Oliver Wyman – Actuarial Consultant – US Life

Office/Regions available: Atlanta, Boston, Charlotte, Chicago, Hartford, Kansas City, New York and Seattle

Company Overview

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 Actuarial Practice of Oliver Wyman is an operating division of the Oliver Wyman Group, a member of the Marsh & McLennan Companies (MMC), the foremost employer of actuaries in the world.  The US Life Actuarial Practice of Oliver Wyman works with organizations to manage their insurance risks using advanced actuarial and modeling techniques, with over 180 employees operating across 10+ offices globally. 

Oliver Wyman uses mathematical and statistical modeling skills and our qualitative assessment methodologies to assist our clients in evaluating and addressing risk. Our solutions help clients to manage and prepare for the potential financial consequences of uncertain future events.

Oliver Wyman provides a competitive compensation and benefits package, including an Actuarial Study Program and a supportive and flexible work environment.  Explore all the benefits offered at US Benefits| Marsh McLennan.

Job Description

The US Life Practice of Oliver Wyman strives to be the consulting firm of choice for clients and employees, and to be recognized as the premier life, annuity and LTC actuarial consultancy by fostering the power of ideas to lead our industry, consistently helping clients achieve their strategic objectives, and gaining trusted advisor status. The practice seeks to inspire an entrepreneurial culture which fosters free flowing ideas, values diversity, and allows for challenges to the status quo. Its colleagues are proud to perform exciting, diverse, and leading-edge work.

The Actuarial Practice of 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.

As a new Consultant, you will work alongside Oliver Wyman’s industry leaders and other experienced consultants and will be expected to contribute to a broad range of client projects. You will achieve significant interaction and visibility with Oliver Wyman’s clients, which include top tier insurance companies, reinsurance companies, investment banks, law firms, state regulators, and private equity firms. 

Potential projects may include:

Life and annuity product development, modeling, valuation, and analysis supportPricing assumption and model methodology review, including benchmarking to applicable industry and peer experienceMergers & acquisitions due diligence including assumption review, model build, and development of projected US statutory distributable earnings and Actuarial Appraisal ValueLong Duration Targeted Improvements (”LDTI”) modeling and implementation supportTransformation of pre and post actuarial model data and processes, including systems and financial reporting integration, analytics, and workflowActuarial model conversions and optimizationLong-term care assumption development, in-force block management, modeling, and product developmentClient and industry presentations, surveys, case studies and marketing supportDevelopment and maintenance of intellectual capital

Skills and Attributes

ASA to FSA with at least 4+ years of professional experienceTrack record of rapid learning, high performance, and professional growthUS life, annuity and/or LTC technical experience and/or regulatory knowledgeStrong written and oral communication skillsExcellent project management and time management skillsAbility to work independently and direct junior staffUnderstanding of the value of collaboration, and the ability to work effectively in a team settingDeep critical-thinking skills and problem-solving abilityHighly motivated individual and willingness to work in a dynamic environmentProfessional experience with actuarial modeling software (e.g., Moody’s Analytics AXISTM, Prophet, PolySystems)Excellent technical knowledge of MS Excel, MS Access or other database software, VBA or other programming languages

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

Oliver Wyman is committed to the principles for equal employment opportunity and complies with all relevant federal, state, and local laws.

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

About Marsh McLennan 
Marsh McLennan (NYSE: MMC) is the world’s leading professional services firm in the areas of risk, strategy and people. The Company’s 83,000 colleagues advise clients in 130 countries. With annual revenue of nearly $20 billion, Marsh McLennan helps clients navigate an increasingly dynamic and complex environment through four market-leading businesses. Marsh provides data driven risk advisory services and insurance solutions to commercial and consumer clients. Guy Carpenter develops advanced risk, reinsurance and capital strategies that help clients grow profitably and pursue emerging opportunities. Mercer delivers advice and technology-driven solutions that help organizations redefine the world of work, reshape retirement and investment outcomes, and unlock health and wellbeing for a changing workforce. Oliver Wyman serves as a critical strategic, economic and brand advisor to private sector and governmental clients. For more information, visit marshmclennan.com, follow us on LinkedIn and Twitter or subscribe to BRINK. 

The base pay offered will be determined on factors such as experience, skills, training, location, certifications, education, and any applicable minimum wage requirements. 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.