Oliver Wyman Actuarial - Senior Consultant - UK Life in London

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.

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 and lead on new and emerging ideas, leveraging the wider Oliver Wyman and Marsh businesses.

Potential projects may include:

• 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 life and PRT/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 and help clients undertake wider actuarial transformation.
• 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 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.
• Minimum 3 years of relevant Life Insurance actuarial experience.
• Either part or fully qualified actuary (FIA or equivalent).
• Knowledge of finance and/or risk management topics, including technical aspects such as Solvency II internal models, ORSA and IFRS 17.
• Understanding of the insurance industry and the challenges faced by our clients.
• Highly motivated and willing to work in a dynamic environment.
• Strong background in problem-solving with demonstrable analytical skills.
• Outstanding written and oral communication in both formal and informal settings.
• Self-starter, strong initiative and the ability to take the lead where appropriate.
• Experience in reinsurance, capital, and M&A projects is also highly desirable.

WHY WORK AT OLIVER WYMAN?

Working as part of our global, entrepreneurial company, you will do meaningful work from day one. We are looking for individuals who challenge the norm, and constantly strive to build something new for the firm and the world around us. There's no "one size fits all" - we hire exceptional people and help them thrive through a built-in support network, flexible career paths, and no barriers to advancement.

We have a collaborative, supportive and impactful team environment - we want you to bring your authentic self to the team and enjoy working alongside diverse and down-to-earth colleagues who do serious work, but who enjoy what they do.

At Oliver Wyman, a Marsh (NYSE: MRSH) business, we bring deep industry insight, bold innovation, and a collaborative approach that cuts through complexity to help organizations navigate their most defining transformative moments. Together with Marsh Risk, Guy Carpenter, and Mercer, we help organizations build resilience and competitive advantages from every angle.