Marsh McLennan

Oliver Wyman Actuarial - Full-Time Consultant and Analyst Roles - 2027

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

Qualifications

  • Pursuing or recently completed a degree in Actuarial Science, Mathematics, Statistics, or a related field
  • At least 1 actuarial exam passed
  • Strong analytical and quantitative skills
  • Excellent written and verbal communication
  • Ability to manage multiple priorities in a fast-paced environment
  • Collaborative mindset with independence when needed
  • Preferred technical skills: Excel; familiarity with R, Python, SQL, SAS, or VBA

Responsibilities

  • Develop and run actuarial models for valuation, pricing, and projections
  • Analyze results and perform sensitivity testing to assess key drivers
  • Support assumption development through data analysis and research
  • Prepare clear analyses and contribute to client deliverables

Benefits

  • 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
Full Job Description
Company:
Oliver Wyman

Description:

Role

  • Life – Actuarial Analyst

Life Practice

Role: Actuarial Analyst
Locations: Chicago

Overview
Focuses on life, annuity, and long-term care work, including pricing, valuation, and actuarial model transformation.

What You’ll Do

  • Develop and run actuarial models for valuation, pricing, and projections

  • Analyze results and perform sensitivity testing to assess key drivers

  • Support assumption development through data analysis and research

  • Prepare clear analyses and contribute to client deliverables

Example Projects

  • Life and annuity product development, pricing, and valuation

  • Assumption setting and model methodology review

  • M&A due diligence and financial projections

  • Model transformation, conversions, and long-term care analytics

Qualifications and skills:

  • Pursuing or recently completed a degree in Actuarial Science, Mathematics, Statistics, or a related field

  • At least 1 actuarial exam passed (required)

  • Strong analytical and quantitative 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

  • Nice to have: Relevant experience in life insurance or actuarial work (not required)

Compensation & Benefits

Base salary range (U.S.): $65,000 – $110,000 USD, 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

Application Process

When applying, please:

  • Rank your preferred practice areas (Please note, Life is the only available practice on this application)

  • Indicate your preferred office location (please note, Chicago is the only available office on this application.)

Work Authorization

Candidates must have permanent, unrestricted U.S. work authorization. Visa sponsorship is not available for this role. (Please note, CPT and OPT are considered restricted forms of work authorization)

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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