Company:

Oliver Wyman

Description:

Oliver Wyman – Actuarial Analyst (2025) – Health

Company Overview

Oliver Wyman is a global leader in management consulting. With offices in 70 cities across 30 countries, Oliver Wyman combines deep industry knowledge with specialized expertise in strategy, operations, risk management, and organization transformation. The firm has more than 7,000 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. Oliver Wyman is a business of Marsh McLennan [NYSE: MMC]. For more information, visit www.oliverwyman.com. Follow Oliver Wyman on X @OliverWyman.

The Actuarial Practice of Oliver Wyman provides customized actuarial services and strategic insight, supporting clients as they strive to exceed their business objectives. Our exceptional client and employee retention exemplify our commitment to relationships built on trust, responsiveness, and clear communication. The Health Practice strives 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 strategic objectives, and gaining trusted advisor status.

Job Description

Job Title: Actuarial Health - Analyst - 2025

Office/Regions available: Atlanta, Chicago, Milwaukee, Philadelphia

The Health Consulting practice seeks to inspire a collaborative, team-based culture which fosters free flowing ideas, values diversity and allows for challenges to the status quo. Our colleagues are proud to perform exciting, diverse, and leading-edge work to provide our clients solutions.

As an Actuarial Analyst, you will have unique exposure to work alongside and learn from Oliver Wyman’s industry leaders while contributing to a broad range of client projects. You will gain industry exposure with Oliver Wyman’s clients, which include prestigious insurance companies, provider health systems, state regulators, and private equity firms.

Potential projects may include:

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

Skills and Attributes

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

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.

Oliver Wyman provides a competitive compensation and benefits package, including an Actuarial Study Program and a supportive and flexible/hybrid work environment. Explore all the benefits offered at US Benefits| Marsh McLennan.

For more information, please visit our website at www.oliverwyman.com/actuaries.

About Marsh McLennan

Marsh McLennan (NYSE: MMC) is the world’s leading professional services firm in the areas of risk, strategy and people. The Company’s 83,000 colleagues advise clients in 130 countries. With annual revenue of nearly $20 billion, Marsh McLennan helps clients navigate an increasingly dynamic and complex environment through four market-leading businesses. Marsh provides data driven risk advisory services and insurance solutions to commercial and consumer clients. Guy Carpenter develops advanced risk, reinsurance and capital strategies that help clients grow profitably and pursue emerging opportunities. Mercer delivers advice and technology-driven solutions that help organizations redefine the world of work, reshape retirement and investment outcomes, and unlock health and wellbeing for a changing workforce. Oliver Wyman serves as a critical strategic, economic and brand advisor to private sector and governmental clients. For more information, visit marshmclennan.com, follow us on LinkedIn and Twitter or subscribe to BRINK.

Marsh McLennan 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 TANA@mmc.com.

Unrestricted U.S. work authorization is required. Oliver Wyman does not offer sponsorship for this position. (Please note that CPT and OPT are restricted forms of work authorization.)

The applicable base salary range for this role is $66,000 - $90,000.

The base pay offered will be determined on factors such as experience, skills, training, location, certifications, education, exams, 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.