Oliver Wyman - Associate​/Engagement Manager - Insurance & Asset Management

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 6,000 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

Practice Group:
Financial Services

Practice:
Insurance

Location:

New York

Role:
Associate, Engagement Manager

The Insurance and Asset Management Practice provides leading Life Insurers, Property & Casualty Insurers, and Asset Managers with strategic insights to succeed in a rapidly evolving competitive, regulatory, and capital markets environment. Our work spans a range of topics, including strategy development, financial effectiveness, product design and management, operational excellence, underwriting and pricing, and distribution. Recent examples of our impact include:

• 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
• Building a generative‑AI powered contract review tool reviewing the insurance sections of contracts

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.

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 in the Associate or Engagement Manager role, your initial responsibilities will include:

• Managing the execution of individual project work streams or projects, including project/workstream planning and coordination; 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 presentations; reviewing and discussing with clients and other stakeholders; leading client readouts of written presentations or deliverables.
• Supporting our Partner group in project delivery through accurate and high‑quality execution.

Managing and developing junior consultants on individual project work streams or projects, typically including task allocation tailored appropriately by skill sets; output/deliverable review and iteration; constructive feedback sessions; and mentoring/development in consulting skillset and/or insurance industry content or related topics.

• 4–7 years of relevant experience, ideally with a top‑tier strategy consulting firm (or other similar organizations with project‑based, team‑oriented environments).
• Experience with insurance‑related topics such as organizational design, strategic planning, product design, distribution, underwriting, policy or claims administration, claims, risk and capital management, pensions, or reinsurance.
• Track record of leading and managing teams, and 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.
• Undergraduate or advanced degree from a top academic program.
• Willingness to travel.

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