Principal Finance Position, Oliver Wyman, LLC, a global leader in management consulting, is seeking a Principal in Finance to join their Financial Services/Finance & Risk practice in New York, NY. This full-time role involves leading large client engagements and managing significant client relationships within the financial services sector.
In this article, we will explore the details of this position, including job responsibilities, required qualifications, application process, and provide answers to common questions.
About Oliver Wyman, LLC
Oliver Wyman is a renowned management consulting firm with offices in over 70 cities across 30 countries. The firm specializes in strategy, operations, risk management, and organizational transformation, serving clients across various industries, including financial services. As part of Marsh McLennan, Oliver Wyman combines deep industry knowledge with specialized expertise to help clients optimize their businesses and improve performance.
Key Responsibilities
As a Principal in Finance at Oliver Wyman, your primary responsibilities will include:
- Leading Client Engagements: Manage and oversee large client cases, ensuring the delivery of high-quality consulting services that meet client expectations.
- Client Relationship Management: Develop and maintain significant client relationships, acting as a trusted advisor and ensuring long-term collaboration.
- Account Planning and Management: Lead client account planning, identify opportunities for growth, and ensure the firm’s services align with client needs.
- Strategic Consulting: Provide strategic insights and recommendations to clients in the financial services sector, helping them navigate complex challenges and achieve their business objectives.
- Team Leadership: Mentor and guide junior consultants, fostering a collaborative and high-performing team environment.
Required Qualifications
To be considered for this role, candidates must meet the following qualifications:
- Educational Background: A Bachelor’s degree in Finance, Economics, Engineering, Business Administration, Mathematics, or a related quantitative field is required. Alternatively, a Master’s degree in these fields is also acceptable.
- Professional Experience: For Bachelor’s degree holders, a minimum of 6 years of experience in strategic management consulting is required. For Master’s degree holders, at least 4 years of relevant experience is necessary.
- Skills and Competencies:
- Strong customer relations and business development skills.
- Proven experience in management consulting within the financial services industry.
- Excellent analytical and problem-solving abilities.
- Effective communication and interpersonal skills.
- Ability to manage multiple projects and work under pressure.
- Travel Requirements: Willingness to travel domestically and internationally up to 50% of the time.
- Work Arrangement: Up to 60% telework permitted, offering flexibility in work location.
Application Process
Interested candidates should follow these steps to apply:
- Prepare Your Application:
- Update your resume to highlight relevant experience and qualifications.
- Draft a cover letter expressing your interest in the position and how your skills align with the job requirements.
- Submit Your Application:
- Email your resume and cover letter to OWGRecruitment.US@oliverwyman.com.
- Include the job code “OW142” in the subject line of your email to ensure proper processing.
Note: Phone inquiries are not accepted; please refrain from calling regarding your application.
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Compensation and Benefits
While specific salary details for this position are not publicly disclosed, industry data provides insight into compensation for similar roles. According to Glassdoor, the estimated total pay for a Principal at Oliver Wyman ranges from $259,000 to $421,000 per year, with a median total pay of approximately $328,000. This includes a base salary and additional compensation such as bonuses.
Oliver Wyman offers a competitive total rewards package, including health and welfare benefits, tuition assistance, 401(k) savings and other retirement programs, as well as employee assistance programs.
Frequently Asked Questions FAQs
What is the primary focus of the Principal Finance role at Oliver Wyman?
The Principal Finance role focuses on leading large client engagements, managing significant client relationships, and providing strategic consulting services within the financial services sector.
What educational background is required for this position?
Candidates should have a Bachelor’s or Master’s degree in Finance, Economics, Engineering, Business Administration, Mathematics, or a related quantitative field.
How much professional experience is necessary to apply?
A minimum of 6 years of strategic management consulting experience is required for Bachelor’s degree holders, and at least 4 years for those with a Master’s degree.
Is travel a requirement for this role?
Yes, the position requires up to 50% domestic and international travel.
How can I apply for this position?
Interested candidates should email their resume and cover letter to OWGRecruitment.US@oliverwyman.com, referencing job code “OW142” in the subject line.
