Oliver Wyman Actuarial – Life/Annuities Manager

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

Benefits offered by this job

Performance-based incentives

Inclusive work environment

Training and development opportunities

Job summary

A global consulting firm located in Washington, DC, is seeking an Actuarial Modeling Manager who will develop and validate actuarial models, manage valuation outputs, and communicate effectively with clients. Candidates should have a Bachelor’s degree in Actuarial Science or related fields, alongside 5+ years of relevant experience. The firm promotes an inclusive workplace and offers a competitive salary package ranging from $100k to $195k, supplemented by performance-based incentives and diverse benefits.

Qualifications

• A minimum of 5 years of relevant experience with Life and/or annuity products.
• Strong analytical and strategic thinking skills to navigate complex problems.
• Excellent communication and interpersonal skills to engage diverse stakeholders.

Responsibilities

• Develop, test, validate, and document actuarial models.
• Produce monthly valuation outputs and lead assumption-setting analysis.
• Ensure technical accuracy and integrity in work and junior staff outputs.
• Build and maintain actuarial models in various software.

Skills

Analytical skills

Strategic thinking

Team leadership

Communication skills

Organizational skills

Education

Bachelor’s degree in Actuarial Science, Finance, or a related field

Advanced degrees or professional certifications (e.g., FSA, MAAA)

Tools

Moody's AXIS

FIS Insurance Risk Suite

R

Python

Job description

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.

Job Description

Seeking an experienced Actuarial Modeling Manager with deep experience in capital modeling, valuation (economic balance sheet / EBS), SBA/BM A scenario-based reserving, LDTI model validation, pricing, and regulatory reporting. The successful candidate will develop, test, validate, and document actuarial models, produce monthly valuation outputs, lead assumption‑setting analysis, and coordinate stakeholders across product, finance, and regulatory teams.

Key Responsibilities

• 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.
• Expand, build and maintain Actuarial models in various software including, but not limited to (ALFA, GGY Axis, Moses, Prophet,) (ALM / SBA / reserve models).
• Coordinate information gathering and communications for regulatory templates (e.g., BSCR, BMA templates) and Appointed Actuary memoranda.
• Providing technical and subject matter expertise on Bermuda regulations (BSCR/SBA/amendments), reinsurance structuring and capital solutions, industry trends, emerging changes, and other general actuarial topics.
• Support clients on business‑as‑usual activities including recurring financial and actuarial analysis, management reporting, process execution, and coordinate across stakeholders to maintain effective ongoing operations.
• Work in partnership with our management consulting and actuarial practices.

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 Life and/or 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.
• 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.

Compensation and Benefits

Applicable base salary range for this role is $100k to $195k. Base pay will be determined based on factors such as experience, skills, training, location, certifications, education, and any applicable minimum wage requirements. 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 contributions to business results, including year‑end bonuses based on personal and corporate performance. The position is eligible for an impressive array of benefits.

Legal Statements

Oliver Wyman is committed to providing equal employment opportunities for all employees and applicants. Oliver Wyman does not discriminate on the basis of race, color, religion, sex, national origin, age, gender, or disability. The company is a protected veteran. If you have a need that requires accommodation, please let us know by contacting [e-mail].