Oliver Wyman – Actuarial Intern (2025) – US Life

Company Overview

Oliver Wyman is a global leader in management consulting. With offices in 70 cities across 30 countries, Oliver Wyman combines deep industry knowledge with specialized expertise in strategy, operations, risk management, and organization transformation. The firm has more than 7,000 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 business of Marsh McLennan [NYSE: MMC]. For more information, visit www.oliverwyman.com. Follow Oliver Wyman on X @OliverWyman.

The Actuarial Practice of 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.

Job Description

Job Title: US Life Intern - 2025

Office/Regions available: Atlanta, Boston, Charlotte, Chicago, Hartford, Kansas City, New York, and Seattle

The US Life Practice of Oliver Wyman strives to be the consulting firm of choice for clients and employees, and to be recognized as the premier life, annuity, and LTC actuarial consultancy by fostering the power of ideas to lead our industry, consistently helping clients achieve their strategic objectives, and gaining trusted advisor status. The practice seeks to inspire an entrepreneurial culture which fosters free flowing ideas, values diversity, and allows for challenges to the status quo. Its colleagues are proud to perform exciting, diverse, and leading-edge work.

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 supportPricing assumption and model methodology review, including benchmarking to applicable industry and peer experienceMergers & acquisitions due diligence including assumption review, model build, and development of projected US statutory distributable earnings and Actuarial Appraisal ValueTransformation of pre and post actuarial model data and processes, including systems and financial reporting integration, analytics, and workflowActuarial model conversions and optimizationLong-term care assumption development, in-force block management, modeling, and product developmentClient and industry presentations, surveys, case studies and marketing supportDevelopment 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.

Skills and Attributes

Working towards Bachelor’s or Master’s degree, preferably in Actuarial Science, Mathematics, Statistics, Finance, or a related fieldCommitment to passing actuarial examsDesire for rapid learning, high performance, and professional growthStrong written and oral communication skillsExcellent time management skillsUnderstanding of the value of collaboration, and the ability to work effectively in a team settingDeep critical-thinking skills and problem-solving abilityHighly motivated individual and willingness to work in a dynamic environmentExposure to MS Excel, MS Access or other database software, VBA or other programming languages preferred

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.

For more information, please visit our website at www.oliverwyman.com/actuaries.

About Marsh McLennan 

Marsh McLennan (NYSE: MMC) is the world’s leading professional services firm in the areas of risk, strategy and people. The Company’s 83,000 colleagues advise clients in 130 countries. With annual revenue of nearly $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. For more information, visit marshmclennan.com, follow us on LinkedIn and Twitter or subscribe to BRINK.

The applicable range for this role is $28.00 to $36.25 per hour.

The salary offered will be determined on factors such as experience, skills, training, location, certifications, education, and any applicable minimum wage requirements. Decisions will be determined on a case-by-case basis.