Actuarial Consultant, P&C Practice

About the role

Oliver Wyman's Property and Casualty Consulting Practice advises insurers, self-insured corporations, government entities and other organisations on risk and loss exposure, from strategy and risk management to economic capital modelling and new product development. As an actuarial consultant you will develop, validate and operationalise actuarial models, methodologies and workflows, working with multidisciplinary teams and contributing to projects on a global basis. New York City and Chicago are the primary preferred locations, with other Oliver Wyman offices also considered.

Key responsibilities

• Support client engagements by applying actuarial knowledge and structured problem solving to complex insurance challenges
• Analyse large, complex datasets and interpret results to support actuarial, operational and strategic decisions
• Apply established actuarial methodologies, assumptions and models to produce accurate analyses
• Work with clients and internal stakeholders to gather requirements and explain findings clearly
• Collaborate with actuaries, engineers and data scientists to turn requirements into technical specifications and validate outputs
• Validate data, assumptions, calculations, models and outputs against professional standards and regulatory requirements
• Help develop tools, automation and AI-enabled solutions that modernise actuarial work

Required profile

• BA/BS in Actuarial Science, Mathematics, Statistics, Economics, Finance or a related field
• 1+ years of actuarial experience
• Commitment to pursuing CAS actuarial credentials with a minimum of 3 passed exams
• Exceptional verbal and written communication skills
• Strong organisational skills and ability to meet tight deadlines

Required skills

• Advanced Excel for data analysis and reporting
• Experience using AI technologies for modelling and analytics
• Knowledge of Python, R and SQL is a plus

What we offer

• Base salary range of $85,000 - $130,000, depending on experience, skills, location and certifications
• Possible performance-based incentives
• Health and welfare benefits, tuition assistance, 401K and other retirement programmes, and employee assistance programmes
• Relocation assistance may be available for qualified candidates