2023 Retirement Actuarial Trainee Consultant Internship Programme, Reigate at Willis Towers Watson

Posted 3 days ago

The Business   

With roots dating to 1828, WTW has 44,000 employees serving more than 140 countries. 

WTW is the leading provider of retirement consulting and actuarial services to today’s global organisations, providing actuarial services to more of the world’s top 300 pension funds than any other company. In the UK and Europe, we are the undisputed leader, advising 75 of the FTSE 100 companies.  We also advise small and mid-sized schemes, with the range of clients providing our colleagues with a broad range of opportunities. Our enviable client list covers a very wide range of companies including household names, financial institutions and charities. 

We partner with clients around the globe to determine the best approaches to pension scheme design, funding, governance, administration and communication.

The Team 

The Retirement team works with trustees and sponsors of occupational pension schemes. We advise on both defined contribution (“DC”) and defined benefit (“DB”) schemes: our intern vacancies are within the DB team. The DB team helps our clients with all aspects of managing a pension scheme, from regular triennial valuation work, to cutting edge risk-reduction and scheme design projects. We often work closely with our colleagues in other teams, such as DC, investment, communications and administration, to provide joined-up advice to our clients. We work in partnership with our clients to help them to manage the potentially substantial risks involved with retirement benefit provision and to ensure that their benefits meet the needs of all stakeholders. 

The Retirement team is the largest recruiter of graduates in WTW’s Human Capital and Benefits Line of Business.   

The Role 

Our Intern Programme is designed for penultimate year university students.  It is currently expected that the duration of the internship will be 8 weeks, but this may be subject to review depending on the working situation nearer the time.  

In 2022 our Intern Programme was run with a combination of in office activity and virtual homeworking. 

An internship at WTW will give you valuable real-world experience. It will enable you to apply your education in an environment that is both intellectually challenging and rewarding. At the end of your time with us, you will have a greater understanding of what we do and how closely our career offerings match your career ambitions. 

You will be treated in the same way as our new trainee consultants, receiving the same quality and quantity of work. It is the perfect opportunity to understand what you could expect if you joined our trainee consultant programme the following year, and many of our interns return as permanent team members following graduation. 

As an intern in the Retirement team, you’ll need good numerical and communication skills, the ability to plan work effectively and a strong desire to solve challenging, technical problems. You’ll develop consulting skills so that you can help clients understand and manage their pension risks. 
 
Trainee consultants and interns at WTW benefit from all the resources and opportunities that a large company can provide, but this doesn’t come at the cost of individuality. You will have the opportunity to work alongside some of the leading figures in the pensions industry and also to be recognised for your personal contribution. 

Regardless of which of our offices you join, you’ll be part of the bigger WTW community, and will be able to contribute to our fundraising and community activities, as well as our sporting and social groups (many of which have continued while colleagues have been working from home). We are committed to cultivating an inclusive work environment, enriched by our people, our clients, and the communities in which we work and live. 

Learning and Development 

We are committed to providing continuous professional development to all of our colleagues. For interns specifically, we provide: 

  • An induction process where you can learn what our business does, what resources are available, and who the other new interns are 

  • On-the-job experiences allowing you to see the immediate impact of your work 

  • Opportunities to work on a diverse range of projects with experienced professionals 

The Requirements 

  • Minimum 2:1 degree in a numerate discipline OR  

  • 2:1 degree including A-Level Maths grade A/B or equivalent qualifications 

  • Penultimate year students

The Application Process 

Stage 1: Online application, including CV 

Stage 2: Invitation to complete online assessment and a video interview – in partnership with the Bright Network, we have created an academy module on ‘How to Ace your Video Interview’. Click here to sign up and watch it! 

Stage 3: Virtual Assessment centre – this is an opportunity for you to meet with members of the team and for the team to understand your strengths, preferences and motivations.  The assessment will take place virtually, and there will be an opportunity for you to ask questions. 

Stage 4: Offer and on-boarding 
 
Start date for the UK Internship Programme will be the beginning of July 2023. 

WTW is an equal opportunity employer 

WTW believes that effectively managing a diverse workforce is vital to our business strategy. We have an obligation to our organisation, ourselves and our clients to hire and develop the best people we can find. We will continually review our policies and practices to ensure that all areas of the employment process (including recruiting, hiring, work assignments, compensation, benefits, promotions, transfers, company-sponsored development programs and overall workplace experience) are free from discriminatory practices. We are committed to equal employment opportunities at WTW. 

Why work at WTW? 

WTW offers a variety of benefits to support your physical, emotional and financial wellbeing, as well as help you develop in your career, and balance your life inside and outside of work. Among other things, these include WTW Work Flex, shared parental leave, a range of Learning & Development (L&D) opportunities and a competitive pay and benefits package (which includes Private Medical Insurance and Life Insurance). 

WTW Work Flex 

At WTW, we see things differently. We understand flexibility is key to supporting an inclusive and diverse workforce and so we have a variety of different working arrangements which we call “WTW Work Flex”. We encourage colleagues and candidates to make requests for the types of flexible working arrangements that suit them.  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/