Actuarial Consultant

1 month ago


London, Greater London, United Kingdom Oliver Wyman Full time

Oliver Wyman is a global leader in management consulting, with a strong presence in the UK P&C market. We are currently seeking an Actuarial Analyst to join our team in London.

The successful candidate will 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.

Key responsibilities will include:

  • Independent reserve reviews, process transformation and automation initiatives, methodology reviews and customisable reserve implementations
  • 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
  • IFRS 17 and Solvency II support, as well as independent expert roles
  • Capital and financial reporting, leveraging the tools available and developed by Oliver Wyman globally; this will also cover capital optimisation and understanding of the latest regulatory changes
  • 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
  • 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

Requirements:

  • Bachelor's or Master's degree, preferably in Actuarial Science, Mathematics, Statistics, Finance or a related field
  • Minimum 2 years of relevant Property & Casualty actuarial experience for Consultant and at least 5 for Senior Consultant and above
  • Either part or fully qualified actuary (FIA or equivalent)
  • Knowledge of finance and/or risk management topics, including technical aspects such as Solvency II internal models, ORSA and IFRS 17
  • SAO Signing certificate or knowledge of the SAO year end process
  • Lloyds of London Capital Requirements
  • Strong modelling skills with practical experience in at least one coding language (e.g., R, Python) would be preferred
  • 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

At Oliver Wyman, we offer a dynamic and supportive work environment, with opportunities for career growth and development. We are committed to diversity and inclusion, and we welcome applications from candidates from diverse backgrounds.


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