The Company

Willis Towers Watson (NASDAQ: WLTW ) 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 39,000 employees in more than 120 territories. 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. Unlock your potential at Willis Towers Watson.

Summary

We are excited to announce a new Retiree Welfare Leader role who will be responsible for development, implementation and coordination of the strategy and commercialization of WTW’s Retiree Welfare consulting and solutions.

As Retiree Welfare Leader, you will be responsible for guiding a team of subject matter experts (SMEs) who will assist client teams and clients with the full spectrum of retiree welfare related support and strategy – design, financing, valuation, assumption setting, compliance, delivery and settlement – coordinating closely with Actuarial Leadership, RRM, GCA, Shared Delivery, Health & Benefits and Via Benefits as appropriate.

Responsibilities

Develop WTW’s approach to the growth and commercialization of a coordinated set of retiree welfare consulting services
Identify revenue generation opportunities related to retiree welfare consulting and solutions and mobilize client teams to pursue these opportunities
Oversee intellectual capital development and distribution related to retiree welfare
Coordinate with other leaders across the Actuarial Leadership team, RRM, GCA, Shared Delivery, Health and Benefits, and Via Benefits
Implement and improve standards for retiree welfare solutions, such as Excellence toolkits, tools, training, and consistency with WTW standards
Partner with Retirement and Health and Benefits actuarial leaders to lead the Qualified Retiree Health Actuary and Pricing Specialist networks, including talent development, involvement in the development of Intellectual Capital, and support of revenue generation activities related to actuarial matters. Partner with Office Business Leaders and Senior Actuaries to identify and develop local Qualified Retiree Health Actuaries and Pricing Specialists.
Collaborate with the Actuarial Leadership team to address all Retiree Welfare actuarial needs for the North America Retirement business, including assumption setting, implementation of regulatory changes/guidance, addressing technical actuarial questions, and application of Actuarial Standards of Practice (ASOPs). Coordination as appropriate with the Research and Innovation Center’s technical services team.
Serve as a strategic Retiree Welfare Consultant on select large client accounts, providing subject matter expertise, building teams and identifying strategic solutions for clients.
Minimum of 50% of time, energy and focus will be spent on this role.

Qualifications

Requirements

15+ years’ experience and success in the design and management of large group Retiree Welfare benefits gained in a consulting environment
Strong technical expertise in key retiree welfare and actuarial issues, including retiree welfare plan design, assumption selection, retiree welfare funding and accounting requirements, plan compliance, administration, and actuarial professionalism standards
Superior ability to influence and collaborate with senior management and external stakeholders
Track record of success in managing large client relationships and leading global teams
Experience in managing multiple people and projects, and producing quality deliverables on time and within budget
Proven ability to recognize and diagnose issues, work in teams, and leverage the resources of other related practices to address client challenge
An executive presence with polished and well developed written and oral communication skills
BA / BS plus ASA (FSA desirable)

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

This position will remain posted for a minimum of three business days from the date posted or until sufficient/appropriate candidate slate has been identified.

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.

Compensation

The base salary compensation range being offered for this role is $175,000-$ 250,000 USD per year.

This role is also eligible for an annual short-term incentive bonus.

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 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), Paid Time Off (only included for Washington roles)
Retirement Benefits: Qualified contributory pension plan (if eligible) and 401(k) plan with annual nonelective company contribution. Non-qualified retirement plans available to senior level colleagues who satisfy the plans’ eligibility requirements.

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.

We understand flexibility is key to supporting an inclusive and diverse workforce and so we encourage requests for all types of flexible working as well as location-based arrangements. Please speak to your recruiter to discuss more.

Pursuant to the San Francisco Fair Chance Ordinance and Los Angeles County Fair Chance Ordinance for Employers, we will consider for employment qualified applicants with arrest and conviction records.

EOE, including disability/vets

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