OW Capability: Actuarial

Actuarial Careers

Oliver Wyman is a rapidly growing consulting firm committed to building a dynamic environment full of individuals who share a passion for delivering results to clients. The work you will do here has real impact.

We offer challenging work with excellent opportunities for professional and personal advancement that encourages the development of actuarial thought leaders. Our goal is to provide opportunities for our employees to learn and grow during every step of their careers.

OPEN ACTUARIAL POSITIONS

At Oliver Wyman, our success stems directly from the quality of our talented people. We have opportunities for individuals eager to put their talent and knowledge to work in a stimulating environment that rewards excellence. We believe in developing our business by developing our people. We offer a dynamic consulting environment which combines the challenges and diversity of consulting while encouraging growth and advancement.

Review our open positions in the health, life, and property and casualty industries.

To apply to a position in North America, please send your resume and cover letter indicating the position in which you are interested to recruiting.actuaries@oliverwyman.com.

To apply to a position in Paris, France, please send your resume and cover letter to paris.recruiting.actuarial@oliverwyman.com.

Healthcare - Consultant [mulitple locations]

Oliver Wyman is seeking top talent to join our Healthcare consulting practice. We have openings in Atlanta, Chicago, Philadelphia, Milwaukee, and Washington, D.C., and will consider remote working arrangements. At Oliver Wyman, the work you do will have a real impact. We advise some of the largest firms in the industry on their key strategic initiatives. We were responsible for the first two successful 1332 waiver applications under the ACA, and we continue to advise states and senior policymakers. And we work with some of the most innovative entities in the industry.

As a Consultant, you would be expected to contribute to a broad range of assignments including Medicare Advantage (MA), commercial health insurance, and health policy arenas. Your primary duties would be supporting the Senior Consultants and Principals in project execution and delivery.

The work you would do could include the following:

  • Assist with ACA or MA bid preparation
  • Perform risk-adjustment studies
  • Modeling in support of policy studies (e.g., 1332 Waiver applications, changes to the Medicare Part D benefit)
  • Application of predictive analytics to underwriting processes
  • Preparing IBNR estimates and estimates of other actuarial liabilities
  • Work in support of our strategy consulting arm

Business development responsibilities would include the development and maintenance of our intellectual capital, including our consulting tools and datasets. You may be asked to contribute to blogs and whitepapers.

Requirements

  • Two or more years of meaningful actuarial work, and depending on experience, FSA or ASA
  • Subject matter expertise in either MA, or commercial markets would be plus but is not required
  • A track record of rapid learning, high performance, and professional growth
  • Strong oral and written communication skills
  • Ability to work effectively as part of a team, managing both up and down
  • Expertise in the MS Office suite of products, including proficiency in PowerPoint.
  • Knowledge SQL, SAS, Python, or R would be a plus

Why join Oliver Wyman

  • We offer accelerated career growth, and exposure to a broad range of opportunities and challenges
  • The work you do will have an impact. Our work on 1332 Waivers will result in over $1BN in savings to consumers in 2020
  • You will be working with some of the leading experts in the industry
  • Our compensation is competitive (base salary and annual bonus)

Healthcare - Senior Consultant [multiple locations]

Oliver Wyman is seeking top talent to join our Healthcare consulting practice. We have openings in Atlanta, Chicago, Philadelphia, Milwaukee, and Washington, D.C., and will consider remote working arrangements. At Oliver Wyman, the work you do will have a real impact. We advise some of the largest firms in the industry on their key strategic initiatives. We were responsible for the first two successful 1332 waiver applications under the ACA, and we continue to advise states and senior policymakers. And we work with some of the most innovative entities in the industry.

As a Senior Consultant, you would be expected to contribute to a broad range of assignments but will likely specialize in either the Medicare Advantage (MA), commercial health insurance, or health policy arenas over time. You would have significant client interaction and project delivery responsibilities, with support from our Principals and our consulting staff.

The work you would do could include the following:

  • ACA or MA bid preparation
  • Risk-adjustment studies
  • Advising on new market entry or expansions
  • Modeling in support of policy studies (e.g., 1332 Waiver applications, changes to the Medicare Part D benefit)
  • Application of predictive analytics to underwriting processes
  • Preparing IBNR estimates and estimates of other actuarial liabilities
  • Work in support of our strategy consulting arm

Business development responsibilities would include help with the preparation of proposals and in preparing for sales meetings, and the development intellectual capital including blogs and whitepapers.

Requirements

  • FSA with 5+ years of professional expertise, or ASA with 10+ years of experience and subject matter expertise in key areas of client demand (.e.g., MA or ACA bid development)
  • A track record of rapid learning, high performance, and professional growth
  • Strong oral and written communication skills
  • Ability to work effectively as part of a team, managing both up and down
  • Expertise in the MS Office suite of products, including proficiency in PowerPoint.
  • Knowledge SQL, SAS, Python, or R would be a plus

Why join Oliver Wyman

  • We offer accelerated career growth, and exposure to a broad range of opportunities and challenges
  • The work you do will have an impact. Our work on 1332 Waivers will result in over $1BN in savings to consumers in 2020
  • You will be working with some of the leading experts in the industry
  • Our compensation is competitive (base salary and annual bonus)

Healthcare - Principal [multiple locations]

Oliver Wyman is seeking top talent to join our Healthcare consulting practice. We have openings in Atlanta, Chicago, Philadelphia, Milwaukee, and Washington, D.C., and will consider remote working arrangements. At Oliver Wyman, the work you do will have a real impact. We advise some of the largest firms in the industry on their key strategic initiatives. We were responsible for the first two successful 1332 waiver applications under the ACA, and we continue to advise states and senior policymakers. And we work with some of the most innovative entities in the industry.

As a Principal, you will be assuming a leadership role in the Practice, and you will be working with the other Principals and Partners in the Practice to set strategy, lead the expansion of our intellectual capital, and to develop and execute project work from our existing and new clients.

The work you would lead could include the following:

  • ACA or MA bid preparation
  • Perform risk-adjustment studies
  • Modeling in support of policy studies (e.g., 1332 Waiver applications, changes to the Medicare Part D benefit)
  • Application of predictive analytics to underwriting processes
  • Preparing IBNR estimates and estimates of other actuarial liabilities
  • Work in support of our strategy consulting arm

Business development responsibilities would include client management, new client outreach, the development of marketing collateral, and band building including speaking and publishing on a regular basis.

Requirements

  • Seven or more years of meaningful actuarial work, and either an FSA or specialized expertise in high demand from our clients (e.g., predictive analytics, or MA or ACA bid development)
  • The ability to develop into a market-leading subject matter expert
  • A track record of rapid learning, high performance, and professional growth
  • Strong oral and written communication skills
  • Ability to work effectively as part of a team, managing both up and down
  • Expertise in the MS Office suite of products, including proficiency in PowerPoint.

Why join Oliver Wyman

  • We offer accelerated career growth, and exposure to a broad range of opportunities and challenges
  • The work you do will have an impact. Our work on 1332 Waivers will result in over $1BN in savings to consumers in 2020
  • You will be working with some of the leading experts in the industry
  • We have track record of growing some of the most accomplished professionals in the industry
  • Our compensation is competitive (base salary and annual bonus)

Life - Analyst [multiple locations]

Oliver Wyman is seeking top talent to join our fast-growing US Actuarial Life consulting practice and has openings at the analyst level in our Atlanta, Charlotte, Chicago, Hartford, New York, Philadelphia, Seattle, and Toronto offices. The new analyst will report to the office leader and is expected to contribute to a broad range of client projects. The analyst will achieve significant interaction and visibility with Oliver Wyman’s clients, which include top tier insurance companies, reinsurance companies, investment banks, law firms, state regulators, and private equity firms.  

Projects include but are not limited to the following:

  • Creation and analysis of financial projections
  • Insurance mergers & acquisitions
  • Life principles-based reserving (PBR) modeling and implementation support
  • Capital markets transactions support
  • Life and annuity product development and financial reporting
  • Work in support of our management consulting and strategy practice
  • Client and industry presentations, surveys, case studies and marketing support
  • Development and maintenance of intellectual capital

Requirements:

  • Bachelor’s or Master’s degree in Actuarial Science, Mathematics, Statistics, Finance or a related field
  • Passed two or more actuarial exams
  • Actuarial internship experience preferred
  • Strong written and oral communication skills
  • Superior problem solving and learning abilities
  • Ability to work efficiently and effectively in team setting
  • Ability and willingness to work in a fast-paced environment
  • Strong skills with MS Excel, MS Access or other database software, VBA or other programming languages

Advantages:

  • Rapid learning from working with highly skilled consultants and top tier life insurers
  • Challenging work and broad exposure to leading industry practices
  • Significant autonomy, visibility and growth opportunities
  • Competitive study program
  • Competitive compensation (base salary and annual bonus)

Apply:

To apply, please send a resume and cover letter to recruiting.actuaries@oliverwyman.com.

Life - Consultant [multiple locations]

Oliver Wyman is seeking top talent to join our fast-growing US Actuarial Life consulting practice and has openings at the consultant level in our Atlanta, Charlotte, Chicago, Hartford, New York, Philadelphia, Seattle, and Toronto offices. The new consultant will report to the office leader and is expected to contribute to a broad range of client projects. The consultant will achieve significant interaction and visibility with Oliver Wyman’s clients, which include top tier insurance companies, reinsurance companies, investment banks, law firms, state regulators, and private equity firms.  


Projects include but are not limited to the following:

  • Creation and analysis of financial projections
  • Insurance mergers & acquisitions
  • Life principles-based reserving (PBR) modeling and implementation support
  • Capital markets transactions support
  • Life and annuity product development and financial reporting
  • Work in support of our management consulting and strategy practice
  • Client and industry presentations, surveys, case studies and marketing support
  • Development and maintenance of intellectual capital

Requirements:

  • FSA/near FSA with 3-5 years of professional experience
  • Track record of rapid learning, high performance and professional growth
  • Ability to work efficiently and effectively in team setting
  • Deep experience with actuarial modeling (GGY AXIS/Prophet preferred)
  • US life and annuity technical experience and/or regulatory knowledge
  • Strong written and oral communication skills
  • Strong project management and time management skills
  • Ability to work independently and direct analysts and senior analysts
  • Strong skills with MS Excel, MS Access or other database software, VBA or other programming languages

Advantages:

  • Rapid learning from working with highly skilled consultants and top tier life insurers
  • Challenging work and broad exposure to leading industry practices
  • Significant autonomy, visibility and growth opportunities
  • Competitive study program
  • Competitive compensation (base salary and annual bonus)

Apply:

To apply, please send a resume and cover letter to recruiting.actuaries@oliverwyman.com.

Life - Senior Consultant [multiple locations]

Oliver Wyman is seeking top talent to join our fast-growing US Actuarial Life consulting practice and has openings at the senior consultant position in our Atlanta, Charlotte, Chicago, Hartford, New York, Philadelphia, Seattle and Toronto offices. The new senior consultant will report to the office leader and is expected to contribute to a broad range of client projects. The senior consultant will achieve significant interaction and visibility with Oliver Wyman’s clients, which include top tier insurance companies, reinsurance companies, investment banks, law firms, state regulators, and private equity firms.  


Projects include but are not limited to the following: 

  • Creation and analysis of financial projections
  • Insurance mergers & acquisitions
  • Life principles-based reserving (PBR) modeling and implementation support
  • Capital markets transactions support
  • Life and annuity product development and financial reporting
  • Work in support of our management consulting and strategy practice
  • Client and industry presentations, surveys, case studies and marketing support
  • Development and maintenance of intellectual capital

Requirements:

  • FSA with 5+ years of professional experience OR ASA with 10+ years of professional experience and subject matter expertise in a key area of client demand
  • Track record of rapid learning, high performance and professional growth
  • Ability to work efficiently and effectively in team setting
  • Deep experience with actuarial modeling (GGY AXIS/Prophet preferred)
  • Robust life insurance, annuity or long-term care knowledge
  • Strong written and oral communication skills
  • Strong project management and time management skills
  • Ability to work independently and direct analysts and senior analysts
  • Strong skills with MS Excel, MS Access or other database software, VBA or other programming languages

Advantages:

  • Rapid learning from working with highly skilled consultants and top tier life insurers
  • Challenging work and broad exposure to leading industry practices
  • Significant autonomy, visibility and growth opportunities
  • Competitive compensation (base salary and annual bonus)

Apply:

To apply, please send a resume and cover letter to recruiting.actuaries@oliverwyman.com.

Life - Principal [multiple locations]

Oliver Wyman is seeking top talent to join our fast-growing US Actuarial Life consulting practice and has openings at the Principal level in our Atlanta, Charlotte, Chicago, Hartford, New York, Philadelphia, Seattle, and Toronto offices. The new Principal will report to the office leader and is expected to assist in business development and to contribute to a broad range of client projects. The Principal will play a key role in the sourcing and delivery of projects for Oliver Wyman’s clients, which include top tier insurance companies, reinsurance companies, investment banks, law firms, state regulators, and private equity firms.  

Projects and responsibilities include but are not limited to the following:

  • Lead or participate in client sales meetings
  • Proposal development
  • Thought leadership, including oversight and/or creation of intellectual capital
  • Creation and analysis of financial projections
  • Insurance mergers & acquisitions
  • Life principles-based reserving (PBR) modeling and implementation support
  • Capital markets transactions support
  • Life and annuity product development and financial reporting
  • Client and industry presentations, surveys, case studies
  • Work in partnership with our management consulting and strategy practice

Requirements:

  • FSA with 10+ years of professional experience
  • Robust life insurance, annuity or long-term care knowledge and industry recognition in areas such as product development, valuation, financial reporting and risk management
  • Knowledge of financial modeling systems (GGY AXIS/Prophet preferred)
  • Strong project management and project team leadership skills
  • Ability to manage staff
  • Strong written and oral communication skills
  • Strong skills with the Microsoft Office suite

Advantages:

  • 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)

Apply:

To apply, please send a resume and cover letter to recruiting.actuaries@oliverwyman.com.

P&C - Analyst [Atlanta, GA]

Oliver Wyman is seeking top talent to join our Property & Casualty consulting practice and has an opening at the analyst level in our Atlanta office. This position requires the candidate to work closely with our senior consultants to independently analyze complex problems and develop workable solutions for our clients. 

Primary Responsibilities include:

  • Organize and analyze large volumes of data, ensuring integrity and accuracy
  • Identify data observations clearly and succinctly to senior team members
  • Verify technical accuracy of analyses
  • Prepare actuarial models for analyses
  • Utilize R and R Shiny to support a business intelligence application and other tools
  • Provide support for on-going development of new analytic tools
  • Assist in the preparation of proposals
  • Prepare exhibits for marketing/sales presentations
  • Maintain reasonable progress on actuarial exams

Requirements and Qualifications:

  • BA/BS degree in actuarial science, mathematics, statistics, computer science, data analytics, economics, finance, business or related field
  • Highly motivated with a strong work ethic and ability to manage demanding engagements
  • Innovative problem-solving skills and strategic thinking
  • Ability to work with limited direction and seek guidance when appropriate
  • Ability to quickly process and learn new concepts
  • Organized and capable of working on multiple projects
  • Ability to work in a team environment
  • Exceptional interpersonal skills and strong oral and written communication skills
  • Strong attention to detail
  • Strong command of Microsoft Excel
  • Programming experience in R

Experience with Python, Java, SAS, Microsoft Access, Word and PowerPoint as well as @Risk Microsoft Excel add-in is a plus.

Salary will be commensurate with experience and exams. We understand the demands and dedication required to pass actuarial exams.  We provide a competitive study program and a supportive and flexible work environment.

Interested candidates please email cover letter and resume to: recruiting.actuaries@oliverwyman.com

P&C - Analyst [Los Angeles, CA]

Property & Casualty Actuarial Analyst
Los Angeles

Job Description

The Oliver Wyman office in Los Angeles, CA is currently seeking an entry-level actuarial analyst to support our growing property & casualty actuarial consulting practice. This position requires the candidate to work as part of a team of actuaries to independently analyze complex problems and develop workable solutions.  

Primary responsibilities include:

· Assist in actuarial studies including loss projections, accrual/reserve studies, risk retention analyses, and pricing of insurance coverages

· Compilation and verification of data

· Setting up spreadsheets

· Apply complex mathematical theories and principals to create statistical models

· Formulate exhibits and text to present findings in formal written reports

· Prepare marketing/sales/client presentations

· Assist in the preparation of proposals

Requirements/Qualifications

· BA/BS degree in actuarial science, mathematics, statistics, economics, finance, business or related field

· At least 1 actuarial exam

· Commitment to achieving FCAS designation

· Superior analytical and mathematical skills

· Strong statistical modeling and knowledge

· Organized with an ability to prioritize and handle multiple tasks in a demanding work environment

· Excellent interpersonal skills; strong oral and written communications skills.

· Capacity to work in an entrepreneurial manner within a team environment

· Strong command of Microsoft Excel or similar program

Experience with R, SAS, Microsoft Access, Word and PowerPoint as well as @Risk Microsoft Excel add-in is a plus

Salary will be commensurate with experience and exams. We understand the demands and dedication required to pass actuarial exams.  We provide a competitive study program and a supportive and flexible work environment.

Interested candidates please email cover letter and resume to: recruiting.actuaries@oliverwyman.com


Please direct any questions to recruiting.actuaries@oliverwyman.com.

Oliver Wyman is committed to the principles for equal employment opportunity and complies with all relevant federal, state, and local laws.

Oliver Wyman Actuarial locations:

North American and Caribbean offices:

ATLANTA, GA

BOSTON, MA

CHARLOTTE, NC

CHICAGO, IL

COLUMBUS, OH

DALLAS, TX

HARTFORD, CT

HOUSTON, TX

LOS ANGELES, CA

MELVILLE, NY

MILWAUKEE, WI

NASHVILLE, TN

NEW YORK, NY

PHILADELPHIA, PA

PRINCETON, NJ

SEATTLE, WA

SAN FRANCISCO, CA

ST. MICHAEL, BARBADOS

WASHINGTON, D.C.

TORONTO, CANADA

European offices:

DÜSSELDORF, GERMANY

MUNICH, GERMANY

PARIS, FRANCE

ZURICH, SWITZERLAND

To apply to a position in Paris, France, please send your resume and cover letter to paris.recruiting.actuarial@oliverwyman.com.

Actuarial Careers Insights