Oliver Wyman – Actuarial Consultant – Property & Casualty

Location(s):  New York City, NY - Northeast hybrid positions will be considered

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 provides customized actuarial services and strategic insight, supporting clients as they strive to exceed their business objectives.  Our exceptional client and employee retention exemplify our commitment to relationships built on trust, responsiveness and clear communication.

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’s office in New York City is currently considering applicants for Actuarial Consultant to support our growing property & casualty actuarial consulting practice.  The position requires the candidate to work as part of a team of professionals to independently analyze complex problems and develop workable solutions.  The candidate will achieve significant interaction and visibility with Oliver Wyman’s clients, which include top tier insurance companies, large corporations, private equity firms, and state regulators.  Optimally candidates will join the NYC office but there is flexibility on locations throughout the Northeast region.

Key Responsibilities:

• Assist with and/or manage loss reserving, pricing, due diligence evaluation modeling, and insurance company regulatory examination assignments involving variety of commercial and personal lines of business
• Compile, verify and/or reasonability check client data
• Setup and/or oversee spreadsheet analysis, templates, and exhibits
• 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 marketing/sales presentations as required

Skills and Attributes:

• Strong organizational skills with an ability to prioritize and handle multiple tasks in a demanding work environment.
• Excellent interpersonal skills; strong oral and written communications skills
• Excellent analytical abilities
• Ability to develop client-oriented solutions
• Ability to manage a heavy work volume and meet deadlines in an extremely fast paced environment
• Ability to undertake projects and produce quality and timely results
• Self-starter, strong initiative, confidence and ability to work with little guidance
• Collaborative team player

Minimum Experience Required:

• BS/BA degree in actuarial science, mathematics, statistics, economics, finance, business, or related field
• 2+ years of actuarial experience in the property & casualty industry, with a preference for prior actuarial consulting experience
• 2+ CAS exams (including joint SOA exams)
• Commitment to achieving FCAS designation
• Proficiency with Microsoft Excel, Word, and PowerPoint

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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