Oliver Wyman – Actuarial Intern Summer 2024 – US Life

Marsh McLennan

Oct 6, 2023

Applications are closed

Internship
Full-time
Summer Internship
Banking & Finance
New York, +4

Requirements

Working towards Bachelor’s or Master’s degree, preferably in Actuarial Science, Mathematics, Statistics, Finance or a related field
Commitment to passing actuarial exams
Desire for rapid learning, high performance, and professional growth
Strong written and oral communication skills
Excellent time management skills
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
Exposure to MS Excel, MS Access or other database software, VBA or other programming languages preferred

Responsibilities

As an Actuarial Intern, you will work alongside and learn from Oliver Wyman’s industry leaders and other experienced consultants while contributing to a broad range of client projects. You will gain industry exposure with Oliver Wyman’s clients, which include top tier insurance companies, reinsurance companies, investment banks, law firms, state regulators, and private equity firms.
Potential projects may include:
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
In addition, all interns participate in our actuarial bootcamp which consists of a series of presentations, case studies, and mentorship sessions over a six-week period and aims to give participants a valuable and directly applicable skillset for future employment opportunities within the actuarial industry.

Marsh McLennan

Marsh McLennan (NYSE: MMC) brings together 85,000 experts in risk, strategy and people.

Finance

Industry

10,001+

Employees

1905

Founded Year

Mission & Purpose

Marsh McLennan (NYSE: MMC) is the world’s leading professional services firm in the areas of risk, strategy and people. The Company’s more than 85,000 colleagues advise clients in 130 countries. With annual revenue of over $20 billion, Marsh McLennan helps clients navigate an increasingly dynamic and complex environment through four market-leading businesses. Marsh provides data driven risk advisory services and insurance solutions to commercial and consumer clients. Guy Carpenter develops advanced risk, reinsurance and capital strategies that help clients grow profitably and pursue emerging opportunities. Mercer delivers advice and technology-driven solutions that help organizations redefine the world of work, reshape retirement and investment outcomes, and unlock health and wellbeing for a changing workforce. Oliver Wyman serves as a critical strategic, economic and brand advisor to private sector and governmental clients.

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