Actuarial Consulting - Analyst, Health Practice

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Job Description: Analyst

Location: Hybrid; preference for Atlanta, Chicago, Milwaukee, Philadelphia, or New York, but open to other Oliver Wyman Actuarial office locations

Oliver Wyman is a global leader in management consulting and actuarial consulting. The firm has offices in 60 cities across 29 countries and more than 5,000 professionals. It is a wholly owned subsidiary of Marsh McLennan (NYSE: MMC).

What We Do

Oliver Wyman provides customized actuarial services and strategic insight, supporting clients to exceed their business objectives. The Health Practice works with health organizations to manage financial risks and support health care delivery using advanced actuarial and modeling techniques, with offices in North America. The practice seeks to foster a collaborative, team-based culture that values diversity and encourages challenging the status quo.

The health actuarial team is rapidly growing and seeks highly motivated individuals to join.

Vision and Mission

Our vision is to discover what lies beyond the obvious and be a leader in integrating actuarial science, data science, and information technology to solve clients’ challenges. We believe diverse perspectives are a business imperative and invest in our people and communities while delivering value to clients.

As an Analyst
, you will work with Oliver Wyman’s industry leaders on a broad range of client projects, achieving interaction and visibility with clients that include top-tier insurance companies, provider health systems, state regulators, and private equity firms.

Potential projects may include:

• Medicare Bid Support:
  Assisting bid development for Medicare Advantage products including product development, modeling, and analysis
• Commercial Pricing Support:
  Assisting pricing of health insurance products including product development, modeling, and analysis for ACA small group and individual markets, and large group markets
• Medical and Pharmacy Claims Analysis:
  Supporting claim-line analytics with benchmarking to industry experience
• Market Simulation Analyses:
  Supporting analyses of proposed federal and state legislation
• Regulatory Support:
  Examining impact of regulatory changes and assisting clients with implementation
• Provider Contract Analysis:
  Evaluating provider contracts and impact on rates
• Value-based Care:
  Analyzing value-based care and other risk-taking arrangements from payer and provider perspectives
• Evaluation of care management programs

• Bachelor’s or Master’s degree required, preferably in Actuarial Science, Mathematics, Statistics, Finance or related field
• 1 - 3 years of actuarial experience
• Progress towards ASA credentials
• Track record of rapid learning, high performance, and professional growth
• Strong written and oral communication skills
• Excellent time and project management skills
• Ability to work independently on client projects and intellectual capital development
• Collaborative, team-oriented mindset
• Deep critical-thinking and problem-solving skills
• Highly motivated and comfortable in a dynamic environment
• Strong skills with MS Excel, SAS, SQL, R, VBA or other programming languages

• The applicable base salary range for this role is $70,000 - $100,000 USD
• Base pay determined by experience, skills, location, and other factors
• Potential eligibility for performance-based incentives
• Competitive total rewards package including health and welfare benefits, 401K and other programs

Oliver Wyman seeks to invest in its people by fostering an inclusive environment, promoting ownership, developing personal brands, and rewarding performance. The firm supports actuarial students through a competitive study program with paid study time, exam materials, reimbursement of exam costs, and salary increases upon passing exams.

Marsh McLennan and its affiliates are equal opportunity employers. Reasonable accommodations are available upon request.

Hybrid work is supported with expectations to be in the local office or with clients at least three days per week. Office-based teams may have an anchor day each week.

Referral notes and job alerts are available; see posting details for additional opportunities. Salary ranges and postings shown reflect current postings and may vary by location.

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