Oliver Wyman Actuarial – Annuities Manager – Life

Marsh McLennan•Boston, MA

12d•Hybrid

About The Position

Oliver Wyman Actuarial – Annuities Manager – Life Company Overview The Actuarial Consulting Practice of Oliver Wyman advises clients across a broad spectrum of risk management issues. We are a rapidly growing practice with offices across the globe. Our actuaries hold the highest professional qualifications and are nationally recognized as experts in their field(s). We use mathematical and statistical modeling skills and our qualitative assessment methodologies to assist clients in evaluating and addressing risk. Our solutions help clients manage and prepare for the potential financial consequences of uncertain future events. We bring a combination of broad-based expertise with specialized knowledge of specific risks, allowing us to provide independent, objective advice in the three primary areas of risk: healthcare, life and annuity, and property and casualty. 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. Job Description 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.

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.
Associate of the Society of Actuaries (ASA) or Fellow of the Society of Actuaries (FSA) credential preferred.
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.
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 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.
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.
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.
Explore all the benefits offered at .
Marsh McLennan is committed to embracing a diverse, inclusive and flexible work environment. We aim to attract and retain the best people and embrace diversity of age background, disability, ethnic origin, family duties, gender orientation or expression, marital status, nationality, parental status, personal or social status, political affiliation, race, religion and beliefs, sex/gender, sexual orientation or expression, skin color, veteran status (including protected veterans), or any other characteristic protected by applicable law.
Marsh McLennan is committed to hybrid work, which includes the flexibility of working remotely and the collaboration, connections and professional development benefits of working together in the office.
All Marsh McLennan colleagues are expected to be in their local office or working onsite with clients at least three days per week.
Office-based teams will identify at least one “anchor day” per week on which their full team will be together in person.