handle numerous data and report requests relating to regulatory, rating agency and financial reporting needs. 
    • Communicate results, analysis, and recommendations in a manner that is understandable  
    • Maintain reports and dashboards to support proactive claims monitoring and loss control initiatives. 

    Qualifications

    Role requirements.

    Education and Requirements:

    • Bachelor’s degree with a minimum of 3.0 GPA 
    • Date of Graduation between May 2024 – May 2025
    • Preferred Majors: Actuarial Sciences, Mathematics, Computer Science; all majors with a strong quantitative background  
    • Proficient in Microsoft Office Suite (Excel, Word, and PowerPoint) 

    Competencies: 

    • Excellent written & verbal communication skills 
    • Excellent presentation skills, analytically driven and detail oriented 
    • Exceptional interpersonal skills 
    • Proficient in time management  
    • Comfortable working in a team setting or independently  

    Compensation and Benefits: 

    Base salary range and benefits information for this position are included in accordance with the 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 $75,000 – 85,000 USD.  This role is also eligible for overtime. 

    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 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.  Visit our career site for more information: https://careers.wtwco.com/wtw-work-flex/

    Recruiting tips: WTW specializes in preparing for the unknown.  Here’s how to get ready for the big day: https://careers.wtwco.com/hints-and-tips/ 

     

    EOE, including disability/vets

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    Unsolicited Contact

    Any unsolicited resumes/candidate profiles submitted through our web site or to personal e-mail accounts of employees of Willis Towers Watson are considered property of Willis Towers Watson and are not subject to payment of agency fees. In order to be an authorized Recruitment Agency/Search Firm for Willis Towers Watson, any such agency must have an existing formal written agreement signed by an authorized Willis Towers Watson recruiter and an active working relationship with the organization. Resumes must be submitted according to our candidate submission process, which includes being actively engaged on the particular search. Likewise, for our authorized Recruitment Agencies/Search Firms, if the candidate submission process is not followed, no agency fees will be paid by Willis Towers Watson. Willis Towers Watson is an equal opportunity employer. If you would like to have your contact information saved for future consideration, please email: Agency.inquiries@willistowerswatson.com.

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