Oliver Wyman – Manager – P&C

Oliver Wyman is seeking a Manager for its Property & Casualty Actuarial Consulting Practice, based in various U.S. cities including Chicago. The role involves analyzing complex problems, managing projects, and mentoring analysts. Candidates will work with clients in risk management across industries. The company promotes an inclusive culture and offers a competitive benefits package, including performance bonuses and support for professional development.
Oliver Wyman – Manager – Property & Casualty

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 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 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: Actuarial Manager - P&C -

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 a Actuarial P&C Manager to join our growing Property & Casualty Actuarial Consulting Practice. This position requires the candidate to work closely with our consultants and analysts to independently analyze complex problems and develop workable solutions for our clients, which include large corporations, captive insurance companies, state regulators, and P&C insurance companies. The candidate will have significant interaction and visibility with Oliver Wyman’s exciting and diverse client portfolios.

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.

Primary responsibilities include:
• Primary focus on loss reserving but additional projects include pricing/ratemaking, predictive modeling, economic capital modeling, and warranty and loyalty rewards programs
• Manage new projects and take over existing projects with minimal principal involvement, serving as day-to-day project point person and effectively managing client communications
• Review the work of analysts, ensuring technical accuracy and integrity on a wide variety of analyses, templates and exhibits
• Support training, developing and mentoring of analysts on project teams to aide in their career growth
• Prepare production of exhibits and written reports to present findings to clients
• Attend and participate in client meetings as required
• Develop and maintain strong relationships for business development activities, including assisting in the preparation of proposals and presentations for prospective clients

Skills and Experience
• BA/BS degree in Actuarial Science, Mathematics, Statistics, Economics, Finance, or related field
• 7+ years of actuarial experience in the property & casualty industry, with a preference for prior actuarial consulting experience
• Near ACAS,/FCAS credentials
• Strong organizational skills with an ability to prioritize and oversee multiple tasks in a demanding work environment
• Excellent analytical abilities with the ability to develop client-oriented solutions
• Excellent interpersonal skills; strong oral and written communications skills
• Understanding of the value of collaboration and the ability to work effectively in a team setting
• Ability to manage a heavy work volume and meet deadlines in an extremely fast paced environment
• Self-starter, strong initiative, confidence and ability to work with little guidance
• Deep critical-thinking skills and problem-solving ability
• Highly motivated individual and willingness to work in a dynamic 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 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.

The applicable base salary range for this role is $83,000 - $150,000

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 will be eligible for performance-based incentives.

Oliver Wyman, a business of Marsh McLennan (NYSE: MMC), is a management consulting firm combining deep industry knowledge with specialized expertise to help clients optimize their business, improve operations and accelerate performance. Marsh McLennan is a global leader in risk, strategy and people, advising clients in 130 countries across four businesses: Marsh, Guy Carpenter, Mercer and Oliver Wyman. With annual revenue of $24 billion and more than 90,000 colleagues, Marsh McLennan helps build the confidence to thrive through the power of perspective. For more information, visit oliverwyman.com, or follow on LinkedIn and X.

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.

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.

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.