Oliver Wyman Actuarial - Life Insurance Principal - ...

Description: Oliver Wyman Actuarial - Life Insurance Principal - LifeRemote type:HybridLocations:FlexibleTime type: Full timeCompany OverviewThe 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 DescriptionOliver Wyman is seeking a talented 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 pricingDevelop new or foster existing client relationships with a focus on clients leading life insurance sales and innovationLead or participate in client business development meetings and develop proposals related to any life insurance related topicReview, analyze, and critique financial projections of life insurance productsProvide thought leadership, including oversight and/or creation of intellectual capitalDevelop and present client and industry presentations, surveys, case studiesProvide SME support for life insurance mergers & acquisitions and block reinsurance transactionsWork in partnership with our management consulting and strategy practice regarding life insurance productsRequirements:FSA with 12+ years of professional experienceRobust 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 complianceExpert-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 preferredExpert-level understanding of illustration systems and requirements (especially for IUL illustrations) a plusKnowledge of final expense, preneed, COLI/BOLI and life adjacent products helpfulKnowledge of financial modeling systemsStrong project management and project team leadership skillsAbility to manage and develop staffStrong written and oral communication skillsStrong skills with the Microsoft Office suiteAdvantages:Leadership role within a growing and dynamic consulting practiceStimulating work from providing value added services to clientsCompetitive compensation (base salary and annual bonus)

Created: 2026-03-06