Oliver Wyman Actuarial – Life/Annuities Senior Manager
About The Position
Oliver Wyman's Actuarial Consulting Practice advises clients on a wide range of risk management issues. This rapidly growing practice, with global offices, comprises actuaries with top professional qualifications and national recognition. They employ mathematical and statistical modeling, along with qualitative assessment, to help clients evaluate and manage the financial impact of future uncertainties. The practice offers specialized knowledge in healthcare, life and annuity, and property and casualty risks, providing independent and objective advice. Oliver Wyman delivers tailored actuarial services and strategic insights to help clients achieve their business goals, emphasizing strong client and employee retention through trust, responsiveness, and clear communication. The Life Actuarial Practice specifically works with organizations to manage insurance risks using advanced actuarial and modeling techniques, with employees located in numerous offices worldwide.
Requirements
- 5+ years of professional experience in financial consulting or insurance - FSA preferred
- Prior life insurance M&A and pricing experience is required
- Demonstrated experience in actuarial pricing model development, profitability projections, and data flow management
- Strong background in risk management, sensitivity analysis, and regulatory compliance testing
- Proven experience in product development lifecycle and inforce policy management
- Familiarity with profitability measure calculations and develop sensitivity analyses for a broad range of life insurance and annuity products
- Broad exposure to life insurance, annuity and/or long-term care knowledge and industry recognition in areas such as product development, valuation, financial reporting, and risk management with subject matter expertise in at least one area
- Ability to lead and manage projects, including effective delegation and client solution development
- Exposure to various accounting regimes (e.g. US NAIC, Bermuda EBS, US GAAP, IFRS, Solvency II)
- Proficiency in financial modeling, pricing, valuation with a focus on base case profitability and stress analysis
- Ability to deliver against tight deadlines, in fast-paced, demanding environments
- Detailed oriented with the ability to work on multiple projects concurrently
- Evidence of intellectual curiosity and ability to think strategically and creatively
- Self-motivated, an entrepreneurial attitude, and not afraid of long hours
- Strong communication skills
Responsibilities
- Develop financial models for mergers, acquisitions, internal and external reinsurance, and other capital markets transactions with minimal oversight
- Manage actuarial due diligence, including review of actuarial appraisals, product features, experience studies/assumptions, and asset portfolio; breakdown of complex datasets into simple narratives and recommendations
- Develop executive level management reports, including development of data visualizations
- Present findings to senior management and C-suite executives
- Develop network of contacts throughout the industry via participation in deals, industry conferences, and other events
- Participate in client sales meetings and proposal development
- Work in partnership with our management consulting and actuarial practices in the US and globally
- Act as a trusted resource for both clients and junior staff for product- and technical-related actuarial questions
Benefits
- Meaningful performance-based incentives
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What This Job Offers
Job Type
Full-time
Career Level
Senior
Education Level
No Education Listed
