Oliver Wyman - Actuarial Consultant - US Life
Oliver Wyman - Actuarial Consultant - US Life
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Job Description
Company:
Oliver WymanDescription:
Office/Regions available: Atlanta Boston Charlotte Chicago Hartford Kansas City New York and Seattle
Company Overview
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.
The Actuarial Practice of Oliver Wyman is an operating division of the Oliver Wyman Group a member of the Marsh & McLennan Companies (MMC) the foremost employer of actuaries in the world. The US Life Actuarial Practice of Oliver Wyman works with organizations to manage their insurance risks using advanced actuarial and modeling techniques with over 180 employees operating across 10 offices globally.
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 provides a competitive compensation and benefits package including an Actuarial Study Program and a supportive and flexible work environment. Explore all the benefits offered at US Benefits Marsh McLennan.
Job Description
The US Life Practice of Oliver Wyman strives to be the consulting firm of choice for clients and employees and to be recognized as the premier life annuity and LTC actuarial consultancy by fostering the power of ideas to lead our industry consistently helping clients achieve their strategic objectives and gaining trusted advisor status. The practice seeks to inspire an entrepreneurial culture which fosters free flowing ideas values diversity and allows for challenges to the status quo. Its colleagues are proud to perform exciting diverse and leading-edge work.
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.
As a new Consultant you will work alongside Oliver Wymans industry leaders and other experienced consultants and will be expected to contribute to a broad range of client projects. You will achieve significant interaction and visibility with Oliver Wymans clients which include top tier insurance companies reinsurance companies investment banks law firms state regulators and private equity firms.
Potential projects may include:
- Life and annuity product development modeling valuation and analysis support
- Pricing assumption and model methodology review including benchmarking to applicable industry and peer experience
- Mergers & acquisitions due diligence including assumption review model build and development of projected US statutory distributable earnings and Actuarial Appraisal Value
- Long Duration Targeted Improvements (LDTI) modeling and implementation support
- Transformation of pre and post actuarial model data and processes including systems and financial reporting integration analytics and workflow
- Actuarial model conversions and optimization
- Long-term care assumption development in-force block management modeling and product development
- Client and industry presentations surveys case studies and marketing support
- Development and maintenance of intellectual capital
Skills and Attributes
- ASA to FSA with at least 4 years of professional experience
- Track record of rapid learning high performance and professional growth
- US life annuity and/or LTC technical experience and/or regulatory knowledge
- Strong written and oral communication skills
- Excellent project management and time management skills
- Ability to work independently and direct junior staff
- Understanding of the value of collaboration and the ability to work effectively in a team setting
- Deep critical-thinking skills and problem-solving ability
- Highly motivated individual and willingness to work in a dynamic environment
- Professional experience with actuarial modeling software (e.g. Moodys Analytics AXISTM Prophet PolySystems)
- Excellent technical knowledge of MS Excel MS Access or other database software VBA or other programming languages
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.
The applicable base salary range for this role is $96000 to $150000.
The base pay offered will be determined on factors such as experience skills training location certifications educations and any applicable minimum wage requirements. Decisions will be determined on a case-by-case addition to the base salary this position is eligible for meaningful performance-based incentives.
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.
Required Experience:
Contract
Employment Type
Full-Time
