Oliver Wyman – Manager – Actuarial P&C

2 weeks ago

Mumbai, Maharashtra, India Oliver Wyman Group Full time

Oliver Wyman – Manager – Actuarial P&C

Office/Regions available: Mumbai, India

Company Overview

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 casualty.

The Actuarial Practice of 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 ConsultingPractice assists insurance companies, self-insured corporations, government entities and other organizations with all aspects of managing property and casualty insurance exposures. We guide clients by analyzing their risk and loss exposures qualitatively and quantitatively, 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 P&C Manager

Office/Regions available: Mumbai, India

Oliver Wyman is currently seeking candidates for Actuarial P&C Manager to join our growing GlobalProperty & Casualty Actuarial Consulting Practice . This position requires the candidate to work closely with our consultants, analysts, and other colleagues to analyze complex problems and develop workable solutions for our clients, which include large corporations, captive insurance companies, insurance regulators, and P&C insurance companies. The candidate will have significant interaction and visibility with Oliver Wyman's exciting and diverse client portfolios.

Primary responsibilities include:

  • Primary focus on loss reserving and additional projects include ratemaking, predictive modeling, economic capital modeling, and claims model development using advanced analytics, GLM and ML techniques
  • Manage projects with minimal principal involvement, serving as day-to-day project point person and effectively managing client communications
  • Review the work of junior staff, ensuring technical accuracy and integrity on a wide variety of analyses, templates and exhibits
  • Support training, developing and mentoring of analysts on project teams to aide in their career growth
  • Prepare production of exhibits and written reports to present findings to clients
  • Attend and participate in client meetings as required
  • Develop and maintain strong relationships for business development activities, including assisting in the preparation of proposals and presentations for prospective clients

Skills and Experience

  • BA/BS, or MS degree in Actuarial Science, Mathematics, Statistics, Economics, Finance, or related field
  • 8+ years of actuarial experience in the property & casualty industry, with a preference for prior actuarial consulting experience
  • Actuarial credentials, or significant progress and nearing completion
  • Strong organizational skills with an ability to prioritize and oversee multiple tasks in a demanding work environment
  • Excellent analytical abilities with the ability to develop client-oriented solutions
  • Excellent interpersonal skills; strong oral and written communications skills
  • Understanding of the value of collaboration and the ability to work effectively in a team setting
  • Ability to manage a heavy work volume and meet deadlines in an extremely fast paced environment
  • Self-starter, strong initiative, confidence and ability to work with little guidance
  • Deep critical-thinking skills and problem-solving ability
  • Highly motivated individual and willingness to work in a dynamic environment
  • Strong command of Microsoft Office, Excel, Word, and PowerPoint, etc.
  • R, SAS, SQL, or VBA experience a plus

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.

We provide a competitive compensation and benefits package, including a performance-based bonus, and a supportive and flexible work environment.

For more information, please visit our website at

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 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 and embrace diversity of age, background, caste, 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.

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