Oliver Wyman Actuarial - M&A Consulting Actuary - US P&C
National African-American Insurance Association (NAAIA), Boston, MA, United States
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. 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.
Job Description
Oliver Wyman is seeking an ambitious actuary to join the US P&C Practice as a Consulting Actuary on the mergers and acquisitions ("M&A") team. The role will contribute to due diligence and analytical efforts across reinsurance and acquisition processes, both in the US and globally, and will help manage, execute, and deliver projects for a portfolio of top‑tier insurance and reinsurance companies, alternative asset managers, private equity firms, investment banks, law firms, and regulators.
Responsibilities
Execute actuarial due diligence projects for M&A and reinsurance transactions, reviewing actuarial reports, data and models to assess the adequacy of target reserve estimates, loss ratio projections, pricing and 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 data visualizations.
Present findings to senior management and C‑suite executives.
Develop a 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.
Salary & Compensation
The applicable base salary range for this role is USD $100,000 to $195,000. The base pay offered will be determined based on experience, skills, training, location, certifications, education, and any applicable minimum wage requirements. In addition to the base salary, this position will be eligible for performance‑based incentives.
EEO Statement
Marsh McLennan is committed to embracing a diverse, inclusive and flexible work environment. We aim to attract and retain the best people regardless of 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.
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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. 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.
Job Description
Oliver Wyman is seeking an ambitious actuary to join the US P&C Practice as a Consulting Actuary on the mergers and acquisitions ("M&A") team. The role will contribute to due diligence and analytical efforts across reinsurance and acquisition processes, both in the US and globally, and will help manage, execute, and deliver projects for a portfolio of top‑tier insurance and reinsurance companies, alternative asset managers, private equity firms, investment banks, law firms, and regulators.
Responsibilities
Execute actuarial due diligence projects for M&A and reinsurance transactions, reviewing actuarial reports, data and models to assess the adequacy of target reserve estimates, loss ratio projections, pricing and 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 data visualizations.
Present findings to senior management and C‑suite executives.
Develop a 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.
Salary & Compensation
The applicable base salary range for this role is USD $100,000 to $195,000. The base pay offered will be determined based on experience, skills, training, location, certifications, education, and any applicable minimum wage requirements. In addition to the base salary, this position will be eligible for performance‑based incentives.
EEO Statement
Marsh McLennan is committed to embracing a diverse, inclusive and flexible work environment. We aim to attract and retain the best people regardless of 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.
#J-18808-Ljbffr