Oliver Wyman Actuarial and Strategy Consultant Integrated Consulting Group
Marsh & McLennan, Chicago, IL, United States
Consultant
Oliver Wyman is a global leader in management consulting. With offices in 60 cities across 29 countries, Oliver Wyman combines deep industry knowledge with specialized expertise in strategy, operations, risk management, and organization transformation. The firm has more than 5,000 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 wholly owned subsidiary of Marsh & McLennan Companies. Team: Integrated Consulting Group Location: New York, Chicago The Integrated Consulting Group (ICG) is a partnership between Oliver Wyman's Actuarial and Management Consulting teams. Members work on a wide variety of projects for Insurers and Asset Managers, combining technical actuarial skills with a strategic mindset to create transformative moments for our clients. We provide leading analytical thinking and strategic insight to succeed in a rapidly evolving competitive, regulatory, and capital markets environment. Our work spans a range of topics, including underwriting and pricing, strategy development, M&A, financial effectiveness, product design and management, operational excellence, and distribution. Recent examples of our impact include: Developing a target operating model for the Finance and Actuarial functions of a life insurer to empower them with enhanced data and the technology they need to design products, perform pricing updates, and calculate reserves Establishing a greenfield insurer from strategy formulation, technology selection across the value chain, project planning through to implementation Designing a multi-year corporate strategy for an Independent Broker Dealer that included product development, distribution and operations and technology components Our consulting roles offer excellent career and growth opportunities for talented, highly motivated professionals with relevant prior experience. As a professional member of our firm, your initial responsibilities will include: Execution of individual project workstreams. This typically includes developing hypotheses; managing data collection, model creation and analyses; conducting primary and secondary research; creatively tackling information limitations; and surfacing insights Synthesizing findings into written and visual presentations; reviewing and discussing with clients and other stakeholders Supporting our Partner group in project delivery through accurate and high-quality execution Desired Skills and Experience Graduate of the class of 2026 or candidates with 1-2 years of experience Currently pursuing or have completed a Bachelor's degree in Actuarial Science, Statistics, Mathematics, or other STEM field Have successfully passed at least 1 actuarial exam Willingness to get into the inner workings of insurance products Track record of delivering against tight deadlines in fast-paced, demanding environments Strong background in strategic problem solving with demonstrable analytical skills Outstanding written and verbal communication skills Willingness to travel Immediate impact, continuous challenge You'll work on challenging projects that have a significant impact on clients, industries, and societies from day one. We'll ask you to be brave, challenging the status quo and constantly striving to build something new to shape our firm and the world around us. You'll be a contributing team member from the start, building trust-based relationships with stakeholders and delivering breakthrough impact. Your learning curve will be steep, with each project offering new opportunities to expand your toolkit and to team with specialists who have deep subject-matter and technical expertise. You'll likely have the chance to travel within your home market and internationally. No two weeks are ever the same. We hire you to be you Our open, inclusive, and down-to-earth culture will enable you to bring your best authentic self to work. You'll work alongside down-to-earth colleagues who do serious work, but don't take themselves too seriously. There's no corporate mold to fit and hierarchy doesn't get in the way. We do not let artificial barriers stand in the way of your personal career progression. Full-Time Compensation: The applicable base pay for this role is 90-100k and is based on the number of Actuarial exams completed. The base pay offered will be determined on factors such as experience, skills, training, location, certifications, and education. Decisions will be determined on a case-by-case basis. In addition to the base salary, this position may be eligible for performance-based incentives. Unrestricted U.S. work authorization is required for U.S. office locations. Oliver Wyman does not offer sponsorship for this position. Please note that CPT and OPT are restricted forms of work authorization.
Oliver Wyman is a global leader in management consulting. With offices in 60 cities across 29 countries, Oliver Wyman combines deep industry knowledge with specialized expertise in strategy, operations, risk management, and organization transformation. The firm has more than 5,000 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 wholly owned subsidiary of Marsh & McLennan Companies. Team: Integrated Consulting Group Location: New York, Chicago The Integrated Consulting Group (ICG) is a partnership between Oliver Wyman's Actuarial and Management Consulting teams. Members work on a wide variety of projects for Insurers and Asset Managers, combining technical actuarial skills with a strategic mindset to create transformative moments for our clients. We provide leading analytical thinking and strategic insight to succeed in a rapidly evolving competitive, regulatory, and capital markets environment. Our work spans a range of topics, including underwriting and pricing, strategy development, M&A, financial effectiveness, product design and management, operational excellence, and distribution. Recent examples of our impact include: Developing a target operating model for the Finance and Actuarial functions of a life insurer to empower them with enhanced data and the technology they need to design products, perform pricing updates, and calculate reserves Establishing a greenfield insurer from strategy formulation, technology selection across the value chain, project planning through to implementation Designing a multi-year corporate strategy for an Independent Broker Dealer that included product development, distribution and operations and technology components Our consulting roles offer excellent career and growth opportunities for talented, highly motivated professionals with relevant prior experience. As a professional member of our firm, your initial responsibilities will include: Execution of individual project workstreams. This typically includes developing hypotheses; managing data collection, model creation and analyses; conducting primary and secondary research; creatively tackling information limitations; and surfacing insights Synthesizing findings into written and visual presentations; reviewing and discussing with clients and other stakeholders Supporting our Partner group in project delivery through accurate and high-quality execution Desired Skills and Experience Graduate of the class of 2026 or candidates with 1-2 years of experience Currently pursuing or have completed a Bachelor's degree in Actuarial Science, Statistics, Mathematics, or other STEM field Have successfully passed at least 1 actuarial exam Willingness to get into the inner workings of insurance products Track record of delivering against tight deadlines in fast-paced, demanding environments Strong background in strategic problem solving with demonstrable analytical skills Outstanding written and verbal communication skills Willingness to travel Immediate impact, continuous challenge You'll work on challenging projects that have a significant impact on clients, industries, and societies from day one. We'll ask you to be brave, challenging the status quo and constantly striving to build something new to shape our firm and the world around us. You'll be a contributing team member from the start, building trust-based relationships with stakeholders and delivering breakthrough impact. Your learning curve will be steep, with each project offering new opportunities to expand your toolkit and to team with specialists who have deep subject-matter and technical expertise. You'll likely have the chance to travel within your home market and internationally. No two weeks are ever the same. We hire you to be you Our open, inclusive, and down-to-earth culture will enable you to bring your best authentic self to work. You'll work alongside down-to-earth colleagues who do serious work, but don't take themselves too seriously. There's no corporate mold to fit and hierarchy doesn't get in the way. We do not let artificial barriers stand in the way of your personal career progression. Full-Time Compensation: The applicable base pay for this role is 90-100k and is based on the number of Actuarial exams completed. The base pay offered will be determined on factors such as experience, skills, training, location, certifications, and education. Decisions will be determined on a case-by-case basis. In addition to the base salary, this position may be eligible for performance-based incentives. Unrestricted U.S. work authorization is required for U.S. office locations. Oliver Wyman does not offer sponsorship for this position. Please note that CPT and OPT are restricted forms of work authorization.