Oliver Wyman - Actuarial Consultant - P&C at MMC in Los Angeles, California

Job Description:

Oliver Wyman - Actuarial Consultant - P&C




Office/Regions available: Atlanta, Charlotte, Chicago, Dallas, Houston, Los Angeles, Nashville, New York, San Francisco; other office/regions may be considered.



Company Overview



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.


The Actuarial Practice of 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 Property and Casualty Consulting Practice assists insurance companies, self-insured corporations, government entities and other organizations with all aspects of managing property and casualty insurance exposures. We guide P&C clients by analyzing their risk and loss exposures, qualitatively and quantitatively, and offer advice on a range of issues, from external business strategy and internal risk management to economic capital modeling and new product development.



Job Description




Job Title: P&C Actuarial Consultant



Office/Regions available: Atlanta, Charlotte, Chicago, Dallas, Houston, Los Angeles, Nashville, New York, San Francisco; other office/regions may be considered.


Oliver Wyman is currently seeking candidates to join our growing Property & Casualty Actuarial Consulting Practice as an Actuarial Consultant. This position requires the candidate to work as part of a team of professionals to independently analyze complex problems and develop workable solutions for self-insured clients.The candidate will have interaction and visibility with Oliver Wyman's clients, which include large self-insured corporations, captive insurance companies, state regulators, and P&C insurance companies.


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.


We provide a competitive compensation and benefits package, including a performance-based bonus, an Actuarial Study Program and a supportive and flexible work environment. Explore all the benefits offered at US Benefits | Marsh McLennan.



Projects and responsibilities include:

• Focus on loss reserving projects with additional engagements in pricing/ratemaking, predictive modeling, economic capital modeling, and loyalty rewards programs


• Demonstrated ability to join existing projects, taking ownership of project task/responsibilities, and ensuring seamless client communication


• Review and validate the work of analysts, ensuring technical accuracy and integrity on a wide variety of analyses, templates and exhibits


• Compile, verify and/or reasonability check client data


• Apply complex actuarial theories and principles to create statistical models


• Prepare and/or oversee production exhibits and written reports to present findings


• Assist or lead in the preparation of proposals and presentations for prospects


• Attend client meetings, marketing/sales presentations as required

Skills and Experience

• Bachelor's and/or Master's degree in Actuarial Science, Mathematics, Statistics, Finance or a related field


• Minimum of two actuarial exams passed, additional exam progress towards ACAS/FCAS is preferred


• 4+ years of actuarial experience in the property and casualty industry, and with Property and Casualty clients such as, large self-insured corporations, captives, (re)insurers, state regulators. Previous consulting experienced is a plus


• Exceptional organizational skills, with an ability to prioritize and handle multiple tasks in a fast-paced work environment


• Excellent written and verbal communication skills, with the ability to build strong relationships with clients, colleagues, and industry stakeholders


• Proven ability to foster a culture of inclusiveness, innovation, and continuous improvement within the practice and across the broader organization


• Willingness to travel as needed to support client engagements and business development activities


• Self-motivated and proactive, with a demonstrated ability to develop client-oriented solutions


• Collaborative team player, capable of working effectively in a cross-functional environment


• Strong command of Microsoft Office, Excel, Word, and PowerPoint, etc.


• R, SAS, SQL, or VBA experience a plus

For more information, please visit our website at www.oliverwyman.com/actuaries.


Oliver Wyman is committed to the principles for equal employment opportunity and complies with all relevant federal, state, and local laws.



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 [NYSE: MMC]. For more information, visit www.oliverwyman.com. Follow Oliver Wyman on X @OliverWyman.


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 TANA@mmc.com.


The applicable base salary range for this role is $72,000 - $130,000


The base pay offered will be determined on factors such as experience, skills, training, location, certifications, education, exams, and any applicable minimum wage requirements. 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. Apply Now