Oliver Wyman - Actuarial Consultant - US Life
About The Position
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 Wyman’s 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 Wyman’s 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
Requirements
- 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., Moody’s Analytics AXISTM, Prophet, PolySystems)
- Excellent technical knowledge of MS Excel, MS Access or other database software, VBA or other programming languages
Responsibilities
- 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
Benefits
- Oliver Wyman provides a competitive compensation and benefits package, including an Actuarial Study Program and a supportive and flexible work environment.
- 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.
- 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.
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
No Education Listed
Number of Employees
5,001-10,000 employees
