Find a job 
Featured Companies 
Featured Universities 
For Companies At a Glance
- Tasks: Analyse complex problems and develop innovative solutions for top-tier clients.
- Company: Join Oliver Wyman, a global leader in management consulting.
- Benefits: Gain industry exposure, competitive salary, and professional development opportunities.
- Other info: Dynamic environment with excellent career growth and collaboration opportunities.
- Why this job: Work with industry leaders and make a real impact in the actuarial field.
- Qualifications: Bachelor’s or Master’s degree in a related field; commitment to actuarial exams.
The predicted salary is between 28800 - 48000 £ per year.
Job Description
Oliver Wyman Actuarial – Actuarial entry-level
Office: London
Company Overview
Oliver Wyman is a global leader in management consulting. With offices in more than 70 cities across 30 countries, Oliver Wyman combines deep industry knowledge with specialised expertise in strategy, operations, risk management and organisation transformation.
The Actuarial Practice of Oliver Wyman provides customised actuarial services and strategic insight, supporting clients as they strive to exceed their business objectives. Our exceptional client and employee retention exemplify our commitment to relationships built on trust, responsiveness and clear communication.
Oliver Wyman is currently growing its Actuarial department and seeking Actuaries (partially or fully qualified) to join the UK team. This position requires the candidate to work closely with our wider management consulting team, as well as our actuarial teams across Europe and other regions, to independently analyse complex problems and develop innovative solutions for our clients.
Job Description
As a new Actuarial Consultant, you will work alongside, and learn from, Oliver Wyman’s industry leaders and other experienced consultants while contributing to a broad range of client projects. You will gain industry exposure with Oliver Wyman’s clients, which include top tier insurance companies, reinsurance companies, investment banks, law firms, regulators, private equity firms and many more. You will also have the chance to take the initiative on new and emerging ideas, leveraging the wider Oliver Wyman and Marsh McLennan organisations.
Potential projects may include (across both Life and P&C initially):
- Capital and financial reporting, leveraging the tools available and developed by Oliver Wyman globally. This will also cover capital optimisation, IFRS 17 and understanding the latest regulatory changes
- Risk management and support, including validation, risk appetite reviews and oversight, as well as emerging practice on climate risk
- New business propositions and P&C, life and annuity product development including modelling, valuation analysis and strategy support
- Mergers & acquisitions due diligence including assumption review, management support and strategy, model build, and development of projected UK statutory distributable earnings, Actuarial Appraisal Values and so on
- Transformation of pre and post actuarial model data and processes, including systems and financial reporting integration, analytics, and workflow
- Actuarial model conversions and optimisation
- Client and industry presentations, surveys, case studies and wider marketing support and business development including managing proposals, tenders and other stakeholder management
- Development and maintenance of intellectual capital, including involvement with the latest data science techniques and cutting edge methodologies from quantitative finance
- Supporting other business lines within the Marsh McLennan family as we continue to build integrated solutions for our clients
Skills and Attributes
- Bachelor’s or Master’s degree, preferably in Actuarial Science, Mathematics, Statistics, Finance or a related field
- Commitment to passing actuarial exams to achieve FIA designation within a few years, and then continued commitment to maintain membership to the Institute and Faculty of Actuaries
- Strong skills with MS Office – including Excel, Word and PowerPoint
- Strong modelling skills with practical experience in at least one coding language (e.g., R, Python) would be preferred but not essential
- Outstanding written and oral communication in both formal and informal settings
- Track record of and desire for rapid learning, high performance, and professional growth
- Excellent time management skills
- Understanding of the value of collaboration, and the ability to work effectively in a team setting
- Deep critical-thinking skills and problem-solving ability
- Highly motivated individual and willingness to work in a dynamic environment
Actuarial Consultant employer: Oliver Wyman
Contact Detail:
Oliver Wyman Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Actuarial Consultant
✨Network Like a Pro
Get out there and connect with people in the industry! Attend events, join online forums, and don’t be shy about reaching out to current employees at Oliver Wyman. Building relationships can open doors that a CV just can’t.
✨Show Off Your Skills
When you get the chance to chat with recruiters or during interviews, make sure to highlight your modelling skills and any coding experience you have. Bring examples of your work if you can – it’s all about showing what you can do!
✨Prepare for the Unexpected
Interviews can throw curveballs, so be ready for some tricky questions! Brush up on your problem-solving skills and think through how you’d tackle real-world actuarial challenges. Practice makes perfect!
✨Apply Through Our Website
Don’t forget to apply directly through the Oliver Wyman website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re genuinely interested in joining our team.
We think you need these skills to ace Actuarial Consultant
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Actuarial Consultant role. Highlight relevant skills and experiences that align with what we’re looking for, like your analytical abilities and any coding experience you have. A personalised CV shows us you’re genuinely interested!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to tell us why you’re passionate about actuarial work and how your background makes you a great fit for our team. Don’t forget to mention specific projects or experiences that relate to the job description.
Showcase Your Communication Skills: Since we value clear communication, make sure your application reflects your writing skills. Keep it concise, professional, and free of jargon. We want to see that you can convey complex ideas simply and effectively!
Apply Through Our Website: We encourage you to apply through our website for a smoother process. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, you’ll find all the details you need right there!
How to prepare for a job interview at Oliver Wyman
✨Know Your Numbers
Brush up on your actuarial knowledge and be ready to discuss key concepts, especially those related to capital optimisation and IFRS 17. Familiarise yourself with recent regulatory changes and how they impact the industry.
✨Showcase Your Skills
Be prepared to demonstrate your modelling skills and any experience you have with coding languages like R or Python. Bring examples of past projects or coursework that highlight your analytical abilities and problem-solving skills.
✨Communicate Clearly
Practice articulating complex ideas in a simple way. Since communication is key in consulting, ensure you can explain your thought process clearly, whether in formal presentations or casual discussions.
✨Emphasise Teamwork
Oliver Wyman values collaboration, so be ready to share experiences where you've worked effectively in a team. Highlight your understanding of teamwork dynamics and how you contribute to group success.