Marsh McLennan

Oliver Wyman Actuarial and Strategy Consultant - Toronto - 2027

Marsh McLennan$65K — $110K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Degree in Actuarial Science, Mathematics, Statistics, or a related field (Class of 2027)
  • Minimum GPA of 3.5
  • At least 1 actuarial exam passed or interest in pursuing actuarial exams or CFA designation
  • Interest in strategy consulting and actuarial applications
  • Strong analytical and problem-solving skills
  • Excellent written and verbal communication skills
  • Collaborative mindset with independence in work

Responsibilities

  • Analyze complex business problems using data and models
  • Conduct research and provide clear recommendations
  • Develop client-ready materials including presentations and summaries
  • Collaborate with teams to support project delivery
  • Support the launch of new insurance businesses
  • Design target operating models for finance functions
  • Drive large-scale transformation across finance and technology

Benefits

  • Actuarial exam support program with paid study time and exam reimbursement
  • Performance-based incentives
  • Health and wellness benefits
  • 401(k) and retirement plans
  • Employee assistance programs
Full Job Description
Company:
Oliver Wyman

Description:

Roles

  • Integrated Consulting Group (ICG) – Actuarial & Strategy Consultant

Integrated Consulting Group (ICG)

Role: Actuarial & Strategy Consultant
Location: Toronto

Overview
ICG combines actuarial expertise with strategy consulting to help insurers and asset managers modernize finance functions, design products, execute M&A, and improve operations.

What You’ll Do

  • Analyze complex business problems using data, models, and structured thinking

  • Conduct research and synthesize insights into clear recommendations

  • Develop client-ready materials (presentations, models, summaries)

  • Collaborate with teams to support project delivery

Example Projects

  • Designing target operating models for finance and actuarial functions

  • Supporting the launch of new or “greenfield” insurance businesses

  • Developing corporate strategies across product, distribution, and operations

  • Driving large-scale transformation across actuarial, finance, and technology

Qualifications and Skills

  • Currently pursuing a degree in Actuarial Science, Mathematics, Statistics, or another STEM or business-related field

  • Class of 2027

  • Minimum GPA of 3.5

  • At least 1 actuarial exam passed (CAS or SOA) OR willingness to take actuarial exams OR interest in pursuing the CFA designation

  • Strong interest in both strategy consulting and actuarial applications

  • Strong analytical and problem-solving skills

  • Excellent written and verbal communication

  • Ability to manage multiple priorities in a fast-paced environment

  • Collaborative mindset with the ability to work independently

  • Technical skills (preferred): Excel; familiarity with R, Python, SQL, SAS, or VBA

*If interested in the ICG, feel free to check out our ICG job simulation here, , for animmersive experience designed to introduce you to the high-impact work of the strategy, risk, and transformation work we do.*

Compensation & Benefits

Base salary range (U.S.): $65,000 6 $110,000 CAD, depending on role, location, exams, and experience.

In addition, we offer:

  • Actuarial exam support program (paid study time, exam reimbursement, study materials, first-time pass incentives)

  • Performance-based incentives

  • Health and wellness benefits

  • 401(k) and retirement programs

  • Employee assistance programs

Work Authorization

*All candidates must have valid work authorization to work in Canada permanently.*

About Marsh McLennan

Marsh McLennan Careers

Join the exceptional team at Marsh McLennan, a global leader in professional services, offering unparalleled job opportunities in insurance, risk management, and consultancy. As the company propels forward, it invites dedicated professionals to contribute to a culture of innovation, leadership, and growth.

Work You’ll Do

At Marsh McLennan, you will engage with complex challenges that push the boundaries of your skills and knowledge. Our team thrives on diversity and the shared goal of delivering impactful solutions to our clients worldwide. By joining us, you will be part of a culture that values diversity training and leadership development, ensuring every team member is equipped for success.

Explore Professional Growth

Marsh McLennan is committed to the professional growth of its employees. Whether you are seeking a position that offers a path to leadership or looking for robust internship programs to kickstart your career, Marsh McLennan provides the resources and global platform to propel your ambitions into achievements. Our benefits package is designed to support the well-being and continuous professional development of all staff, from entry-level to senior leadership roles.

Innovative Work Environment

Our company is at the forefront of industry innovation. The collaboration between experienced professionals and fresh talent generates dynamic solutions that keep Marsh McLennan at the cutting edge of the industry. Our team is encouraged to lead with creativity and embrace new ideas, driving the company’s legacy of pioneering industry-first solutions.

Join Our Team

Marsh McLennan is hiring! Explore the multitude of job opportunities on our careers page, from strategic advisory roles to operational excellence positions. We look for passionate, curious, and solution-driven team players. Enhance your career with Marsh McLennan, where your skills will be honed through challenging projects and high-impact strategies.

Networking and Career Advancement

Networking at Marsh McLennan opens doors to enriching connections and countless opportunities within the industry. Our professionals benefit from an environment that fosters networking through events, professional groups, and collaborative projects. With Marsh McLennan, career advancement is not just a possibility—it is an expectation.

Prepare for Your Interview

Ready to apply? Make sure your resume highlights your most relevant experiences and skills tailored to the position you are applying for. Our interview process is designed to understand your capabilities and fit with our team’s goals and values. Prepare to discuss how your background, experiences, and professional aspirations align with the opportunities at Marsh McLennan.

Stay Connected

Keep up to date with the latest from Marsh McLennan: - **Career Insights**: Gain insider perspectives and industry-leading insights through our careers blog. - **Job Alert Emails**: Personalize your subscription to receive job alerts and the latest news tailored to your preferences. Discover the rewarding career opportunities awaiting at Marsh McLennan, where your professional journey is just the beginning. Join us in shaping a future defined by insight, integrity, and innovation.
Learn more about Marsh McLennan
Size
83,000 employees
Market Cap
$82.6 billion
Industry
Net Income
$2 billion
Founded
1914
5 Year Trend
+8.5%
Revenue
$17.2 billion
NASDAQ

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