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Marsh McLennan

Oliver Wyman Actuarial - Consultant - Life Practice

Toronto, ON, Canada

Full-time

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Job details

Job type: Full-time
Experience: ·ASA to FSA with at least 4+ years of professional experience
Posting language: English
Posted: Nov 5, 2026

Original job description

Company:

Oliver Wyman

Description:

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.

Summary:

As a consultant, you will work alongside Oliver Wyman’s industry leaders and other experienced consultants and will be expected to contribute to a broad range of client projects. You will achieve significant interaction and visibility with Oliver Wyman’s clients, which include top tier insurance companies, reinsurance companies, investment banks, law firms, state regulators, and private equity firms.

Responsibilities:

· Life and annuity product development, modeling, valuation, and analysis support.

· Pricing assumption and model methodology review, including benchmarking to applicable industry and peer experience.

·Mergers & acquisitions due diligence including assumption review, model build, and development of projected US statutory distributable earnings and Actuarial Appraisal Value.

·Transformation of pre and post actuarial model data and processes, including systems and financial reporting integration, analytics, and workflow.

·Actuarial model conversions and optimization.

·Long-term care assumption development, in-force block management, modeling, and product development.

·Client and industry presentations, surveys, case studies and marketing support.

·Development and maintenance of intellectual capital

Qualifications

·ASA to FSA with at least 4+ years of professional experience

·Track record of rapid learning, high performance, and professional growth

·US life, annuity and/or LTC technical experience and/or regulatory knowledge

·Strong written and oral communication skills

·Excellent project management and time management skills

·Ability to work independently and direct junior staff

·Understanding of the value of collaboration, and the ability to work effectively in a team setting

·Deep critical-thinking skills and problem-solving ability

· Highly motivated individual and willingness to work in a dynamic environment

· Professional experience with actuarial modeling software (e.g., Moody’s Analytics AXISTM, Prophet, PolySystems)

·Excellent technical knowledge of MS Excel, MS Access or other database software, VBA or other programming languages

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 (NYSE: MRSH) . For more information, visit www.oliverwyman.com. Follow Oliver Wyman on Twitter @OliverWyman.

Marsh and its Affiliates are EOE Minority/Female/Disability/Vet/Sexual Orientation/Gender Identity employers.

The applicable base salary range for this role is CAD90k- CAD125K.

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, or any other characteristic protected by applicable law. In accordance with the Accessibility for Ontarians with Disabilities Act, 2005, Marsh will provide a reasonable accommodation to employees and prospective employees to the point of undue hardship upon request and as required in respect of the individual’s particular restrictions and limitations. If you require a specific accommodation because of a disability or medical need, please contact 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.

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More about this job

Responsibilities

The consultant will support life and annuity product development, modeling, valuation, and analysis while contributing to mergers and acquisitions due diligence. They will also manage actuarial model conversions, optimization, and the transformation of data processes to support client business objectives.

Requirements

Candidates must hold an ASA or FSA designation with at least 4 years of professional experience in the life, annuity, or LTC sectors. Proficiency in actuarial modeling software and strong technical skills in Excel, Access, and programming languages are required.

Skills

Actuarial modeling
Life insurance
Annuity
Risk management
Financial reporting
Data analysis
Project management
VBA
MS Excel
MS Access
Moody’s Analytics AXISTM
Prophet
PolySystems
Statistical modeling
Communication
Problem-solving

Visa sponsorship

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Keywords

Actuarial Consulting
Life Practice
Risk Management
Statutory Earnings
Actuarial Appraisal Value
Due Diligence
Long-term Care
Modeling
Valuation
Pricing
Benchmarking
Financial Reporting
Analytics
Intellectual Capital
ASA
FSA
Moody’s Analytics AXISTM
Prophet
PolySystems
VBA
MS Excel
MS Access
Database Software
Strategy
Operations
Organization Transformation
Reinsurance
Investment Banking
Regulatory Knowledge
Project Management

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