Oliver Wyman Actuarial – Life Insurance… at Marsh McLennan · 2…

Oliver Wyman Actuarial – Life Insurance Principal

Location: New York - 1166 · Hybrid

Company:

Oliver Wyman

Description:

Company Overview

The Actuarial Consulting Practice of Oliver Wyman advises clients across a broad spectrum of risk management issues. We are a large and established 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 client and employee retention exemplify our commitment to relationships built on trust, responsiveness and clear communication. The US 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.

Summary

We are seeking a senior actuary to join our litigation and advisory practice as an Expert Witness Actuary supporting insurance and reinsurance disputes. The successful candidate will produce independent, defensible actuarial opinions, prepare court-ready expert reports, and provide deposition and hearing testimony. This role requires deep technical expertise in liability valuation, reserving, pricing and complex product design, strong model governance skills, and proven ability to work with outside counsel under tight deadlines.

Responsibilities

• Prepare independent expert reports, affidavits, and exhibits that clearly document assumptions, methodology, and results for use in litigation, arbitration, and regulatory matters.
• Provide expert witness and deposition testimony; explain technical findings to judges, arbitrators, juries, and attorneys.
• Perform and oversee actuarial analyses relevant to disputes, including deterministic and stochastic cashflow modeling, sensitivity analyses, and experience studies.
• Independently review and validate opposing-party valuations, reserving methods, model implementations, and assumption choices.
• Ensure reproducibility and maintain complete audit trails and documentation of models and analyses used in expert opinions.
• Collaborate closely with outside counsel and internal subject-matter experts to align technical work with legal strategy and discovery requirements.
• Advise clients on settlement drivers, regulatory exposures, capital impacts, and reinsurance/retrocession implications.
• Mentor and supervise actuarial staff contributing to expert engagements; maintain high standards of quality control and peer review.
• Keep abreast of actuarial standards of practice, relevant legal precedents, and regulatory developments affecting insurance/reinsurance disputes.

Qualifications

• Bachelor’s degree in Actuarial Science, Mathematics, Statistics, Finance, or a related quantitative field.
• ASA or FSA (or equivalent) required.
• Minimum 10+ years of actuarial experience in life insurance, annuities, or reinsurance with strong background in liability valuation, reserving, and pricing.
• Prior experience in senior in-house actuarial roles (e.g., Chief Actuary, SVP) and/or consulting preferred.
• Demonstrated experience with variable annuities, equity guarantees, or other complex life/annuity products is highly desirable.
• Proficiency in reserving, valuation frameworks (statutory, GAAP/IFRS), experience studies, and stochastic modeling.
• Strong model development, validation, and documentation skills; familiarity with actuarial platforms (e.g., Prophet, GGY) is advantageous.
• Ability to produce reproducible analyses and maintain full audit trails suitable for legal scrutiny.
• Experience preparing expert reports and working with outside counsel; prior deposition/testimony experience highly desirable.
• Comfort translating complex technical material into clear, defensible findings for legal audiences.
• Excellent written and verbal communication skills; ability to present to non-technical audiences (judges, juries, executives).
• Track record of mentoring staff, leading technical teams, and delivering high-quality work under tight deadlines.
• Demonstrated independence, integrity, and adherence to actuarial standards of practice and ethical guidelines required for expert testimony.

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 $185k -270k.

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.

We are excited to offer a competitive total rewards package which includes health and welfare benefits, tuition assistance, 401K savings and other retirement programs as well as employee assistance programs.

Oliver Wyman, a business of Marsh McLennan (NYSE: MMC), is a management consulting firm combining deep industry knowledge with specialized expertise to help clients optimize their business, improve operations and accelerate performance. Marsh McLennan is a global leader in risk, strategy and people, advising clients in 130 countries across four businesses: Marsh, Guy Carpenter, Mercer and Oliver Wyman. With annual revenue of $24 billion and more than 90,000 colleagues, Marsh McLennan helps build the confidence to thrive through the power of perspective. For more information, visit oliverwyman.com, or follow on LinkedIn and X.

The Actuarial Practice of Oliver Wyman 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 McLennan 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 reasonableaccommodations@mmc.com.

Marsh McLennan 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 McLennan 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.

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, 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 reasonableaccommodations@marsh.com.

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.