P&C Practice - Actuarial Consultant

Actuarial Consultant

Location(s): Ideal: NYC, Philadelphia, Chicago, Charlotte, Atlanta, Houston, Los Angeles; but open to other locations

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 Practice, you will engage in transformative client projects, leveraging your technical expertise and strategic insights to develop, validate, and operationalize actuarial models and methodologies. This role offers a chance to work collaboratively with cutting-edge technologies, including AI, to deliver impactful solutions around more traditional actuarial projects involving pricing, reserving, and capital modeling.

Responsibilities

• Data Analytics: Conduct extensive data analyses, managing large datasets to inform strategic decision-making.
• Technical Guidance: Provide insights into actuarial methodologies, ensuring high-quality outputs and adherence to governance frameworks.
• Stakeholder Collaboration: Engage effectively with clients and senior stakeholders, translating complex findings into actionable recommendations.
• Cross-Disciplinary Collaboration: Opportunities to work with engineering teams to translate actuarial specifications into technical requirements and validate outcomes.
• Quality Management: Ensure compliance with regulatory standards and internal best practices, rigorously validating data, model outputs and assumptions.
• Innovation Contribution: Enhance tools, processes, and methodologies to drive operational excellence within the practice.

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 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.

Preferred

• AI Proficiency: Experience utilizing AI technologies for modeling and analytics.
• Programming: Knowledge of programming languages (Python, R, SQL is a plus).

Why Work for Us The Actuarial Practice of Oliver Wyman seeks to invest in its people by fostering a safe and inclusive environment, respecting and welcoming different perspectives, promoting an ownership culture, providing opportunities for individuals to develop their personal brand, and celebrating successes and rewarding performance. There are employee groups for: the LGBT+ community, racially and ethnically diverse employees, women, family life, introverts and veterans of military service at Oliver Wyman. Oliver Wyman offers a performance-based pay program that rewards colleagues for the contributions they make to our business results, including year-end bonuses based on personal and corporate performance. We also offer an impressive array of benefits. Explore all the benefits offered at US Benefits | Marsh McLennan. The applicable base salary range for this role is $70,000 – $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.

Oliver Wyman is a business of Marsh (NYSE: MRSH), a global leader in risk, reinsurance and capital, people and investments, and management consulting, advising clients in 130 countries. With annual revenue of over $27 billion and more than 95,000 colleagues, Marsh helps build the confidence to thrive through the power of perspective. For more information, visit oliverwyman.com.