Oliver Wyman Actuarial - Life/Annuities Manager

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 Life 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.

Job Description

Seeking an experienced Actuarial Modeling Manager with deep experience in capital modeling, valuation (economic balance sheet / EBS), SBA/BM A scenario-based reserving, LDTI model validation, pricing, and regulatory reporting. The successful candidate will develop, test, validate, and document actuarial models, produce monthly valuation outputs, lead assumption-setting analysis, and coordinate stakeholders across product, finance, and regulatory teams.

Key Responsibilities

• Own ongoing communication with clients, ensuring their highest satisfaction.
• Ensure technical accuracy and integrity in your work and in the work produced by junior staff.
• Produce executive level management reports and confidently present findings to internal senior leaders, clients and executives.
• Build a strong industry network by demonstrating your expertise and highlighting the unique value Oliver Wyman provides.
• Conduct market research to identify trends and opportunities.
• Foster a collaborative, performance-driven environment that encourages team members to challenge the status quo.
• Promote active knowledge sharing within the team to support continuous learning and improvement.
• Expand, build and maintain Actuarial models in various software including, but not limited to (ALFA, GGY Axis, Moses, Prophet,) (ALM / SBA / reserve models).
• Coordinate information gathering and communications for regulatory templates (e.g., BSCR, BMA templates) and Appointed Actuary memoranda.
• Providing technical and subject matter expertise on Bermuda regulations (BSCR/SBA/amendments), reinsurance structuring and capital solutions, industry trends, emerging changes, and other general actuarial topics
• Support clients on business-as usual activities including recurring financial and actuarial analysis, management reporting, process execution, and coordinate across stakeholders to maintain effective ongoing operations.
• Work in partnership with our management consulting and actuarial practices

Qualifications And Desired Skills

• Bachelor’s degree in Actuarial Science, Finance, or a related field. Advanced degrees or professional certifications (e.g., FSA, MAAA) are preferred.
• A minimum of 5 years of relevant experience with Life and/or annuity products, preferably with hands-on involvement in pricing, product development, and/or inforce management.
• Associate of the Society of Actuaries (ASA) or Fellow of the Society of Actuaries (FSA) credential preferred.
• Strong analytical and strategic thinking skills, with an ability to navigate complex problems effectively.
• Demonstrated capability to lead teams and manage multiple workstreams with minimal oversight, from analysis to delivery.
• Excellent communication and interpersonal skills, capable of engaging diverse stakeholders and advocating for strategic initiatives.
• Effective organizational skills with a focus on delivering exceptional results while meeting deadlines in a fast-paced environment.
• Knowledge in financial modeling systems or open-source scripting languages, such as Moody’s AXIS, FIS Insurance Risk Suite (formerly Prophet), R, and Python is valuable.

Why Work for Us

The Actuarial Practice of Oliver Wyman seeks to invest in its people by fostering a safe and inclusive environment, respecting and welcoming different perspectives, promoting an ownership culture, providing opportunities for individuals to develop their personal brand, and celebrating successes and rewarding performance. There are employee groups for: the LGBT+ community, racially and ethnically diverse employees, women, family life, introverts and veterans of military service at Oliver Wyman.

The applicable base salary range for this role is $100k to $195k.

The base pay offered will be determined on factors such as experience, skills, training, location, certifications, educations, and any applicable minimum wage requirements. Decisions will be determined on a case-by-case basis. In addition to the base salary, this position is eligible for meaningful performance-based incentives.

Oliver Wyman offers a performance-based pay program that rewards colleagues for the contributions they make to our business results, including year-end bonuses based on personal and corporate performance. We also offer an impressive array of benefits.

Oliver Wyman, a business of Marsh McLennan (NYSE: MMC), is a management consulting firm combining deep industry knowledge with specialized expertise to help clients optimize their business, improve operations and accelerate performance. Marsh McLennan is a global leader in risk, strategy and people, advising clients in 130 countries across four businesses: Marsh, Guy Carpenter, Mercer and Oliver Wyman. With annual revenue of $24 billion and more than 90,000 colleagues, Marsh McLennan helps build the confidence to thrive through the power of perspective. For more information, visit oliverwyman.com, or follow on LinkedIn and X.

The Actuarial Practice of Oliver Wyman advises clients across a broad spectrum of risk management issues. We are a rapidly growing group with offices expanding 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.

Marsh McLennan 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, veteran status (including protected veterans), or any other characteristic protected by applicable law. If you have a need that requires accommodation, please let us know by contacting [email protected].

Marsh McLennan 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 McLennan 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.

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