Oliver Wyman Actuarial - Annuities Manager/Senior Manager - Life - Marsh McLennan : Job Details

Oliver Wyman is seeking an experienced Annuities Manager/Senior Manager with 5+ years of experience in the annuities sector. The ideal candidate will have a solid foundation in annuity product development, pricing strategies, regulatory compliance, hedging, and risk management. This role is essential for leading annuity product initiatives and driving growth in our annuities business.

Key Responsibilities

• Lead complex annuity-focused analyses covering a range of topics such as product development, rate setting, assumption benchmarking, hedging, and valuation.
• Own ongoing communication with clients, ensuring their highest satisfaction.
• Ensure technical accuracy and integrity in your work and in the work produced by junior staff.
• Produce executive level management reports and confidently present findings to internal senior leaders, clients and executives.
• Build a strong industry network by demonstrating your expertise and highlighting the unique value Oliver Wyman provides.
• Conduct market research to identify trends and opportunities.
• Foster a collaborative, performance-driven environment that encourages team members to challenge the status quo.
• Promote active knowledge sharing within the team to support continuous learning and improvement.
• Support the professional growth of junior staff by expanding their annuity expertise and enhancing their consulting capabilities.

Qualifications and Desired Skills

• Bachelor's degree in Actuarial Science, Finance, or a related field. Advanced degrees or professional certifications (e.g., FSA, MAAA) are preferred.
• A minimum of 5 years of relevant experience with annuity products, preferably with hands-on involvement in pricing, product development, and/or inforce management.
• Associate of the Society of Actuaries (ASA) or Fellow of the Society of Actuaries (FSA) credentials preferred.
• Knowledge of the annuity market landscape, including key players, trends in product development, product management, and regulatory changes.
• Strong analytical and strategic thinking skills, with an ability to navigate complex problems effectively.
• Demonstrated capability to lead teams and manage multiple workstreams with minimal oversight, from analysis to delivery.
• Excellent communication and interpersonal skills, capable of engaging diverse stakeholders and advocating for strategic initiatives.
• Effective organizational skills with a focus on delivering exceptional results while meeting deadlines in a fast-paced environment.
• Knowledge in financial modeling systems or open-source scripting languages, such as Moody's AXIS, FIS Insurance Risk Suite (formerly Prophet), R, and Python is highly valuable.

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. There are employee groups for: the LGBT+ community, racially and ethnically diverse employees, women, family life, introverts and veterans of military service at Oliver Wyman.

The applicable base salary range for this role is $100,000 to $225,000.

The base pay offered will be determined on factors such as experience, skills, training, location, certifications, educations, and any applicable minimum wage requirements. Decisions will be determined on a case-by-case basis. In addition to the base salary, this position is eligible for meaningful performance-based incentives.

Oliver Wyman offers a performance-based pay program that rewards colleagues for the contributions they make to our business results, including year-end bonuses based on personal and corporate performance. We also offer an impressive array of benefits.