Company:Oliver Wyman
Description:Location(s): New York City and Chicago are the primary preferred locations for this role. We are also open to candidates based in Charlotte, Boston, Toronto, and other Oliver Wyman office locations. Relocation assistance may be available for qualified candidates.
Position SummaryAs a consultant in our P&C Actuarial Insurance Practice, you will engage in transformative client projects, leveraging your technical expertise and strategic insights to develop, validate, and operationalize actuarial models, methodologies, and workflows. As part of a globally connected practice, you will collaborate with colleagues and clients across geographies, with opportunities to contribute to and deliver projects on a global basis. This role offers the chance to work with multidisciplinary teams and cutting-edge technologies, including AI, to deliver impactful solutions across a wide range of actuarial disciplines, including pricing, reserving, and capital modeling.
Responsibilities- Deliver Transformative Actuarial Solutions: Lead discrete workstreams within client engagements, applying actuarial expertise, advanced analytics, and structured problem-solving to address complex insurance challenges. Support initiatives such as actuarial modernization, process automation, AI-enabled actuarial workflows, model transformation, data modernization, and operating model improvement.
- Analyze and Translate Complex Data: Perform sophisticated analyses across large and complex datasets, identifying insights, trends, and opportunities that inform actuarial, operational, and strategic decision-making.
- Apply Actuarial Expertise: Develop, evaluate, and refine actuarial methodologies, assumptions, models, and analyses, bringing sound technical judgment and ensuring outputs are robust, well-governed, and fit for purpose.
- Advise and Engage Clients: Work directly with client stakeholders to understand business needs, communicate complex actuarial concepts clearly, and translate analytical findings into practical recommendations and executive-ready insights.
- Bridge Actuarial and Technology Teams: Partner with actuaries, engineers, data scientists, and other specialists to translate actuarial requirements into scalable technical solutions, validate outputs, and support implementation.
- Drive Quality and Delivery Excellence: Take ownership for the quality and accuracy of assigned deliverables, challenging data, assumptions, methodologies, and model outputs while ensuring alignment with regulatory requirements and professional standards.
- Advance Actuarial Innovation: Contribute to the design and development of new tools, methodologies, automation, AI-enabled solutions, and delivery approaches that modernize actuarial work, improve efficiency and insight, and expand the capabilities of the insurance consulting practice.
- Support Team Development: Collaborate effectively within multidisciplinary teams, provide guidance to junior colleagues, and contribute to a culture of learning, innovation, and high performance.
QualificationsRequired
- Education: BA/BS degree in Actuarial Science, Mathematics, Statistics, Economics, Finance, or a related field.
- Experience: 3+ years of actuarial experience. Commitment to pursuing CAS actuarial credentials with a minimum of 5 passed actuarial exams.
- Communication Skills: Exceptional verbal and written skills to convey complex information effectively to diverse audiences.
- Analytical Mindset: Strong problem-solving capabilities; intellectual curiosity to meet tight deadlines.
- Microsoft Suite: Advanced Excel for data analysis and reporting.
- Strong Organizational Skills: ability to prioritize, manage multiple tasks and meet project objectives and deadlines.
- AI Proficiency: Experience utilizing AI technologies for modeling and analytics.
- Programming: Knowledge of programming languages (Python, R, SQL)
The applicable base salary range for this role is $115,000-$155,000.
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.
We are excited to offer a competitive total rewards package which includes health and welfare benefits, tuition assistance, 401K savings and other retirement programs as well as employee assistance programs.
Ensure this is adjusted to be appropriate for the 6b level
