Oliver Wyman Actuarial - Health Manager - Commercial Pricing with Level Funded Experience

LocationLocation: Remote (preference hybrid in Atlanta, Boston, Chicago, Milwaukee, Philadelphia, San Francisco, Tampa, Washington DC)Company OverviewThe 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 by fostering the power of ideas to lead our industry, consistently helping clients achieve their strategic objectives, and gaining trusted advisor status. The practice seeks to 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 DescriptionAs 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 have significant interaction with Oliver Wyman's clients, which include top tier insurance companies and regulatory agencies. You will be responsible for overseeing the workflow of projects, managing the completion of multiple workstreams. You will actively support the development of team members, contributing to their professional growth.Potential ProjectsLead the development of pricing and rating processes for level-funded and other group commercial health plansHealth insurance product development, modeling, and analysis for the products in the commercial marketsSet 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 SkillsBachelor's or master's degree, preferably in Actuarial Science, Mathematics, Statistics, Finance or a related field7+ years of actuarial experience in the group commercial industry, with a preference for actuarial consulting, and specific experience working with level-funded productsAssociate of the Society of Actuaries (ASA) or Fellow of the Society of Actuaries (FSA) credentialsAbility to demonstrate autonomy with minimal Principal involvement while managing medium-to-large scale projects/workstreams, generally with higher complexityA track 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 languagesWhy Work for UsThe 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. Explore all the benefits offered.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 top 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.Equal Employment OpportunityOliver 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.CompensationThe 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, 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.J-18808-Ljbffr