Oliver Wyman Actuarial - Consultant and Analyst

Actuarial & Strategy Consultant – Integrated Consulting Group (ICG)

Locations:
Chicago, New York.

Overview: 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.

Overview:
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.

Overview:
Advises health plans, providers, and regulators on pricing, risk management, and value‑based care using actuarial analysis and advanced analytics.

• Build and analyze actuarial models to support pricing and financial decisions
• Work with healthcare datasets (e.g., claims) to identify trends and insights
• Translate technical analyses into clear, client‑ready deliverables
• Collaborate with teams to ensure high‑quality, timely execution

• Medicare Advantage bid development and commercial pricing
• Medical and pharmacy claims analysis and benchmarking
• Market and regulatory impact assessments
• Provider contract and value‑based care analysis

• 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 health or actuarial work (not required)

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