Oliver Wyman Actuarial Analyst (2025) Health

$66,000 - $90,000/Yr

Marsh McLennan - Chicago, IL

Full-time - Entry Level

Hybrid - Chicago, IL

5,001-10,000 employees

Insurance Carriers and Related Activities

About the position

The Actuarial Analyst position at Oliver Wyman is designed for individuals who are eager to learn and contribute to a variety of client projects within the Health Consulting practice. This role offers unique exposure to industry leaders and involves working on diverse projects that support clients in achieving their business objectives. The position emphasizes collaboration, critical thinking, and problem-solving skills, while providing opportunities for professional growth and development in a supportive environment.

Responsibilities

• Support health insurance product development, modeling, and analysis.
• Assist in care management design and operational efficiency optimization.
• Conduct pricing assumption analysis and trend analysis.
• Review model methodologies and perform medical and pharmacy claims analysis.
• Provide financial reporting and valuation support.
• Conduct market simulation analyses of proposed federal and state legislation.
• Participate in mergers & acquisitions due diligence, including assumption review and model building.
• Conduct feasibility studies for startup operations or new product expansions.
• Support regulatory changes and implementation efforts.
• Analyze value-based care and other risk-taking arrangements.

Requirements

• Bachelor's or Master's degree in Actuarial Science, Mathematics, Statistics, Finance, or a related field.
• Actively pursuing actuarial credentials.
• Demonstrated track record of rapid learning and high performance.
• Strong written and oral communication skills.
• Excellent time management skills.
• Ability to collaborate effectively in a team setting.
• Deep critical-thinking skills and problem-solving ability.
• Highly motivated and willing to work in a dynamic environment.
• Proficiency in MS Excel, SAS, SQL, R, Python, VBA, or other programming languages.

Benefits

• Competitive compensation package
• Actuarial Study Program
• Supportive and flexible/hybrid work environment