Oliver Wyman Actuarial – Life Insurance Principal – Life
About The Position
Oliver Wyman is seeking a talented Principal with a proven track record leading life insurance product development and pricing initiatives. The ideal candidate will bring expertise in all aspects of the life insurance product development lifecycle, including product development, pricing strategies, regulatory compliance, as well as working with sales, distribution and other critical business development areas. The candidate will play a key role in growing Oliver Wyman’s footprint as a premier life insurance product development consulting services , by sourcing new projects and client relationships as well as delivering excellent work product. Projects and responsibilities include but are not limited to the following:
Requirements
- FSA with 12+ years of professional experience
- Robust life insurance product development experience, including but not limited to: developing pricing models, filing new products, managing non-guaranteed elements, developing innovative features for life insurance products, working with sales and distribution partners, experience with illustration, filing requirements and regulatory compliance
- Expert-level understanding of Term, Whole Life, UL(SG), IUL, and VUL product pricing and monitoring is preferred; Expert-level understanding of innovation in the sales process to consumers, including accelerated underwriting expertise and MLM programs is preferred
- Expert-level understanding of illustration systems and requirements (especially for IUL illustrations) a plus
- Knowledge of final expense, preneed, COLI/BOLI and life adjacent products helpful
- Knowledge of financial modeling systems
- Strong project management and project team leadership skills
- Ability to manage and develop staff
- Strong written and oral communication skills
- Strong skills with the Microsoft Office suite
Nice To Haves
- Expert-level understanding of illustration systems and requirements (especially for IUL illustrations) a plus
- Knowledge of final expense, preneed, COLI/BOLI and life adjacent products helpful
Responsibilities
- Be one of the firm’s staff with deepest subject matter expertise of life insurance product development and pricing
- Develop new or foster existing client relationships with a focus on clients leading life insurance sales and innovation
- Lead or participate in client business development meetings and develop proposals related to any life insurance related topic
- Review, analyze, and critique financial projections of life insurance products
- Provide thought leadership, including oversight and/or creation of intellectual capital
- Develop and present client and industry presentations, surveys, case studies
- Provide SME support for life insurance mergers & acquisitions and block reinsurance transactions
- Work in partnership with our management consulting and strategy practice regarding life insurance products
Benefits
- Leadership role within a growing and dynamic consulting practice
- Stimulating work from providing value added services to clients
- Competitive compensation (base salary and annual bonus)
- health and welfare benefits
- tuition assistance
- 401K savings and other retirement programs as well as employee assistance programs
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What This Job Offers
Job Type
Full-time
Career Level
Principal
Education Level
No Education Listed
Number of Employees
5,001-10,000 employees
