Oliver Wyman Actuarial – Annuities Manager/ Senior Manager – Life

Oliver Wyman; Washington (District of Columbia); Hybrid; USD 100,000 - 195,000; Full time

Job summary

Oliver Wyman, a Marsh business, seeks an experienced Annuities Manager/Senior Manager for its Life practice. The role will lead annuity product initiatives, drive growth, and manage complex analyses with direct client interaction.

The position requires 5+ years in annuities, pricing, product development or inforce management, and strong leadership, communication, and regulatory skills. Hybrid remote work and competitive compensation are offered.

Qualifications

• Bachelor’s degree in Actuarial Science, Finance, or related field; advanced degrees or certifications (e.g., FSA, MAAA) preferred.
• Minimum 5 years’ experience with annuity products; pricing, product development, or inforce management preferred.
• ASA or FSA credential preferred.
• Knowledge of annuity market landscape, trends in product development and regulatory changes.

Responsibilities

• Lead complex annuity-focused analyses (product development, rate setting, hedging, valuation).
• Own ongoing client communication and ensure high client satisfaction.
• Ensure technical accuracy and integrity of work and junior staff output.
• Produce executive-level management reports and present findings to senior leaders and clients.
• Build industry network and highlight Oliver Wyman’s value.
• Conduct market research to identify trends and opportunities.
• Foster a collaborative, performance-driven environment with knowledge sharing.
• Support the professional growth of junior staff by expanding annuity expertise.

Skills

Analytical thinking

Leadership

Communication skills

Regulatory knowledge

Financial modeling

Python

R

Education

Bachelor's degree in Actuarial Science/Finance

ASA or FSA credential preferred

Tools

Moody's AXIS

FIS Insurance Risk Suite/Prophet

R

Python

Job description

Oliver Wyman Actuarial - Annuities Manager/Senior Manager - Life

Remote type: Hybrid

Locations: Atlanta, Boston, Charlotte, Chicago, Hartford, NYC, Seattle

Time type: Full time

Company Overview

The Actuarial Consulting Practice of Oliver Wyman advises clients across a broad spectrum of risk management issues. We are a rapidly growing practice with offices 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.

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 Life Actuarial Practice of Oliver Wyman works with organizations to manage their insurance risks using advanced actuarial and modeling techniques and has employees across over a dozen offices globally.

Job Description

Oliver Wyman is seeking an experienced Annuities Manager with 5+ years of experience in the annuities sector. The ideal candidate will have a solid foundation in annuity product development, pricing strategies, regulatory compliance, hedging, and risk management. This role is essential for leading annuity product initiatives and driving growth in our annuities business.

Key Responsibilities

• Lead complex annuity-focused analyses covering a range of topics such as product development, rate setting, assumption benchmarking, hedging, and valuation.
• Own ongoing communication with clients, ensuring their highest satisfaction.
• 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 a strong industry network by demonstrating your expertise and highlighting the unique value Oliver Wyman provides.
• Conduct market research to identify trends and opportunities.
• 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.
• Support the professional growth of junior staff by expanding their annuity expertise and enhancing their consulting capabilities.

Qualifications And Desired Skills

• Bachelor’s degree in Actuarial Science, Finance, or a related field. Advanced degrees or professional certifications (e.g., FSA, MAAA) are preferred.
• A minimum of 5 years of relevant experience with annuity products, preferably with hands-on involvement in pricing, product development, and/or inforce management.
• Associate of the Society of Actuaries (ASA) or Fellow of the Society of Actuaries (FSA) credential preferred.
• Knowledge of the annuity market landscape, including key players, trends in product development, product management, and regulatory changes.
• Strong analytical and strategic thinking skills, with an ability to navigate complex problems effectively.
• Demonstrated capability to lead teams and manage multiple workstreams with minimal oversight, from analysis to delivery.
• Excellent communication and interpersonal skills, capable of engaging diverse stakeholders and advocating for strategic initiatives.
• Effective organizational skills with a focus on delivering exceptional results while meeting deadlines in a fast-paced environment.
• Knowledge in financial modeling systems or open-source scripting languages, such as Moody’s AXIS, FIS Insurance Risk Suite (formerly Prophet), R, and Python is valuable.

Why Work for Us

The Actuarial Practice of 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. There are employee groups for: the LGBT+ community, racially and ethnically diverse employees, women, family life, introverts and veterans of military service at Oliver Wyman.

The applicable base salary range for this role is $100k to $195k.

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

Oliver Wyman offers a performance-based pay program that rewards colleagues for the contributions they make to our business results, including year-end bonuses based on personal and corporate performance. We also offer an impressive array of benefits. Explore all the benefits offered at .

For more information, please visit our website at www.oliverwyman.com/actuaries.

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, veteran status (including protected veterans), or any other characteristic protected by applicable law. If you have a need that requires accommodation, please let us know by contacting [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.