Oliver Wyman - Entry-Level Consultant - Actuarial – London at Marsh McLennan | GB | Rezi

Oliver Wyman - Entry-Level Consultant - Actuarial – London at Marsh McLennan

Oliver Wyman - Entry-Level Consultant - Actuarial – London

Marsh McLennan · GB

2 weeks ago

Oliver Wyman - Entry-Level Consultant - Actuarial – London

Marsh McLennan · GB

20 days ago
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About the Role

Oliver Wyman is growing its Actuarial team and seeking individuals with the intent to train as Actuaries. This position requires analyzing complex problems and developing innovative solutions for clients, working closely with wider management consulting and actuarial teams across Europe and other regions.

Responsibilities

  • Work alongside and learn from industry leaders and experienced consultants.
  • Contribute to a broad range of client projects.
  • Gain industry exposure with clients including top-tier insurance companies, reinsurance companies, investment banks, law firms, regulators, and private equity firms.
  • Take initiative on new and emerging ideas, leveraging the wider Oliver Wyman and Marsh organizations.
  • Analyze capital and financial reporting, including capital optimization, IFRS 17, and regulatory changes.
  • Provide risk management support, including validation, risk appetite reviews, and climate risk.
  • Support new business propositions and product development (Life and P&C), including modeling, valuation analysis, and strategy.
  • Conduct due diligence for mergers & acquisitions, including actuarial assumption review and strategy.
  • Transform pre and post actuarial model data and processes, including systems integration and analytics.
  • Perform actuarial model conversions and optimization.
  • Deliver client and industry presentations, surveys, and case studies.
  • Provide marketing support and business development, including managing proposals and tenders.
  • Develop and maintain intellectual capital, involving data science techniques and quantitative finance methodologies.
  • Support other business lines within the Marsh family to build integrated client solutions.

Requirements

  • Commitment to passing actuarial exams to achieve FIA designation within a few years.
  • Continued commitment to maintain membership to the Institute and Faculty of Actuaries.
  • Strong skills with MS Office – including Excel, Word and PowerPoint.
  • Awareness of and ability to utilize AI tools.
  • 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 ability to work effectively in a team setting.
  • Deep critical-thinking skills and problem-solving ability.
  • Highly motivated individual willing to work in a dynamic environment.

Skills

  • Actuarial Science
  • Mathematics
  • Statistics
  • Finance
  • MS Office (Excel, Word, PowerPoint)
  • AI tools
  • Modeling
  • Coding (R, Python) - preferred but not essential
  • Communication (written and oral)
  • Time management
  • Collaboration
  • Critical-thinking
  • Problem-solving

Location

  • London

Work Type

  • Hybrid

Experience Level

  • Entry-level (intent to train as Actuary)

Education Level

  • Bachelor's or Master's degree, preferably in Actuarial Science, Mathematics, Statistics, Finance or a related field

About the Company

  • Oliver Wyman is a global leader in management consulting with offices in over 70 cities across 30 countries.
  • The Actuarial Practice provides customized actuarial services and strategic insight.
  • Oliver Wyman is a business of Marsh (NYSE: MRSH), a global leader in risk, reinsurance and capital, people and investments, and management consulting.
  • Marsh has annual revenue of over $27 billion and more than 95,000 colleagues.
  • Marsh advises clients in 130 countries.
  • The Actuarial Practice of Oliver Wyman, a Marsh business, advises clients across a broad spectrum of risk management issues.
  • Our actuaries hold the highest professional qualifications and are nationally recognized as experts.
  • We use mathematical and statistical modeling skills and 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 healthcare, life and annuity, and property and casualty risk.

Equal Opportunity

  • 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, civil partnership status, disability, ethnic origin, family duties, gender orientation or expression, gender reassignment, marital status, nationality, parental status, personal or social status, political affiliation, race, religion and beliefs, sex/gender, sexual orientation or expression, skin color, or any other characteristic protected by applicable law.
  • We are an equal opportunities employer.
  • We are committed to providing reasonable adjustments in accordance with applicable law to any candidate with a disability to allow them to fully participate in the recruitment process.
  • If you have a disability that may require reasonable adjustments, please contact us at reasonableaccommodations@marsh.com.