Actuarial Manager​/Senior Manager - Domain Specialist

Description

Remote type:
Hybrid/Remote. Locations:
Flexible, but preferably in US/Canada (New York, Chicago, Montreal). 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 worldwide. Our actuaries hold the highest professional qualifications and are recognized as experts in their fields. We use mathematical and statistical modeling skills and qualitative assessment methodologies to assist clients in evaluating and addressing risk.

Our solutions help clients manage and prepare for potential financial consequences of uncertain future events, across healthcare, life & annuity, and property & casualty.

Oliver Wyman’s US P&C Actuarial Consulting Practice is hiring an Actuarial Manager/Senior Manager — Domain Specialist with deep expertise in at least one of these areas: pricing, reserving, or capital modeling. This actuarial role focuses on technical judgment: validating models and assumptions, challenging outputs, and providing clear actuarial recommendations to senior stakeholders. The Actuarial Manager will work closely with consultants and analysts to execute projects, requiring deep hands‑on experience in reserving, capital modelling or pricing.

• Provide technical leadership in your area of expertise while supporting business development and client engagements.
• Validate, challenge, and sign‑off model outputs and assumptions (deterministic and stochastic), ensuring appropriate documentation and audit trails for committee and regulatory review.
• Perform and oversee complex actuarial analyses that meet actuarial standards of practice and prepare thorough documentation to support your work.
• Lead internal client projects and review changes made by project teams to ensure deliverables address business objectives.
• Communicate actuarial findings and recommendations to key stakeholders, such as finance, risk and senior management.
• Work closely with actuarial developers: translate actuarial judgment into precise model requirements, review developer changes, and verify implementations through independent testing and reconciliation.
• Prepare clear executive‑level reports and present findings to senior stakeholders (Reserve Committees, CFO/Chief Actuary level), and mentor junior staff.

• Fellowship in a recognized actuarial body (e.g., FCAS/FIA) or equivalent senior actuarial qualification.
• Substantial hands‑on experience in reserving, pricing and/or capital/regulatory modelling within P&C insurance or reinsurance, operating independently on core actuarial processes.
• Strong technical skills with actuarial tools and languages (Python, VBA, SQL, or R).
• Demonstrated experience preparing actuarial reports or papers and interacting with senior stakeholders and auditors.
• Proven ability to model development teams constructively and translate actuarial judgment into testable, auditable requirements.

• Track record of running innovation or efficiency projects that improved actuarial processes or model robustness.
• Proven mentoring and training experience for junior actuaries and cross‑departmental collaboration.

We offer a performance‑based pay program that rewards contributions to business results, including year‑end bonuses based on personal and corporate performance. Salary is $125k–$200k base plus potential performance‑based incentives. Additional benefits include health and welfare benefits, tuition assistance, a 401(k) savings plan, other retirement programs, and employee assistance programs.

Marsh McLennan is committed to embracing a diverse, inclusive, and flexible work environment. We aim to attract and retain the best people regardless of 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 procurement or human resources.

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