Hybrid Actuarial Health Manager – Valuation/Reserving

at Marsh McLennan

• Job title: Actuarial Health Manager – Valuation/Reserving
• Job type: Full Time
• Experience level: Mid level, Senior
• Salary: $100,000 - $160,000 per year
• Degree requirement: Bachelor's Degree
• Tech skills: SQL, VBA
• Location requirements: Hybrid, New York City, United States

About the role

• Manager in health actuarial consultancy supporting diverse projects for top tier clients in insurance and healthcare. Collaborating with a highly knowledgeable team to drive client success with an innovative approach.

Responsibilities

• Work alongside and learn from Oliver Wyman’s industry leaders and other consultants while contributing to a broad range of client projects
• Interact with Oliver Wyman’s clients, which include top tier insurance companies, healthcare systems, regulatory agencies, large employers with captive programs, and private equity firms
• Be part of a motivated and highly knowledgeable team
• Engage in valuation and reserve development for medical and other A&H products
• Conduct captive feasibility, funding, reserving, and risk/capital management
• Provide merger and acquisition management and support
• Carry out economic capital modeling and enterprise risk management
• Provide regulatory support – financial examinations and review of mergers and acquisitions
• Support of pricing, product development, strategy, and other project work performed within the health practice across all lines of business

Requirements

• Bachelor’s or Master’s degree, preferably in Actuarial Science, Mathematics, Statistics, Finance or a related field
• Significant progress with actuarial exams, ASA/FSA preferred
• 5+ years of actuarial experience in the actuarial field, preferably in the health insurance market or healthcare provider market
• Exceptional organizational skills, with an ability to prioritize and handle multiple tasks in a fast-paced work environment
• Project management skills
• Track record of and desire for rapid learning, high performance, and professional growth
• Excellent written and verbal communication skills, with the ability to build strong relationships with clients, colleagues, and industry stakeholders
• 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, MS PowerPoint required
• R, SAS, SQL, VBA, or other programming language experience a plus

Benefits

• Competitive benefits
• Paid time off for exam study and exam day
• Financial support for materials
• Reimbursement of exam costs
• Salary increases subsequent to passing exams
• First-time pass bonuses
• Performance-based pay program with year-end bonuses