Oliver Wyman - Insurance & Asset Management - Engagement Manager

About Oliver Wyman

Oliver Wyman is a global leader in management consulting with offices in 60 cities across 29 countries. The firm combines deep industry knowledge with specialized expertise in strategy, operations, risk management, and organization transformation, employing more than 5,000 professionals worldwide. Oliver Wyman is a wholly owned subsidiary of Marsh & McLennan Companies (NYSE: MMC). Marsh, a global leader in risk, reinsurance, capital, people and investments, and management consulting, advises clients in 130 countries and has over $27 billion in annual revenue and more than 95,000 colleagues.

Team Overview

The Insurance Practice serves leading institutions in Life and Property & Casualty Insurance, Reinsurance, and Pensions sectors, providing strategic insight and analytical thinking to succeed in a rapidly evolving competitive, regulatory, and capital markets environment. Work spans strategy development, financial effectiveness, product design and management, operational excellence, underwriting and pricing, and distribution. Recent impact includes establishing a Greenfield insurer from strategy to implementation, creating the “Fulcrum” platform for rapid legacy system migration, and designing a multi‑year corporate strategy for an Independent Broker Dealer that integrated product development, distribution, operations, and technology.

Responsibilities

• Managing the execution of individual project workstreams, including developing hypotheses, managing data collection, model creation and analyses, conducting primary and secondary research, creatively tackling information limitations, and surfacing insights.
• Synthesizing findings into written presentations and reviewing and discussing them with clients and other stakeholders.
• Supporting the Partner group in project delivery through accurate and high‑quality execution.

Qualifications

• 5+ years of relevant experience, ideally with a top‑tier strategy consulting firm (or similar project‑based, team‑oriented organization) or a Life Insurance company.
• Familiarity with operations and technology components that support insurance products.
• Demonstrable success using modern tooling such as SQL and Python.
• Experience with insurance‑related topics including underwriting, risk, and finance.
• Strong mathematical background and willingness to delve into the inner workings of insurance products.
• Track record of leading and managing teams and delivering against tight deadlines in fast‑paced, demanding environments.
• Strong background in strategic problem solving with demonstrable analytical skills.
• Outstanding written and verbal communication skills.
• Undergraduate or advanced degree from a top academic program.
• Willingness to travel.

Compensation and Benefits

The applicable base salary range for this role is $225,000 to $240,000, with base pay determined on a case‑by‑case basis considering experience, skills, training, location, certifications, education, and any applicable minimum wage requirements. In addition to base salary, the position is eligible for performance‑based incentives, including year‑end bonuses tied to personal and corporate performance. Oliver Wyman offers an impressive array of benefits; details can be explored at US Benefits | Marsh McLennan. Employee groups are available for the LGBT+ community, racially and ethnically diverse employees, women, family life, introverts, and veterans of military service.

Culture and Values

Working at Oliver Wyman means doing meaningful work from day one in a global, entrepreneurial environment that challenges the norm and encourages building something new. The firm provides a built‑in support network, flexible career paths, and no artificial barriers to advancement, fostering a collaborative, supportive, and impactful team where colleagues bring their authentic selves.

Oliver Wyman’s values emphasize:

• Self‑starters and free thinkers who work well in a team.
• A common aspiration to have an impact, leave a legacy, and change the world.
• Straightforward, open, respectful interaction where every member is encouraged to voice opinions.
• Opportunity without artificial barriers — meritocracy is pursued by removing obstacles to advancement.
• Balanced lives, valuing colleagues who integrate work and non‑work activities to sustain interest and contribution.

The firm is committed to investing in its people by fostering a safe and inclusive environment, respecting diverse perspectives, promoting an ownership culture, providing opportunities for personal brand development, and celebrating successes and rewarding performance.

Schedule

All Marsh 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” each week when the full team works together in person.

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