Consultant
Oliver Wyman is currently seeking candidates to join our growing Property & Casualty Actuarial Consulting Practice as an Actuarial Consultant. This position requires the candidate to work as part of a team of professionals to independently analyze complex problems and develop workable solutions for self-insured clients. The candidate will have interaction and visibility with Oliver Wyman’s clients, which include large self-insured corporations, captive insurance companies, state regulators, and P&C insurance companies.
Projects and responsibilities include:
- Focus on loss reserving projects with additional engagements in pricing/ratemaking, predictive modeling, economic capital modeling, and loyalty rewards programs
- Demonstrated ability to join existing projects, taking ownership of project task/responsibilities, and ensuring seamless client communication
- Review and validate the work of analysts, ensuring technical accuracy and integrity on a wide variety of analyses, templates and exhibits
- Compile, verify and/or reasonability check client data
- Apply complex actuarial theories and principles to create statistical models
- Prepare and/or oversee production exhibits and written reports to present findings
- Assist or lead in the preparation of proposals and presentations for prospects
- Attend client meetings, marketing/sales presentations as required
Skills and Experience
- Bachelor’s and/or Master’s degree in Actuarial Science, Mathematics, Statistics, Finance or a related field
- Minimum of two actuarial exams passed, additional exam progress towards ACAS/FCAS is preferred
- 4+ years of actuarial experience in the property and casualty industry, and with Property and Casualty clients such as, large self-insured corporations, captives, (re)insurers, state regulators. Previous consulting experienced is a plus
- Exceptional organizational skills, with an ability to prioritize and handle multiple tasks in a fast-paced work environment
- Excellent written and verbal communication skills, with the ability to build strong relationships with clients, colleagues, and industry stakeholders
- Proven ability to foster a culture of inclusiveness, innovation, and continuous improvement within the practice and across the broader organization
- Willingness to travel as needed to support client engagements and business development activities
- Self-motivated and proactive, with a demonstrated ability to develop client-oriented solutions
- Collaborative team player, capable of working effectively in a cross-functional environment
- Strong command of Microsoft Office, Excel, Word, and PowerPoint, etc.
- R, SAS, SQL, or VBA experience a plus
Skills Required
- Bachelor's or Master's degree in Actuarial Science, Mathematics, Statistics, Finance or related field
- Minimum of two actuarial exams passed
- Progress toward ACAS/FCAS (additional exam progress)
- 4+ years of actuarial experience in property and casualty (self-insureds, captives, (re)insurers, regulators)
- Previous consulting experience
- Exceptional organizational skills and ability to prioritize multiple tasks
- Excellent written and verbal communication skills and client relationship ability
- Proven ability to foster inclusiveness, innovation, and continuous improvement
- Willingness to travel as needed for client engagements and business development
- Self-motivated, proactive, and able to develop client-oriented solutions
- Collaborative team player able to work cross-functionally
- Strong command of Microsoft Office (Excel, Word, PowerPoint)
- Experience with R, SAS, SQL, or VBA
Marsh McLennan Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Marsh McLennan and has not been reviewed or approved by Marsh McLennan.
-
Leave & Time Off Breadth — Leave offerings are described as generous, including sizable PTO, paid holidays, paid sick days, and additional time off such as paid volunteer time and “Summer days.” These time-off benefits are portrayed as a standout part of the overall rewards package.
-
Healthcare Strength — Healthcare coverage is characterized as comprehensive, spanning medical, dental, and vision options, with additional supports like disability and life insurance and access to mental health resources and an EAP. The breadth of plan options is positioned as a core strength of the benefits package.
-
Retirement Support — Retirement benefits are framed as solid, with 401(k) programs and employer matching frequently highlighted alongside other financial programs. Stock purchase options are also referenced as an additional wealth-building component of the total rewards mix.
Marsh McLennan Insights
What We Do
Marsh McLennan (NYSE: MMC) brings together nearly 78,000 experts in risk, strategy, and people across Marsh, Guy Carpenter, Mercer, and Oliver Wyman, serving clients in over 130 countries. Marsh enables enterprise worldwide by helping clients manage risks, transforming uncertainty into opportunity. Guy Carpenter helps clients grow profitably with reinsurance broking expertise, advisory services, and advanced analytics. Mercer helps organizations advance the health, wealth, and careers of their most vital asset — their people. Oliver Wyman’s expertise in strategy, operations, risk, and organization transformation changes what is possible for our clients, their industries, and society. Together, we combine a unique range of capabilities to help our clients solve problems, seize opportunities, and build lasting success in increasingly complex operating environments.
