Oliver Wyman - Entry-Level Consultant - Actuarial – 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 exemplifies our commitment to relationships built on trust, responsiveness, and clear communication.

Oliver Wyman is currently growing its Actuarial department and seeking Actuaries (partially or fully qualified) 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 McLennan organisations.

Potential Projects

• 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 annuity product development including modelling, valuation analysis and strategy support.
• Mergers & acquisitions due diligence including 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 McLennan 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.
• 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.