Marsh McLennan

Oliver Wyman Actuarial - Senior Manager - Life Practice

Marsh McLennan$145K — $180K *
Finance & Insurance
8 - 10 years of experience
Job Overview by Ladders

Qualifications

  • Fellow of the Canadian Institute of Actuaries (FCIA) and Fellow of the Society of Actuaries (FSA) or equivalent.
  • 8+ years of actuarial experience in life insurance, consulting, reinsurance, or regulatory environments.
  • Expertise in life insurance financial reporting and capital management.
  • Experience with Canadian life insurance regulations like IFRS 17 and LICAT.
  • Proven capability to lead complex actuarial projects with little oversight.
  • Project management experience handling multiple teams and workstreams.
  • Experience in coaching junior actuaries and reviewing technical work.

Responsibilities

  • Lead life insurance client projects across Canada, the Caribbean, and the U.S., focusing on IFRS 17, ALM, and more.
  • Manage project execution, ensuring quality outcomes while dealing with budgets, timelines, and risks.
  • Serve as the main client contact, fostering strong relationships through effective communication and advice.
  • Ensure the accuracy of your work and that of junior staff members.
  • Create and present detailed management reports to executives and internal leaders.
  • Cultivate strong relationships with senior stakeholders through credibility and service excellence.
  • Expand industry connections by showcasing the unique offerings of Oliver Wyman.

Benefits

  • Promote active knowledge sharing for continuous learning and improvement.
  • Support the professional development of team members through mentorship.
  • Engage in proposal development and enhance intellectual capital.
  • Collaborate with management consulting and actuarial teams for enriched insights.
Full Job Description

Summary:

As a Senior Manager, you will work directly with Partners, senior client executives, and industry leaders on high-impact engagements. You will serve as the day-to-day leader on complex client projects, bringing strong life insurance financial reporting and capital management expertise while helping clients improve actuarial processes, enhance controls, and leverage automation to deliver more efficient and insightful outcomes.

This role is ideal for an experienced actuary who can independently lead complex engagements with minimal oversight, build trusted advisor relationships with clients, and deliver practical solutions to complex business challenges across North America.

Responsibilities:

  • Lead medium-to-large life insurance client engagements across Canada, the Caribbean and the U.S., with an initial focus on Canadian client needs, including IFRS 17 financial reporting, LICAT capital management, ALM, financial projections, product pricing, mergers and acquisitions, external peer reviews, and other actuarial strategic initiatives.
  • Drive project execution by managing scope, resources, timelines, budgets, risks, and deliverables while ensuring high-quality client outcomes, working closely with Partners and Principals.
  • Serve as the primary day-to-day point of contact for clients, owning ongoing communication and building confidence through responsive communication, sound judgment, and practical advice.
  • Ensure technical accuracy and integrity in your work and in the work produced by junior staff.
  • Produce executive-level management reports and confidently present findings to internal senior leaders, clients, and executives.
  • Build trusted relationships with senior client stakeholders through technical credibility, exceptional client service, and a strong understanding of client needs.
  • Build a strong industry network by demonstrating your expertise and highlighting the unique value Oliver Wyman provides.
  • Stay abreast of industry trends, emerging regulations, and market developments across relevant insurance markets to identify opportunities to deliver value to clients and support practice growth.
  • Foster a collaborative, performance-driven environment that encourages team members to challenge the status quo.
  • Promote active knowledge sharing within the team to support continuous learning and improvement.
  • Coach and develop consultants through technical mentorship, performance feedback, and day-to-day project leadership.
  • Support proposal development, client pursuits, and the development of Oliver Wyman’s intellectual capital, methodologies, and actuarial tools.
  • Work in partnership with our management consulting and actuarial practices.

Qualifications:

Required

  • Fellow of the Canadian Institute of Actuaries (FCIA) and Fellow of the Society of Actuaries (FSA), or equivalent actuarial credentials.
  • 8+ years of actuarial experience in life insurance, consulting, reinsurance, or regulatory organizations.
  • Demonstrated expertise in life insurance financial reporting, valuation, financial projections, regulatory reporting, and capital management.
  • Deep experience with Canadian life insurance reporting and regulatory frameworks, including IFRS 17, LICAT, and Appointed Actuary-related responsibilities.
  • Demonstrated ability to independently lead complex actuarial engagements and deliver high-quality client outcomes with minimal oversight.
  • Proven project management experience leading multiple workstreams and cross-functional teams.
  • Experience reviewing technical work, coaching junior actuaries, and leading multidisciplinary project teams.

The applicable base salary range for this role is $145-180k.

The base pay offered will be determined on factors such as experience, skills, training, location, certifications, and education, and any applicable minimum wage requirements. Decisions will be determined on a case-by-case basis.

In addition to the base salary, this position may be eligible for 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
Net Income
$2 billion
Founded
1914
5 Year Trend
+8.5%
Revenue
$17.2 billion
NASDAQ

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