WTW Graduate Analyst - Retirement Trust Consulting, Mumbai in Mumbai, India
Overview of Business
The complexity, costs and risks associated with employee benefits pose an increasing threat to business performance. Yet benefits have long been a bulwark of the employee deal, and competitive necessity for recruiting and retaining the right people.
As the #1 Retirement Consulting Brand in India, WTW consultants help organizations develop enterprise-wide strategies for making thoughtful benefit decisions and managing those benefits chosen in order to meet employee needs at a cost that they can afford – both today and in the future. WTW Retirement colleagues have deep experience of working with actuarial valuations and offering providing thought leadership and consultancy services in areas of retirement plan governance, retirement adequacy, and benefit optimization to corporates.
WTW also has the highest number of qualified actuaries in India, and this role provides a unique opportunity to work closely and learn from senior client facing colleagues. Our teams regularly work with Regulators and other Government bodies, including the EPFO, PFRDA, Ministry of Labour & Employment, Income-tax Department, etc. on projects and other areas spanning over retirement benefits.
As an Analyst within the Retirement consulting business in India, you will work as a part of project teams that are focused on understanding the employee retirement benefit needs of the corporate and assist in providing Regulatory and Trust related consulting services for corporates as well as special projects around the design and implementation of broader benefit plans. Clients include both subsidiaries of global companies and large Indian companies. You will work closely with a variety of senior consultants and qualified actuaries, who will help and guide you to increase your knowledge in the employee benefits retirement area and sharpen your skills – all while providing a blend of client facing skills as well.
This position offers an opportunity for professional development and involvement in many areas of Retirement Consulting like:
Retirement Advisory services: Providing companies with consulting advice on governance and best practices in administering their retirement plans like Provident Fund, Superannuation, Gratuity and National Pension System, etc; as well as opportunities in working in Merger & Acquisition transactions.
Plan design: Advising on appropriate employee retirement plans for companies, modelling impact on future costs and building business cases using industry market benchmarking.
Interpretation of new legislation in the sphere of employee/ retirement benefits and analyzing its impact on clients.
Prepares preliminary data and document reconciliation, detailed data query files and sends to reviewer for review
Gains an understanding of the Indian employee retirement benefit plans
Deliver work in accordance to project deadlines
Support and learn from experienced colleagues that serve as the project manager on various projects including:
Creating project plans
Increased client interaction
Scheduling and managing regular status meeting calls
Ensuring appropriate and effective communication among team members
Deliver on projects to meet or exceed client expectations
Increase efficiency within client teams by identifying ways to improve processes
Work collaboratively with other colleagues and consultants to determine initial data needs, examine obtained client information and perform any follow up work required to populate complete information sets
Manage your time effectively between multiple assignments at a time
Adheres to all pre-defined steps while carrying out the work ensuring WTW Professional Excellence quality model.
Build strong relationships internally and collaborate effectively on cross-functional teams
Demonstrate natural ease and effectiveness when dealing with clients/colleagues at all levels
Meet individual chargeable hours targets
Support in meeting team revenue and utilization target
Explore ways to improve the process efficiency and hence contributing to overall profitability.
Bachelor’s degree (2022/2021 passouts) – preferably in Commerce, Finance, Accountancy, Financial Mathematics, Business Management, Taxation or Economics
Good written and verbal communication skills
Ability to effectively multi-task/ manage a number of on-going projects at a given point in time
Reasonably good analytical and research capabilities
Open attitude to ideas, learning and change
Proficient in Microsoft Office (Word, Excel, PowerPoint, Access)
Equal opportunity employer
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