Oliver Wyman - Business Strategy & Innovation-Focused Principal - P&C

Marsh McLennanBoston, MA, US

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Oliver Wyman Business Strategy & Innovation-Focused Principal - P&C

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 Property and Casualty Consulting Practice assists insurance companies, self-insured corporations, government entities and other organizations with all aspects of managing property and casualty insurance exposures. We guide P&C clients on their qualitative and quantification of risk and loss exposures, and offer advice on a range of issues, from external business strategy and internal risk management to economic capital modeling and new product development.

Job Title : Principal Property & Casualty

Office / Regions Available : Northeast Region

Reports To : Global Strategy & Innovation Leader and Region Leader

Oliver Wyman is currently seeking an experienced consultant to join the Property & Casualty Actuarial Consulting Practice as a Principal . The successful candidate will partner with the region leader to develop and implement a business development plan that strategically leverages the region's colleagues and the firm's full suite of offerings to grow the business. The candidate will also have significant impact on the engagement and interaction with Oliver Wyman's clients, which include self-insured corporations, captive insurance companies, (re)insurers, investment firms, state regulators, and healthcare providers.

The successful candidate will be responsible for but not limited to the following :

Own the business development plan and revenue target for the relevant P&C region with a focus on large account pursuits.
Supervise business development collaboration with senior managers and Principals while establishing and maintaining knowledge of BD-related engagements across the P&C Practice (e.g., pipeline, marketing content, expertise, etc.).
Work within the Global Strategy & Innovation team to create and deliver content for monthly updates of business development activity by region, keeping the business leaders updated on activity.
Work collaboratively within the Global Strategy & Innovation team, and with others across the P&C Actuarial group to develop and enhance the team's strategies for business growth, new business and practice creation, solution development and sales, and service delivery refinement.
Identify and encourage the development of subject matter experts in their chosen fields.
Review and validate client deliverables, ensuring technical accuracy and integrity on various analyses, templates, and exhibits.
Mentor staff, fostering career and professional growth.
Prepare and deliver high-quality exhibits and written reports to effectively present findings and recommendations to clients.
Develop and strengthen client relationships and drive business development activities, including guiding the preparation of proposals and presentations for prospective clients.

Qualifications and Desired Skills

Demonstrated ability to lead and manage relationships with clients.

10+ years of consulting experience focused on Property and Casualty clients, including self-insureds, captives, and (re)insurers.

Strategic thinker, who brings creative solutions and drive to create new business opportunities and grow existing practices

Exceptional organizational skills, with proven ability to prioritize and manage multiple projects in a fast-paced work environment.

Excellent written and verbal communication skills, with the ability to build strong relationships with clients, colleagues, and industry stakeholders.

Proven ability to foster a culture of inclusiveness, innovation, and continuous improvement within the practice and across the broader organization.

Willingness to travel as needed to support client engagements and business development activities.

Self-motivated, self-directed, and proactive with a demonstrated ability to develop client-oriented solutions.

Collaborative team player capable of working effectively in a cross-functional environment.

ACAS / FCAS credentials beneficial, but not required

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.

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.

The applicable base salary range for this role is $188k -$400k. 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.

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Principal • Boston, MA, US