Oliver Wyman Actuarial - Manager - US Life

Marsh McLennan•Hartford, CT

12d•$100,000 - $195,000•Hybrid

About The Position

Manages small repeat projects or provides guidance and project management to junior project team members in running analyses to identify and calculate capital market and mortality risks and evaluate existing actuarial life and annuity models. Reviews data analyses that are conducted by junior staff members, in order to ensure actuarial soundness, correct use of models or products, and to assist in the development of junior staff members. Performs and reviews moderately complex analyses and cost projections by using or modifying existing life and annuity pricing models in Excel, SAS, AXIS, and other software, with minimal input from senior project team members. Drafts client reports or presentations, with input from senior project team members, to summarize findings and implications, and to recommend a strategy or solution to the client. Assists senior project team members with day-to-day client contact/management to resolve project-related questions and challenges. Participates in development of intellectual capital in order to further develop the company's offerings, as well as knowledge of life insurance actuarial services and products. Assists senior project team members in the development of business by identifying potential areas of business growth in existing projects and by providing assistance during proposal efforts or in responding to requests for information. About Oliver Wyman Oliver Wyman is a global leader in management consulting. With offices in more than 70 cities across 30 countries, Oliver Wyman combines deep industry knowledge with specialized expertise in strategy, operations, risk management, and organization transformation. The firm has 7,000 professionals around the world who work with clients to optimize their business, improve their operations and risk profile, and accelerate their organizational performance to seize the most attractive opportunities. Oliver Wyman is a business of Marsh McLennan [NYSE: MMC]. For more information, visit www.oliverwyman.com . Follow Oliver Wyman on X @OliverWyman. Marsh McLennan is committed to embracing a diverse, inclusive and flexible work environment. We aim to attract and retain the best people regardless of their sex/gender, marital or parental status, ethnic origin, nationality, age, background, disability, sexual orientation, gender identity or any other characteristic protected by applicable law. If you have a need that requires accommodation, please let us know by contacting [email protected] . The applicable base salary range for this role is $100,000 to $195,000. The base pay offered will be determined on factors such as experience, skills, training, location, certifications, education, and any applicable minimum wage requirements. Decisions will be determined on a case-by-case basis. In addition to the base salary, this position will be eligible for performance-based incentives. Oliver Wyman, a business of Marsh McLennan (NYSE: MMC), is a management consulting firm combining deep industry knowledge with specialized expertise to help clients optimize their business, improve operations and accelerate performance. Marsh McLennan is a global leader in risk, strategy and people, advising clients in 130 countries across four businesses: Marsh, Guy Carpenter, Mercer and Oliver Wyman. With annual revenue of $24 billion and more than 90,000 colleagues, Marsh McLennan helps build the confidence to thrive through the power of perspective. For more information, visit oliverwyman.com, or follow on LinkedIn and X. The Actuarial Practice of Oliver Wyman advises clients across a broad spectrum of risk management issues. We are a rapidly growing group with offices expanding 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. 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. If you have a need that requires accommodation, please let us know by contacting [email protected]. 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.

Responsibilities

Manages small repeat projects or provides guidance and project management to junior project team members in running analyses to identify and calculate capital market and mortality risks and evaluate existing actuarial life and annuity models.
Reviews data analyses that are conducted by junior staff members, in order to ensure actuarial soundness, correct use of models or products, and to assist in the development of junior staff members.
Performs and reviews moderately complex analyses and cost projections by using or modifying existing life and annuity pricing models in Excel, SAS, AXIS, and other software, with minimal input from senior project team members.
Drafts client reports or presentations, with input from senior project team members, to summarize findings and implications, and to recommend a strategy or solution to the client.
Assists senior project team members with day-to-day client contact/management to resolve project-related questions and challenges.
Participates in development of intellectual capital in order to further develop the company's offerings, as well as knowledge of life insurance actuarial services and products.
Assists senior project team members in the development of business by identifying potential areas of business growth in existing projects and by providing assistance during proposal efforts or in responding to requests for information.