Oliver Wyman Actuarial Consulting - Analyst, Health Practice

Marsh McLennan • New York, NY

261d • $70,000 - $100,000 • Hybrid

About The Position

As an Analyst, you will work alongside and learn from Oliver Wyman's industry leaders and other experienced consultants while contributing to a broad range of client projects. You will achieve interaction and visibility with Oliver Wyman's clients, which include top tier insurance companies, provider health systems, state regulators, and private equity firms. Potential projects may include: Medicare Bid Support: Assisting the bid development for Medicare Advantage products including product development, modeling, and analysis; Commercial Pricing Support: Assisting the pricing of health insurance products including product development, modeling, and analysis support specific to the ACA small group and individual markets, and large group markets; Medical and Pharmacy Claims Analysis: Supporting claim-line level analytics including benchmarking to applicable industry experience; Market Simulation Analyses: Supporting analyses of proposed federal and state legislation; Regulatory Support: Examining impact of regulatory changes and assisting clients with their implementation; Provider Contract Analysis: Evaluation of provider contracts and the impact of changes on rates; Value-based Care: Analyzing value-based care and other risk-taking arrangements from both the payer and provider perspectives.

Requirements

• Bachelor's or Master's degree required, preferably in Actuarial Science, Mathematics, Statistics, Finance or a related field.
• 1 - 3 years of actuarial experience in the actuarial field.
• 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 and project management skills.
• Ability to work independently on both client projects and intellectual capital development.
• 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, SAS, SQL, R, VBA or other programming languages.

Responsibilities

• Assist in the bid development for Medicare Advantage products including product development, modeling, and analysis.
• Support the pricing of health insurance products including product development, modeling, and analysis for ACA small group and individual markets, and large group markets.
• Conduct claim-line level analytics including benchmarking to applicable industry experience.
• Support analyses of proposed federal and state legislation.
• Examine the impact of regulatory changes and assist clients with their implementation.
• Evaluate provider contracts and the impact of changes on rates.
• Analyze value-based care and other risk-taking arrangements from both the payer and provider perspectives.

Benefits

• Base salary range of $70,000 - $100,000 USD.
• Performance-based incentives.
• Health and welfare benefits.
• 401K savings and other retirement programs.
• Employee assistance programs.
• Paid time off for exam study and exam day.
• Financial support for materials and reimbursement of exam costs.
• Salary increases subsequent to passing exams.
• First-time pass bonuses.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Industry: Insurance Carriers and Related Activities
• Education Level: Bachelor's degree