Actuarial Manager/Senior Manager - Domain Specialist

Marsh McLennan • Boston, MA

17d • Hybrid

About The Position

Oliver Wyman’s US P&C Actuarial Consulting Practice is hiring an Actuarial Manager/Senior Manager — Domain Specialist with deep expertise in at least one of these areas: pricing, reserving, or capital modeling. This is an actuarial role centered on technical judgement: validating models and assumptions, challenging outputs, and providing clear actuarial recommendations to senior stakeholders. The Actuarial Manager will work closely with actuarial consultants and analysts to execute projects. The candidate profile aligns with deep hands‑on actuarial experience in reserving, capital modelling or pricing.

Requirements

• Fellowship in a recognized actuarial body (e.g., FCAS/FIA) or equivalent senior actuarial qualification.
• Substantial hands‑on experience in reserving, pricing and/or capital/regulatory modelling within P&C insurance or reinsurance (multiple years’ operating independently on core actuarial processes).
• Strong technical skills with actuarial tools and languages (experience with Python, VBA, SQL, or R is advantageous).
• Demonstrated experience preparing actuarial reports or papers and interacting with senior stakeholders and auditors.
• Proven ability to challenge model development teams constructively and to translate actuarial judgement into testable, auditable requirements.

Nice To Haves

• Track record of running innovation or efficiency projects that improved actuarial processes or model robustness.
• Proven mentoring / training experience for junior actuaries and cross‑departmental collaboration.

Responsibilities

• Provide technical leadership in your area of expertise as you support our practice’s business development and sales initiatives as well as client engagements.
• Validate, challenge and sign‑off model outputs and assumptions (deterministic and stochastic), ensuring appropriate documentation and audit trails for committee and regulatory review.
• Perform and oversee complex actuarial analyses, that meet actuarial standards of practice and prepare thorough actuarial documentation to support your work.
• Lead internal client projects, and review changes made by project teams to ensure our deliverables address business objectives.
• Communicate our actuarial findings and recommendations to key stakeholders, such as finance, risk and senior management.
• Work closely with our actuarial developers: translate actuarial judgement into precise model requirements, review developer changes, and verify implementations through independent testing and reconciliation.
• Prepare clear, executive‑level reports and present findings to senior stakeholders (Reserve Committees, CFO/Chief Actuary level), and mentor junior actuarial staff.

Benefits

• 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 US Benefits | Marsh McLennan.
• We are excited to offer a competitive total rewards package which includes health and welfare benefits, tuition assistance, 401K savings and other retirement programs as well as employee assistance programs.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: No Education Listed