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.

Job Description

Oliver Wyman is seeking a talented Senior Principal with a proven track record leading life insurance product development and pricing initiatives. The ideal candidate will bring expertise in all aspects of the life insurance product development lifecycle, including product development, pricing strategies, regulatory compliance, as well as working with sales,



distribution and other critical business development areas. The candidate will play a key role in growing Oliver Wyman’s footprint as a premier life insurance product development consulting services , by sourcing new projects and client relationships as well as delivering excellent work product.

Projects and responsibilities include but are not limited to the following:

Be one of the firm’s staff with deepest subject matter expertise of life insurance product development and pricing

Develop current or foster existing client relationships with a focus on clients leading life insurance sales and innovation

Lead or participate in client business development meetings and develop proposals related to any life insurance related topic

Review, analyze, and critique financial projections of life insurance products

Provide thought leadership, including oversight and/or creation of intellectual capital

Develop and present client and industry presentations, surveys, case studies

Provide SME support for life insurance mergers & acquisitions and block reinsurance transactions

Work in partnership with our management consulting and strategy practice regarding life insurance products

Requirements:

FSA with 12+ years of professional experience

Robust life insurance product development experience, including but not limited to: developing pricing models,



filing new products, managing non-guaranteed elements, developing creative features for life insurance products, working with sales and distribution partners, experience with illustration, filing requirements and regulatory compliance

Expert-level understanding of Term, Whole Life, UL(SG), IUL, and VUL product pricing and monitoring is preferred;

Expert-level understanding of innovation in the sales process to consumers, including accelerated underwriting expertise and MLM programs is preferred

Expert-level understanding of illustration systems and requirements (especially for IUL illustrations) a plus

Knowledge of final expense, preneed, COLI/BOLI and life adjacent products helpful

Knowledge of financial modeling systems

Strong project management and project team leadership skills

Ability to manage and develop staff

Strong written and oral communication skills

Strong skills with the Microsoft Office suite

Advantages:

Leadership role within a growing and dynamic consulting practice

Stimulating work from providing value added services to clients

Competitive compensation (base salary and annual bonus)

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

📌 Oliver Wyman Actuarial (Toronto)
🏢 Marsh
📍 Toronto