Actuarial - Class of Consultant and Analyst

Company Overview

Oliver Wyman is a global leader in management consulting, with offices in 60 cities across 29 countries. We combine deep industry knowledge with specialized expertise in strategy, operations, risk management, and organizational transformation. Our 7,000+ professionals help clients optimize performance, improve operations and risk profiles, and capture the most attractive opportunities.

Within Oliver Wyman, the Actuarial Practice provides customized actuarial services and strategic insight to insurers, provider systems, regulators, and private equity firms. We bring together actuarial expertise, advanced analytics, and technology to solve complex problems and enable forward‑looking decisions.

Our team includes 600+ professionals (including 300 credentialed actuaries) across 41 global locations. We work closely with Marsh, Mercer, and Guy Carpenter to support clients on strategy, operations, capital efficiency, and large‑scale transformation.

Rank your preferred practice areas:
Integrated Consulting Group (ICG) – Actuarial & Strategy Consultant, Health – Actuarial Analyst, Life – Actuarial Analyst.

Locations: Chicago, New York

ICG combines actuarial expertise with strategy consulting to help insurers and asset managers modernize finance functions, design products, execute M&A, and improve operations.

• Analyze complex business problems using data, models, and structured thinking
• Conduct research and synthesize insights into clear recommendations
• Develop client‑ready materials (presentations, models, summaries)
• Collaborate with teams to support project delivery

• Designing target operating models for finance and actuarial functions
• Supporting the launch of new or “greenfield” insurance businesses
• Developing corporate strategies across product, distribution, and operations
• Driving large‑scale transformation across actuarial, finance, and technology

• Currently pursuing a degree in Actuarial Science, Mathematics, Statistics, or another STEM or business‑related field
• Class of 2027
• Minimum GPA of 3.5
• At least 1 actuarial CAS or SOA exam passed (or willingness to take actuarial exams) OR interest in pursuing the CFA designation
• Strong interest in both strategy consulting and actuarial applications
• Strong analytical and problem‑solving skills
• Excellent written and verbal communication
• Ability to manage multiple priorities in a fast‑paced environment
• Collaborative mindset with the ability to work independently
• Technical skills (preferred):
  Excel; familiarity with R, Python, SQL, SAS, or VBA

Locations: Atlanta, Boston, Charlotte, Chicago, Hartford, New York, Seattle, Toronto

Focuses on life, annuity, and long‑term care work, including pricing, valuation, and actuarial model transformation.

• Develop and run actuarial models for valuation, pricing, and projections
• Analyze results and perform sensitivity testing to assess key drivers
• Support assumption development through data analysis and research
• Prepare clear analyses and contribute to client deliverables

• Life and annuity product development, pricing, and valuation
• Assumption setting and model methodology review
• M&A due diligence and financial projections
• Model transformation, conversions, and long‑term care analytics

• Pursuing or recently completed a degree in Actuarial Science, Mathematics, Statistics, or a related field
• At least 1 actuarial exam passed (required)
• Strong analytical and quantitative skills
• Excellent written and verbal communication
• Ability to manage multiple priorities in a fast‑paced environment
• Collaborative mindset with the ability to work independently
• Technical skills (preferred):
  Excel; familiarity with R, Python, SQL, SAS, or VBA
• Nice to have:
  Relevant experience in life insurance or actuarial work (not required)

Locations: Atlanta, Chicago, Milwaukee, Philadelphia, New York, San Francisco, Washington, D.C.

Advises health plans, providers, and regulators on pricing, risk management, and value‑based care using actuarial analysis and…