Oliver Wyman Actuarial - Life Senior Manager

Company:

Oliver Wyman

Description:

Senior Manager – Actuarial Consulting, Life Insurance

Job Description

The Actuarial Consulting Practice of Oliver Wyman advises clients across a broad spectrum of actuarial, risk management, and strategic business challenges. Our actuaries combine deep technical expertise with practical business insight to help insurers solve complex problems, improve performance, and navigate an evolving insurance landscape. Our work spans financial reporting, capital management, financial projections, product pricing and development, reinsurance, mergers and acquisitions, external peer reviews, and broader strategic initiatives.

The practice seeks to inspire an entrepreneurial culture that fosters free-flowing ideas, values diversity, and encourages challenges to the status quo. Its colleagues are proud to perform exciting, diverse, and leading-edge work.

As a Senior Manager, you will work directly with Partners, senior client executives, and industry leaders on high-impact engagements. You will serve as the day-to-day leader on complex client projects, bringing strong life insurance financial reporting and capital management expertise while helping clients improve actuarial processes, enhance controls, and leverage automation to deliver more efficient and insightful outcomes.

This role is ideal for an experienced actuary who can independently lead complex engagements with minimal oversight, build trusted advisor relationships with clients, and deliver practical solutions to complex business challenges across North America.

Key Responsibilities

• Lead medium-to-large life insurance client engagements across Canada, the Caribbean and the U.S., with an initial focus on Canadian client needs, including IFRS 17 financial reporting, LICAT capital management, ALM, financial projections, product pricing, mergers and acquisitions, external peer reviews, and other actuarial strategic initiatives.
• Drive project execution by managing scope, resources, timelines, budgets, risks, and deliverables while ensuring high-quality client outcomes, working closely with Partners and Principals.
• Serve as the primary day-to-day point of contact for clients, owning ongoing communication and building confidence through responsive communication, sound judgment, and practical advice.
• 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 trusted relationships with senior client stakeholders through technical credibility, exceptional client service, and a strong understanding of client needs.
• Build a strong industry network by demonstrating your expertise and highlighting the unique value Oliver Wyman provides.
• Stay abreast of industry trends, emerging regulations, and market developments across relevant insurance markets to identify opportunities to deliver value to clients and support practice growth.
• 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.
• Coach and develop consultants through technical mentorship, performance feedback, and day-to-day project leadership.
• Support proposal development, client pursuits, and the development of Oliver Wyman’s intellectual capital, methodologies, and actuarial tools.
• Work in partnership with our management consulting and actuarial practices.

Qualifications and Desired Skills

Required

• Fellow of the Canadian Institute of Actuaries (FCIA) and Fellow of the Society of Actuaries (FSA), or equivalent actuarial credentials.
• 8+ years of actuarial experience in life insurance, consulting, reinsurance, or regulatory organizations.
• Demonstrated expertise in life insurance financial reporting, valuation, financial projections, regulatory reporting, and capital management.
• Deep experience with Canadian life insurance reporting and regulatory frameworks, including IFRS 17, LICAT, and Appointed Actuary-related responsibilities.
• Demonstrated ability to independently lead complex actuarial engagements and deliver high-quality client outcomes with minimal oversight.
• Proven project management experience leading multiple workstreams and cross-functional teams.
• Experience reviewing technical work, coaching junior actuaries, and leading multidisciplinary project teams.
• Excellent analytical, communication, and stakeholder management skills, with the ability to translate complex technical issues into practical business advice for senior client audiences.

Preferred

• Previous actuarial consulting experience.
• Experience working directly with Canadian and/or U.S. life insurers.
• Experience with actuarial modeling platforms and financial reporting tools such as Moody’s AXIS, Moody’s RiskIntegrity, Prophet, or equivalent platforms, and programming tools such as SQL, Python, R, or VBA.
• Active participation in the Canadian Institute of Actuaries, Society of Actuaries, or other professional organizations.

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, disability, ethnic origin, family duties, gender orientation or expression, 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. In accordance with the Accessibility for Ontarians with Disabilities Act, 2005, Marsh will provide a reasonable accommodation to employees and prospective employees to the point of undue hardship upon request and as required in respect of the individual’s particular restrictions and limitations. If you require a specific accommodation because of a disability or medical need, please contact [email protected].

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.