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

• 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.
• 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.
• 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.
• 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.

Qualifications

• 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.