Manager (Actuarial Services Practice) - Madrid (Spain)
Company: Oliver Wyman
About Us:
Oliver Wyman is a global management consulting firm with offices in 50+ cities across nearly 30 countries. We combine deep industry knowledge with specialized expertise in strategy, operations, risk management, and organization transformation. Our team of over 5,000 professionals helps clients optimize their business, improve their operations and risk profile, and accelerate their organizational performance to seize the most attractive opportunities.
Practice Overview: Actuarial Services, Madrid Office
We are part of a global network of over 500 actuaries worldwide, with more than 80 actuaries in our European practice. We are looking for new actuaries to further develop our practice and serve the interests of insurance and reinsurance companies locally.
Our mission is to be a leader in the integration of actuarial science, data science, and information technology to solve our clients' most demanding challenges.
The consultants at Oliver Wyman European Actuarial Services work for all major life and non-life (re)insurers in Switzerland, Germany, Austria, Italy, Netherlands and Spain/Portugal.
Key Responsibilities:
* Work on a broad range of client projects, including actuarial modelling, regulatory and accounting issues, and financial risk management.
* Develop and review asset-liability models or regulatory internal models.
* Solvency II, IFRS 17 and Spanish & Portuguese local GAAP.
* SII Internal Model development and validation.
* SII risk assessment and capital optimizations.
* ALM analysis and cash flows modelling.
* Actuarial reporting and reviews.
* Insurance mergers & acquisitions and actuarial due diligence alongside transactions.
* Financial Risk Management and Sustainability.
* Work in support of our Management consulting and Strategy practice.
Your Profile:
* Minimum of 5/6 years of relevant experience, ideally with a top-tier Actuarial consulting firm.
* Bachelor's or Master's degree, preferably in Actuarial Science, Mathematics, Statistics, Finance or a related field.
* Strong written and oral communication 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.
* Strong skills with MS Excel.
* Language skills: Spanish (native/fluent) and English (native/fluent) is a strong asset.
* Experience in managing teams and dealing with clients.
Our Requirements:
* Strong experience of working on risk and actuarial projects within the Spanish/Portuguese market.
* Understanding of broader key regulatory topics such as IFRS17 and Solvency II.
* Experience with statistic software like SAS or R and programming languages like C#, C++, Java, VBA.
* Experienced in mentoring junior consultant colleagues.
* Experience in implementing risk based capital models in Prophet, AFM, Risk Agility/MoSes, Addactis.
Why Join Us?
We offer challenging work with excellent opportunities for professional and personal advancement, encouraging the development of future leaders. Our goal is to provide opportunities for our actuaries to learn and grow during every step of their careers.
At Oliver Wyman, our success stems directly from the quality of our talented people. We have opportunities for individuals eager to put their talent and knowledge to work in a stimulating environment that rewards excellence. We believe in developing our business by developing our people. We offer a dynamic consulting environment which combines the challenges and diversity of consulting while encouraging growth and advancement.