Oliver Wyman Actuarial, P&C Team - Capital Modellers wanted (all levels)

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 investments, and management consulting, advising clients in 130 countries. With annual revenue of over $27 billion and more than 95,000 colleagues, 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. 

The Actuarial Practice of Oliver Wyman, a Marsh business, advises clients across a broad spectrum of risk management issues. We are a rapidly growing group with offices expanding 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.

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 at reasonableaccommodations@mmc.com.

Marsh is committed to hybrid work, which includes the flexibility of working remotely and the collaboration, connections and professional development benefits of working together in the office. All Marsh colleagues are expected to be in their local office or working onsite with clients at least three days per week. Office-based teams will identify at least one “anchor day” per week on which their full team will be together in person.