Oliver Wyman Actuarial – Health Senior Manager – Commercial Pricing with Level Funded Experience

Company:

Oliver Wyman

Description:

Location:Remote(preferencehybrid inAtlanta Boston Chicago Milwaukee Philadelphia San Francisco Tampa Washington DC)

Company Overview

TheHealth PracticeofOliver Wymanstrives to be the consulting firm of choice for clients and employees and to be recognized as the premier health actuarial consultancy by fostering the power of ideas to lead our industry consistently helping clients achieve their strategicobjectives and gaining trusted advisor practiceseeksto inspire a team-oriented 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.

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. We combine traditional actuarial principles with non-traditional solutions and communicate honestly and independently. We believe that diverse perspectives and approaches are business imperatives and these can only stem from a diverse group of people. Investing in our people and local communities while delivering unequaled value to our clients is core to our mission at Oliver Wyman.

Job Description

As aSeniorManager you will work alongside and learn from Oliver Wymans industry leaders and other consultants while contributing to a broad range of client projects. You will have significant interaction with Oliver Wymans clients which include top tier insurance companiesandregulatory responsible foroverseeing the workflow ofprojectsmanaging the completion of multiple workstreams. You will actively support the development of team members contributing to their professional growth.

Potential projects may include:

• Leadthedevelopment ofpricingand rating processesfor level-funded andother groupcommercial health plans

• Health insurance product development modeling and analysis for theproducts in the commercialmarkets

• Set pricing assumptions trends and pricing methodologies

• Medical and pharmacy claims analysis including benchmarking to applicable industry experience

• Feasibility studies for startup operations or expansions of new products for payers providers or payer-provider partnerships

• Support ofregulatory changesand implementation

• Evaluation of provider contracts and the impact of changes on rates

• Analysis of value-based care and other risk-taking arrangements from both the payer and provider perspectives

• Opportunityanalysesfor improved total-cost-of-care management and population health

• Evaluation of risk scores andassistancewith improving risk score coding/capture

• Evaluation of care management programs

Qualifications and desired skills

• Bachelors or mastersdegree preferably in Actuarial Science Mathematics StatisticsFinanceor a related field

• 7 years of actuarial experience in thegroup commercialindustry with a preference for actuarial consulting and specific experienceworkingwith level-funded products

• Associate of the Society of Actuaries (ASA) or Fellow of the Society of Actuaries (FSA) credentials

• Ability todemonstrateautonomy with minimal Principal involvement while managing medium-to-large scale projects/workstreamsgenerally withhigher complexity.

• A track recordof 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 PythonVBAor other programming languages

Why work for Us

The Actuarial Practice of Oliver Wymanseeksto 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 lifeintrovertsand 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. Explore all the benefits offered atUS Benefits Marsh McLennan.

In addition to competitive benefits the Practice is dedicated to the success of actuarial students in their pursuitto becomecredentialed 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 increasessubsequent topassing incentives such as first-time pass bonuses are provided in addition to the generous salary increases. The Practices managers understand the demands and dedicationrequiredto 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 andcomplies withall relevant federal state and local laws.

Marsh McLennan and its Affiliates are EOE Minority/Female/Disability/Vet/Sexual Orientation/Gender Identity employers.

The applicable base salary range for this role is $152000 - $210000

The basepayoffered will bedeterminedonfactors such as experience skills training location certifications education exams and any applicable minimum wage requirements. Decisions will bedeterminedon a case-by-case addition to the base salary this position may be eligible for performance-based incentives.

Oliver Wyman is a business of Marsh (NYSE: MRSH) a global leader in risk reinsurance and capital people and investments and management consulting advising clients in 130 countries. With annual revenue of over $24 billion and more than 90000 colleagues Marsh helps build the confidence to thrive through the power of perspective. For more information or follow us onLinkedInandX.

The Actuarial Practice of Oliver Wyman a Marsh business advises clients across a broad spectrum of risk management issues. We are a rapidly growing group with offices expanding across the globe. Our actuaries hold the highest professional qualifications and are nationally recognized as experts in their field(s). We use mathematical and statistical modeling skills and our qualitative assessment methodologies to assist clients in evaluating and addressing risk. Our solutions help clients manage and prepare for the potential financial consequences of uncertain future events. We bring a combination of broad-based expertise with specialized knowledge of specific risks allowing us to provide independent objective advice in the three primary areas of risk: healthcare life and annuity and property and casualty.

Marsh is committed to embracing a diverse inclusive and flexible work environment. We aim to attract and retain the best people and embrace diversity of age background disability ethnic origin family duties gender orientation or expression marital status nationality parental status personal or social status political affiliation race religion and beliefs sex/gender sexual orientation or expression skin color veteran status (including protected veterans) or any other characteristic protected by applicable law. If you have a need that requires accommodation please let us know by contacting

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.