Marsh McLennan · 2 months ago
Oliver Wyman Actuarial – Life Insurance Principal – Life
New York - 1166
Full-time
Hybrid
Lead/Staff
$185K/yr - $270K/yr
12+ years expOliver Wyman is a global leader in management consulting, and they are seeking a talented Principal with a proven track record in life insurance product development and pricing initiatives. The role involves leading product development, pricing strategies, and managing client relationships to grow Oliver Wyman's footprint in life insurance consulting services.
Financial ServicesProfessional ServicesService Industry
Responsibilities
Be one of the firm’s staff with deepest subject matter expertise of life insurance product development and pricing
Develop new 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
Qualification
Required
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 innovative features for life insurance products, working with sales and distribution partners, experience with illustration, filing requirements and regulatory compliance
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
Preferred
Expert-level understanding of Term, Whole Life, UL(SG), IUL, and VUL product pricing and monitoring
Expert-level understanding of innovation in the sales process to consumers, including accelerated underwriting expertise and MLM programs
Expert-level understanding of illustration systems and requirements (especially for IUL illustrations)
Knowledge of final expense, preneed, COLI/BOLI and life adjacent products
Knowledge of financial modeling systems
Benefits
Health and welfare benefits
Tuition assistance
401K savings and other retirement programs
Employee assistance programs
Company
Marsh McLennan
Marsh McLennan (NYSE: MMC) is a global leader in risk, strategy and people, advising clients in 130 countries across four businesses: Marsh, Guy Carpenter, Mercer and Oliver Wyman.
10001+ employees
Funding
Current Stage
Public CompanyTotal Funding
$11.2B2024-10-30Post Ipo Debt· $7.25B
2024-02-14Post Ipo Debt· $1B
2023-09-06Post Ipo Debt· $1.6B
Leadership Team
Joe Hayes
Senior Vice President, COO Private Client Services
Katherine Brennan
SVP & General Counsel
Recent News
2025-12-01
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2025-10-17
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