Oliver Wyman Actuarial Practice Role
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 more than 5,700 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.
The Actuarial Practice of Oliver Wyman 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 casual.
This role could be assigned to support the Health Care or NAPAC Life Practices. The Health Care practice includes traditional actuarial services, such as the estimation of premium rates and claim liabilities, and high-level strategic advice to insurers, health care providers, government agencies, law firms and regulators.
The NAPAC Life Practice includes product design and pricing, stochastic modeling of risks, embedded value determination, actuarial peer review, capital modeling and allocation, as well as Appointed Actuary work.
This role is a full-time 40 hours per week role. This is a hybrid role that requires a presence in the office 3 days per week. There is no option to be fully remote.
Key Responsibilities
Practice/Project Support
- Assist with Practice events organization such as meetings, off-sites, conference calls
- Assist Practice Leader with agenda setting
- Coordinate material needed, take meeting minutes and send out to participants
- Coordinate Kick Off meetings, project meetings and internal meetings including team updates, case reviews and YERs
- Key contact for Partners, Finance and Legal on Contracts & Invoices
- Provide support on document formatting and proposal handling
- Assist the Deputy Chief of Staff with onboarding and offboarding of new NAPAC Life staff
- Support revenue contribution distribution process including gathering data, updating templates and distributing final summaries
- Support weekly time tracking for reconciliation/utilization reports
- Maintain key practice documents such as org charts, head count and bill rate file
- Manage and maintain the practice calendar including coordinating recurring practice meetings such as leadership team meetings and all-staff calls
- Take meeting notes for weekly all-staff calls
- Manage the shared practice drive ensuring documents are current, clearly named and organized for easy access
- Maintain templates and trackers for repeatable process (onboarding templates, etc.)
- Gather and update information for quarterly OWA newsletter
- Track key dates and deadlines (e.g. survey windows, time entry, performance review cycles, etc.)
- Provide administrative support for internal initiatives and practice-wide projects led by the Deputy Chief of Staff or Chief of Staff.
Business Development/Practice Client Development
- Point of contact for all clients and Oliver Wyman departments on behalf of Practice (Group)
- Assist with organization of all Practice Client events in collaboration with Events, Marketing and Practice Partners
- Develop deep understanding of Practice products and services in support of business development efforts
- Understand each supported Partners business goals and help to push them forward
- Develop excellent rapport with client assistants to facilitate access to senior leaders with existing and prospective clients
- Work with assigned Partners to tier contacts (clients and prospects) and proactively coordinate outreach based on Partner preference
- Review marketing campaigns and determine targeted follow-up
Talent Management
- May liaise with talent managers on staffing on behalf of Practice to ensure consultants are assigned to right project
- Assist with onboarding of all new Practice joiners (Partners, Principals, consultants)
Support & Coverage
- Provide executive assistant support to 1-2 Partners
- Maintain diaries for Partners, scheduling internal and external meetings, communicating with clients and internal staff as appropriate
- Proactively spot opportunities to add internal and external meetings, interviews, staff meetings, follow up meetings
- Coordinate travel and accommodation
- Single point of contact for all assigned Partners administrative needs including security access, conference room booking, catering orders
- Liaise with other support departments (DTP requests, printing, recruiting and finance)
- Enter and manage contacts and opportunities in Salesforce
- Prepare timesheets for each assigned Partner
- Prepare all expense reports and/or delegate to a team assistant when necessary
- Provide coverage for EAs who are out of the office
- Provide training to new joiners on specific topics (calendaring, travel, timesheet & expenses, coverage)
Experience Required
- 5+ years as Executive Assistant at OW or Executive Assistant II
Skills & Attributes
- Problem solver
- Strong service focus
- Excellent communicator; Good networker
- Good judgment; Able to maintain and respect confidentiality
- Sense of urgency and able to make good decisions under pressure
- Self-starter
- Able to manage a heavy work volume and meet deadlines
- Organized and excellent attention to details
- Collaborative and team player, positive attitude
- Flexible and able to adapt to change
Technical Skills
- Strong Word, PowerPoint, Excel and Outlook skills
- Advanced Knowledge of Salesforce preferable
- Review Partners contact lists and proactively identify opportunities for business development meetings to optimize scheduled travels
The applicable base salary range for this role is $85,000 to $110,000. The base pay offered will be determined on factors such as experience, skills, training, location, certifications, education, and any applicable minimum wage requirements. Decisions will be determined on a case-by-case basis. In addition to the base salary, this position may be eligible for performance-based incentives. We are excited to offer a competitive total rewards package which includes health and welfare benefits, tuition assistance, 401K savings and other retirement programs as well as employee assistance programs.