Oliver Wyman Actuarial - M&A Consulting Actuary - US P&C
National African-American Insurance Association (NAAIA), New York, New York, us, 10261
Remote type:
Hybrid/Remote
Locations:
Flexible, but preferably in Northeast US/Canada (e.g., New York, Montreal)
Time type:
Full time
Company Overview 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.
Job Description 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
Skills and Attributes
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 required
Why Work for US 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. Explore all the benefits offered at US Benefits | Marsh McLennan.
The applicable base salary range for this role is USD $100,000 to $195,000. The base pay offered will be determined on factors such as experience, skills, training, location, certifications, education, and any applicable minimum wage requirements. Decisions will be determined on a case‑by‑case basis. In addition to the base salary, this position will be eligible for performance‑based incentives.
For more information, visit www.oliverwyman.com/actuaries or contact Etienne Scarborough at Etienne.Scarborough@OliverWyman.com.
About Oliver Wyman Oliver Wyman is a global leader in management consulting. With offices in more than 70 cities across 30 countries, Oliver Wyman combines deep industry knowledge with specialized expertise in strategy, operations, risk management, and organization transformation. The firm has 7,000 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 business of Marsh McLennan.
Marsh McLennan is committed to embracing a diverse, inclusive and flexible work environment. We aim to attract and retain the best people regardless of their sex/gender, marital or parental status, ethnic origin, nationality, age, background, disability, sexual orientation, gender identity or any other characteristic protected by applicable law. If you have a need that requires accommodation, please let us know by contacting TANA@mmc.com.
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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Hybrid/Remote
Locations:
Flexible, but preferably in Northeast US/Canada (e.g., New York, Montreal)
Time type:
Full time
Company Overview 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.
Job Description 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
Skills and Attributes
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 required
Why Work for US 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. Explore all the benefits offered at US Benefits | Marsh McLennan.
The applicable base salary range for this role is USD $100,000 to $195,000. The base pay offered will be determined on factors such as experience, skills, training, location, certifications, education, and any applicable minimum wage requirements. Decisions will be determined on a case‑by‑case basis. In addition to the base salary, this position will be eligible for performance‑based incentives.
For more information, visit www.oliverwyman.com/actuaries or contact Etienne Scarborough at Etienne.Scarborough@OliverWyman.com.
About Oliver Wyman Oliver Wyman is a global leader in management consulting. With offices in more than 70 cities across 30 countries, Oliver Wyman combines deep industry knowledge with specialized expertise in strategy, operations, risk management, and organization transformation. The firm has 7,000 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 business of Marsh McLennan.
Marsh McLennan is committed to embracing a diverse, inclusive and flexible work environment. We aim to attract and retain the best people regardless of their sex/gender, marital or parental status, ethnic origin, nationality, age, background, disability, sexual orientation, gender identity or any other characteristic protected by applicable law. If you have a need that requires accommodation, please let us know by contacting TANA@mmc.com.
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.
#J-18808-Ljbffr