About the role
Company: Oliver Wyman Description: Office: London (hybrid)
At Oliver Wyman
Actuarial
- ,
- we’re
- passionate about shaping the future of the P&C insurance industry with bold ideas and innovative solutions. Join a global team of
- actuarial
- experts where your skills will be valued, your career ambitions supported, and your impact felt across markets worldwide. Together,
- we’ll
- tackle complex
- business and actuarial
- challenges , drive transformation, and create lasting value for our clients and communities.
- Our capital work pipeline is booming with
- some of the most exciting projects in the P&C market!
- We are looking for talented professionals to
- bring their
- expertise
- and help shape
- the future with us.
Come and
join us.
Who we are
- 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’s Actuarial department is rapidly expanding in the UK and is seeking P&C Actuaries (partially or fully qualified) to join our growing UK team. This is a rare opportunity to be part of a
- bespoke
- UK consultancy with big ambitions, and the chance to help build the local business while working within a hugely successful global P&C practice.
- This position will require the candidate to work closely with our actuarial teams across Europe and potentially other regions, to independently analyse complex problems and develop innovative solutions for our clients. Our Data & Analytics experts are at the forefront of developing advanced predictive modelling and technological solutions and are working closely with our actuarial teams to deliver innovative solutions in the areas of claims,
- analytics
- and data visualisation for insurers.
What you will do
You will work alongside, and learn from , Oliver Wyman
Actuarial
- 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 and lead on new and
- emerging
- ideas,
- leveraging
- the wider Oliver Wyman and Marsh organisations.
Potential projects may include
Wide
- variety of capital -related
- work, ranging from internal model
- design ,
- implementation ,
- validation
- and documentation .
- S upport
- on
- important
- regulatory
- capital
- projects
- including
Internal Model Approval Process (IMAP) applications
- and
- major model change s , as well as bespoke , specialist
- support for small and large entities
- across
- many geographical regions and regulatory
- regimes. Includes Lloyd’s, UK
- & European
- insur ance
- carriers
- and
- other growing insurance markets
- globally .
- Capital and financial reporting,
- leveraging
the tools available and developed by Oliver Wyman globally
.
Opportunity to get involved in wider actuarial consulting
support working with Oliver Wyman Actuarial in the UK and overseas, plus our colleagues in
the wider
Marsh
group
Types of work
could
include:
Independent reserve reviews, plus
- AI
- process transformation and automation initiatives,
- methodology
- reviews
- and customisable reserve implementations
- Development and maintenance of intellectual capital, including involvement with the latest data science techniques and
- cutting-edge
- methodologies from quantitative finance
- M&A due diligence work, including management support and strategy, model build, and development of projected UK statutory distributable earnings and future new business value
- Risk management and support, including validation, risk appetite
- reviews
- and oversight, as well as emerging practice on climate risk
- Actuarial model conversions and optimisation (Reserving, Pricing, Capital)
- Client and industry presentations, surveys, case studies and wider marketing support and business development including managing proposals,
- tenders
- and other stakeholder management
- Supporting other business lines within the Marsh
- group
- as we continue to build integrated solutions for our clients
What you will bring
Bachelor’s or Master’s
degree, preferably in Actuarial Science, Mathematics, Statistics,
Finance
or a related field
Minimum
- 3
- years of relevant Property & Casualty actuarial experience ,
- especially
Capital Modelling
Newly/nearly
- qualified
- actuary (FIA or equivalent)
- preferred
- Knowledge of finance and/or risk management topics, including technical aspects such as Solvency II internal models, ORSA and IFRS 17
- Strong modelling skills with practical experience in at least one coding language (e.g., R, Python) would be preferred
Knowledge of
- Lloyd ’ s of London Capital Requirements
- Understanding of the insurance industry and the challenges faced by our clients
- Highly motivated and willing to work in a dynamic environment
- Strong background in problem-solving with demonstrable analytical skills
- Outstanding written and oral communication in both formal and informal settings
Self-starter, strong
initiative
and the ability to take the lead where appropriate
Why join us at Oliver Wyman?
- Working as part of our
- global,
- entrepreneurial company, you will do meaningful work from day one.
We lead with heart -
we love what we do and have fun while we do it! We also
strive for breakthroughs
by questioning, seeking diverse perspectives, and finding powerful and sustainable solutions
.
If you share these values and want to
work as one and own our impact at the same time, be brave
and achieve the amazing with us!
Oliver Wyman Actuarial (OWA) is a global, independent practice (free from audit responsibilities) specializing in innovative actuarial solutions for complex, business challenges. With deep
expertise
in actuarial analytics, artificial intelligence, and product innovation, OWA empowers organizations with integrated, forward-looking
strategies that deliver measurable impact.
As a business of Marsh, we work alongside the world’s leading experts across risk, reinsurance and capital, people and investments, and management consulting. Together with Marsh Risk, Guy Carpenter, and Mercer, we help organizations build resilience and competitive advantages from every angle. With
annual revenue of $27 billion and more than 95,000 colleagues in 130 countries, 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 .
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
.
Oliver Wyman is a business of Marsh (NYSE: MRSH), a global leader in risk, reinsurance and capital, people and investmen