Oliver Wyman Actuarial – Health Manager - Valuation/Reserving

Oliver Wyman; Chicago (IL); On-site; USD 100,000 - 160,000; Full time

Job summary

Oliver Wyman's Health Practice seeks a Manager to collaborate with industry leaders on diverse client projects across insurers, healthcare systems, and regulators. You will contribute to valuation, capital management, and risk initiatives while building client relationships.

The role emphasizes teamwork, rapid learning, and professional growth within a dynamic environment. A strong actuarial background and exam progression are essential, with competitive benefits and study support.

Qualifications

• Bachelor’s or Master’s degree in Actuarial Science, Mathematics, Statistics, Finance or related field.
• Significant progress with actuarial exams; ASA/FSA preferred.
• 5+ years actuarial experience in health insurance/healthcare.
• Strong organizational skills with ability to multitask in a fast-paced environment.
• Project management skills and ability to lead initiatives.
• Excellent written and verbal communication; client-relations experience.
• Strong time management and ability to work in teams.
• Ability to collaborate and work in a diverse, dynamic setting.
• Deep problem-solving and critical-thinking abilities.
• Strong Excel/PowerPoint; programming experience a plus.

Responsibilities

• Work on a broad range of client projects in Health Practice.
• Interact with clients including insurers, providers, regulators, and PE firms.
• Contribute to valuation, reserve development, and capital management initiatives.
• Support pricing, product development, strategy, and other health practice projects.

Skills

Actuarial exams progress

5+ years actuarial exp

Organizational skills

Project management

Communication skills

Time management

Collaboration

Critical thinking

Motivation in dynamic env

MS Excel

MS PowerPoint

R/SAS/SQL/VBA

Education

Bachelor’s or Master’s degree in Actuarial Science/Math/Stats/Finance

Tools

MS Excel

MS PowerPoint

R

SAS

SQL

VBA

Job description

Company Overview

Health Practice of Oliver Wyman strives to be the consulting firm of choice for clients and employees, and to be recognized as the premier health actuarial consultancy by fostering the power of ideas to lead our industry, consistently helping clients achieve their strategicobjectives, and gaining trusted advisor status. The practiceseeksto inspire a team-oriented culture which fosters free flowing ideas, values diversity, and allows for challenges to the status quo. Its colleagues are proud to perform exciting, diverse, and leading-edge work. Our vision is to discover what lies beyond the obvious, achieve breakthroughs for our clients, and persist as an industry leader. Our mission is to be the leader in the integration of actuarial science, data science, and information technology to solve our clients’ most demanding challenges. We combine traditional actuarial principles with non-traditional solutions and communicate honestly and independently. We believe that diverse perspectives and approaches are business imperatives, and these can only stem from a diverse group of people. Investing in our people and local communities while delivering unequaled value to our clients is core to our mission at Oliver Wyman.

Job Description

As a Manager, you will work alongside and learn from Oliver Wyman’s industry leaders and other consultants while contributing to a broad range of client projects. You will eventually have interaction with Oliver Wyman’s clients, which include top tier insurance companies, healthcare systems, regulatory agencies, large employers with captive programs and private equity firms. You will be part of a motivated and highly knowledgeable team. The Health Practice of Oliver Wyman is rapidly growing and seeking individuals who are highly motivated to expand our team. The practiceseeksto inspire a collaborative, team-based culture which fosters free flowing ideas, values diversity and allows for challenges to the status quo. Its colleagues are proud to perform exciting, diverse, and leading-edge work.

Potential projects may include:

• Valuation and reserve development for medical and other A&H products


• Captive feasibility, funding, reserving, and risk/capital management


• Merger and acquisition management and support


• Economic Capital Modeling and Enterprise Risk Management


• Regulatory support – financial examinations and review of mergers and acquisitions


• Support of pricing, product development, strategy, and other project work performed within the health practice across all lines of business

Qualifications And Desired Skills

• Bachelor’s or Master’sdegree, preferably in Actuarial Science, Mathematics, Statistics,Financeor a related field


• Significant progress with actuarial exams,ASA/FSA preferred


• 5+ years of actuarial experience in the actuarial field, preferably in the health insurance market or healthcare provider market


• Exceptional organizational skills, with an ability to prioritize and handle multiple tasks in a fast-paced work environment


• Project management skills


• Track recordof anddesirefor rapid learning, high performance, and professional growth


• Excellent written and verbal communication skills, with the ability to build strong relationships with clients, colleagues, and industry stakeholders


• 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, MS PowerPoint required


• R, SAS, SQL,VBA, or other programing language experience a plus

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,introvertsand veterans of military service at Oliver Wyman.

In addition to competitive benefits, the Practice is dedicated to the success of actuarial students in their pursuit to become credentialed actuaries.Oliver Wyman offers a competitive study program which includes paid time off for exam study and exam day, financial support for materials, reimbursement of exam costs and salary increases subsequent to passing exams.Financial incentives such as first-time pass bonuses are provided in addition to the generous salary increases. The Practice’s managers understand the demands and dedication required to pass actuarial exams and are supportive and flexible with the actuarial students’ work loads.

Oliver Wyman offers a performance-based pay program that rewards colleagues for the contributions they make to our business results, including year-end bonuses based on personal and corporate performance. We also offer an impressive array of benefits. Explore all the benefits offered atUS Benefits | Marsh McLennan.

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

Marsh McLennan and its Affiliates are EOE Minority/Female/Disability/Vet/Sexual Orientation/Gender Identity employers.

The applicable base salary range for this role is $100,000 - $160,000.

The base pay offered will bedeterminedon factors such as experience, skills, training, location, certifications, and education, and any applicable minimum wage requirements. Decisions will bedeterminedon a case-by-case basis.

In addition to the base salary, this position may be eligible for performance-based incentives.

We are excited to offer a competitive total rewards package which includes health and welfare benefits, tuition assistance, 401K savings and other retirement programs as well as employee assistance programs.

Oliver Wyman is a business of Marsh (NYSE: MRSH), a global leader in risk, reinsurance and capital, people and investments, and management consulting, advising clients in 130 countries. With annual revenue of over $27 billion and more than 95,000 colleagues, Marsh helps build the confidence to thrive through the power of perspective. For more information, visitoliverwyman.com, or follow us on LinkedInandX.

The Actuarial Practice of Oliver Wyman, a Marsh business, advises clients across a broad spectrum of risk management issues. We are a rapidly growing group with offices expanding across the globe. Our actuaries hold the highest professional qualifications and are nationally recognized as experts in their field(s). We use mathematical and statistical modeling skills and our qualitative assessment methodologies to