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Oliver Wyman Actuarial - M&A Consulting Actuary - US Life

Oliver Wyman Group
Chicago, IL Full Time
POSTED ON 1/31/2025
AVAILABLE BEFORE 4/30/2025

Oliver Wyman Actuarial - M&A Consulting Actuary - US Life

Remote type : Hybrid

Locations : Flexible (preference for New York, Chicago, Boston)

Time type : Full time

Company Overview

The Actuarial Consulting Practice of Oliver Wyman advises clients across a broad spectrum of risk management issues. We are a rapidly growing practice with offices across the globe. Our actuaries hold the highest professional qualifications and are nationally recognized as experts in their field(s). We use mathematical and statistical modeling skills and our qualitative assessment methodologies to assist clients in evaluating and addressing risk. Our solutions help clients manage and prepare for the potential financial consequences of uncertain future events. We bring a combination of broad-based expertise with specialized knowledge of specific risks, allowing us to provide independent, objective advice in the three primary areas of risk : healthcare, life and annuity, and property and casualty.

Oliver Wyman provides customized actuarial services and strategic insight, supporting clients as they strive to exceed their business objectives. Our exceptional client and employee retention exemplify our commitment to relationships built on trust, responsiveness and clear communication. The US Life Actuarial Practice of Oliver Wyman works with organizations to manage their insurance risks using advanced actuarial and modeling techniques and has employees across over a dozen offices globally.

Job Description

Oliver Wyman is seeking an ambitious actuary to join the US Life Practice. We are looking for a Consulting Actuary to join the mergers and acquisitions ("M&A") practice. The new M&A Consulting Actuary is expected to contribute to a broad range of due diligence and analytical efforts, including support across reinsurance and acquisition processes, both in the US and globally. The new M&A Consulting Actuary will join our talented consultants in the US and play a key role in the management, execution, and delivery of projects for Oliver Wyman's clients, which include top tier insurance and reinsurance companies, alternative asset managers, private equity firms, investment banks, law firms, and regulators.

Potential projects and responsibilities may include :

  • Develop financial models for mergers, acquisitions, internal and external reinsurance, and other capital markets transactions with minimal oversight
  • Manage actuarial due diligence, including review of actuarial appraisals, product features, experience studies / assumptions, and asset portfolio; breakdown of complex datasets into simple narratives and recommendations
  • Develop executive level management reports, including development of data visualizations
  • Present findings to senior management and C-suite executives
  • Develop network of contacts throughout the industry via participation in deals, industry conferences, and other events
  • Participate in client sales meetings and proposal development
  • Work in partnership with our management consulting and actuarial practices in the US and globally

Skills and Attributes

  • 3 years of professional experience in financial consulting or insurance - FSA preferred
  • Broad exposure to life insurance, annuity and / or long-term care knowledge and industry recognition in areas such as product development, valuation, financial reporting, and risk management with subject matter expertise in at least one area
  • Ability to lead and manage projects, including effective delegation and client solution development
  • Exposure to various accounting regimes (e.g. US NAIC, Bermuda EBS, US GAAP, IFRS, Solvency II)
  • Proficiency in financial modeling systems or open-source scripting languages, such as Axis, Prophet, R, or Python
  • Ability to deliver against tight deadlines in fast-paced, demanding environments
  • Detailed oriented with the ability to work on multiple projects concurrently
  • Evidence of intellectual curiosity and ability to think strategically and creatively
  • Self-motivated, an entrepreneurial attitude, and not afraid of long hours
  • Strong communication skills
  • Prior M&A experience is preferred but not required
  • Why Work for Us

    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 .

    For more information, please visit our website at www.oliverwyman.com / actuaries or contact Nate Jones at Nate.Jones@OliverWyman.com

    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 7,000 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 McLennan [NYSE : MMC]. For more information, visit www.oliverwyman.com . Follow Oliver Wyman on X @OliverWyman.

    Marsh McLennan is committed to embracing a diverse, inclusive and flexible work environment. We aim to attract and retain the best people regardless of their sex / gender, marital or parental status, ethnic origin, nationality, age, background, disability, sexual orientation, gender identity or any other characteristic protected by applicable law. If you have a need that requires accommodation, please let us know by contacting TANA@mmc.com .

    Requisition # : R_293875

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