Marsh
Oliver Wyman Actuarial – Life/Annuities Senior Manager
Oliver Wyman Actuarial - M&A Consulting Actuary - US Life
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 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.
Responsibilities
Develop financial models for mergers, acquisitions, internal and external reinsurance, and other capital markets transactions with minimal oversight
Manage actuarial due diligence, including review of actuarial appraisals, product features, experience studies/assumptions, and asset portfolio; breakdown of 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
Act as a trusted resource for both clients and junior staff for product- and technical-related actuarial questions
Requirements
5+ years of professional experience in financial consulting or insurance - FSA preferred
Prior life insurance M&A and pricing experience is required
Demonstrated experience in actuarial pricing model development, profitability projections, and data flow management
Strong background in risk management, sensitivity analysis, and regulatory compliance testing
Proven experience in product development lifecycle and inforce policy management
Familiarity with profitability measure calculations and develop sensitivity analyses for a broad range of life insurance and annuity products
Broad exposure to life insurance, annuity and/or long-term care knowledge and industry recognition in areas such as product development, valuation, financial reporting, and risk management with subject matter expertise in at least one area
Ability to lead and manage projects, including effective delegation and client solution development
Exposure to various accounting regimes (e.g. US NAIC, Bermuda EBS, US GAAP, IFRS, Solvency II)
Proficiency in financial modeling, pricing, valuation with a focus on base case profitability and stress analysis
Ability to deliver against tight deadlines, in fast-paced, demanding environments
Detailed 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
Seniority level Not Applicable
Employment type Full-time
Job function Finance and Sales
Industries Insurance and Business Consulting and Services
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 reasonableaccommodations@mmc.com.
Location: New York, NY
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Oliver Wyman Actuarial - M&A Consulting Actuary - US Life
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 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.
Responsibilities
Develop financial models for mergers, acquisitions, internal and external reinsurance, and other capital markets transactions with minimal oversight
Manage actuarial due diligence, including review of actuarial appraisals, product features, experience studies/assumptions, and asset portfolio; breakdown of 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
Act as a trusted resource for both clients and junior staff for product- and technical-related actuarial questions
Requirements
5+ years of professional experience in financial consulting or insurance - FSA preferred
Prior life insurance M&A and pricing experience is required
Demonstrated experience in actuarial pricing model development, profitability projections, and data flow management
Strong background in risk management, sensitivity analysis, and regulatory compliance testing
Proven experience in product development lifecycle and inforce policy management
Familiarity with profitability measure calculations and develop sensitivity analyses for a broad range of life insurance and annuity products
Broad exposure to life insurance, annuity and/or long-term care knowledge and industry recognition in areas such as product development, valuation, financial reporting, and risk management with subject matter expertise in at least one area
Ability to lead and manage projects, including effective delegation and client solution development
Exposure to various accounting regimes (e.g. US NAIC, Bermuda EBS, US GAAP, IFRS, Solvency II)
Proficiency in financial modeling, pricing, valuation with a focus on base case profitability and stress analysis
Ability to deliver against tight deadlines, in fast-paced, demanding environments
Detailed 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
Seniority level Not Applicable
Employment type Full-time
Job function Finance and Sales
Industries Insurance and Business Consulting and Services
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 reasonableaccommodations@mmc.com.
Location: New York, NY
#J-18808-Ljbffr