Oliver Wyman Actuarial – Manager/ Senior Manager Business Analyst - Health Practice

Oliver Wyman Group • Milwaukee, WI

10d • $140,000 - $180,000 • Hybrid

About The Position

Oliver Wyman’s Health Practice is seeking a Manager/Senior Manager Business Analyst to support complex technology, data, and business initiatives across the health insurance and healthcare sectors. The role partners with Product Owners, actuaries, consultants, technology teams, and clients to translate business needs into practical solutions, leading initiatives from discovery through implementation and ensuring solutions deliver measurable value.

The Business Analyst will lead requirements and process analysis, manage product backlogs, support Agile delivery, and coordinate validation and implementation readiness. The role also contributes to work across health insurance, healthcare analytics, pricing, product development, reserving, risk management, regulatory matters, and strategic planning. The position includes presenting recommendations to senior stakeholders, mentoring junior Business Analysts, and building strong client and colleague relationships.

Oliver Wyman describes its Actuarial Practice as combining actuarial science, data science, and information technology to address client challenges. The firm promotes an inclusive, team-oriented culture and supports actuarial students through a study program that includes paid exam study and exam-day leave, financial support for study materials, reimbursement of exam costs, salary increases after passing exams, and potential first-time pass bonuses. The role offers a base salary range of $140,000–$180,000 and may be eligible for performance-based incentives. The total rewards package includes health and welfare benefits, tuition assistance, 401(k) savings and other retirement programs, and employee assistance programs. Marsh operates a hybrid work model; colleagues are expected to work from their local office or onsite with clients at least three days per week, with office-based teams identifying at least one weekly anchor day for in-person collaboration.

Requirements

• Bachelor’s or master’s degree in Business, Actuarial Science, Mathematics, Statistics, Finance, Information Systems, or a related field.
• 7+ years of experience in business analysis, product delivery, consulting, healthcare, health insurance, actuarial services, or a related field.
• Experience leading business analysis activities from discovery through implementation.
• Experience working in an Agile environment, including Scrum or Kanban.
• Strong knowledge of requirements gathering, process modeling, user stories, acceptance criteria, backlog management, and user acceptance testing.
• Experience working with Product Owners, technology teams, business stakeholders, and senior leaders.
• Strong analytical, critical-thinking, problem-solving, project management, and organizational skills.
• Excellent written, verbal, facilitation, presentation, and stakeholder management skills.
• Ability to work independently, manage competing priorities, and make sound decisions with limited direction.
• Advanced proficiency in Microsoft Excel and PowerPoint.

Nice To Haves

• Knowledge of health insurance, healthcare, employee benefits, actuarial consulting, or the broader insurance industry.
• Experience with Visio, Access, Jira, or Azure DevOps.
• Experience with SQL, R, SAS, VBA, Python, or another programming language.

Responsibilities

• Partner with Product Owners, consultants, clients, and technology teams to define objectives, roadmaps, and delivery priorities.
• Lead requirements gathering, stakeholder interviews, workshops, process analysis, and solution design.
• Develop business requirements, process flows, user stories, functional requirements, and acceptance criteria.
• Translate complex business, actuarial, operational, and regulatory needs into clear direction for delivery teams.
• Manage and refine product backlogs, ensuring features and user stories align with business priorities.
• Facilitate Agile ceremonies, including planning, backlog refinement, showcases, and retrospectives.
• Support initiatives involving health insurance, healthcare analytics, pricing, product development, reserving, risk management, regulatory matters, and strategic planning.
• Collaborate with System Analysts, developers, actuaries, data scientists, and quality assurance teams.
• Support user acceptance testing, business validation, implementation readiness, and stakeholder sign-off.
• Track scope, risks, issues, dependencies, and decisions across multiple workstreams.
• Present recommendations, options, and trade-offs to senior stakeholders.
• Mentor junior Business Analysts and contribute to continuous improvement of delivery practices.
• Build strong relationships with clients, colleagues, and industry stakeholders.

Benefits

• Competitive benefits, including health and welfare benefits.
• Tuition assistance.
• 401(k) savings and other retirement programs.
• Employee assistance programs.
• Performance-based incentives, including potential year-end bonuses based on personal and corporate performance.
• Actuarial student study program with paid time off for exam study and exam day, financial support for materials, reimbursement of exam costs, salary increases after passing exams, and potential first-time pass bonuses.

What This Job Offers

• Job Type: Full-time
• Career Level: Manager