Oliver Wyman Actuarial Health Manager

Manager Medicare Advantage ExperienceOliver 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.The Actuarial Health Practice of Oliver Wyman works with health organizations to manage their financial risks and support health care delivery by using advanced actuarial and modeling techniques. 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. The practice seeks to inspire a team-oriented culture which fosters free flowing ideas, values diversity, and allows for challenges to the status quo.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.As a Manager, you will work alongside and learn from Oliver Wyman's industry leaders and other consultants while contributing to a broad range for client projects. You will eventually have significant interaction with Oliver Wyman's clients, which include top tier insurance companies and provider health systems. You will have responsibility for workstreams of the projects, managing the completion of those workstreams and the teams.Potential projects may include:Health insurance product development, modeling, and analysis for the Medicare Advantage marketsMedicare Advantage bid development, both Part C and DSetting pricing assumptions, trends, and pricing methodologiesMedical and pharmacy claims analysis, including benchmarking to applicable industry experienceFeasibility studies for startup operations or expansions of new products for payers, providers, or payer-provider partnershipsSupport of regulatory changes and implementationEvaluation of provider contracts and the impact of changes on ratesAnalysis of value-based care and other risk-taking arrangements from both the payer and provider perspectivesOpportunity analyses for improved total-cost-of-care management and population healthEvaluation of risk scores and assistance with improving risk score coding/captureEvaluation of care management programsQualifications and desired skills:Bachelor's or Master's degree required, preferably in Actuarial Science, Mathematics, Statistics, Finance or a related field4+ years of actuarial experience in the Medicare Advantage industry focused on Part C bids, with a preference for actuarial consulting experienceProgress towards Associate of the Society of Actuaries (ASA) credentialsTrack record of and desire for rapid learning, high performance, and professional growthStrong written and oral communication skillsExcellent time management skillsUnderstanding of the value of collaboration and the ability to work effectively in a team settingDeep critical-thinking skills and problem-solving abilityHighly motivated individual and willingness to work in a dynamic environmentStrong skills with MS Excel, SAS, SQL, R, Python, VBA or other programming languagesThe 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.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. Marsh McLennan and its Affiliates are EOE Minority/Female/Disability/Vet/Sexual Orientation/Gender Identity employers.