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Actuarial Intern Summer 2024 - US Life - Boston

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Oliver Wyman

Sep 25, 2023

Applications are closed

  • Internship
    Full-time
    Summer Internship
  • Banking & Finance
  • Boston

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

  • 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.
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Oliver Wyman

Oliver Wyman is a global business of Marsh McLennan. Our consultants work side-by-side with the client team.

Consulting
Industry
5001-10,000
Employees
1984
Founded Year

Mission & Purpose

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 5,000 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].

Culture & Values

  • Be Brave

    We stand behind our beliefs while exploring what drives them. We stand up for what is right and persevere through difficulty. We venture into the unknown, staying open to our greatest possibilities.

  • Lead With Heart

    We build relationships with clients and colleagues that last, grounded in transparency, authenticity, and trust. We love what we do and have fun while we do it. And we combine this passion with rigor and skill to drive sustainable performance.

  • Strive For Breakthroughs

    We bring deep expertise and profound curiosity to the pursuit of ambitious ideas and uncommon insights. We ask bigger questions, seek diverse perspectives, and challenge ourselves to find the most powerful and sustainable solutions.

  • Work As One

    We succeed as a unified team of colleagues and clients, achieving together what separately would be beyond our reach. We care for and develop one another. We learn from differences, overcome divisions, and celebrate our shared achievements.

  • Own Our Impact

    We act as entrepreneurs and stewards of the firm. We own the journey, acting with integrity at every step. And we own our impact, holding ourselves to the highest standards to deliver stronger results for our clients, better opportunities for each other, and lasting change for society.