Oliver Wyman Actuarial – Principal​/Senior Principal – Property & Casualty

Company:
Oliver Wyman

Office/Regions available :
Flexible, but Chicago or Midwest strongly preferred

Reports to :
Region Leader

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 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 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 is currently seeking an experienced consultant to join the Property & Casualty Actuarial Consulting Practice as a Principal/Senior Principal.

This position will oversee a portfolio of business and play a crucial role in engaging and interacting with Oliver Wyman’s clients, which consist of large self-insured corporations, captive insurance companies, and (re) insurers. Additionally, this position necessitates experience in business development to implement the growth strategy effectively.

Potential projects and responsibilities may include:

• Leads complex client engagements, including managing overall service delivery and strategy for projects associated with calculating risk, determining ideal liability/claims reserve for a range of property and casualty risk exposures, and developing products for monitoring ongoing liability (such as dashboards).
• Drives project management best practices in providing timely direction and guidance to ensure deadlines and service standards are met or exceeded.
• Manages day-to-day client contact/management to resolve project-related questions and challenges and may coach junior staff members in client interactions.
• Develops, reviews, and oversees the delivery of high-quality exhibits and written reports or presentations that summarize findings and their implications, ensuring effective communication of insights and recommendations to clients.
• Evaluate and verify client deliverables, ensuring technical accuracy and integrity across a diverse range of analyses, templates, and exhibits.
• Strengthen client relationships and drive business development activities, including guiding the preparation of proposals and presentations for prospective clients.
• Managing a diverse range of actuarial projects, including loss reserving, pricing/rate making, predictive modeling, and economic capital modeling.
• Drives business development by identifying potential areas of business growth in existing projects, new pursuits, collaborating with colleagues and brokers, responding to…