Actuarial Health Consultant

5 days ago


Chicago, Illinois, United States Marsh & McLennan Companies Full time

We are seeking a talented Actuarial Analyst to join our team at Oliver Wyman, a global leader in management consulting. This role offers unique exposure to work alongside and learn from industry leaders while contributing to a broad range of client projects.

Company Overview

Oliver Wyman is a business of Marsh McLennan [NYSE: MMC], the world's leading professional services firm in the areas of risk, strategy, and people. With annual revenue of nearly $20 billion, we help clients navigate an increasingly dynamic and complex environment through four market-leading businesses.

As an Actuarial Analyst, you will have the opportunity to work with prestigious insurance companies, provider health systems, state regulators, and private equity firms on various projects, including:

  • Health insurance product development, modeling, and analysis support
  • Care management design and operational efficiency optimization
  • Pricing assumption analysis, trend analysis, model methodology reviews
  • Medical and pharmacy claims analysis, including benchmarking to applicable industry experience
  • Financial reporting and valuation support
  • Market simulation analyses of proposed federal and state legislation
  • Mergers & acquisitions due diligence, including assumption review, model build, and valuation
  • Feasibility studies for startup operations or expansions of new products
  • Support of regulatory changes and implementation
  • Analysis of value-based care and other risk-taking arrangements
Required Skills and Qualifications

To be successful in this role, you should possess:

  • Bachelor's or Master's degree, preferably in Actuarial Science, Mathematics, Statistics, Finance, or a related field
  • Actively pursuing actuarial 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, SAS, SQL, R, Python, VBA, or other programming languages
Benefits

We offer a competitive compensation package, including:

  • An estimated base salary of $80,000 - $110,000 per year
  • A comprehensive benefits program, including medical, dental, and vision coverage
  • A 401(k) plan with company match
  • Flexible and hybrid work arrangements
  • Ongoing training and professional development opportunities
About Marsh McLennan

Marsh McLennan is committed to embracing a diverse, inclusive, and flexible work environment. We aim to attract and retain the best people and celebrate differences. If you have a need that requires accommodation, please let us know by contacting our HR department.



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