Marsh McLennan

Oliver Wyman Actuarial - Life Insurance Consultant

Marsh McLennan$70K — $150K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • ASA to FSA with at least 4+ years of professional experience
  • US life, annuity and/or LTC technical experience or regulatory knowledge
  • Strong written and oral communication skills
  • Excellent project management and time management skills
  • Professional experience with actuarial modeling software (e.g., Moody's Analytics AXISTM, Prophet, PolySystems)

Responsibilities

  • Contribute to client projects in life and annuity product development and modeling
  • Review pricing assumption and model methodology, benchmarking industry practices
  • Conduct due diligence for mergers & acquisitions, including model development
  • Transform and optimize actuarial model data and processes
  • Support long-term care assumption development and management
  • Prepare client presentations, case studies, and marketing materials

Benefits

  • Invest in people by fostering a safe and inclusive environment
  • Offer performance-based pay and year-end bonuses
  • Provide opportunities for personal branding and professional development
  • Support for various employee groups promoting diversity and inclusion
Full Job Description
Company:
Oliver Wyman

Description:

Life - Consultant

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

Job Description

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


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.

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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