Job Specification

Practice Group:         Financial Services

Practice:                     Insurance

Location:                    Toronto

Role:                            Associate, Engagement Manager

Practice Overview

The Insurance and Asset Management Practice provides leading Life Insurers, Property & Casualty Insurers, and Asset Managers with strategic insights to succeed in a rapidly evolving competitive, regulatory, and capital markets environment. Our work spans a range of topics, including strategy development, financial effectiveness, product design and management, operational excellence, underwriting and pricing, and distribution. Recent examples of our impact include:

• Establishing a Greenfield insurer from strategy formulation, technology selection across the value chain, project planning through to implementation
• Designing a multi-year corporate strategy for an Independent Broker Dealer that included product development, distribution and operations and technology components
• Building a generative-AI powered contract review tool reviewing the insurance sections of contracts

Developing a target operating model for the Finance and Actuarial functions of a life insurer to empower them with enhanced data and the technology they need to design products, perform pricing updates, and calculate reserves

The Insurance Practice is seeking Associates and Engagement Managers to support our continued expansion, a strategic priority for the firm. This is an exciting opportunity to be part of a successful team.  For more information about our Practice, please visit

Associate / Engagement Manager Role

Our consulting roles offer excellent career and growth opportunities for talented, highly motivated professionals with relevant prior experience. As a professional member of our firm in the Associate or Engagement Manager role, your initial responsibilities will include:

• Managing the execution of individual project workstreams or projects. This typically includes project / workstream planning and coordination; developing hypotheses; managing data collection, model creation and analyses; conducting primary and secondary research; creatively tackling information limitations; and surfacing insights
• Synthesizing findings into written presentations; reviewing and discussing with clients and other stakeholders; leading client readouts of written presentations or deliverables
• Supporting our Partner group in project delivery through accurate and high-quality execution

Managing and developing junior consultants on individual project workstreams or projects. This typically includes task allocation tailored appropriately by skill sets; output / deliverable review and iteration; constructive feedback sessions; and mentoring / development in consulting skillset and / or insurance industry content or related topics

Desired Skills and Experience

Just as every client project is different, we recognize and value the diversity of backgrounds and skill sets for successful candidates.  We are seeking high-caliber individuals who want to join our winning team.  While specific responsibilities will vary based on previous experience the ideal candidate will have the following: 

• 4-7 years of relevant experience, ideally with a top-tier strategy consulting firm (or other similar organizations with project-based, team-oriented environments)
• Experience with insurance-related topics, such as organizational design, strategic planning, product design, distribution, underwriting, policy or claims administration, claims, risk and capital management, pensions, or reinsurance
• Track record of leading and managing teams, and delivering against tight deadlines in fast-paced, demanding environments
• Strong background in strategic problem solving with demonstrable analytical skills
• Outstanding written and verbal communication skills
• Undergraduate or advanced degree from a top academic program
• Willingness to travel

Unrestricted U.S. work authorization is required for U.S. office locations. Oliver Wyman does not offer sponsorship for this position. Please note that CPT and OPT are restricted forms of work authorization.

The applicable base salary range for this role is $190,000 to $260,000 CAD.

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 additional to the base salary, this position is eligible for 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 .