Oliver Wyman Actuarial - Senior Manager - Life Practice

Oliver Wyman; Toronto; Hybrid; CAD 145,000 - 180,000; Full time

Job summary

Oliver Wyman is seeking an accomplished actuary to lead complex life insurance engagements across North America. You will work directly with senior client executives, partners, and practice leaders to deliver practical actuarial solutions and drive capital management improvements.

The role requires deep experience with IFRS 17, LICAT, and financial reporting, with a track record of mentoring junior actuaries and managing multi-workstream projects.

Qualifications

• 8+ years actuarial experience in life insurance, consulting, reinsurance, or regulatory bodies.
• Deep expertise in life insurance financial reporting, valuation, and capital management.
• Strong knowledge of IFRS 17 and LICAT.
• Ability to independently lead complex actuarial engagements.
• Experience coaching junior actuaries and leading cross‑functional teams.

Responsibilities

• Lead life insurance engagements across Canada, the Caribbean, and the U.S.
• Manage scope, timelines, budgets, risks, and deliverables with Partners.
• Serve as day-to-day client contact and build trusted advisor relationships.
• Coach and develop consultants through technical mentorship and project leadership.

Skills

Actuarial leadership

Life insurance expertise

Regulatory reporting

IFRS 17 & LICAT

Project management

Education

FCIA / FSA

Job description

Summary

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.

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

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.

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 more than 6,000 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 www.oliverwyman.com. Follow Oliver Wyman on Twitter @OliverWyman.

Marsh McLennan and its Affiliates are EOE Minority/Female/Disability/Vet/Sexual Orientation/Gender Identity employers.

The applicable base salary range for this role is $145-180k.

The base pay offered will be determined on factors such as experience, skills, training, location, certifications, and 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.

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, visitoliverwyman.com, or follow us onLinkedInandX.

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 [e-mail].

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.