Actuarial Analyst – Health Practice

Company Overview

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 7,000 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].

The Actuarial Practice of Oliver Wyman provides customized actuarial services and strategic insight, supporting clients as they strive to exceed their business objectives. Our exceptional client and employee retention exemplify our commitment to relationships built on trust, responsiveness, and clear communication.

Oliver Wyman uses actuarial modeling skills and our qualitative assessment methodologies to assist our clients in evaluating and addressing risk. Our solutions help clients to manage and prepare for the potential financial consequences of uncertain future events.

Job Description

Job Title: Health Actuarial Analyst

Office/Regions available: Atlanta, Chicago, Milwaukee, NY, and Philadelphia.

The Health Consulting Practice of Oliver Wyman is growing and is seeking individuals who are highly motivated to develop within our team. The practice seeks to inspire a collaborative, team-based culture which fosters free flowing ideas, values diversity and allows for challenges to the status quo. Our colleagues are proud to perform exciting, diverse, and leading-edge work to provide our clients solutions.

As an Actuarial Analyst, you will have unique exposure to work alongside and learn from Oliver Wyman’s industry leaders while contributing to a broad range of client projects. You will gain industry exposure with Oliver Wyman’s clients, which include prestigious insurance companies, provider health systems, state regulators, and private equity firms.

Potential projects may include:

• Health insurance product development, modeling and analysis support
• Care management design and operational efficiency optimization
• Pricing assumption analysis, trend analysis, model methodology reviews
• Medical and pharmacy claims analysis, including benchmarking to applicable industry experience
• Financial reporting and valuation support
• Market simulation analyses of proposed federal and state legislation
• Mergers & acquisitions due diligence including assumption review, model build and valuation
• Feasibility studies for startup operations or expansions of new products
• Support of regulatory changes and implementation
• Analysis of value-based care and other risk-taking arrangements

Qualifications and Desired Skills

• Bachelor’s or Master’s degree, preferably in Actuarial Science, Mathematics, Statistics, Finance or a related field
• Commitment to passing actuarial exams, with recent progress
• Track record of and 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
• Strong skills with MS Excel, SAS, SQL, R, Python, VBA or other programming languages

Why Work For Us

The Actuarial Practice of Oliver Wyman seeks to invest in its people by fostering a safe and inclusive environment, respecting and welcoming different perspectives, promoting an ownership culture, providing opportunities for individuals to develop their personal brand, and celebrating successes and rewarding performance.

There are employee groups for: the LGBT+ community, racially and ethnically diverse employees, women, family life, introverts and veterans of military service at Oliver Wyman. Members function as “reverse mentors” to Oliver Wyman leaders’ on a regular basis, ensuring Oliver Wyman continues to embed inclusion issues in its global agenda.

Oliver Wyman provides a competitive compensation and benefits package, including an Actuarial Study Program and a supportive and flexible/hybrid work environment. Explore all the benefits offered at US Benefits| Marsh McLennan.

For more information, please visit our website at www.oliverwyman.com/actuaries.

Oliver Wyman is committed to the principles for equal employment opportunity and complies with all relevant federal, state, and local laws.

Marsh McLennan is committed to embracing 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, veteran status (including protected veterans), or any other characteristic protected by applicable law.

Unrestricted U.S. work authorization is required. Oliver Wyman does not offer sponsorship for this position. (Please note that CPT and OPT are restricted forms of work authorization.)

The applicable base salary range for this role is $65,000 - $85,000.

The base pay offered will be determined on factors such as experience, skills, training, location, certifications, education, exams, and any applicable minimum wage requirements. Decisions will be determined on a case-by-case basis. In addition to the base salary, this position may be eligible for performance-based incentives.