P&C Practice - Actuarial Consultant

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

Company Overview 

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,leveragingyour technicalexpertiseand strategic insights to develop,validate, andoperationalizeactuarial models and methodologies. This role offers a chance to work collaboratively withcutting-edgetechnologies, including AI, to deliver impactful solutionsaround more traditional actuarialprojects 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 andvalidateoutcomes.

• Quality Management: Ensure compliance with regulatory standards andinternal bestpractices, rigorously validatingdata,modeloutputsand 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 credentialswith a minimum of 3passedactuarial 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.

• StrongOrganizationalSkills:ability to prioritize,manage multiple tasksand meet project objectives and deadlines.

Preferred

• AI Proficiency: ExperienceutilizingAI technologies for modeling and analytics.

• Programming: Knowledge of programming languages (Python, R, SQLisa plus)

Why Workfor 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.  

For more information, please visit our website at www.oliverwyman.com/actuaries.  

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

The applicable base salary range for this role is$70,000 – $130,000

The base pay offered will be determinedonfactors 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.