Actuarial Consultant

Actuarial ConsultantLocation(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: Support client engagements by applying actuarial knowledge, analytical skills, and structured problem-solving to complex insurance challenges. Contribute to initiatives such as actuarial modernization, process automation, AI-enabled actuarial workflows, model transformation, data modernization, and operating model improvement.Analyze and Interpret Complex Data: Conduct detailed analyses across large and complex datasets, identifying trends, validating results, and developing insights that support actuarial, operational, and strategic decision-making.Execute Actuarial Analyses: Apply established actuarial methodologies, assumptions, and models to produce accurate, well-supported analyses. Develop technical expertise while exercising judgment in identifying issues, investigating results, and recommending potential solutions.Support Client Engagement: Work directly with client and internal stakeholders to gather requirements, understand business challenges, and communicate analytical findings clearly. Help translate complex actuarial concepts and results into practical, accessible insights.Collaborate Across Actuarial and Technology Teams: Work alongside actuaries, engineers, data scientists, and other specialists to translate actuarial requirements into technical specifications, test solutions, validate outputs, and support successful implementation.Ensure Quality and Accuracy: Perform rigorous validation of data, assumptions, calculations, models, and outputs, identifying and resolving issues and ensuring work aligns with professional standards, regulatory requirements, and internal best practices.Contribute to Actuarial Innovation: Help develop and enhance tools, methodologies, automation, and AI-enabled solutions that modernize actuarial work, improve efficiency, and create greater value for clients.Contribute to High-Performing Teams: Take ownership of assigned deliverables, manage priorities and deadlines effectively, collaborate across project teams, and actively build the technical, consulting, and industry knowledge needed to take on increasing responsibility.Qualifications:Education: BA/BS degree in Actuarial Science, Mathematics, Statistics, Economics, Finance, or a related field.Experience: 1+ years of actuarial experience. Commitment to pursuing CAS actuarial credentials with a minimum of 3 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 is a plus)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 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.Marsh and its Affiliates are EOE Minority/Female/Disability/Vet/Sexual Orientation/Gender Identity employers.The applicable base salary range for this role is $85,000 - $130,000. 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.