Oliver Wyman Actuarial – Annuities Manager/ Senior Manager – Life
About The Position
Oliver Wyman is seeking an experienced Annuities Manager with 5+ years of experience in the annuities sector. The ideal candidate will have a solid foundation in annuity product development, pricing strategies, regulatory compliance, hedging, and risk management. This role is essential for leading annuity product initiatives and driving growth in our annuities business. Oliver Wyman provides customized actuarial services and strategic insight, supporting clients as they strive to exceed their business objectives. Our exceptional client and employee retention exemplify our commitment to relationships built on trust, responsiveness and clear communication. The Life Actuarial Practice of Oliver Wyman works with organizations to manage their insurance risks using advanced actuarial and modeling techniques and has employees across over a dozen offices globally.
Requirements
- Bachelor’s degree in Actuarial Science, Finance, or a related field.
- A minimum of 5 years of relevant experience with annuity products, preferably with hands-on involvement in pricing, product development, and/or inforce management.
- Knowledge of the annuity market landscape, including key players, trends in product development, product management, and regulatory changes.
- Strong analytical and strategic thinking skills, with an ability to navigate complex problems effectively.
- Demonstrated capability to lead teams and manage multiple workstreams with minimal oversight, from analysis to delivery.
- Excellent communication and interpersonal skills, capable of engaging diverse stakeholders and advocating for strategic initiatives.
- Effective organizational skills with a focus on delivering exceptional results while meeting deadlines in a fast-paced environment.
Nice To Haves
- Advanced degrees or professional certifications (e.g., FSA, MAAA) are preferred.
- Associate of the Society of Actuaries (ASA) or Fellow of the Society of Actuaries (FSA) credential preferred.
- Knowledge in financial modeling systems or open-source scripting languages, such as Moody’s AXIS, FIS Insurance Risk Suite (formerly Prophet), R, and Python is valuable.
Responsibilities
- Lead complex annuity-focused analyses covering a range of topics such as product development, rate setting, assumption benchmarking, hedging, and valuation.
- Own ongoing communication with clients, ensuring their highest satisfaction.
- Ensure technical accuracy and integrity in your work and in the work produced by junior staff.
- Produce executive level management reports and confidently present findings to internal senior leaders, clients and executives.
- Build a strong industry network by demonstrating your expertise and highlighting the unique value Oliver Wyman provides.
- Conduct market research to identify trends and opportunities.
- Foster a collaborative, performance-driven environment that encourages team members to challenge the status quo.
- Promote active knowledge sharing within the team to support continuous learning and improvement.
- Support the professional growth of junior staff by expanding their annuity expertise and enhancing their consulting capabilities.
Benefits
- The applicable base salary range for this role is $100k to $195k.
- In addition to the base salary, this position is eligible for meaningful performance-based incentives.
- 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.
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What This Job Offers
Job Type
Full-time
Career Level
Manager
