Actuary - Senior Consultant – UK Life

Oliver Wyman; Greater London; On-site; GBP 50,000 - 70,000; Full time

Job summary

A leading consulting firm in London is seeking an experienced Actuary to join their growing UK team. You will analyze complex problems, develop innovative solutions, and engage with significant clients across financial services. Ideal candidates should have a degree in a related field and a minimum of 3 years actuarial experience. The role offers a dynamic environment with opportunities for leadership and collaboration.

Benefits

Global entrepreneurial environment

Flexible career paths

Collaboration opportunities

Qualifications

• Minimum 3 years of relevant Life Insurance actuarial experience.
• Either part or fully qualified actuary (FIA or equivalent).
• Strong modelling skills with practical experience in at least one coding language.

Responsibilities

• Collaborate on client projects within the Actuarial Practice.
• Analyse complex problems and develop innovative actuarial solutions.
• Participate in transformation of actuarial data and processes.

Skills

Actuarial Science

Mathematics

Statistics

Finance

Analytical skills

Communication skills

Leadership

Education

Bachelor’s or Master’s degree in related field

Tools

R

Python

Job description

Overview

Office: London

Oliver Wyman is a global leader in management consulting. The Actuarial Practice provides customised actuarial services and strategic insight, supporting clients to exceed their business objectives. The team is growing in the UK and seeks Actuaries (partially or fully qualified) to join the UK team, working closely with our wider management consulting and actuarial teams across Europe and other regions to independently analyse complex problems and develop innovative solutions.

Job Description

You will work alongside Oliver Wyman’s industry leaders and experienced consultants while contributing to a broad range of client projects. You will gain industry exposure with clients including top tier insurance companies, reinsurance companies, investment banks, law firms, regulators, and private equity firms. You will have the opportunity to take initiative and lead on new ideas, leveraging the wider Oliver Wyman and Marsh McLennan networks.

Responsibilities

• Collaborate with industry leaders and consultants on a broad range of client projects within the Actuarial Practice.
• Analyse complex problems and develop innovative actuarial solutions for clients.
• Lead on new and emerging ideas and contribute to client proposals and delivery.
• Engage with clients across insurance, reinsurance, financial services, and related sectors.
• Participate in transformation of actuarial data and processes, system integration, analytics, and reporting.
• Contribute to development and maintenance of intellectual capital and adoption of data science techniques.

Skills and Qualifications

• Bachelor’s or Master’s degree, preferably in Actuarial Science, Mathematics, Statistics, Finance or a related field
• Minimum 3 years of relevant Life Insurance actuarial experience
• Either part or fully qualified actuary (FIA or equivalent)
• Knowledge of finance and/or risk management topics, including Solvency II internal models, ORSA and IFRS 17
• Strong modelling skills with practical experience in at least one coding language (e.g., R, Python) would be preferred but not essential
• Understanding of the insurance industry and client challenges
• Highly motivated, proactive, and able to work in a dynamic environment
• Strong analytical and communication skills
• Self-starter with initiative and leadership when appropriate
• Experience in reinsurance, capital, and M&A projects is highly desirable

Why Work at Oliver Wyman

We offer a global, entrepreneurial environment with meaningful work from day one, built-in support networks, flexible career paths, and opportunities to collaborate across the Marsh McLennan network.

Values & Culture

Be brave: Stand behind beliefs, explore new possibilities, and persevere through difficulty. Venture into the unknown while staying open to possibilities.

Lead with heart: Build relationships with clients and colleagues based on transparency, authenticity, and trust; combine passion with rigor to deliver sustainable performance.

Strive for breakthroughs: Bring deep expertise and curiosity, seek diverse perspectives, and pursue powerful, sustainable insights.

Work as one: Succeed as a united team, care for and develop one another, learn from differences, and celebrate shared achievements.

Own your impact: Act as entrepreneurs and stewards, uphold integrity, and deliver stronger results for clients and colleagues and lasting change for society.

Oliver Wyman is an equal opportunity employer. Our commitment to diversity is genuine, deep and growing.

Employment details

• Seniority level: Not Applicable
• Employment type: Full-time
• Job function: Other

Note: This description reflects current expectations for the role and is subject to change without notice.