liver Wyman Actuarial – Life and Annuity – Principal – Bermuda

Remote type: Hybrid

Locations: Bermuda

Time type: Full time

Company Overview

The Life and Annuity Actuarial Practice of Oliver Wyman advises clients across a broad spectrum of actuarial and risk management issues. We are a rapidly growing practice with offices across the globe. Our actuaries hold the highest professional qualifications and are nationally recognized as experts in their field(s). We use mathematical and statistical modeling skills and our qualitative assessment methodologies to assist clients in evaluating and addressing risk. Our solutions help clients manage and prepare for the potential financial consequences of uncertain future events. We bring a combination of broad-based expertise with specialized knowledge of specific risks, allowing us to provide independent, objective advice in the three primary areas of risk: healthcare, life and annuity, and property and casualty.

Oliver Wyman provides customized actuarial services and strategic insight, supporting clients as they strive to exceed their business objectives. Our exceptional client and employee retention exemplify our commitment to relationships built on trust, responsiveness and clear communication. The Life and Annuity Actuarial Practice of Oliver Wyman works with organizations to manage their insurance risks using advanced actuarial and modeling techniques and has employees across over a dozen offices globally.

Job Description

Oliver Wyman is seeking top talent to join the Life and Annuity Practice. The position is for a Principal, who is expected to lead business development efforts and contribute to a broad range of client projects, both in Bermuda and globally. The new Principal will join the talented consultants across the Life and Annuity Practice and play a key role in the sourcing and delivery of projects for Oliver Wyman’s clients, which include top tier insurance companies, reinsurance companies, investment banks, law firms, regulators, and private equity firms. 

Potential projects and responsibilities may include:

Oversight of large or multiple client engagements – process planning, communications, and client managementIdentification and development of new sources of business to expand client baseLead or participate in client sales meetings and proposal developmentIndustry presentations, surveys, and case studies, providing thought leadership and creation of intellectual capitalOperating with a high degree of personal responsibility and accountability for the maintenance of a portfolio of clientsCreation and analysis of financial projections, life and annuity product development and financial reportingAnalyzing insurance mergers & acquisitions or capital markets transactions supportProviding technical and subject matter expertise on Bermuda regulations, reinsurance structuring and capital solutions, industry trends, emerging changes, and other general actuarial topicsAs a senior member of the staff, you will be expected to act as a role model and set best practices for less experienced colleagues. Prior managing experience preferred..Work in partnership with our management consulting and actuarial practices

Skills and Attributes

FSA/FIA or equivalent actuarial credentials with 10+ years of professional experience in financial consulting or insuranceRobust life insurance, annuity and/or long-term care knowledge and industry recognition in areas such as product development, valuation, financial reporting, and risk managementRecord of leading and managing teams, and delivering against tight deadlines in fast-paced, demanding environmentsKnowledgeable in insurance regulations and in local financial accounting principlesKnowledge in financial modeling systems, such as Prophet or AXIS is preferredHigh proficiency in the Microsoft Office suiteExcellent project management and project team leadership skillsStrong written and oral communication skills

Why Work for Us

Oliver Wyman seeks to invest in its people by fostering a safe and inclusive environment, respecting and welcoming different perspectives, promoting an ownership culture, providing opportunities for individuals to develop their personal brand, and celebrating successes and rewarding performance. There are employee groups for: the LGBT+ community, racially and ethnically diverse employees, women, family life, introverts and veterans of military service at Oliver Wyman.

Oliver Wyman offers a performance-based pay program that rewards colleagues for the contributions they make to our business results, including year-end bonuses based on personal and corporate performance. We also offer an impressive array of benefits. Explore all the benefits offered at US Benefits | Marsh McLennan.

For more information, please visit our website at www.oliverwyman.com/actuaries.

About Oliver Wyman

Oliver Wyman is a global leader in management consulting. With offices in more than 70 cities across 30 countries, Oliver Wyman combines deep industry knowledge with specialized expertise in strategy, operations, risk management, and organization transformation. The firm has 7,000 professionals around the world who work with clients to optimize their business, improve their operations and risk profile, and accelerate their organizational performance to seize the most attractive opportunities. Oliver Wyman is a business of Marsh McLennan [NYSE: MMC]. For more information, visit www.oliverwyman.com. Follow Oliver Wyman on X @OliverWyman.

Marsh McLennan and its Affiliates are EOE Minority/Female/Disability/Vet/Sexual Orientation/Gender Identity employers.

 

The base pay offered will be determined on factors such as experience, skills, training, location, certifications, and education. Decisions will be determined on a case-by-case basis.

In addition to the base salary, this position may be eligible for performance-based incentives.

We are excited to offer a competitive total rewards package which includes health and welfare benefits, tuition assistance, 401K savings and other retirement programs as well as employee assistance programs.