Head of Risk and Capital, North America

WTW•New York, NY

15h•$250,000 - $350,000•Remote

About The Position

WTW’s Global Insurance Consulting and Technology (ICT) business helps insurers and reinsurers strengthen their competitive position, accelerate innovation, and deliver sustainable growth. It combines actuarial expertise with insurance technology, analytics, and AI to address risk and capital challenges. The Head of Risk and Capital for North America owns the strategy, growth, and performance of the business, mobilizing ICT’s actuarial consulting resources and Igloo capital modeling software to develop and expand relationships with property and casualty insurers and reinsurers, ILS funds, and Insurtechs. The position covers organizations in the United States, Canada, and Bermuda, coordinating with other regions when appropriate. The role sets the practice’s market agenda and drives its performance across North America. It develops market strategy, builds client relationships and closes consulting and technology engagements, oversees client retention and delivery, develops the team, and owns practice growth and profitability. The leader works with executive clients on portfolio mix, growth, risk and capital efficiency, reinsurance, income volatility, cost efficiency, and capital deployment strategies. The position can be based in a major U.S. market and is open to remote/virtual work. Travel is required as needed. Visa employment-based, non-immigrant visa sponsorship or assistance is not offered for this opportunity.

Requirements

Minimum of 15 years of actuarial and insurance industry experience.
Experience building or scaling an actuarial practice and/or actuarial software business.
Experience developing pipelines with new clients, winning new business, and retaining existing clients.
Experience running the P&L for consulting or market-facing teams.
Senior-practitioner subject matter expertise across corporate reserving, risk management, capital modeling, and reinsurance/ILS.
Consulting experience requiring strong problem-solving skills, development of implementation methodologies, and balancing client delivery obligations with revenue generation.
An established and influential actuarial network in the North American property and casualty insurance and reinsurance market.
Ability to build executive-level relationships and sell professional services and insurance technology solutions.
Ability to partner with senior executives to define practical strategies and turn them into executable engagements with measurable business outcomes.
Commercial discipline to structure, negotiate, and close client contracts, from one-year consulting engagements to multi-year enterprise technology transformations.
Track record of building, motivating, developing, and managing talented, domain-specific, client-centric consulting teams.
Experience fostering a community of actuaries and/or data scientists and providing leadership to grow and diversify a practice.
Experience overseeing actuaries’ professional development across products and dimensions of the property and casualty industry.
A point of view on how embedding AI in operations can enable the capital function to produce a return on investment.
Financial understanding of pricing levers in professional services firms and technology companies.
Self-driven approach and commitment to teamwork, collaboration, innovation, decisiveness, and integrity.
Availability to travel as needed.

Nice To Haves

Professional designations such as CPCU, CSPA, ARM, FCAS, or equivalent (e.g., FIA).

Responsibilities

Define the practice’s market strategy in response to current demands and emerging trends in the North American property and casualty insurance and reinsurance market.
Partner with global service, solution, and go-to-market leaders to advance market development priorities and help clients address industry change.
Develop and close risk and capital consulting engagements and technology opportunities across property and casualty lines.
Acquire new clients and retain and expand existing client relationships; achieve individual and practice sales goals.
Collaborate with colleagues in pricing, reserving, technology, sales, finance, and legal.
Take accountability for client retention and expansion through successful execution of engagements and delivery of outcomes that meet or exceed client expectations.
Tailor engagement methodologies to client scale and complexity and draw on regional and global consultant expertise to accelerate delivery.
Recruit, mentor, manage, and advance the professional expertise of the team, sharing talent management and development responsibilities with HR partners, people managers, and operations leaders.
Own the growth and profitability of the Risk and Capital Practice across the North American property and casualty market.
Partner with ICT Finance on revenue forecasting, growth, and profitability goals.
Work with client executives on portfolio mix and growth plans, portfolio and reinsurance design, income-volatility management, cost efficiency, and capital deployment strategies.
Set the market agenda, enforce rigorous execution, and strengthen ICT’s market position across North America.

Benefits

Annual short-term incentive bonus.
Medical insurance, including prescription coverage.
Dental insurance.
Vision insurance.
Health Savings Account.
Commuter Account.
Health Care and Dependent Care Flexible Spending Accounts.
Group Accident and Group Critical Illness coverage.
Life insurance and AD&D coverage.
Group legal benefits and identity theft protection.
Wellbeing Program and Work/Life Resources, including an Employee Assistance Program.
Paid holidays and annual paid time off, including paid state/local leave where required.
Short-Term Disability and Long-Term Disability.
Other leaves, including bereavement, FMLA, ADA, jury duty, military, parental, and adoption leave.
Contributory Pension Plan and Savings Plan (401k).
Certain Level 38 and more senior roles may be eligible for non-qualified Deferred Compensation and Deferred Savings Plans.