Actuary - Property Insurance

Principal– Property & Casualty Actuarial Consulting

The Property and Casualty Consulting Practice assists 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.

Oliver Wyman’s Property & Casualty Actuarial Practice is seeking a high‑performing Senior Manager/Principal to lead complex client engagements, drive business growth, and help shape the future of actuarial consulting through innovation and AI‑enabled solutions. This role combines deep actuarial expertise with strategic leadership, client relationship management, and business development responsibility. In addition to delivering traditional actuarial services such as reserving, pricing, and capital modeling, this leader will help modernize delivery approaches by leveraging analytics, automation, and emerging AI technologies to create more scalable, data‑driven client solutions.

Lead large, complex actuarial engagements for insurers, reinsurers, captives, self‑insured entities, and corporate clients.

Serve as the client lead, overseeing project execution, delivery quality, timelines, and client satisfaction.

Provide strategic guidance and technical oversight across engagements, including loss reserving, pricing and ratemaking, predictive modeling, economic capital modeling, risk analytics, warranty and loyalty programs, and translating complex actuarial analyses into actionable business insights and executive‑level recommendations.

Ensure technical accuracy, data integrity, and compliance with quality standards.

Business Development & Growth

Drive revenue growth by identifying expansion opportunities within existing accounts and developing new client relationships.

Help shape and execute regional and practice‑level growth strategies.

Champion the use of AI, analytics, automation, and emerging technologies to enhance actuarial modeling, reporting, and operational efficiency.

Partner with engineering, analytics, and modernization teams to translate actuarial business needs into scalable technical solutions.

Identify opportunities to modernize client delivery models and improve the efficiency and quality of actuarial workflows.

Stay informed on industry trends and evolving technologies impacting actuarial consulting and insurance operations.

Lead, coach, and mentor consultants, managers, and analysts across project teams.

Foster a culture of collaboration, accountability, innovation, and inclusion.

Support talent development through coaching, performance feedback, and career mentorship.

Help build future practice leaders by encouraging technical depth, client leadership, and commercial acumen.

BA/BS degree in Actuarial Science, Mathematics, Statistics, Economics, or related field.

7+ years of actuarial consulting or insurance industry experience within Property & Casualty.

Proven business development experience, including generating new opportunities and expanding client relationships.

Strong project management and organizational skills, with the ability to manage multiple priorities in a fast‑paced environment.

Advanced proficiency in Excel and PowerPoint.

Experience leveraging AI technologies, automation tools, or advanced analytics within actuarial or consulting environments.

Knowledge of programming languages such as Python, R, SQL, or similar analytical tools.

Champion of innovation and modernization across actuarial delivery.

Base pay will be determined on factors such as experience, skills, training, location, certifications, and education, and any applicable minimum wage requirements. The position may also be eligible for performance‑based incentives. Additional benefits include health and welfare benefits, tuition assistance, 401(k) savings and other retirement programs, and employee assistance programs.

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

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