Oliver Wyman Actuarial, P&C Team Capital Modellers wanted (all levels)

Office: London (hybrid)

At Oliver WymanActuarialwerepassionate about shaping the future of the P&C insurance industry with bold ideas and innovative solutions. Join a global team ofactuarialexperts where your skills will be valued your career ambitions supported and your impact felt across markets worldwide. Togetherwelltackle complexbusiness and actuarialchallenges drive transformation and create lasting value for our clients and communities.

Our capital work pipeline is booming withsome of the most exciting projects in the P&C market!We are looking for talented professionals tobring theirexpertiseand help shapethe future with us.Come andjoin us.

Who we are

Oliver Wyman is a global leader in management consulting. With offices in more than 70 cities across 30 countries Oliver Wyman combines deep industry knowledge with specialisedexpertisein strategy operations risk management and organisation transformation.

The Actuarial Practice of Oliver Wyman provides customised actuarial services and strategic insight supporting clients as they strive to exceed their businessobjectives. Our exceptional client and employee retention exemplify our commitment to relationships built on trust responsiveness and clear communication.

Oliver Wymans Actuarial department is rapidly expanding in the UK and is seeking P&C Actuaries (partially or fully qualified) to join our growing UK team. This is a rare opportunity to be part of abespokeUK consultancy with big ambitions and the chance to help build the local business while working within a hugely successful global P&C practice.

This position will require the candidate to work closely with our actuarial teams across Europe and potentially other regions to independently analyse complex problems and develop innovative solutions for our clients. Our Data & Analytics experts are at the forefront of developing advanced predictive modelling and technological solutions and are working closely with our actuarial teams to deliver innovative solutions in the areas of claimsanalyticsand data visualisation for insurers.

What you will do

You will work alongside and learn from Oliver WymanActuarialindustry leaders and other experienced consultants while contributing to a broad range of client projects. You will gain industry exposure with Oliver Wymans clients which include top tier insurance companies reinsurance companies investment banks law firms regulators private equity firms and many more. You will also have the chance to take the initiative and lead on new andemergingideasleveragingthe wider Oliver Wyman and Marsh organisations.

Potential projects may include:

• Widevariety of capital-relatedwork ranging from internal modeldesignimplementationvalidationand documentation.SupportonimportantregulatorycapitalprojectsincludingInternal Model Approval Process (IMAP) applicationsandmajor model changes as well as bespoke specialistsupport for small and large entitiesacrossmany geographical regions and regulatoryregimes. Includes Lloyds UK& Europeaninsurancecarriersandother growing insurance marketsglobally.

• Capital and financial reportingleveragingthe tools available and developed by Oliver Wyman globally.

• Opportunity to get involved in wider actuarial consultingsupport working with Oliver Wyman Actuarial in the UK and overseas plus our colleagues inthe widerMarshgroupTypes of workcouldinclude:

• Independent reserve reviews plusAIprocess transformation and automation initiativesmethodologyreviewsand customisable reserve implementations

• Development and maintenance of intellectual capital including involvement with the latest data science techniques andcutting-edgemethodologies from quantitative finance

• M&A due diligence work including management support and strategy model build and development of projected UK statutory distributable earnings and future new business value

• Risk management and support including validation risk appetitereviewsand oversight as well as emerging practice on climate risk

• Actuarial model conversions and optimisation (Reserving Pricing Capital)

• Client and industry presentations surveys case studies and wider marketing support and business development including managing proposalstendersand other stakeholder management

• Supporting other business lines within the Marshgroupas we continue to build integrated solutions for our clients

What you will bring

• Bachelors or Mastersdegree preferably in Actuarial Science Mathematics StatisticsFinanceor a related field

• Minimum3years of relevant Property & Casualty actuarial experienceespeciallyCapital Modelling

• Newly/nearlyqualifiedactuary (FIA or equivalent)preferred

• Knowledge of finance and/or risk management topics including technical aspects such as Solvency II internal models ORSA and IFRS 17

• Strong modelling skills with practical experience in at least one coding language (e.g. R Python) would be preferred

• Knowledge ofLloyds of London Capital Requirements

• Understanding of the insurance industry and the challenges faced by our clients

• Highly motivated and willing to work in a dynamic environment

• Strong background in problem-solving with demonstrable analytical skills

• Outstanding written and oral communication in both formal and informal settings

• Self-starter stronginitiativeand the ability to take the lead where appropriate