Oliver Wyman Actuarial and Strategy Consultant - Integrated Consulting Group

Who We Are?

Oliver Wyman is a global leader in management consulting. With offices in 60 cities across 29 countries, Oliver Wyman combines deep industry knowledge with specialized expertise in strategy, operations, risk management, and organization transformation. The firm has more than 5,000 professionals around the world who work with clients to optimize their business, improve their operations and risk profile, and accelerate their organizational performance to seize the most attractive opportunities.

Oliver Wyman is a wholly owned subsidiary of Marsh & McLennan Companies (NYSE: MMC). For more information, visit

Team:
Integrated Consulting Group

Location:

New York, Chicago

Role:
Consultant

The Integrated Consulting Group (ICG) is a partnership between Oliver Wyman's Actuarial and Management Consulting teams. Members work on a wide variety of projects for insurers and asset managers, combining technical actuarial skills with a strategic mindset to create transformative moments for our clients. We provide leading analytical thinking and strategic insight to succeed in a rapidly evolving competitive, regulatory, and capital markets environment.

Our work spans a range of topics, including underwriting and pricing, strategy development, M&A, financial effectiveness, product design and management, operational excellence, and distribution.

• Developing a target operating model for the finance and actuarial functions of a life insurer to empower them with enhanced data and the technology they need to design products, perform pricing updates, and calculate reserves.
• Establishing a greenfield insurer from strategy formulation, technology selection across the value chain, project planning through to implementation.
• Designing a multi‑year corporate strategy for an independent broker dealer that included product development, distribution and operations, and technology components.

Our consulting roles offer excellent career and growth opportunities for talented, highly motivated professionals with relevant prior experience. As a professional member of our firm, your initial responsibilities will include:

• Execution of individual project work streams, which typically includes developing hypotheses; managing data collection, model creation and analyses; conducting primary and secondary research; creatively tackling information limitations; and surfacing insights.
• Synthesizing findings into written and visual presentations; reviewing and discussing with clients and other stakeholders.
• Supporting our partner group in project delivery through accurate and high‑quality execution.

We are seeking high‑caliber individuals who want to join our winning team. While specific responsibilities will vary based on previous experience, the ideal candidate will have the following:

• Graduate of the class of 2026 or candidates with 1–2 years of experience.
• Currently pursuing or have completed a Bachelor’s degree in actuarial science, statistics, mathematics, or other STEM field.
• Have successfully passed at least one actuarial exam.
• Willingness to get into the inner workings of insurance products.
• Track record of delivering against tight deadlines in fast‑paced, demanding environments.
• Strong background in strategic problem solving with demonstrable analytical skills.
• Outstanding written and verbal communication skills.
• Willingness to travel.

Experience what it's really like to work at ICG by trying our Forage job simulation. This interactive simulation offers an exciting glimpse into a typical day in the role, showcasing the rewarding challenges and opportunities you'll encounter. Dive in and see firsthand how you could make an impact with us here:
Oliver Wyman | Integrated Consulting Group | Forage.

• Come aboard if you are excited by challenges and want to work across different cultures.
• We want you to step out of your comfort zone and embrace your curiosity.
• Our consultants learn on the job and receive formal training to develop their communication, presentation, analytical, and client management skills.
• You'll find genuine…