Oliver Wyman Class of Actuarial and Strategy Consultant– Integrated Consulting Group

Company

Oliver Wyman

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.

Actuarial Practice

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.

Roles

• Integrated Consulting Group (ICG) – Actuarial & Strategy Consultant

Role: Actuarial & Strategy Consultant
Location: Toronto

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 exam passed (CAS or SOA) 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

Base salary range (U.S.): $65,000 – $110,000 CAD
, depending on role, location, exams, and experience.

In addition, we offer:

• Actuarial exam support program (paid study time, exam reimbursement, study materials, first-time pass incentives)
• Performance-based incentives
• Health and wellness benefits
• 401(k) and retirement programs
• Employee assistance programs

All candidates must have valid work authorization to work in Canada permanently.

Marsh is committed to embracing a diverse, inclusive and flexible work environment. We aim to attract and retain the best people and embrace diversity of age background, disability, ethnic origin, family duties, gender orientation or expression, marital status, nationality, parental status, personal or social status, political affiliation, race, religion and beliefs, sex/gender, sexual orientation or expression, skin color, or any other characteristic protected by applicable law.

In accordance with the Accessibility for Ontarians with Disabilities Act, 2005, Marsh will provide a reasonable accommodation to employees and prospective employees to the point of undue hardship upon request and as required in respect of the individual’s particular restrictions and limitations. If you require a specific accommodation because of a disability or medical need, please contact reaso

Marsh is committed to hybrid work, which includes the flexibility of working remotely and the collaboration, connections and professional development benefits of working together in the office. All Marsh colleagues are expected to be in their local office or working onsite with clients at least three days per week. Office-based teams will identify at least one “anchor day” per week on which their full team will be together in person.