Oliver Wyman Actuarial - P&C -Principal

About the role

Oliver Wyman’s Property & Casualty Actuarial Practice is seeking a high-performing Principal to lead complex client engagements, drive business growth, and help shape the future of actuarial consulting through innovation and AI-enabled solutions. This role combines deep actuarial expertise with strategic leadership, client relationship management, and business development responsibility. The ideal candidate is a commercially minded leader who can oversee large client portfolios, develop trusted executive relationships, mentor teams, and identify opportunities to expand the practice’s impact across the insurance ecosystem.

Responsibilities

• Client Leadership & Delivery
  • Lead large, complex actuarial engagements for insurers, reinsurers, captives, self-insured entities, and corporate clients.
  • Serve as the client lead, overseeing project execution, delivery quality, timelines, and client satisfaction.
  • Provide strategic guidance and technical oversight across engagements which may include: loss reserving, pricing and ratemaking, predictive modeling, economic capital modeling, risk analytics, warranty and loyalty programs.
  • Translate complex actuarial analyses into actionable business insights and executive-level recommendations.
  • Ensure technical accuracy, data integrity, and compliance with quality standards.
• Business Development & Growth
  • Drive revenue growth by identifying expansion opportunities within existing accounts and developing new client relationships.
  • Partner with regional leaders and cross-functional teams to support strategic growth initiatives.
  • Lead or support proposals, RFP responses, client presentations, and thought leadership efforts.
  • Build and maintain strong relationships with senior client stakeholders, brokers, and industry partners.
  • Contribute to market visibility through conference participation, intellectual capital development, and industry engagement.
  • Help shape and execute regional and practice-level growth strategies.
• AI, Innovation & Modernization
  • Champion the use of AI, analytics, automation, and emerging technologies to enhance actuarial modeling, reporting, and operational efficiency.
  • Partner with engineering, analytics, and modernization teams to translate actuarial business needs into scalable technical solutions.
  • Identify opportunities to modernize client delivery models and improve the efficiency and quality of actuarial workflows.
  • Support development of innovative tools, methodologies, dashboards, and AI-enabled capabilities across the practice.
  • Stay informed on industry trends and evolving technologies impacting actuarial consulting and insurance operations.
• Leadership & People Development
  • Lead, coach, and mentor consultants, managers, and analysts across project teams.
  • Foster a culture of collaboration, accountability, innovation, and inclusion.
  • Support talent development through coaching, performance feedback, and career mentorship.
  • Help build future practice leaders by encouraging technical depth, client leadership, and commercial acumen.
  • Contribute to recruiting, interviewing, and onboarding efforts.

Qualifications

• Required
  • BA/BS degree in Actuarial Science, Mathematics, Statistics, Economics, or related field.
  • ACAS or FCAS credential required.
  • 10+ years of actuarial consulting or insurance industry experience within Property & Casualty.
  • Demonstrated success managing client relationships and leading complex engagements.
  • Proven business development experience, including generating new opportunities and expanding client relationships.
  • Strong project management and organizational skills, with the ability to manage multiple priorities in a fast-paced environment.
  • Exceptional written and verbal communication skills with the ability to influence diverse audiences.
  • Strong analytical and problem-solving capabilities with a client-oriented mindset.
  • Advanced proficiency in Excel and PowerPoint.
• Preferred
  • Experience leveraging AI technologies, automation tools, or advanced analytics within actuarial or consulting environments.
  • Knowledge of programming languages such as Python, R, SQL, or similar analytical tools.
  • Experience working with cross-functional technology or engineering teams.
  • Thought leadership or industry visibility through publications, speaking engagements, or professional organizations.

What Success Looks Like

• Trusted advisor to senior client stakeholders and internal leadership teams.
• Strong contributor to regional and practice revenue growth.
• Effective leader of high-performing, collaborative teams.
• Champion of innovation and modernization across actuarial delivery.
• Driver of scalable solutions that improve client outcomes and operational efficiency.

Pay

The applicable base salary range for this role is $180,000 – $250,000. The base pay offered will be determined on factors such as experience, skills, training, location, certifications, and 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 may be eligible for performance-based incentives.