Actuarial Consulting - Analyst, Health Practice

Overview

Oliver Wyman Actuarial Consulting, Inc. – Health Practice

Job Title: 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. With offices in 60 cities across 29 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 who work with clients to optimize their business, improve operations and risk profile, and accelerate organizational performance.

Oliver Wyman is a wholly owned subsidiary of Marsh McLennan (NYSE: MMC).

Visit our website for more details about Oliver Wyman:

Oliver Wyman provides customized actuarial services and strategic insight, supporting clients to exceed their business objectives. The Actuarial Health Practice works with health organizations to manage financial risks and support health care delivery using advanced actuarial and modeling techniques. The Health Practice seeks to be the consulting firm of choice by fostering a collaborative culture that values diversity and challenges the status quo.

Our vision is to discover what lies beyond the obvious and achieve breakthroughs for clients, while integrating actuarial science, data science, and information technology.

Position: Analyst

You will work alongside and learn from Oliver Wyman’s industry leaders and experienced consultants while contributing to a broad range of client projects. You will gain interaction and visibility with clients, including top-tier insurance companies, provider health systems, state regulators, and private equity firms.

• Medicare Bid Support:
  Assisting the bid development for Medicare Advantage products including product development, modeling, and analysis
• Commercial Pricing Support:
  Assisting the pricing of health insurance products including product development, modeling, and analysis support for ACA small group, individual, and large group markets
• Medical and Pharmacy Claims Analysis:
  Supporting claim-line level analytics including benchmarking to applicable industry experience
• Market Simulation Analyses:
  Supporting analyses of proposed federal and state legislation
• Regulatory Support:
  Examining impact of regulatory changes and assisting clients with their implementation
• Provider Contract Analysis:
  Evaluation of provider contracts and the impact of changes 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 a related field
• 1 - 3 years of actuarial experience in the actuarial field
• Progress towards Associate of the Society of Actuaries (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
• Strong collaboration skills and ability to work effectively in a team
• Deep critical-thinking and problem-solving abilities
• Highly motivated and able to work in a dynamic environment
• Strong MS Excel, SAS, SQL, R, VBA or other programming language skills

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

The Actuarial Practice of Oliver Wyman fosters a safe, inclusive environment, values diverse perspectives, and supports personal development and performance recognition. We offer a performance-based pay program and a comprehensive benefits package. The Practice supports actuarial students pursuing credentialing with paid time off for exam study, exam materials, and salary increases upon passing exams.

Oliver Wyman is committed to equal employment opportunity and complies with all relevant laws. Marsh McLennan and its Affiliates are EOE Minority/Female/Disability/Vet/Sexual Orientation/Gender Identity employers. Marsh McLennan supports hybrid work arrangements and expects in-office collaboration and client work as part of its standard practice. For accommodations, please contact rea

About Marsh Mc Lennan is the world’s leading professional services firm in risk, strategy and people, with four market-leading businesses:
Marsh, Guy Carpenter, Mercer and Oliver Wyman. For more information, visit  or follow on Linked In and Twitter.

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