at Marsh & McLennan Cos in Chicago, Illinois, United States
Job Description
Oliver Wyman - Senior Principal - Actuarial P&COffice/regions available: Atlanta, Charlotte, Chicago, Dallas, Houston, Nashville; other offices may be considered
Company Overview
The Actuarial Consulting Practice of Oliver Wyman advises clients across a broad spectrum of risk management issues. We are a rapidly growing practice with offices 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.
Oliver Wyman provides customized 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.
The Property and Casualty Consulting Practice assists insurance companies, self-insured corporations, government entities and other organizations with all aspects of managing property and casualty insurance exposures. We guide P&C clients on their qualitative and quantification of risk and loss exposures, and offer advice on a range of issues, from external business strategy and internal risk management to economic capital modeling and new product development.
Job Description
Job Title: Actuarial Property and Casualty Senior Principal
Office/Regions: Atlanta, Charlotte, Chicago, Dallas, Houston, Nashville; other offices may be considered
The Property and Casualty (P&C) Actuarial Practice is expanding! Oliver Wyman is seeking a Senior Principal, a leadership opportunity that will be called to help grow the business and become an integral part of strategy and direction. Reporting to Oliver Wyman's P&C Partners and the Practice Leader, the successful candidate will evaluate and leverage the Practice's current capabilities as a robust and industry leading P&C consulting firm, to identify business development opportunities in new and existing markets and to contribute to a broad range of client projects, including global and US projects. The Sr. Principal will play a key role in the sourcing and delivery of projects for Oliver Wyman's clients, which include top tier insurance companies, reinsurance companies, investment banks, law firms, regulators, and private equity firms. This position will focus on identifying market opportunities, developing a strong network and formulating a plan with leadership for client engagement.
Potential projects and responsibilities may include:
- Leading and managing relationships with new Oliver Wyman clients, including identifying and executing cross-selling opportunities
- Oversight of large or multiple client engagements - including project scheduling, process implementation and client relationship management
- Lead business and market development efforts, including identifying opportunities, reaching out to prospective clients, developing relationships and developing proposals
- Provide thought leadership, including oversight and creation of intellectual capital
- Collaborate with Oliver Wyman P&C staff around all relevant projects
- Drives project management best practices and provides timely direction and guidance to ensure client deadlines and service standards are met or exceeded
- Client and industry presentations, surveys, case studies
- Work in partnership with our management consulting and strategy practice
- Operating with a high degree of personal responsibility and accountability for the maintenance of a portfolio of clients
Qualifications and Desired Skills
- Bachelor's and/or Master's degree in Actuarial Science, Mathematics, Statistics, Finance or a related field
- FCAS actuarial credentials or equivalent, with ten+ years of experience
- Highly knowledgeable on the insurance and reinsurance industry in global markets, with the ability to spot trends, implement best practices, and comply with regional regulatory requirements
- Strong business acumen, with the ability to develop and execute a strategic plan, manage financial performance, and drive business development
- Strong leadership skills, with the ability to inspire and mentor staff, and contribute to the overall development and growth of the practice
- Proven record of managing a team, and delivering against tight deadlines in fast-paced, demanding environments
- Excellent communication and interpersonal skills, with the ability to build relationships with clients, colleagues, and industry stakeholders alike
- Ability to foster a culture of inclusiveness, innovation, and continuous improvement within the practice and across the broader organization
- Willingness to travel as needed to support client engagements and business development activities
- Knowledge of the financial modeling systems and local financial accounting regulations in the region
Why Work for Us
The Actuarial Practice of Oliver Wyman seeks to invest in its people by fostering a safe and inclusive environment, respecting and welcoming different perspectives, promoting an ownership culture, providing opportunities for individuals to develop their personal brand, and celebrating successes and rewarding performance.
Oliver Wyman offers a performance-based compensation program that rewards colleagues for the contributions they make to our business results, including year-end bonuses based on personal and corporate performance.
About Oliver Wyman
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 specialized expertise in strategy, operations, risk management, and organization transformation. The firm has 7,000 professionals around the world who work with clients to optimize their business, improve their operations and risk profile, and accelerate their organizational performance to seize the most attractive opportunities. Oliver Wyman is a business of Marsh McLennan [NYSE: MMC]. For more information, visit www.oliverwyman.com. Follow Oliver Wyman on X @OliverWyman.
Marsh McLennan is committed to embracing a diverse, inclusive and flexible work environment. We aim to attract and retain the best people regardless of their sex/gender, marital or parental status, ethnic origin, nationality, age, background, disability, sexual orientation, gender identity or any other characteristic protected by applicable law. If you have a need that requires accommodation, please let us know by contacting TANA@mmc.com.
