Actuarial Analyst – P&C

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 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 Analyst

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

Oliver Wyman is currently seeking a P&C Actuarial Analyst to support our growing Property & Casualty Actuarial Consulting Practice. This position requires the candidate to work closely with our consultants 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 eventually 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:

• Assist in a wide range of actuarial projects. Focus will be on loss reserving but additional projects include pricing/ratemaking, predictive modeling, economic capital modeling, and warranty and loyalty rewards programs.
• Compile and verify client data
• Setup spreadsheet analysis, templates, and exhibits
• Prepare production exhibits and written reports to present findings
• Attend client meetings as required
• Assist in the preparation of proposals and presentations for prospects
• Attend marketing/sales presentations as required

Skills and Attributes

• BA/BS degree in Actuarial Science, Mathematics, Statistics, Economics, Finance, or related field
• 2+ actuarial exams is preferred, and commitment to pursuing CAS actuarial credentials
• Strong organizational skills with an ability to prioritize and handle multiple tasks
• Excellent interpersonal skills; strong oral and written communications skills
• Ability to manage in a fast-paced environment
• Ability to undertake instructions for project tasks and produce quality deliverables in a timely fashion
• Self-starter, strong initiative, confidence and ability to work with little guidance, while still being a collaborative teammate
• Any property & casualty experience and/or consulting experience is a plus
• Strong command of Microsoft Office, Excel, Word, and PowerPoint, etc.
• R, SAS, SQL, or VBA experience a plus

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]. 

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. 

Unrestricted U.S. work authorization is required. Oliver Wyman does not offer sponsorship for this position. (Please note that CPT and OPT are restricted forms of work authorization).

The applicable base salary range for this role is $65,000 to $85,000.

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.

We are excited to offer a competitive total rewards package which includes health and welfare benefits, tuition assistance, actuarial study program, 401K savings and other retirement programs as well as employee assistance programs.