Oliver Wyman - Financial Services - Insurance - Associate - New York (On-site)

INSURANCE ASSOCIATE

Job SpecificationPractice Group: Financial ServicesPractice:   InsuranceLocation:  New YorkRole:  Associate

Practice Overview

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:

• Conducting a holistic assessment of the strategy, operations, and organization of a large US multinational insurer’s life business, focusing on accelerating growth, improving economics, rationalizing costs, and integrating several disparate businesses• For a personal line property and casualty insurer, conducted StudioSessions to identify hassles and dreams across the value chain and identified ways to implement Artificial Intelligence, Machine Learning, and Robotics Process Automation to enhance the customer experience and reduce costs throughout the organization• For a major brokerage, created an alternative capital funded property facility, including contract negotiation, product development, process creation, and financial projections

The Insurance Practice is seeking Associates to support our continued expansion, a strategic priority for the firm. This is an exciting opportunity to be part of a successful team.  For more information about our Practice, please visit http://www.oliverwyman.com/what-we-do/financial-services/insurance.html

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

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: 

• 4-7 years of relevant experience, ideally with a top-tier strategy consulting firm (or other similar organizations with project-based, team-oriented environments)• Experience with insurance-related topics, such as organizational design, strategic planning, product design, distribution, underwriting, policy administration, claims, risk and capital management, pensions, or reinsurance• 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

Application Process:

To be considered, please submit an application at www.oliverwyman.gtios.com

Oliver Wyman is a wholly owned subsidiary of Marsh & McLennan Companies, Inc. (NYSE:  MMC).  For more information, please visit www.oliverwyman.com and follow Oliver Wyman on Twitter @OliverWyman.

About Oliver Wyman

Oliver Wyman is a global leader in management consulting. With offices in more than 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 6,000 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 Twitter @OliverWyman.

Marsh McLennan and its Affiliates are EOE Minority/Female/Disability/Vet/Sexual Orientation/Gender Identity employers.

The applicable base salary range for this role is $145K - $195K

The base pay offered will be determined on factors such as experience, skills, training, location, certifications, and education. Decisions will be determined on a case-by-case basis.

In addition to the base salary, this position may be eligible for performance-based incentives.

We are excited to offer a competitive total rewards package which includes health and welfare benefits, tuition assistance, 401K savings and other retirement programs as well as employee assistance programs.

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