Company Overview

Oliver Wyman is a global leader in management and actuarial consulting. With offices in 60 cities across 29 countries, Oliver Wyman combines deep industry knowledge with specialized expertise in strategy, operations, risk management, and organization transformation. The firm has more than 5,000 professionals around the world who work with clients to optimize their business, improve their operations, and risk profile, and accelerate their organizational performance to seize the most attractive opportunities.  Oliver Wyman’s thought leadership is evident in our agenda-setting books, white papers, research reports, and articles in the business press Oliver Wyman is a wholly owned subsidiary of Marsh McLennan [NYSE: MMC]. Twitter @OliverWyman.

Visit our website for more details about Oliver Wyman: www.oliverwyman.com

Oliver Wyman uses mathematical and statistical modeling skills and our qualitative assessment methodologies to assist our clients in evaluating and addressing risk. Our solutions help clients to manage and prepare for the potential financial consequences of uncertain future events.

Oliver Wyman’s Property and Casualty Actuarial Consulting Practice assists 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 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.

Job Overview

Oliver Wyman is currently seeking an experienced Actuarial Consultant to support our growing property & casualty actuarial consulting practice. 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 eventually have significant interaction and visibility with Oliver Wyman’s clients, which include large self-insured corporations, captive insurance companies, public entities, and healthcare providers. Location is flexible but the candidate would be working primarily with personnel from our Melville, New York office.

Projects include (but are not limited to) the following:

• Loss reserve studies
• Loss forecasts
• Funding studies
• Claim cost allocations
• Regulatory support (rate filing reviews, company examinations, evaluation of predictive models)

Key Responsibilities:

• Prepare spreadsheet models for analyses
• Organize and analyze large volumes of data, ensuring integrity and accuracy
• Identify data trends and explain observations clearly and succinctly to senior team members
• Verify technical accuracy of analyses
• Assist in the preparation of proposals
• Prepare exhibits for marketing/sales presentations

Requirements:

• 2+ years of actuarial experience in the property & casualty industry, with a preference for reserving experience
• Preferably 2 or more actuarial exams passed
• Ability to work efficiently and effectively in both independent and team settings
• Strong written and oral communication skills
• Superior problem solving and learning abilities
• Ability and willingness to work in a fast-paced environment
• Organized and capable of working on multiple projects
• Strong command of Microsoft Excel and experience with MS Word and PowerPoint; aptitude to learn other software packages as needed

Why work for us?

Oliver Wyman seeks to invest in its people by fostering a safe and inclusive environment that respects and welcomes different perspectives, promotes an ownership culture, provides opportunities for individuals to develop their personal brand, and celebrates successes and rewards performance.

Oliver Wyman also provides an Actuarial Study Program and a supportive and flexible work environment.

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

Oliver Wyman is committed to the principles for equal employment opportunity and complies with all relevant federal, state, and local laws.

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

About Marsh McLennan
Marsh McLennan (NYSE: MMC) is the world’s leading professional services firm in the areas of risk, strategy and people. The Company’s 83,000 colleagues advise clients in 130 countries. With annual revenue of nearly $20 billion, Marsh McLennan helps clients navigate an increasingly dynamic and complex environment through four market-leading businesses. Marsh provides data driven risk advisory services and insurance solutions to commercial and consumer clients. Guy Carpenter develops advanced risk, reinsurance and capital strategies that help clients grow profitably and pursue emerging opportunities. Mercer delivers advice and technology-driven solutions that help organizations redefine the world of work, reshape retirement and investment outcomes, and unlock health and wellbeing for a changing workforce. Oliver Wyman serves as a critical strategic, economic and brand advisor to private sector and governmental clients. For more information, visit marshmclennan.com, follow us on LinkedIn and Twitter or subscribe to BRINK.

The applicable base salary range for this role is $70,000 to $115,000 plus an annual discretionary incentive bonus plus benefits.

The base pay offered will be determined on factors such as experience, skills, training, location, certifications, and education.  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.

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