Oliver Wyman Actuarial – Life Insurance Principal

Company: Oliver Wyman Description: Company Overview The Actuarial Consulting Practice of Oliver Wyman advises clients across a broad spectrum of risk management issues. We are a large and established practice with offices across the globe. Our actuaries hold the highest professional qualifications and are nationally recognized as experts in their field(s). We use mathematical and statistical modeling skills and our qualitative assessment methodologies to assist clients in evaluating and addressing risk. Our solutions help clients manage and prepare for the potential financial consequences of uncertain future events. We bring a combination of broad-based expertise with specialized knowledge of specific risks, allowing us to provide independent, objective advice in the three primary areas of risk: healthcare, life and annuity, and property and casualty. Oliver Wyman provides customized actuarial services and strategic insight, supporting clients as they strive to exceed their business objectives. Our client and employee retention exemplify our commitment to relationships built on trust, responsiveness and clear communication. The US Life Actuarial Practice of Oliver Wyman works with organizations to manage their insurance risks using advanced actuarial and modeling techniques and has employees across over a dozen offices globally.

We are seeking a senior actuary to join our litigation and advisory practice as an Expert Witness Actuary supporting insurance and reinsurance disputes. The successful candidate will produce independent, defensible actuarial opinions, prepare court-ready expert reports, and provide deposition and hearing testimony. This role requires deep technical expertise in liability valuation, reserving, pricing and complex product design, strong model governance skills, and proven ability to work with outside counsel under tight deadlines.

Prepare independent expert reports, affidavits, and exhibits that clearly document assumptions, methodology, and results for use in litigation, arbitration, and regulatory matters. Provide expert witness and deposition testimony; explain technical findings to judges, arbitrators, juries, and attorneys. Perform and oversee actuarial analyses relevant to disputes, including deterministic and stochastic cashflow modeling, sensitivity analyses, and experience studies. Independently review and validate opposing-party valuations, reserving methods, model implementations, and assumption choices. Ensure reproducibility and maintain complete audit trails and documentation of models and analyses used in expert opinions. Collaborate closely with outside counsel and internal subject-matter experts to align technical work with legal strategy and discovery requirements. Advise clients on settlement drivers, regulatory exposures, capital impacts, and reinsurance/retrocession implications. Mentor and supervise actuarial staff contributing to expert engagements; maintain high standards of quality control and peer review. Keep abreast of actuarial standards of practice, relevant legal precedents, and regulatory developments affecting insurance/reinsurance disputes.

Bachelor’s degree in Actuarial Science, Mathematics, Statistics, Finance, or a related quantitative field. ASA or FSA (or equivalent)  required. Minimum  10+ years  of actuarial experience in life insurance, annuities, or reinsurance with strong background in liability valuation, reserving, and pricing. Prior experience in senior in-house actuarial roles (e.g., Chief Actuary, SVP) and/or consulting preferred. Demonstrated experience with variable annuities, equity guarantees, or other complex life/annuity products is highly desirable. Proficiency in reserving, valuation frameworks (statutory, GAAP/IFRS), experience studies, and stochastic modeling. Strong model development, validation, and documentation skills; familiarity with actuarial platforms (e.g., Prophet, GGY) is