Oliver Wyman Actuarial – M&A Consulting Actuary – US P&C

Remote type: Hybrid/Remote. Locations: Flexible, but preferably in Northeast US/Canada (e.g., New York, Montreal). Time type: Full time.

About the role

The US P&C Actuarial Practice of Oliver Wyman is seeking an ambitious actuary to join the mergers and acquisitions (“M&A”) team. The new M&A Consulting Actuary will contribute to a broad range of due diligence and analytical efforts, including support across reinsurance and acquisition processes, both in the US and globally. You will join our talented consultants in the US and play a key role in the management, execution, and delivery of projects for Oliver Wyman’s clients, which include 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, including review of actuarial reports, data, and models to assess the adequacy of the target reserve estimates, loss ratio projections, pricing & 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.

Requirements

• 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.
• Detailed 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.

Benefits

Oliver Wyman offers a performance-based pay program that rewards colleagues for their contributions to our business results, including year-end bonuses based on personal and corporate performance. We also offer an impressive array of benefits. Explore all the benefits offered at US Benefits | Marsh McLennan.

Pay

The applicable base salary range for this role is USD $100,000 to $195,000. The base pay offered will be determined on factors such as experience, skills, training, location, certifications, education, 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.

Schedule

All 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.