Germany | Associate, Engagement Manager, and Principal | Insurance WHO WE AREOliver Wyman’s Insurance practice supports its clients with leading edge topics.Our client list includes almost all top global insurers in both life and non-life, along with all major domestic insurers as well as other market participants such as investors or distribution companies.
The Oliver Wyman Insurance practice uniquely combines deep strategy expertise, a thorough quantitative understanding and rich implementation experience. We set ourselves apart by providing our clients with specialist knowledge in topics across the entire insurance value chain from top of the house strategy to finance and risk to operations. The following list is a sample of topics from our project work:Global Strategic Transformation through reorganisation of headquarters, cost programme, sales programme, defining digital ambition and strategy for a leading composite insurerDevelopment of a new non-life strategy including planning and supporting a comprehensive implementation program for a leading Austrian insurance groupDigital distribution strategy: Re-invention of distribution approach based on customer centricity mindset and insurtech developmentsBancassurance Strategy: Strategy development for 5 main markets in Europe and definition of initiatives to implement for a global leading re-insurerTransformation of risk management for a global Financial Services conglomerateSolvency II internal model capital optimisation programmeComprehensive cost efficiency assessment for a continental European life insurerWHAT YOU WILL DO

Experienced professionals bring us the know-how to make lasting change for our clients and our company. We are not typical ‘management’ consultants. We provide industry- and discipline-specific knowledge and expertise, which amplifies our impact and helps us shape the future for our clients. Oliver Wyman is a diverse, entrepreneurial, non-competitive partnership of individuals who like to pursue new opportunities or build a unique franchise doing what they do best in a collegial, fun environment.ASSOCIATES break down complex problems into discrete tasks, identifying the key aspects of a problem and directing the focus of junior consultants to those elements. You will effectively plan and execute analysis as well as identify the core issues in complex analyses in order to be able to craft suitable recommendations. You’ll work side by side with clients and your project team members to move projects forward and manage small teams to get the work done. Clients and colleagues look to Associates for unique insight into the subject area which they have chosen
 ENGAGEMENT MANAGERS are the on-scene leaders who run our projects day to day. You will lead the team through an efficient and effective problem-solving process from initial thought process through convergence on a solution. You will ensure that recommendations are correct, practical, sensible, relevant and cohesive. It’s a role that demands thought leadership at the strategic level – and command of all the technical and operational details of execution. You will need great communication skills and the ability to forge strong relationships.PRINCIPALS Principals are experts in particular content areas and provide day-to-day leadership of complex client projects and aspects of the client relationship and commercial process, teaming with Partners. They ensure on-time delivery that meets or exceeds agreed upon goals, leveraging Oliver Wyman best practice, their own expertise and the firm’s technical competence. They become trusted advisors to senior clients, with the ability to guide and influence their thinking, and to be viewed as experts in particular content areas.  Principals are seen as Partners of the future and, as such, are fully engaged in building business through identifying new and expanded opportunities; they create exciting and additive intellectual capital through thought leadership, and are knowledgeable on a broad range of adjacent topics. Principals develop others and build a strong personal brand both within and outside the firm. 

WHAT YOU WILL BRING

Just as every client project is different, so we recognize and value the diversity of backgrounds and skillsets for successful candidates. We are seeking high-caliber individuals who want to join our winning team. Preference will be given to candidates with: Minimum of 3 years of relevant experience, ideally with a top-tier strategy consulting firm or large insurer (or other similar organizations)Knowledge of finance and / or risk management topics, including technical aspects such as Solvency II internal modelsStrong background in problem solving with demonstrable analytical skillsOutstanding written and oral communication skills in both formal and informal settingsUndergraduate or advanced degree from a top academic programWillingness to travelFluent German and English skillsKnow how to take the initiative, seeking out opportunities to learn new skills and put the ones you’ve already got to good use.Not just intelligence, but creativity too: ready to come up with novel ideas to solve our clients’ biggest problems.A willingness to work fluidly and respectfully with our incredibly talented team.

WHY WORK AT OLIVER WYMAN ? 

Working as part of our global, entrepreneurial company, you will do meaningful work from day one. We are looking for individuals who challenge the norm, and constantly strive to build something new for the firm and the world around us. At Oliver Wyman, there's no "one size fits all" - we hire exceptional people and help them thrive through a built-in support network, flexible career paths, and no artificial barriers to advancement. We have a collaborative, supportive and impactful team environment - we want you to bring your authentic self and enjoy working alongside diverse and down-to-earth colleagues who do serious work, but don't take themselves too seriously. 

OUR VALUES & CULTURE
We’re serious about making OW a rewarding, progressive, enjoyable and balanced place to work.Self starters and free thinkers who work well in a teamWe are individuals who are motivated, energetic, entrepreneurial about what we doCommon aspiration, collective endeavour, shared successWe have the common aspiration to have an impact, leave a legacy and change the world. We have no interest in running a steady-state business. We want to build, grow and shape the environment around usStraightforward, open, respectful interactionWe value an environment where every member of Oliver Wyman is encouraged and expected to voice his or her opinionOpportunity without artificial barriersWe value merit and believe that to create a true meritocracy we need to remove artificial barriers to opportunityBalanced lives
We value people whose lives balance work and non-work activities because we believe they are both more interesting colleagues and are able to make better contributions to the Firm. We push ourselves hard to deliver excellence, but we also work to extract the maximum benefit from the flexibility of a project-based business. We provide the ability to take career breaks for personal or family reasons. We fundamentally value each other’s time, and are sensitive to how it is used. We are an output not input-based culture, have respect for people’s personal decisions, and believe that one's workload must be sustainable. We seek balance for ourselves and our colleagues.

ABOUT OLIVER WYMAN

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 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.

HOW TO APPLY

If you’d like to learn more about the firm during your application process, please visit www.oliverwyman.com/careers,Oliver Wyman is an equal opportunity employer. Our commitment to diversity is genuine, deep and growing. We’re not perfect yet, but we’re working hard right now to make our teams balanced, representative and diverse.

Oliver Wyman, a business of Marsh McLennan (NYSE: MMC), is a management consulting firm combining deep industry knowledge with specialized expertise to help clients optimize their business, improve operations and accelerate performance. Marsh McLennan is a global leader in risk, strategy and people, advising clients in 130 countries across four businesses: Marsh, Guy Carpenter, Mercer and Oliver Wyman. With annual revenue of $24 billion and more than 90,000 colleagues, Marsh McLennan helps build the confidence to thrive through the power of perspective. For more information, visit oliverwyman.com, or follow on LinkedIn and X.

Marsh McLennan is committed to creating a diverse, inclusive and flexible work environment. We aim to attract and retain the best people and embrace diversity of age, background, disability, ethnic origin, family duties, gender orientation or expression, marital status, nationality, parental status, personal or social status, political affiliation, race, religion and beliefs, sex/gender, sexual orientation or expression, skin color, or any other characteristic protected by applicable law.

Marsh McLennan offers hybrid working arrangements that provide both the flexibility of mobile working and the benefits for collaboration, personal connections and professional development of working in the office. Employees are authorized to work remotely. If needed, some teams also schedule weekly “anchor days” where the entire team meets in person at the site office.