Marsh McLennan

Oliver Wyman Actuarial - Life/Annuities Senior Manager

Marsh McLennan • $100K — $195K *
Hartford, CT 06106In-Person
Finance & Insurance
5 - 7 years of experience
Reposted 4 weeks ago
Job Overview by Ladders

Qualifications

  • 5+ years of experience in financial consulting or insurance; FSA preferred
  • Life insurance M&A and pricing experience required
  • Expertise in actuarial pricing model development and data flow management
  • Strong background in risk management and regulatory compliance testing
  • Proven experience in product development lifecycle and inforce policy management
  • Familiarity with profitability calculations and sensitivity analyses for life insurance and annuity products
  • Exposure to multiple accounting regimes (e.g. US NAIC, IFRS)

Responsibilities

  • Develop financial models for mergers, acquisitions, and other capital transactions
  • Manage actuarial due diligence, assessing complex datasets and providing recommendations
  • Create executive management reports with data visualizations
  • Present analytical findings to senior management and C-suite executives
  • Cultivate industry connections through participation in deals and conferences
  • Participate in client sales meetings and proposal development
  • Collaborate with management consulting and actuarial teams globally
  • Serve as a trusted resource for clients and junior staff on actuarial topics

Benefits

  • Commitment to diversity and inclusion in the workplace
  • Flexible hybrid work environment with remote work options
  • Opportunities for professional development and networking
  • Supportive culture that emphasizes relationships built on trust and communication
Full Job Description
Company:
Oliver Wyman

Description:

Oliver Wyman Actuarial - M&A Consulting Actuary - US Life & Annuity

Remote type: Hybrid

Locations: NY, Boston, Chicago, and other Oliver Wyman offices

Responsibilities
  • Develop financial models for mergers, acquisitions, internal and external reinsurance, and other capital markets transactions with minimal oversight
  • Manage actuarial due diligence, including review of actuarial appraisals, product features, experience studies/assumptions, and asset portfolio; breakdown of complex datasets into simple narratives and recommendations
  • Develop executive level management reports, including development of data visualizations
  • Present findings to senior management and C-suite executives
  • Develop network of contacts throughout the industry via participation in deals, industry conferences, and other events
  • Participate in client sales meetings and proposal development
  • Work in partnership with our management consulting and actuarial practices in the US and globally
  • Act as a trusted resource for both clients and junior staff for product- and technical-related actuarial questions

Requirements
  • 5+ years of professional experience in financial consulting or insurance - FSA preferred
  • Prior life insurance M&A and pricing experience is required
  • Demonstrated experience in actuarial pricing model development, profitability projections, and data flow management
  • Strong background in risk management, sensitivity analysis, and regulatory compliance testing
  • Proven experience in product development lifecycle and inforce policy management
  • Familiarity with profitability measure calculations and develop sensitivity analyses for a broad range of life insurance and annuity products
  • Broad exposure to life insurance, annuity and/or long-term care knowledge and industry recognition in areas such as product development, valuation, financial reporting, and risk management with subject matter expertise in at least one area
  • Ability to lead and manage projects, including effective delegation and client solution development
  • Exposure to various accounting regimes (e.g. US NAIC, Bermuda EBS, US GAAP, IFRS, Solvency II)
  • Proficiency in financial modeling, pricing, valuation with a focus on base case profitability and stress analysis
  • Ability to deliver against tight deadlines, in fast-paced, demanding environments
  • Detailed oriented with the ability to work on multiple projects concurrently
  • Evidence of intellectual curiosity and ability to think strategically and creatively
  • Self-motivated, an entrepreneurial attitude, and not afraid of long hours
  • Strong communication skills


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 $100k to $195k.

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.

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
Finance & Insurance
Net Income
$2 billion
Founded
1914
5 Year Trend
+8.5%
Revenue
$17.2 billion
NASDAQ
MMC
* Ladders Estimates

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