Oliver Wyman
Oliver Wyman Actuarial – Life/Annuities Manager
Oliver Wyman, Chicago, Illinois, United States, 60290
The Actuarial Consulting Practice of Oliver Wyman advises clients across a broad spectrum of risk management issues. We are a rapidly growing practice with offices across the globe. Our actuaries hold the highest professional qualifications and are nationally recognized as experts in their field(s).
Job Description Seeking an experienced Actuarial Modeling Manager with deep experience in capital modeling, valuation (economic balance sheet / EBS), SBA/BM A scenario-based reserving, LDTI model validation, pricing, and regulatory reporting. The successful candidate will develop, test, validate, and document actuarial models, produce monthly valuation outputs, lead assumption-setting analysis, and coordinate stakeholders across product, finance, and regulatory teams.
Key Responsibilities
Own ongoing communication with clients, ensuring their highest satisfaction.
Ensure technical accuracy and integrity in your work and in the work produced by junior staff.
Produce executive level management reports and confidently present findings to internal senior leaders, clients and executives.
Build a strong industry network by demonstrating your expertise and highlighting the unique value Oliver Wyman provides.
Conduct market research to identify trends and opportunities.
Foster a collaborative, performance-driven environment that encourages team members to challenge the status quo.
Promote active knowledge sharing within the team to support continuous learning and improvement.
Expand, build and maintain Actuarial models in various software including, but not limited to (ALFA, GGY Axis, Moses, Prophet,) (ALM / SBA / reserve models).
Coordinate information gathering and communications for regulatory templates (e.g., BSCR, BMA templates) and Appointed Actuary memoranda.
Providing technical and subject matter expertise on Bermuda regulations (BSCR/SBA/amendments), reinsurance structuring and capital solutions, industry trends, emerging changes, and other general actuarial topics.
Support clients on business‑as‑usual activities including recurring financial and actuarial analysis, management reporting, process execution, and coordinate across stakeholders to maintain effective ongoing operations.
Work in partnership with our management consulting and actuarial practices.
Qualifications and Desired Skills
Bachelor’s degree in Actuarial Science, Finance, or a related field. Advanced degrees or professional certifications (e.g., FSA, MAAA) are preferred.
A minimum of 5 years of relevant experience with Life and/or annuity products, preferably with hands‑on involvement in pricing, product development, and/or inforce management.
Associate of the Society of Actuaries (ASA) or Fellow of the Society of Actuaries (FSA) credential preferred.
Strong analytical and strategic thinking skills, with an ability to navigate complex problems effectively.
Demonstrated capability to lead teams and manage multiple workstreams with minimal oversight, from analysis to delivery.
Excellent communication and interpersonal skills, capable of engaging diverse stakeholders and advocating for strategic initiatives.
Effective organizational skills with a focus on delivering exceptional results while meeting deadlines in a fast‑paced environment.
Knowledge in financial modeling systems or open‑source scripting languages, such as Moody’s AXIS, FIS Insurance Risk Suite (formerly Prophet), R, and Python is valuable.
Why Work for Us The Actuarial Practice of Oliver Wyman seeks to invest in its people by fostering a safe and inclusive environment, respecting and welcoming different perspectives, promoting an ownership culture, providing opportunities for individuals to develop their personal brand, and celebrating successes and rewarding performance. There are employee groups for the LGBT+ community, racially and ethnically diverse employees, women, family life, introverts, and veterans of military service at Oliver Wyman.
Compensation & Benefits The applicable base salary range for this role is $100k to $195k, with base pay determined by experience, skills, training, and location. In addition to the base salary, the position is eligible for meaningful performance‑based incentives, year‑end bonuses, and a comprehensive benefits package.
Oliver Wyman offers a performance‑based pay program that rewards colleagues for the contributions they make to our business results. Benefits include health, dental, vision, life insurance, retirement plans, and paid time off.
Marsh McLennan is committed to embracing a diverse, inclusive and flexible work environment. We aim to attract and retain the best people and embrace diversity of age background, disability, ethnic origin, family duties, gender orientation or expression, marital status, nationality, parental status, personal or social status, political affiliation, race, religion and beliefs, sex/gender, sexual orientation or expression, skin color, veteran status and any other characteristic protected by applicable law. If you have a need that requires accommodation, please let us know by contacting reasonableaccommodations@mmc.com.
Marsh McLennan is committed to hybrid work, which includes the flexibility of working remotely and the collaboration and professional development benefits of working together in the office. All Marsh McLennan colleagues are expected to be in their local office or working onsite with clients at least three days per week.
Location: Chicago, IL.
We are an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, gender identity or expression, sexual orientation, national origin, disability, protected veteran status, or any other characteristic protected by law.
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Job Description Seeking an experienced Actuarial Modeling Manager with deep experience in capital modeling, valuation (economic balance sheet / EBS), SBA/BM A scenario-based reserving, LDTI model validation, pricing, and regulatory reporting. The successful candidate will develop, test, validate, and document actuarial models, produce monthly valuation outputs, lead assumption-setting analysis, and coordinate stakeholders across product, finance, and regulatory teams.
Key Responsibilities
Own ongoing communication with clients, ensuring their highest satisfaction.
Ensure technical accuracy and integrity in your work and in the work produced by junior staff.
Produce executive level management reports and confidently present findings to internal senior leaders, clients and executives.
Build a strong industry network by demonstrating your expertise and highlighting the unique value Oliver Wyman provides.
Conduct market research to identify trends and opportunities.
Foster a collaborative, performance-driven environment that encourages team members to challenge the status quo.
Promote active knowledge sharing within the team to support continuous learning and improvement.
Expand, build and maintain Actuarial models in various software including, but not limited to (ALFA, GGY Axis, Moses, Prophet,) (ALM / SBA / reserve models).
Coordinate information gathering and communications for regulatory templates (e.g., BSCR, BMA templates) and Appointed Actuary memoranda.
Providing technical and subject matter expertise on Bermuda regulations (BSCR/SBA/amendments), reinsurance structuring and capital solutions, industry trends, emerging changes, and other general actuarial topics.
Support clients on business‑as‑usual activities including recurring financial and actuarial analysis, management reporting, process execution, and coordinate across stakeholders to maintain effective ongoing operations.
Work in partnership with our management consulting and actuarial practices.
Qualifications and Desired Skills
Bachelor’s degree in Actuarial Science, Finance, or a related field. Advanced degrees or professional certifications (e.g., FSA, MAAA) are preferred.
A minimum of 5 years of relevant experience with Life and/or annuity products, preferably with hands‑on involvement in pricing, product development, and/or inforce management.
Associate of the Society of Actuaries (ASA) or Fellow of the Society of Actuaries (FSA) credential preferred.
Strong analytical and strategic thinking skills, with an ability to navigate complex problems effectively.
Demonstrated capability to lead teams and manage multiple workstreams with minimal oversight, from analysis to delivery.
Excellent communication and interpersonal skills, capable of engaging diverse stakeholders and advocating for strategic initiatives.
Effective organizational skills with a focus on delivering exceptional results while meeting deadlines in a fast‑paced environment.
Knowledge in financial modeling systems or open‑source scripting languages, such as Moody’s AXIS, FIS Insurance Risk Suite (formerly Prophet), R, and Python is valuable.
Why Work for Us The Actuarial Practice of Oliver Wyman seeks to invest in its people by fostering a safe and inclusive environment, respecting and welcoming different perspectives, promoting an ownership culture, providing opportunities for individuals to develop their personal brand, and celebrating successes and rewarding performance. There are employee groups for the LGBT+ community, racially and ethnically diverse employees, women, family life, introverts, and veterans of military service at Oliver Wyman.
Compensation & Benefits The applicable base salary range for this role is $100k to $195k, with base pay determined by experience, skills, training, and location. In addition to the base salary, the position is eligible for meaningful performance‑based incentives, year‑end bonuses, and a comprehensive benefits package.
Oliver Wyman offers a performance‑based pay program that rewards colleagues for the contributions they make to our business results. Benefits include health, dental, vision, life insurance, retirement plans, and paid time off.
Marsh McLennan is committed to embracing a diverse, inclusive and flexible work environment. We aim to attract and retain the best people and embrace diversity of age background, disability, ethnic origin, family duties, gender orientation or expression, marital status, nationality, parental status, personal or social status, political affiliation, race, religion and beliefs, sex/gender, sexual orientation or expression, skin color, veteran status and any other characteristic protected by applicable law. If you have a need that requires accommodation, please let us know by contacting reasonableaccommodations@mmc.com.
Marsh McLennan is committed to hybrid work, which includes the flexibility of working remotely and the collaboration and professional development benefits of working together in the office. All Marsh McLennan colleagues are expected to be in their local office or working onsite with clients at least three days per week.
Location: Chicago, IL.
We are an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, gender identity or expression, sexual orientation, national origin, disability, protected veteran status, or any other characteristic protected by law.
#J-18808-Ljbffr