Actuarial - Consultant and Analyst

Company Overview

Oliver Wyman is a global leader in management consulting with offices in 60 cities across 29 countries. Our Actuarial Practice provides customized actuarial services and strategic insight to insurers, provider systems, regulators, and private equity firms.

Candidates applying for a role will be asked to rank their preferred practice areas:
Integrated Consulting Group (ICG), Life, or Health. Office availability varies by practice.

Role: Actuarial & Strategy Consultant
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 such as presentations, models, and 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 a related STEM or business field
• Class of 2027 and minimum GPA of 3.5
• One actuarial CAS or SOA exam passed (or willingness to take actuarial exams) or interest in pursuing 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 ability to work independently
• Technical skills preferred:
  Excel; familiarity with R, Python, SQL, SAS, or VBA

Role: Actuarial Analyst
Locations: Atlanta, Boston, Charlotte, Chicago, Hartford, New York, Seattle

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 related field
• At least one 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 ability to work independently
• Technical skills preferred:
  Excel; familiarity with R, Python, SQL, SAS, or VBA
• Relevant experience in life insurance or actuarial work is a nice to have

Role: Actuarial Analyst
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 advanced analytics.

• Build and analyze actuarial models to support pricing and financial decisions
• Work with healthcare datasets 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 related field
• At least one…