Oliver Wyman Actuarial - Health Practice - Manager

Oliver Wyman; Chicago (IL); Hybrid; USD 100,000 - 130,000; Full time

Job summary

A global management consultancy seeks an Actuarial Manager in Chicago. This role involves contributing to various health consulting projects, offering expertise in actuarial science and project management. The ideal candidate will bring 4+ years of experience, preferably in the healthcare sector, and a track record of high performance. The firm promotes a flexible hybrid work environment and values diversity.

Benefits

Performance-based pay

Year-end bonuses

Diverse and inclusive work environment

Qualifications

• Minimum of two actuarial exams passed, with progress towards ACAS/FCAS preferred.
• 4+ years of actuarial experience in the actuarial field.
• Experience delegating project components and managing tasks.

Responsibilities

• Work on health insurance product development and modeling.
• Assist in setting pricing assumptions and methodologies.
• Analyze market dynamics and regulatory impacts.

Skills

Organizational skills

Project management

Communication skills

Time management

Critical thinking

Problem-solving

MS Excel

MS PowerPoint

SAS

SQL

R

Python

VBA

Education

Bachelor’s or Master’s degree in Actuarial Science, Mathematics, Statistics, Finance or related field

Job description

Oliver Wyman – Actuarial Manager – Health Practice

Location(s): Atlanta, Chicago, Milwaukee, San Francisco, Boston, Philadelphia or New York

Company Overview

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.

What We Do

Oliver Wyman provides customized actuarial services and strategic insight, supporting clients as they strive to exceed their business objectives. The Actuarial Consulting Practice of Oliver Wyman advises clients across a broad spectrum of risk management issues.

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. Potential projects may include:

• Health insurance product development, modeling, and analysis support specific to the ACA small group and individual markets, and large group markets
• Assisting with setting pricing assumptions, trends, and pricing methodologies
• Medical and pharmacy claims analysis, including benchmarking to applicable industry experience
• Market simulation analyses of proposed federal and state legislation
• Support of regulatory changes and implementation
• Evaluation of provider contracts and the impact of changes on rates
• Analysis of value-based care and other risk-taking arrangements
• Evaluation of care management programs

Qualifications And Desired Skills

Requirements include:

• Bachelor’s or Master’s degree, preferably in Actuarial Science, Mathematics, Statistics, Finance or a related field
• Minimum of two actuarial exams passed, additional exam progress towards ACAS/FCAS is preferred
• 4+ years of actuarial experience in the actuarial field, preferably in the commercial market or provider market
• Exceptional organizational skills, with an ability to prioritize and handle multiple tasks in a fast-paced work environment
• Experience delegating components of projects
• Project management skills
• Track record of and desire for 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, SAS, SQL, R, Python, VBA or other programming languages

Why Work for Us

Oliver Wyman offers a performance-based pay program, year-end bonuses, and an impressive array of benefits. The company is committed to embracing a diverse, inclusive, and flexible work environment.

Marsh McLennan is committed to hybrid work, which includes the flexibility of working remotely and the collaboration, connections, and professional development benefits of working together in the office.