Oliver Wyman Actuarial, P&C Team - Capital Modellers

Company:

Oliver Wyman

Office:
London (hybrid)

At Oliver Wyman Actuarial,we’repassionate about shaping the future of the P&C insurance industry with bold ideas and innovative solutions. Join a global team ofactuarialexperts where your skills will be valued, your career ambitions supported, and your impact felt across markets worldwide. Together,we’lltackle complex business and actuarialchallenges, drive transformation, and create lasting value for our clients and communities.

Our capital work pipeline is booming withsome of the most exciting projects in the P&C market!

We are looking for talented professionals tobring theirexpertiseand help shapethe future with us.
Come andjoin us.

Who we are

Oliver Wyman is a global leader in management consulting. With offices in more than 70 cities across 30 countries, Oliver Wyman combines deep industry knowledge with specialisedexpertisein strategy, operations, risk management, and organisation transformation.

The Actuarial Practice of Oliver Wyman provides customised 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.

Oliver Wyman’s Actuarial department is rapidly expanding in the UK and is seeking P&C Actuaries (partially or fully qualified) to join our growing UK team. This is a rare opportunity to be part of abespokeUK consultancy with big ambitions, and the chance to help build the local business while working within a hugely successful global P&C practice.

This position will require the candidate to work closely with our actuarial teams across Europe and potentially other regions, to independently analyse complex problems and develop innovative solutions for our clients. Our Data & Analytics experts are at the forefront of developing advanced predictive modelling and technological solutions and are working closely with our actuarial teams to deliver innovative solutions in the areas of claims,analytics and data visualisation for insurers.

What you will do

You will work alongside, and learn from, Oliver Wyman Actuarialindustry leaders and other experienced consultants while contributing to a broad range of client projects. You will gain industry exposure with Oliver Wyman’s clients, which include top tier insurance companies, reinsurance companies, investment banks, law firms, regulators, private equity firms and many more. You will also have the chance to take the initiative and lead on new andemergingideas,leveraging the wider Oliver Wyman and Marsh organisations.

Potential projects may include:

• Widevariety of capital-relatedwork, ranging from internal modeldesign,implementation,validation and documentation.
  
  Supportonimportantregulatorycapitalprojectsincluding Internal Model Approval Process (IMAP) applicationsandmajor model changes, as well as bespoke, specialistsupport for small and large entitiesacrossmany geographical regions and regulatoryregimes. Includes Lloyd’s, UK& Europeaninsurancecarriersandother growing insurance marketsglobally.

• Capital and financial reporting,leveraging the tools available and developed by Oliver Wyman globally.

• Opportunity to get involved in wider actuarial consultingsupport working with Oliver Wyman Actuarial in the UK and overseas, plus our colleagues inthe wider
  
  Marshgroup
  
  Types of workcouldinclude:

• Independent reserve reviews, plusAIprocess transformation and automation initiatives,methodologyreviewsand customisable reserve implementations

• Development and maintenance of intellectual capital, including involvement with the latest data science techniques and cutting-edgemethodologies from quantitative finance

• M&A due diligence work, including management support and strategy, model build, and development of projected UK statutory distributable earnings and future new business value

• Risk management and support, including validation, risk appetitereviewsand oversight, as well as emerging practice on climate risk

• Actuarial model conversions and optimisation (Reserving, Pricing, Capital)

• Client and industry presentations, surveys,…