P&C Practice - Actuarial Consultant

Description

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

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 the 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.

As a consultant in our P&C Actuarial Practice, you will engage in transformative client projects, leveraging your technical expertise and strategic insights to develop, validate, and operationalize actuarial models and methodologies. This role offers a chance to work collaboratively with cutting-edge technologies, including AI, to deliver impactful solutions around more traditional actuarial projects involving pricing, reserving, and capital modeling.

• 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 and validate outcomes.
• Quality Management:
  Ensure compliance with regulatory standards and internal best practices, rigorously validating data, model outputs, and assumptions.
• Innovation Contribution:
  Enhance tools, processes, and methodologies to drive operational excellence within the practice.

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 credentials with a minimum of 3 passed actuarial 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.
• Strong Organizational
  
  Skills:
  
  Ability to prioritize, manage multiple tasks, and meet project objectives and deadlines.

Preferred

• AI Proficiency:
  Experience utilizing AI technologies for modeling and analytics.
• Programming:
  Knowledge of programming languages (Python, R, SQL) and additional languages.

Oliver Wyman offers a performance-based pay program, including year-end bonuses based on personal and corporate performance, and a competitive total rewards package that 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.

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

In addition to the base salary, this position may be eligible for performance-based incentives.