Oliver Wyman Actuarial - P&C - Business Development-Focused Principal/Senior Principal

About the Role

Oliver Wyman is seeking an experienced consultant to join the Property & Casualty Actuarial Consulting Practice as a Principal/Senior Principal. This position will help develop the business development plan for targeted expansion and execute the growth strategy alongside the Region Leader and Central Zone Principals. The role involves significant client engagement with large self-insured corporations, captive insurance companies, (re)insurers, investment firms, state regulators, and healthcare providers.

Responsibilities

• Own the business development plan and revenue target for the P&C region, focusing on large account pursuits.
• Supervise business development collaboration with senior managers and Principals, maintaining knowledge of BD-related engagements across the P&C Practice (e.g., pipeline, marketing content, expertise).
• Create and deliver monthly updates on business development activity by region, keeping business leaders informed.
• Identify and encourage the development of subject matter experts in their chosen field.
• Review and validate client deliverables to ensure technical accuracy and integrity across analyses, templates, and exhibits.
• Mentor junior staff, fostering their career growth and professional advancement.
• Prepare and deliver high-quality exhibits and written reports to present findings and recommendations to clients.
• Strengthen client relationships and drive business development activities, including guiding proposal and presentation preparation for prospective clients.
• Manage a diverse range of actuarial projects, including loss reserving, pricing/ratemaking, predictive modeling, economic capital modeling, and loyalty rewards programs.

Requirements

• Demonstrated ability to lead and manage client relationships.
• ACAS/FCAS credentials or similar qualifications with 10+ years of consulting experience focused on Property and Casualty clients, including self-insureds, captives, and (re)insurers.
• Exceptional organizational skills, with proven ability to prioritize and handle multiple projects in a fast-paced 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.
• 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.

Benefits

Oliver Wyman offers a performance-based pay program that rewards contributions to business results, including year-end bonuses based on personal and corporate performance. The firm provides an impressive array of benefits, including support for diverse employee groups such as the LGBT+ community, racially and ethnically diverse employees, women, family life, introverts, and veterans of military service.

Pay

The applicable base salary range for this role is $188,000 to $400,000. The base pay offered will be determined based on factors such as experience, skills, training, location, certifications, education, and any applicable minimum wage requirements. Decisions will be made on a case-by-case basis.

Schedule

Oliver Wyman is committed to hybrid work, which includes the flexibility of working remotely and the collaboration, connections, and professional development benefits of working in the office. 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 for full-team in-person collaboration.