Marsh McLennan

Oliver Wyman Class of 2027 Actuarial and Strategy Consultant- Integrated Consulting Group - Toronto

Marsh McLennan$65K — $110K *
Business Services
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Pursuing a degree in Actuarial Science, Mathematics, Statistics, or a related STEM or business field.
  • Class of 2027 graduation expected.
  • Minimum GPA of 3.5 required.
  • At least one actuarial exam passed or willingness to pursue further actuarial exams or CFA designation.
  • Strong interest in strategy consulting and actuarial applications, combined with analytical and problem-solving skills.
  • Excellent written and verbal communication abilities.
  • Competent in managing multiple priorities in a fast-paced environment.

Responsibilities

  • Analyze complex business problems with data and structured thinking.
  • Conduct research, synthesizing insights into clear recommendations.
  • Develop client-ready materials including presentations and summaries.
  • Collaborate with teams for effective project delivery.
  • Support projects related to finance and actuarial function design.
  • Drive large-scale transformation initiatives across various domains.

Benefits

  • Actuarial exam support program including paid study time and exam reimbursement.
  • Performance-based incentives offered.
  • Health and wellness benefits provided.
  • 401(k) and retirement programs available for employees.
  • Employee assistance programs included.
Full Job Description
Company:
Oliver Wyman

Description:

Roles
  • Integrated Consulting Group (ICG) - Actuarial & Strategy Consultant


Integrated Consulting Group (ICG)

Role: Actuarial & Strategy Consultant
Location: Toronto

Overview
ICG combines actuarial expertise with strategy consulting to help insurers and asset managers modernize finance functions, design products, execute M&A, and improve operations.

What You'll Do
  • Analyze complex business problems using data, models, and structured thinking
  • Conduct research and synthesize insights into clear recommendations
  • Develop client-ready materials (presentations, models, summaries)
  • Collaborate with teams to support project delivery


Example Projects
  • Designing target operating models for finance and actuarial functions
  • Supporting the launch of new or "greenfield" insurance businesses
  • Developing corporate strategies across product, distribution, and operations
  • Driving large-scale transformation across actuarial, finance, and technology


Qualifications and Skills
  • Currently pursuing a degree in Actuarial Science, Mathematics, Statistics, or another STEM or business-related field
  • Class of 2027
  • Minimum GPA of 3.5
  • At least 1 actuarial exam passed (CAS or SOA) OR willingness to take actuarial exams OR interest in pursuing the CFA designation
  • Strong interest in both strategy consulting and actuarial applications
  • Strong analytical and problem-solving 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


*If interested in the ICG, feel free to check out our ICG job simulation here, Oliver Wyman Integrated Consulting Group - Forage, for an immersive experience designed to introduce you to the high-impact work of the strategy, risk, and transformation work we do.*

Compensation & Benefits

Base salary range (U.S.): $65,000 - $110,000 CAD, 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


Work Authorization
*All candidates must have valid work authorization to work in Canada permanently.*

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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