Early Careers: Retirement Actuarial Internship - Summer 2024 - Denver/Seattle

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Early Careers: Retirement Actuarial Internship - Summer 2024 - Denver/Seattle

2 locations
  • Responsibilities

    Hiring Locations: Seattle, WA; Denver, CO

    The Business

    Create your future. Join our Retirement consulting team in providing expertise in retirement consulting to support global organizations inoptimizing the effectiveness of their employee retirement. Whether a client has a defined benefit pension or a defined contribution plan, we work with them to determine the right approach to designing, funding, investing,communicating,governing and employee management that fits their specific goals. You will also learn about all the services that Willis Towers Watson offers their clients and how they complement and enhance our retirement consulting practice.

    Explore an opportunity. Gain direct exposure to real client assignmentsand meetingswhich will draw on your imagination and creativity as well as your ability to analyze data,solve problems, develop solutions, and share your results. In this role, you’ll experience a balance of expanding your technicaland industryknowledge and developing your problem solving and communications skills, while benefiting from working in a close-knit and supportive team environment.

    Learn the industry. Kickoff the internship at a multi-day session with other interns across the local region to network and learn about WTW from various leaders amongst the Retirement business. Throughout the summer,engage in a robust training program within your local office in order to enhance your understanding of basic pension consulting.

    Grow with mentorship. You will have close interaction and support throughout the summer from your very own Lead Retirement Consultant mentor. This consultant will work with you on client assignments, give you an inside look at how the business works, and advise you on future career growth. 

    Work towards becominga credentialed actuary.Accepted applicants will be eligible for a comprehensive actuarial exam study program, including paid study hours and exam coaching to assist in attaining an accredited actuarial designation. 

    Love your work. You will partner with consultants to provide technical actuarial and consulting support on projects like: 

    • Designing, funding, pricing, and the implementation and management of retirement programs
    • Preparing and assistance with the delivery of client presentations and communications
    • Competitive benchmarking analysis of benefit plan designs
    • Corporate restructuring and capital enhancement initiatives (demutualization, securitization, mergers & acquisitions)
    • Forecastingfuture pension plan costs
    • Performingannual pension (qualified and nonqualified) and post-retirement medical valuations for a variety of clients
    • Assistingwith completion of plan reporting and filing requirements
    • Performingplan administrative tasks such as completing benefit calculations, reviewing plan documents and SPDs, and producing benefit statements
    • Analyzing de-riskingoptions fordefined benefit plans (bulk lump sums, retiree annuity purchases, plan terminations)

    About you.

    • Bachelor’s Degree in economics, finance, mathematics, statistics, actuarial science or any other major with significant quantitative course work, and minimum GPA of 3.0
    • Work experience that demonstrates strong technical and/or client service skills (analyst type of internship preferred)
    • Passion for solving problems and sharing solutions to exceed the standards of the client
    • Ability to be a self-starter and work independently, but also cooperatively in a close team environment
    • Strong written and verbal communication skills and a demonstrated ability to interact with colleagues at all levels
    • Excellent Microsoft Office skills, particularly in Excel
    • Accepting applications from candidates that graduate with a Bachelor’s or Master’s degree between December 2024 through June 2026

    The Application-Interview Process:

    Step 1: Online application, including resume/CV

    Step 2: Online assessments and Video Interview

    Step 3: Virtual Interview with business

    Step 4: Offer and on-boarding

    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 hourly rate being offered for this role is $26 - $33/hr. This role is also eligible for over-time.

    Company Benefits: WTW provides a competitive benefit package which includes the following (eligibility requirements apply):

    • 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.

    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

  • Industry
    Financial Services
  • Locations
    Denver, CO • Seattle, WA
  • About Us

    At WTW, we provide data-driven, insight-led solutions in the areas of people, risk and capital. Leveraging the global view and local expertise of our colleagues serving 140 countries and markets, we help you sharpen your strategy, enhance organizational resilience, motivate your workforce and maximize performance.