Actuarial Manager​/Senior Manager - Domain Specialist

Company Overview

Oliver Wyman’s Actuarial Consulting Practice advises clients across a broad spectrum of risk management issues. The practice is rapidly growing with offices worldwide. Our actuaries hold the highest professional qualifications and are recognized as experts in their fields. Using mathematical and statistical modeling, we support clients in evaluating and addressing risk. We specialize in healthcare, life and annuity, and property and casualty risk.

We are hiring an Actuarial Manager/Senior Manager – Domain Specialist with deep expertise in pricing, reserving, or capital modelling. The role centres on technical judgement: validating models and assumptions, challenging outputs, and providing clear actuarial recommendations to senior stakeholders. The position is full‑time, hybrid/remote, with a preference for candidates based in the US or Canada.

• Provide technical leadership in your area of expertise as you support our practice’s business development and sales initiatives as well as client engagements.
• Validate, challenge and sign‑off model outputs and assumptions (deterministic and stochastic), ensuring appropriate documentation and audit trails for committee and regulatory review.
• Perform and oversee complex actuarial analyses that meet actuarial standards of practice and prepare thorough actuarial documentation to support your work.
• Lead internal client projects, and review changes made by project teams to ensure our deliverables address business objectives.
• Communicate our actuarial findings and recommendations to key stakeholders, such as finance, risk and senior management.
• Work closely with our actuarial developers: translate actuarial judgement into precise model requirements, review developer changes, and verify implementations through independent testing and reconciliation.
• Prepare clear, executive‑level reports and present findings to senior stakeholders (Reserve Committees, CFO/Chief Actuary level), and mentor junior actuarial staff.

Required

• Fellowship in a recognized actuarial body (e.g., FCAS/FIA) or equivalent senior actuarial qualification.
• Substantial hands‑on experience in reserving, pricing and/or capital/regulatory modelling within P/C insurance or reinsurance (multiple years’ operating independently on core actuarial processes).
• Strong technical skills with actuarial tools and languages (experience with Python, VBA, SQL, or R is advantageous).
• Demonstrated experience preparing actuarial reports or papers and interacting with senior stakeholders and auditors.
• Proven ability to challenge model development teams constructively and to translate actuarial judgement into testable, auditable requirements.

Preferred

• Track record of running innovation or efficiency projects that improved actuarial processes or model robustness.
• Proven mentoring/training experience for junior actuaries and cross‑departmental collaboration.

The applicable base salary range is $125k - $200k. Base pay will be determined based on experience, skills, certifications, and location. In addition to base salary this position may be eligible for performance‑based incentives. We offer a competitive total rewards package that includes health and welfare benefits, tuition assistance, 401(k) savings and other retirement programs, and employee assistance programs.

We foster a safe and inclusive environment that respects and welcomes diverse perspectives, promotes an ownership culture, and celebrates successes. We support personal brand development and reward performance. We have employee groups for various communities and offer a performance‑based pay program with year‑end bonuses linked to personal and corporate results.

Marsh McLennan is committed to embracing a diverse, inclusive, and flexible work environment. We aim to attract and retain the best people regardless of characteristics protected by applicable law. If you need accommodation, contact rea