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 and is experiencing rapid growth globally. Our actuaries are highly qualified professionals recognized as experts in their fields. We utilize mathematical and statistical modeling, along with qualitative assessment, to help clients evaluate and manage risks, preparing them for the financial impacts of future uncertainties. We offer a blend of broad expertise and specialized knowledge in healthcare, life and annuity, and property and casualty risks, providing independent and objective advice. 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. We pride ourselves on exceptional client and employee retention, built on trust, responsiveness, and clear communication.
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
