Marsh McLennan

P&C Practice - Actuarial Consultant

Marsh McLennan$70K — $130K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • BA/BS degree in Actuarial Science, Mathematics, Statistics, Economics, Finance, or related field.
  • 3+ years actuarial experience; commitment to pursuing CAS credentials with 3 passed exams.
  • Exceptional verbal and written communication skills for conveying complex data.
  • Strong analytical mindset with problem-solving capabilities for meeting tight deadlines.
  • Advanced Excel proficiency for data analysis and reporting.
  • Strong organizational skills to prioritize and manage tasks effectively.

Responsibilities

  • Conduct extensive data analyses to support strategic decision-making.
  • Provide insights on actuarial methodologies to ensure high-quality outputs.
  • Engage with clients and senior stakeholders to translate findings into actionable recommendations.
  • Collaborate with engineering teams to bridge actuarial specifications and technical requirements.
  • Ensure compliance with regulatory standards through rigorous data validation.
  • Enhance tools and methodologies to drive operational excellence.

Benefits

  • Access to a performance-based pay program and year-end bonuses.
  • Comprehensive health and welfare benefits.
  • Opportunities for tuition assistance and 401K savings plans.
  • Employee assistance programs for wellness support.
  • Inclusive employee groups fostering a diverse workplace.
Full Job Description
Company:
Oliver Wyman

Description:

Location(s): Ideal: NYC, Philadelphia, Chicago, Charlotte, Atlanta, Houston, Los Angeles; but open to other locations

Position Summary

As a consultant in our P&C Actuarial Practice, you will engage in transformative client projects, leveraging your technical expertise and strategic insights to develop, validate, and operationalize actuarial models and methodologies. This role offers a chance to work collaboratively with cutting-edge technologies, including AI, to deliver impactful solutions around more traditional actuarial projects involving pricing, reserving, and capital modeling.

Responsibilities

  • Data Analytics: Conduct extensive data analyses, managing large datasets to inform strategic decision-making.


  • Technical Guidance: Provide insights into actuarial methodologies, ensuring high-quality outputs and adherence to governance frameworks.


  • Stakeholder Collaboration: Engage effectively with clients and senior stakeholders, translating complex findings into actionable recommendations.


  • Cross-Disciplinary Collaboration: Opportunities to work with engineering teams to translate actuarial specifications into technical requirements and validate outcomes.


  • Quality Management: Ensure compliance with regulatory standards and internal best practices, rigorously validating data, model outputs and assumptions.


  • Innovation Contribution: Enhance tools, processes, and methodologies to drive operational excellence within the practice.


Qualifications

Required

  • 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 3 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.


Preferred

  • AI Proficiency: Experience utilizing AI technologies for modeling and analytics.


  • Programming: Knowledge of programming languages (Python, R, SQL is a plus)


The applicable base salary range for this role is $70,000 - $130,000

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.

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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