Senior Manager, Actuarial Life/Annuities

About the role

The Oliver Wyman Actuarial practice advises clients on risk management, covering healthcare, life and annuity, property and casualty. This Senior Manager role sits within the Life Actuarial Practice, which uses actuarial and modeling techniques to help organizations manage insurance risk. It is a hybrid position based in New York, Boston, Chicago or another Oliver Wyman office.

Key responsibilities

• Develop financial models for mergers and acquisitions, internal and external reinsurance and other capital markets transactions with minimal oversight
• Carry out actuarial due diligence, including review of actuarial appraisals, product features, experience studies and assumptions, and turn complex data into simple narratives and recommendations
• Prepare executive-level management reports, including data visualizations, and present findings to senior management and the C-suite
• Build an industry network through deal participation, conferences and events, and take part in client sales meetings and proposal development
• Partner with management consulting and actuarial practices in the US and globally, and act as a trusted resource for clients and junior staff on product and technical questions

Required profile

• 5+ years of professional experience in financial consulting or insurance; FSA preferred
• Prior life insurance M&A and pricing experience required
• Experience in product development lifecycle and in-force policy management
• Ability to lead and manage projects, including delegation and client solution development
• Strong communication skills, entrepreneurial attitude, and ability to work under tight deadlines

Required skills

• Actuarial pricing model development, profitability projections and data flow management
• Risk management, sensitivity analysis and regulatory compliance testing
• Knowledge of accounting regimes such as US NAIC, Bermuda EBS, US GAAP, IFRS and Solvency II
• Financial modeling, pricing and valuation with a focus on base case profitability and stress analysis

What we offer

• Base salary range of $100k to $195k, depending on experience, skills, location and other factors
• Performance-based incentives
• Hybrid work, with at least three days per week in the office