Actuarial Manager/Senior Manager

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

Company Overview 

The Property and Casualty Consulting Practice assists(re)insurance companies, self-insured corporations, government entities, and other organizations with all aspects of managing property and casualty insurance exposures. We guide P&C clients on their qualitative assessment and quantification of risk and loss exposures, and offer advice on a range of issues, from external business strategy and internal risk management to economic capital modeling and new product development.

Position Summary

As aManager/Senior Managerin our P&C Actuarial Practice,you willwork closely with our consultants and analysts to independently analyze complex problems and develop workable solutions for our clients, including(re)insurance companies,large corporations, captive insurance companies,andstate regulators. The candidate will have significant interaction and visibility with Oliver Wyman’s exciting and diverse client portfolios.This role offers a chance to work collaboratively withcutting-edgetechnologies, including AI, to deliver impactful solutionsaround more traditional actuarialprojects involving pricing, reserving, and capital modeling.

Responsibilities

• Project Work:Avariety ofprojectscouldincludereserving,pricing/ratemaking, predictive modeling, economic capital modeling, and warranty and loyalty rewards programs.

• Project Management: Oversee new and existing projects with minimal principal involvement, serving as the main project contact and effectively managing client communications.

• Analytical Review: Review analysts' work to ensure technical accuracy and integrity across various analyses, templates, and exhibits.

• Exhibits and Reporting: Prepare exhibits and written reports to effectively present findings to clients.

• Client Engagement: Actively attend andparticipatein client meetings asrequired.

• Business Development:Helping to build andmaintainstrong relationships for business development activities,assistingin proposals and presentations for prospective clients.

• 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 andvalidateoutcomes.

• Quality Management: Ensure compliance with regulatory standards and internal best practices, rigorously validatingdata,modeloutputsand assumptions.

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

• People Management: Support the training, development, and mentoring of analysts within project teams to aid their career growth.

Qualifications

Required 

• Education: BA/BS degree

• Experience:5+ years of actuarial experience;ACASorFCAS credentials.

• Communication Skills: Exceptional verbal and written skills to convey complex information effectively to diverse audiences.

• Analytical Mindset: Strong problem-solving capabilitiesto develop client-oriented solutions; intellectual curiosity to meet tight deadlines.

• StrongOrganizationalSkills:Ability to prioritize,manage multipletasksand meet project objectives and deadlines. 

• Microsoft Suite: Advanced Excel/ PowerPointfor data analysis and reporting.

Preferred

• AI Proficiency: ExperienceutilizingAI technologies for modeling and analytics.

• Programming: Knowledge of programming languages (Python, R,orSQLis a plus).

Why Work for Us 

The Actuarial Practice of Oliver Wyman seeks to invest in its people by fostering a safe and inclusive environment, respecting and welcoming different perspectives, promoting an ownership culture, providing opportunities for individuals to develop their personal brand, and celebrating successes and rewarding performance. There are employee groups for: the LGBT+ community, racially and ethnically diverse employees, women, family life, introverts and veterans of military service at Oliver Wyman.  

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 US Benefits | Marsh McLennan.  

For more information, please visit our website at www.oliverwyman.com/actuaries.  

Marsh McLennan and its Affiliates are EOE Minority/Female/Disability/Vet/Sexual Orientation/Gender Identity employers.  

The applicable base salary range for this role is$85,000 – $230,000. 

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.  

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.