Oliver Wyman - Entry-Level Consultant - Actuarial – London

Oliver Wyman Actuarial – Actuarial positions – UK

Office: London

Company Overview

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 continuing to grow its Actuarial team and seeking individuals with intent to train to become Actuaries 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.

Job Description

As a new Actuarial Consultant, 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 on new and emerging ideas, leveraging the wider Oliver Wyman and Marsh organisations.

Potential projects may include (across both Life and P&C initially):

• 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 P&C, life and retirement product development including modelling, valuation analysis and strategy support

• Mergers & acquisitions due diligence including actuarial 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

• 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

• Commitment to passing actuarial exams to achieve FIA designation within a few years, and then continued commitment to maintain membership to the Institute and Faculty of Actuaries

• Strong skills with MS Office – including Excel, Word and PowerPoint

• Aware of and ability to make use AI tools

• Strong modelling skills with practical experience in at least one coding language (e.g., R, Python) would be preferred but not essential

• 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 the ability to work effectively in a team setting

• Deep critical-thinking skills and problem-solving ability

• Highly motivated individual and willingness to work in a dynamic environment

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. For more information, visit oliverwyman.com, or follow us on LinkedIn and X.

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.

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.

Marsh is committed to hybrid work, which includes the flexibility of working remotely and the collaboration, connections and professional development benefits of working together in the office. All Marsh colleagues are expected to be in their local office or working onsite with clients at least three days per week. Office-based teams will identify at least one “anchor day” per week on which their full team will be together in person.