Oliver Wyman - Entry-Level Consultant - Actuarial – London

Company: Oliver Wyman Description: 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.

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