Oliver Wyman Actuarial – Health Manager - Valuation/Reserving

About the role

As a Manager, you will work alongside and learn from Oliver Wyman’s industry leaders and other consultants while contributing to a broad range of client projects. You will eventually have interaction with Oliver Wyman’s clients, which include top tier insurance companies, healthcare systems, regulatory agencies, large employers with captive programs and private equity firms. You will be part of a motivated and highly knowledgeable team. The Health Practice of Oliver Wyman is rapidly growing and seeking individuals who are highly motivated to expand our team. The practice seeks to inspire a collaborative, team-based culture which fosters free flowing ideas, values diversity and allows for challenges to the status quo. Its colleagues are proud to perform exciting, diverse, and leading-edge work.

Responsibilities

• Valuation and reserve development for medical and other A&H products
• Captive feasibility, funding, reserving, and risk/capital management
• Merger and acquisition management and support
• Economic Capital Modeling and Enterprise Risk Management
• Regulatory support – financial examinations and review of mergers and acquisitions
• Support of pricing, product development, strategy, and other project work performed within the health practice across all lines of business

Qualifications

• Bachelor’s or Master’s degree, preferably in Actuarial Science, Mathematics, Statistics, Finance or a related field
• Significant progress with actuarial exams, ASA/FSA preferred
• 5+ years of actuarial experience in the actuarial field, preferably in the health insurance market or healthcare provider market

Desired Skills

• Exceptional organizational skills, with an ability to prioritize and handle multiple tasks in a fast-paced work environment
• Project management skills
• Track record of and desire for rapid learning, high performance, and professional growth
• Excellent written and verbal communication skills, with the ability to build strong relationships with clients, colleagues, and industry stakeholders
• 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, MS PowerPoint required
• R, SAS, SQL, VBA, or other programming language experience a plus

Benefits

• 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
• 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
• Health and welfare benefits, tuition assistance, 401K savings and other retirement programs as well as employee assistance programs

Pay

The applicable base salary range for this role is $100,000 – $160,000. The base pay offered will be determined on factors such as experience, skills, training, location, certifications, and education, and any applicable minimum wage requirements. Decisions will be determined on a case-by-case basis. In addition to the base salary, this position may be eligible for performance-based incentives.

Schedule

Marsh is committed to hybrid work, which includes the flexibility of working remotely and the collaboration, connections and professional development benefits of working together in the office. All Marsh colleagues are expected to be in their local office or working onsite with clients at least three days per week. Office-based teams will identify at least one “anchor day” per week on which their full team will be together in person.