Graduate Actuarial Analyst (Mar 2024)

With Australian superannuation funds among the largest asset pools in the world, and undergoing enormous change, our clients – some of Australia’s largest and most complex superannuation funds – seek our help with strategy, benefit design, management and governance.  It’s our actuarial know-how, our independence, our deep insights and our practical solutions that help create value for clients and their members alike.

As a Graduate Actuarial Analyst in our Retirement Consulting team, you will utilise your analytical skills to help provide insight into the future. For example, analysts assist in the management of risks using both quantitative and qualitative methods of analysis and research to assess the probability of particular outcomes and the impact of those outcomes. 

Taking that a step further, technical, industry and best-practice knowledge is then applied to provide insight into how, for example, risks can be mitigated, benefit programs can be enhanced, or capital optimised.  This requires a high degree of skill, judgement and acuity which is best learned on the job.  As an independent consulting company our advice is tailored to every client.  That makes your role varied. 

As a Graduate of WTW, you can expect to participate in delivering these real outcomes to real clients. 

The Role

• Performing superannuation and other benefit calculations
• Performing Defined Benefit Funding and Solvency Valuations
• Monitoring solvency position of superannuation funds
• Preparing Accounting Valuations for sponsor companies
• Investment monitoring and recommendations
• Assisting with advice on superannuation fund benefit design, and costing
• Reviewing clients’ insurance arrangements and analysis of insurance market
• Working with our technology practice to design and build state of the art retirement projectors and other online calculators.
• Drafting reports, letters and emails
• Liaising with overseas colleagues on multinational clients

The Requirements

• Bachelor’s degree majoring in Actuarial Studies, with significant progress toward actuarial exemptions – expected graduation date end of 2023/mid-2024.
• Strong written and verbal communication skills
• Strong working knowledge of PC-based software applications for analysis and reporting, particularly MS Excel
• Attention to detail
• Successfully able to work as an individual as well as part of a team
• Self-motivated and able to work with little supervision
• Ability to identify and solve problems creatively
• Ability to manage multiple projects and manage time effectively
• Good analytical and research capabilities with the ability to challenge conventional thinking
• Passion to acquire, share, and disseminate new information and knowledge
• Evidence of relationship building skills
• Proactive approach to meeting customers’ needs
• Strong facilitation and presentation skills
• Ideally, some extra-curricular activity which evidences drive, initiative, teamwork and customer relations
• Interest in qualifying as a Fellow of the Institute of Actuaries of Australia

Application Requirements

To be considered for this role please submit an updated resume, cover letter outlining why you are interested in this role and your bachelor’s degree transcripts. 

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

The Application Process 

• Stage 1: Online application and recruiter review – Applications close 19 January 2024
• Stage 2: Invitation to complete HireVue video interview by 2 February 2024
• Stage 3: Online Assessments
• Stage 4: In-person interview w/c 12 February 2024
• Stage 5: Offer and onboarding – March/April 2024

Why Join WTW

WTW provides a competitive benefits package which includes the following (eligibility requirements apply):

• Annual bonus
• Company paid salary continuance insurance
• Life and TPD insurance (Australia only)
• Hybrid working
• Networks (Gender, Wellbeing, Pride)
• Career Growth – internal opportunities and development programs

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 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.

We understand flexibility is key to supporting an inclusive and diverse workforce and so we encourage requests for all types of flexible working. 

At WTW, we believe that a culture of inclusion and diversity is critical to our business. It’s not a separate initiative – rather it’s fundamental to everything we do. We are an equal-opportunity employer who is committed to fostering an inclusive work environment and embrace diversity including gender, nationality, disability, age, marital/parental status, ethnicity, gender identity and sexual orientation. We welcome applications from people from all backgrounds. 

In the spirit of reconciliation, WTW acknowledges the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respect to their Elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples today. 

We are a 2023 Circle Back Initiative Employer – we commit to respond to every applicant.