Company:

Oliver Wyman

Description:

Job Title: Senior Manager – Actuarial Health 

Office/Regions available: Atlanta, Charlotte, Chicago, Dallas, Houston, Los Angeles, Nashville, New York, and San Francisco; other office/regions will be considered; hybrid 

Company Overview 

The Actuarial Consulting Practice of Oliver Wyman advises clients across a broad spectrum of risk management issues. We are a rapidly growing practice with offices across the globe. Our actuaries hold the highest professional qualifications and are 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. 

The Health Actuarial Practice of Oliver Wyman works with health organizations to manage their financial risks and support health care delivery by using advanced actuarial and modeling techniques.  

Oliver Wyman is a global leader in management consulting. We provide 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. 

With offices in more than 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 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 recognized by Fortune as one of the 100 Best Companies to work for. 

Mission Statement 

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.

We strive to be the consulting firm of choice for clients and employees, and to be recognized as the premier health actuarial consultancy. We value fostering the power of ideas to lead our industry, consistently helping clients achieve their strategic objectives, and gaining trusted advisor status. The practice promotes a team-oriented culture which fosters free flowing ideas, values diversity, and allows for challenges to the status quo. We invest in our people by nurturing 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. 

Job Description 

As a Senior Manager, you will work alongside and learn from Oliver Wyman’s industry leaders and other consultants while contributing to a broad range for client projects.  This candidate will be responsible for leading a team of consultants and analysts, overseeing projects in various sizes and complexities, to develop workable solutions for our clients.  You will collaborate with senior colleagues to lead client interactions and maintain a strong presence with Oliver Wyman’s exciting and diverse client portfolios, which include top tier insurance companies and provider health systems. You will have responsibility for workstreams of the projects, managing the completion of those workstreams and the teams. 

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. 

Potential projects may include: 

• Conducting an Rx (PBM, GPO, etc.) RFP evaluation on behalf of health plans 

• Initiating and managing Rx contract market checks 

• Validating discount and rebate guarantees against PBM contracts 

• Negotiating and advising on PBM contract language  

• Advising on strategic optimization of discounts and rebate terms 

Qualifications and desired skills:  

• Bachelor’s degree required 

• Deep subject matter expertise into the PBM operating model as well as pharmacy industry knowledge 

• 7+ years of experience in the PBM industry or consulting field, with an actuarial background preferred  

• Understanding across varying healthcare delivery modalities including Commercial, Medicaid, Medicare, and Individual Marketplace preferred 

• Strong knowledge of specialized pharmacy topics including: GPOs, 340b, NADAC, Retail Pharmacy Network Contracting, and emerging alternative PBM financial models 

• Credentialed Actuary is Preferred 

• Track record of and desire for rapid learning, high performance, and professional growth 

• Excellent interpersonal skills; strong oral and written communications skills 

• Strong organizational skills with an ability to prioritize and oversee multiple projects in a demanding work environment 

• Understanding of the value of collaboration and the ability to work effectively in a team setting 

• Deep critical-thinking skills and problem-solving ability to address complex client-oriented problems 

• Highly motivated individual and willingness to work in a dynamic environment 

Why Work for Us 

The 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. 

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 at US Benefits | Marsh McLennan. 

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

More About Oliver Wyman  

Oliver Wyman is a business of Marsh McLennan [NYSE: MMC]. For more information, visit www.oliverwyman.com. Follow Oliver Wyman on X @OliverWyman. 

The Oliver Wyman Group is a wholly owned subsidiary of Marsh McLennan Companies [NYSE: MMC]. Twitter @OliverWyman.  Marsh McLennan is committed to embracing a diverse, inclusive and flexible work environment. We aim to attract and retain the best people regardless of their gender, marital or parental status, ethnic origin, nationality, age, background, disability, sexual orientation, and gender expression. 

If you have a need that requires accommodation, please let us know by contacting [email protected]. 

About Oliver Wyman

Oliver Wyman is a global leader in management consulting. With offices in more than 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 6,000 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 Twitter @OliverWyman.

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 $150,000 - $210,000.

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.

We are excited to offer a competitive total rewards package which includes health and welfare benefits, tuition assistance, 401K savings and other retirement programs as well as employee assistance programs.

Oliver Wyman, a business of Marsh McLennan (NYSE: MMC), is a management consulting firm combining deep industry knowledge with specialized expertise to help clients optimize their business, improve operations and accelerate performance. Marsh McLennan is a global leader in risk, strategy and people, advising clients in 130 countries across four businesses: Marsh, Guy Carpenter, Mercer and Oliver Wyman. With annual revenue of $24 billion and more than 90,000 colleagues, Marsh McLennan helps build the confidence to thrive through the power of perspective. For more information, visit oliverwyman.com, or follow on LinkedIn and X.The Actuarial Practice of Oliver Wyman 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 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 [email protected] McLennan 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 McLennan 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.