Description:

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 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.

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 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.

Oliver Wyman provides a competitive compensation and benefits package. Explore all the benefits offered at www.connect.mmc.com.

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.

Job description

Job Title: Health Partner and Practice Leader

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 and has over 70 employees across 6 offices in North America. Oliver Wyman is recognized by Fortune as one of the 100 Best Companies to work for.

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.

Our Health Practice is seeking a highly skilled and experienced Actuarial Consulting Health Practice Leader to join our established, yet growing, ambitious team of consulting healthcare actuaries, and will report to the Global Life and Health Leader. As Partner and Practice Leader, you will be responsible for guiding and inspiring the team, driving organizational success, and collaborating with our clients, industry partners, and other corporate leaders. You will be responsible for providing the Practice’s strategic direction, business development and client relationships, and continued delivery of high-quality actuarial solutions. This senior-level position requires strong leadership experience, business development skills and relationships with senior industry executives, deep understanding of the health insurance landscape and the demonstrated ability to navigating complex projects and teams through challenging business environments.

The successful candidate understands the importance of fostering a strong team-oriented, supportive culture focused on growth, learning, and a shared passion for delivering insights and impact that assist our clients in achieving their vision.

Responsibilities may include:

Develop and execute the strategic vision for the Health practice, aligning it with the overall Oliver Wyman growth and profitability objectives.Provide leadership and guidance to a team of actuarial consultants, fostering a collaborative and high-performance culture.Drive business and market development efforts including identifying market trends, emerging issues, and opportunities to drive growth and innovation across the practice.Establish and maintain high-level relationships with existing Oliver Wyman clients, including identifying collaboration opportunities with other part of MarshMcLennan and Oliver Wyman, including our Health and Life Sciences business.Provide direction of Practice investments in thought leadership, intellectual capital development and other emerging service offerings.Maintain Oliver Wyman’s reputation as an industry leader in the Health industry to foster the Practice’s growth and aid in hiring and retention of a high performing team of actuariesInspire and instill a practice culture that encompasses our firm’s values including: working together for a common purpose, continuous professional and personal growth, and the importance of compassion, transparency, trust, and acceptance of diverse opinions.

Qualifications and desired skills

Minimum fifteen years’ experience in the actuarial healthcare industry, with prior consulting experienceFellow of the Society of Actuaries (FSA) or equivalent professional designationDeep knowledge of the healthcare insurance industry, including ACA products, Medicare Advantage products, Pharma and Providers; the ability to spot trends, implement best practices, and navigate and adapt to regulations and changesStrong business expertise with prior experience of developing and executing a strategic plan, manage financial performance, and drive business developmentDemonstration of ability to sell actuarial projects and services via a deep network of industry executives.Proven record of leading and managing teams through high stress, fast-paced and demanding environments, with a calm, understanding and positive attitude, while achieving desired resultsExcellent communication and interpersonal skills with the ability to build relationships and effectively collaborate with diverse teams of clients, colleagues, and industry stakeholdersDemonstrated leadership skills with the ability to inspire and mentor staff, committed to the growth and development of the team and PracticeAbility to foster a diverse and inclusive culture of trust, transparency and accountability, as well as development of innovative and entrepreneurial leaders

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.

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 by Oliver Wyman at www.connect.mmc.com

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 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.

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 is committed to the principles for equal employment opportunity and complies with all relevant federal, state, and local laws.