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Job description
Consulting Role at Oliver Wyman
Oliver Wyman is a global leader in management consulting. With offices in 60 cities across 29 countries, Oliver Wyman combines deep industry knowledge with specialized expertise in strategy, operations, risk management, and organization transformation. The firm has more than 5,000 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 wholly owned subsidiary of Marsh & McLennan Companies.
The Insurance Practice provides leading institutions in Life and Property & Casualty Insurance, Reinsurance, and Pensions sectors with strategic insight and analytical thinking to succeed in a rapidly evolving competitive, regulatory, and capital markets environment. Our work spans a range of topics, including strategy development, financial effectiveness, product design and management, operational excellence, underwriting and pricing, and distribution. Recent examples of our impact include:
Establishing a Greenfield insurer from strategy formulation, technology selection across the value chain, project planning through to implementation
Creating a new platform called "Fulcrum" that enables insurers to migrate from legacy administration platforms to new ones in months instead of years through partnerships with many of the leading insurers, technology providers and Third-Party Administrators
Designing a multi-year corporate strategy for an Independent Broker Dealer that included product development, distribution and operations and technology components
Role
Our consulting roles offer excellent career and growth opportunities for talented, highly motivated professionals with relevant prior experience. As a professional member of our firm, your initial responsibilities will include:
Managing the execution of individual project workstreams. This typically includes developing hypotheses; managing data collection, model creation and analyses; conducting primary and secondary research; creatively tackling information limitations; and surfacing insights
Synthesizing findings into written presentations; reviewing and discussing with clients and other stakeholders
Supporting our Partner group in project delivery through accurate and high-quality execution
We offer a dynamic and personalized working environment that can be adapted to suit you. We can accommodate flexible working hours and geographies and use the latest team collaboration software to ensure we team effectively.
Desired Skills and Experience
Just as every client project is different, we recognize and value the diversity of backgrounds and skill sets for successful candidates. We are seeking high-caliber individuals who want to join our winning team. While specific responsibilities will vary based on previous experience the ideal candidate will have the following:
5+ years of relevant experience, ideally with a top-tier strategy consulting firm (or other similar organizations with project-based, team-oriented environments) or Life Insurance company
Familiarity with operations and technology components for supporting insurance products
Demonstrable success using modern day tooling (such as SQL and Python)
Experience with insurance-related topics, such as underwriting, risk, and finance
Strong mathematical background and willingness to get into the inner workings of insurance products
Track record of leading and managing teams, and delivering against tight deadlines in fast-paced, demanding environments
Strong background in strategic problem solving with demonstrable analytical skills
Outstanding written and verbal communication skills
Undergraduate or advanced degree from a top academic program
Willingness to travel
Why Work for Us
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.
The applicable base salary range for this role is $225,000 to $240,000. The base pay offered will be determined on factors such as experience, skills, training, location, certifications, educations, and any applicable minimum wage requirements. Decisions will be determined on a case-by-case basis. In addition to the base salary, this position is eligible for performance-based incentives.
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. Explore all the benefits offered at US Benefits | Marsh McLennan.
Worksite address
chicago, IL, 60290, US
Who can apply
Review the original listing for work authorization, qualifications and employer requirements.