Oliver Wyman Actuarial – Senior Manager – Property & Casualty

Company Overview

Office/Regions available:
Chicago or Midwest; other office/regions will be considered.

Reports to:

Region Leader.

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 globally. Our actuaries hold the highest professional qualifications and are nationally recognized experts in their field(s). We use mathematical and statistical modeling skills and 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.

Oliver Wyman is searching for an experienced actuary to join our Property & Casualty Actuarial Consulting Practice as a Senior Manager.

This candidate will lead a team of consultants and analysts, overseeing projects of various sizes and complexities to develop workable solutions for our clients. Clients include large corporations, captive insurance companies, state regulators, and P&C insurance companies.

• Manage a wide range of projects, primarily focused on loss reserving with additional projects including pricing/rate making, predictive modeling, economic capital modeling, and warranty and loyalty rewards programs.
• Demonstrate autonomy and minimal principal involvement while managing workload; serve as the primary point of contact for day‑to‑day project management and client communications; potentially serve as a subject‑matter expert for specific project work.
• Review peers’ work, ensuring technical accuracy and integrity on a wide variety of analyses, templates, and exhibits.
• Help manage training, development, and mentoring of junior staff on project teams.
• Create presentations and written reports to present findings and solutions to clients.
• Serve as a driving contributor in client meetings as warranted.
• Maintain strong client relationships for further business development activities, including the preparation of proposals and presentations for prospective clients.

• Bachelor’s or Master’s degree in Actuarial Science, Mathematics, Statistics, Economics, Finance, or related field.
• Extensive actuarial experience in the property & casualty industry, either consulting, with an insurance company, or a combination of the industries.
• ACAS or FCAS actuarial credential.
• Strong organizational skills with the ability to prioritize and oversee multiple projects in a demanding work environment.
• Advanced analytical skills with the ability to address complex client‑oriented problems.
• Excellent interpersonal skills; strong oral and written communication abilities.
• 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 deliverables in an extremely fast‑paced environment.
• Highly motivated self‑starter, showing strong initiative, confidence, and the ability to lead a team.
• Deep critical‑thinking skills and problem‑solving ability.
• Advanced proficiency and command of Microsoft Office, Excel, Word, and PowerPoint.
• Experience with R, SAS, SQL, VBA or other programming languages is preferred.

We provide a competitive compensation and benefits package, including a performance‑based bonus, an Actuarial Study Program, and a supportive and flexible work environment. We foster a safe and inclusive environment, respect and welcome different perspectives, promote an ownership culture, and celebrate successes and rewarding performance.

We are an equal‑opportunity employer. We are 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 rea

The applicable base salary range for this role is $145,000 – $234,000. 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 is eligible for meaningful performance‑based incentives.