About the Role
Oliver Wyman is seeking a high-performing Principal to join the mergers and acquisitions (“M&A”) team and lead the management, execution, and delivery of projects for Oliver Wyman’s clients. 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 actuarial due diligence projects for M&A and reinsurance transactions, including review of actuarial reports, data and models to assess the adequacy of the target reserve estimates, loss ratio projections, pricing & underwriting practices.
- Quantify downside risk associated with potential transactions using stochastic models.
- Conduct exploratory data analysis on exposure/loss data to uncover important business shifts; decompose complex datasets into simple narratives and recommendations.
- Develop executive level management reports, including development of data visualizations.
- Present findings to senior management and C-suite executives.
- Develop network of contacts throughout the industry via participation in deals, industry conferences, and other events.
- Lead client sales meetings and proposal development.
- Work in partnership with our management consulting and actuarial practices in the US and globally.
Requirements
- 10+ years of professional actuarial experience in consulting or insurance.
- 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.
- Ability to deliver against tight deadlines in fast-paced, demanding environments.
- Detailed oriented with the ability to work on multiple projects concurrently.
- Evidence of intellectual curiosity and ability to think strategically and creatively.
- Self-motivated, an entrepreneurial attitude, and not afraid of long hours.
- Strong communication skills.
- Prior M&A experience is preferred but not required.
Skills
- Actuarial expertise
- Strategic leadership
- Client relationship management
- Business development
- Stochastic models
- Exploratory data analysis
- Data visualizations
- Project management
- Organizational skills
- Analytical skills
- Problem-solving skills
- Communication skills
Location
- Flexible
- Northeast US (e.g., New York)
Work Type
- Hybrid work
- Onsite (at least three days per week)
Experience Level
- Principal
- 10+ years of professional actuarial experience
Education Level
- BA/BS degree in Actuarial Science, Mathematics, Statistics, Economics, Finance or related field
- FCAS credential required
Salary/Compensations
- $180,000 – $250,000
- Performance-based incentives
Benefits
- Health and welfare benefits
- Tuition assistance
- 401K savings and other retirement programs
- Employee assistance programs
About the Company
- The Property and Casualty Consulting Practice assists insurance companies, self-insured corporations, government entities, and other organizations with all aspects of managing property and casualty insurance exposures.
- Oliver Wyman is a business of Marsh (NYSE: MRSH), a global leader in risk, reinsurance and capital, people and investments, and management consulting, advising clients in 130 countries.
- With annual revenue of over $27 billion and more than 95,000 colleagues, Marsh helps build the confidence to thrive through the power of perspective.
- The Actuarial Practice of Oliver Wyman, a Marsh business, advises clients across a broad spectrum of risk management issues.
- We are a rapidly growing group with offices expanding across the globe.
- Our actuaries hold the highest professional qualifications and are nationally recognized as experts in their field(s).
- We use mathematical and statistical modeling skills and our qualitative assessment methodologies to assist clients in evaluating and addressing risk.
- Our solutions help clients manage and prepare for the potential financial consequences of uncertain future events.
- We bring a combination of broad-based expertise with specialized knowledge of specific risks, allowing us to provide independent, objective advice in the three primary areas of risk: healthcare, life and annuity, and property and casualty.
Equal Opportunity
- Marsh McLennan and its Affiliates are EOE Minority/Female/Disability/Vet/Sexual Orientation/Gender Identity employers.
- Marsh 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 (including protected veterans), or any other characteristic protected by applicable law.
- If you have a need that requires accommodation, please let us know by contacting reasonableaccommodations@marsh.com.
