Actuarial – M&A Consulting Actuary – US P&C

Join to apply for the Oliver Wyman Actuarial – M&A Consulting Actuary – US P&C role at Oliver Wyman

Remote type:
Hybrid/Remote

Locations:
Flexible, but preferably in Northeast US/Canada (e.g., New York, Montreal)

Time type:
Full time

The Actuarial Consulting Practice of Oliver Wyman advises clients across a broad spectrum of risk management issues. We are a rapidly growing practice with offices across the globe. Our actuaries hold the highest professional qualifications and are nationally recognized as experts in their field(s). We use mathematical and statistical modeling skills and our qualitative assessment methodologies to assist clients in evaluating and addressing risk.

Our solutions help clients manage and prepare for the potential financial consequences of uncertain future events. We bring a combination of broad-based expertise with specialized knowledge of specific risks, allowing us to provide independent, objective advice in the three primary areas of risk: healthcare, life and annuity, and property and casualty. Oliver Wyman provides customized actuarial services and strategic insight, supporting clients as they strive to exceed their business objectives.

Our exceptional client and employee retention exemplify our commitment to relationships built on trust, responsiveness and clear communication. The US P&C Actuarial Practice of Oliver Wyman works with organizations to manage their insurance risks using advanced actuarial and modeling techniques and has employees across over a dozen offices globally.

Oliver Wyman is seeking an ambitious actuary to join the US P&C Practice. We are looking for a Consulting Actuary to join the mergers and acquisitions (“M&A”) team. The new M&A Consulting Actuary is expected to contribute to a broad range of due diligence and analytical efforts, including support across reinsurance and acquisition processes, both in the US and globally. The new M&A Consulting Actuary will join our talented consultants in the US and play a key role in the management, execution, and delivery of projects for Oliver Wyman’s clients, which include top tier insurance and reinsurance companies, alternative asset managers, private equity firms, investment banks, law firms, and regulators.

• Execute actuarial due diligence projects for M&A and reinsurance transactions, including review of actuarial reports, data and models to assess the adequacy of the target reserve estimates, loss ratio projections, pricing & underwriting practices, etc.
• Quantify downside risk associated with potential transactions using stochastic models
• Conduct exploratory data analysis on exposure/loss data to uncover important business shifts; decompose complex datasets into simple narratives and recommendations
• Develop executive level management reports, including development of data visualizations
• Present findings to senior management and C‑suite executives
• Develop network of contacts throughout the industry via participation in deals, industry conferences, and other events
• Participate in client sales meetings and proposal development
• Work in partnership with our management consulting and actuarial practices in the US and globally

• BA/BS degree in Actuarial Science, Mathematics, Statistics, Economics, Finance or related field
• 3+ years of professional actuarial experience in consulting or insurance
• FCAS credential required
• Broad exposure to P&C insurance in areas such as pricing, reserving, data & analytics, or risk management, with subject matter expertise in at least one area – and preferably across multiple lines of business
• Ability to lead and manage projects, including effective delegation and client solution development
• Proficiency in open‑source programming languages such as Python or R
• Ability to deliver against tight deadlines in fast‑paced, demanding environments
• Detail‑oriented with the ability to work on multiple projects concurrently
• Evidence of intellectual curiosity and ability to think strategically and creatively
• Self‑motivated, an entrepreneurial attitude, and not afraid of long hours
• Strong communication skills
• Prior M&A experience is preferred but not…