Oliver Wyman Actuarial – Business Development Principal - Health

Marsh McLennan•Philadelphia, PA

2d•$220,000 - $270,000•Hybrid

About The Position

As a Principal, you will work alongside and learn from Oliver Wyman’s industry leaders and other experienced consultants while contributing to a broad range of client solutions. You will achieve significant interaction and visibility with Oliver Wyman’s clients, which include top-tier insurance companies and provider health systems. You will be leading client pursuit and execution teams, client management, project management, and peer review. Potential projects may include: Bid development/pricing: leading the pricing of products from assistance with strategic positioning and product design to overseeing the development of assumptions, providing actuarial certification and final upload to post submission bid support Feasibility studies: assisting clients with new entries or expansions of products, development of pro forma financial projections to assess the risk of market entrance and understanding the levers they may need to pull to achieve the desired financial results Experience studies: undertaking deep dive reviews of the client’s lines of business to understand drivers of financial results Product design and positioning: competitive landscape analyses of products and prices to assist clients in making product design decisions and market position and helping them understand the levers they would need to utilize in pricing these products to achieve their goals and remain financially viable Collaboration: Work in partnership with Oliver Wyman’s management consulting practice (Health and Life Sciences division) on broader strategy engagements

Requirements

FSA with 8+ years of experience in the actuarial field
Experience working in the consulting space
Track record of business development, including sourcing and building client relationships, and selling and expanding consulting engagements, both with existing clients and new prospects
Strong written and oral communication skills
Excellent time and project management skills
Ability to work independently and direct junior staff on client pursuit, projects and intellectual capital development
Leading others in a collaborative, team setting
Deep critical-thinking skills and problem-solving ability
Experience communicating results and impact to clients or senior management
Highly motivated individual and willingness to work in a dynamic environment

Responsibilities

Leading client pursuit and execution teams
Client management
Project management
Peer review
Leading the pricing of products from assistance with strategic positioning and product design to overseeing the development of assumptions, providing actuarial certification and final upload to post submission bid support
Assisting clients with new entries or expansions of products, development of pro forma financial projections to assess the risk of market entrance and understanding the levers they may need to pull to achieve the desired financial results
Undertaking deep dive reviews of the client’s lines of business to understand drivers of financial results
Competitive landscape analyses of products and prices to assist clients in making product design decisions and market position and helping them understand the levers they would need to utilize in pricing these products to achieve their goals and remain financially viable
Work in partnership with Oliver Wyman’s management consulting practice (Health and Life Sciences division) on broader strategy engagements

Benefits

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.

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