Oliver Wyman Actuarial – Life Insurance Consultant

Company:Oliver Wyman

Description:

Life - Consultant

Locations: Boston, Chicago, New York, and other US offices

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 and annuity 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.

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 support
• Pricing assumption and model methodology review, including benchmarking to applicable industry and peer experience
• Mergers & acquisitions due diligence including assumption review, model build, and development of projected US statutory distributable earnings and Actuarial Appraisal Value
• Transformation of pre and post actuarial model data and processes, including systems and financial reporting integration, analytics, and workflow
• Actuarial model conversions and optimization
• Long-term care assumption development, in-force block management, modeling, and product development
• Client and industry presentations, surveys, case studies and marketing support
• Development and maintenance of intellectual capital

Skills and Attributes

• ASA to FSA with at least 4+ years of professional experience
• Track record of rapid learning, high performance, and professional growth
• US life, annuity and/or LTC technical experience and/or regulatory knowledge
• Strong written and oral communication skills
• Excellent project management and time management skills
• Ability to work independently and direct junior staff
• Understanding of the value of collaboration, and the ability to work effectively in a team setting
• Deep critical-thinking skills and problem-solving ability
• Highly motivated individual and willingness to work in a dynamic environment
• Professional 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

Why Work for Us

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. 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.

The applicable base salary range for this role is $70,000 to $150,000.

The base pay offered will be determined on factors such as experience, skills, training, location, certifications, educations, and any applicable minimum wage requirements. Decisions will be determined on a case-by-case basis. In addition to the base salary, this position is eligible for meaningful performance-based incentives.

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 .

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

Oliver Wyman is a business of Marsh (NYSE: MRSH), a global leader in risk, reinsurance and capital, people and investments, and management consulting, advising clients in 130 countries. With annual revenue of over $27 billion and more than 95,000 colleagues, Marsh helps build the confidence to thrive through the power of perspective. For more information, visit oliverwyman.com, or follow us on LinkedIn and X. 

The Actuarial Practice of Oliver Wyman, a Marsh business, advises clients across a broad spectrum of risk management issues. We are a rapidly growing group with offices expanding 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.

Marsh is committed to embracing a diverse, inclusive and flexible work environment. We aim to attract and retain the best people and embrace diversity of age background, disability, ethnic origin, family duties, gender orientation or expression, marital status, nationality, parental status, personal or social status, political affiliation, race, religion and beliefs, sex/gender, sexual orientation or expression, skin color, veteran status (including protected veterans), or any other characteristic protected by applicable law. If you have a need that requires accommodation, please let us know by contacting [email protected].

Marsh is committed to hybrid work, which includes the flexibility of working remotely and the collaboration, connections and professional development benefits of working together in the office. All Marsh colleagues are expected to be in their local office or working onsite with clients at least three days per week. Office-based teams will identify at least one “anchor day” per week on which their full team will be together in person.