Oliver Wyman – Actuarial Consultant – Health Practice
Type: Full Time
Preferred Education: 4 Year Degree
4 Year Degree
Oliver Wyman – Actuarial Consultant – Health Practice
Location(s): Atlanta, Chicago, Milwaukee, Philadelphia or New York
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 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 wholly owned subsidiary of Marsh McLennan [NYSE: MMC]. Twitter @OliverWyman.
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.
The Actuarial Consulting Practice of Oliver Wyman advises clients across a broad spectrum of risk management issues. We are a rapidly growing practice with offices across the globe. Our actuaries hold the highest professional qualifications and are nationally recognized as experts in their field(s).
The 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 strategic objectives, and gaining trusted advisor status. The practice seeks to 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.
As a Consultant, 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 practice seeks to 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:
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
Bachelor’s or Master’s degree, preferably in Actuarial Science, Mathematics, Statistics, Finance or a related field
2+ years of actuarial experience in the actuarial field, preferably in the commercial market or provider market
Significant progress towards Associate of the Society of Actuaries (ASA) credentials
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, MS PowerPoint, 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 act 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 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 at US Benefits | Marsh McLennan.
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 is committed to the principles for equal employment opportunity and complies with all relevant federal, state, and local laws.
Oliver Wyman Actuarial
We help clients turn risk into opportunity by pairing science and art to develop solutions to their most pressing challenges around risk and insurance. While data analysis is the backbone of our work, our ingenuity produces innovative solutions that tackle seemingly unsolvable issues.
We use mathematical and statistical modeling skills and our qualitative assessment methodologies to assist clients in evaluating and addressing risk. Our solutions help clients manage and prepare for the potential financial consequences of uncertain future events. We bring a combination of broad-based expertise with specialized knowledge of specific risks, allowing us to provide independent, objective advice in the three primary areas of risk: healthcare, life and annuity, and property and casualty.
What We Do
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 a 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 sol...utions 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.
For more information, please visit our website at www.oliverwyman.com/actuaries