Oliver Wyman Actuarial – Life Insurance Principal

Oliver Wyman Actuarial – Life Insurance Principal – Life

Oliver Wyman is seeking a talented Principal to lead life insurance product development and pricing initiatives.

• Remote type:
  Hybrid
• Locations:
  Flexible
• Time type:
  Full time

Oliver Wyman is looking for a Principal with a proven track record in leading life insurance product development and pricing.

• Be one of the firm’s staff with deepest subject matter expertise of life insurance product development and pricing
• Develop new or foster existing client relationships with a focus on clients leading life insurance sales and innovation
• Lead or participate in client business development meetings and develop proposals related to any life insurance related topic
• Review, analyze, and critique financial projections of life insurance products
• Provide thought leadership, including oversight and/or creation of intellectual capital
• Develop and present client and industry presentations, surveys, case studies
• Provide SME support for life insurance mergers & acquisitions and block reinsurance transactions
• Work in partnership with our management consulting and strategy practice regarding life insurance products

• FSA with 12+ years of professional experience
• Robust life insurance product development experience, including developing pricing models, filing new products, managing non‑guaranteed elements, developing innovative features, working with sales and distribution partners, and experience with illustration, filing requirements and regulatory compliance
• Expert‑level understanding of Term, Whole Life, UL(SG), IUL, and VUL product pricing and monitoring is preferred
• Expert‑level understanding of innovation in the sales process to consumers, including accelerated underwriting expertise and MLM programs is preferred
• Expert‑level understanding of illustration systems and requirements (especially for IUL illustrations) a plus
• Knowledge of final expense, preneed, COLI/BOLI and life adjacent products helpful
• Knowledge of financial modeling systems
• Strong project management and project team leadership skills
• Ability to manage and develop staff
• Strong written and oral communication skills
• Strong skills with the Microsoft Office suite

• Leadership role within a growing and dynamic consulting practice
• Stimulation work from providing value added services to clients
• Competitive compensation (base salary and annual bonus)

Applicable base salary range: $185k – $270k. In addition to the base salary, this position may be eligible for performance‑based incentives.

We offer a competitive total rewards package which includes health and welfare benefits, tuition assistance, 401(k) savings and other retirement programs as well as employee assistance programs.

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