Oliver Wyman P&C Practice Actuarial Manager

Actuarial Consultant

Location(s): New York City and Chicago are the primary preferred locations for this role. We are also open to candidates based in Charlotte, Boston, Toronto, and other Oliver Wyman office locations. Relocation assistance may be available for qualified candidates.

The Property and Casualty Consulting Practice assists (re)insurance companies, self-insured corporations, government entities, and other organizations with all aspects of managing property and casualty insurance exposures. We guide P&C clients on their qualitative assessment and quantification of risk and loss exposures, and offer advice on a range of issues, from external business strategy and internal risk management to economic capital modeling and new product development.

Position Summary

As a consultant in our P&C Actuarial Insurance Practice, you will engage in transformative client projects, leveraging your technical expertise and strategic insights to develop, validate, and operationalize actuarial models, methodologies, and workflows. As part of a globally connected practice, you will collaborate with colleagues and clients across geographies, with opportunities to contribute to and deliver projects on a global basis. This role offers the chance to work with multidisciplinary teams and cutting-edge technologies, including AI, to deliver impactful solutions across a wide range of actuarial disciplines, including pricing, reserving, and capital modeling.

Responsibilities

• Deliver Transformative Actuarial Solutions: Lead discrete workstreams within client engagements, applying actuarial expertise, advanced analytics, and structured problem-solving to address complex insurance challenges. Support initiatives such as actuarial modernization, process automation, AI-enabled actuarial workflows, model transformation, data modernization, and operating model improvement.
• Analyze and Translate Complex Data: Perform sophisticated analyses across large and complex datasets, identifying insights, trends, and opportunities that inform actuarial, operational, and strategic decision-making.
• Apply Actuarial Expertise: Develop, evaluate, and refine actuarial methodologies, assumptions, models, and analyses, bringing sound technical judgment and ensuring outputs are robust, well-governed, and fit for purpose.
• Advise and Engage Clients: Work directly with client stakeholders to understand business needs, communicate complex actuarial concepts clearly, and translate analytical findings into practical recommendations and executive-ready insights.
• Bridge Actuarial and Technology Teams: Partner with actuaries, engineers, data scientists, and other specialists to translate actuarial requirements into scalable technical solutions, validate outputs, and support implementation.
• Drive Quality and Delivery Excellence: Take ownership for the quality and accuracy of assigned deliverables, challenging data, assumptions, methodologies, and model outputs while ensuring alignment with regulatory requirements and professional standards.
• Advance Actuarial Innovation: Contribute to the design and development of new tools, methodologies, automation, AI-enabled solutions, and delivery approaches that modernize actuarial work, improve efficiency and insight, and expand the capabilities of the insurance consulting practice.
• Support Team Development: Collaborate effectively within multidisciplinary teams, provide guidance to junior colleagues, and contribute to a culture of learning, innovation, and high performance.

Qualifications

Required

• Education: BA/BS degree in Actuarial Science, Mathematics, Statistics, Economics, Finance, or a related field.
• Experience: 3+ years of actuarial experience. Commitment to pursuing CAS actuarial credentials with a minimum of 5 passed actuarial exams.
• Communication Skills: Exceptional verbal and written skills to convey complex information effectively to diverse audiences.
• Analytical Mindset: Strong problem-solving capabilities; intellectual curiosity to meet tight deadlines.
• Microsoft Suite: Advanced Excel for data analysis and reporting.
• Strong Organizational Skills: ability to prioritize, manage multiple tasks and meet project objectives and deadlines.
• AI Proficiency: Experience utilizing AI technologies for modeling and analytics.
• Programming: Knowledge of programming languages (Python, R, SQL)

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 more than 6,000 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 (NYSE: MRSH).

Marsh and its Affiliates are EOE Minority/Female/Disability/Vet/Sexual Orientation/Gender Identity employers.

The applicable base salary range for this role is $115,000-$155,000. The base pay offered will be determined on factors such as experience, skills, training, location, certifications, and 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 may be eligible for performance-based incentives.

We are excited to offer a competitive total rewards package which includes health and welfare benefits, tuition assistance, 401K savings and other retirement programs as well as employee assistance programs.