• Job Description

  Req#: R_242026

  Company:

  Oliver Wyman

  Description:

  Oliver Wyman – Actuarial Intern - Summer 2024 – Health

  Company Overview

  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 MarshMcLennan [NYSE: MMC].

  The Actuarial Practice of Oliver Wyman provides customized actuarial consulting services to public and private enterprises, self-insured group organizations, insurance companies, government entities, insurance regulatory agencies and other organizations.

  Job Description

  Job Title: Summer 2024 Health Intern

  Office/Regions available: Open to several Oliver Wyman office locations

  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.

  As an Actuarial Intern, you will work alongside and learn from Oliver Wyman’s industry leaders and other consultants while contributing to a broad range for client projects. You will gain industry exposure with Oliver Wyman’s clients, which include top tier insurance companies, provider health systems, state regulators, and private equity firms.

  Potential projects may include:

  • Health insurance product development, modeling and analysis support
  • Care management design and operational efficiency optimization
  • Pricing assumption analysis, trend analysis and model methodology reviews
  • Medical and pharmacy claims analysis, including benchmarking to applicable industry experience
  • Financial reporting and valuation support
  • Market simulation analyses of proposed federal and state legislation
  • Mergers & acquisitions due diligence including assumption review, model build and valuation
  • Feasibility studies for startup operations or expansions of new products
  • Support of regulatory changes and implementation
  • Analysis of value-based care and other risk-taking arrangements

  Skills and Attributes

  • Working towards Bachelor’s or Master’s degree, preferably in Actuarial Science, Mathematics, Statistics, Finance or a related field
  • Commitment to passing actuarial exams
  • Track record of and desire for rapid learning, high performance, and professional growth
  • Strong written and oral communication skills
  • 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
  • Exposure to MS Excel, SAS, SQL, R, Python, VBA or other programming languages

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

  Oliver 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.

  The applicable salary range for this role is $1,000 to $1,450 per week.

  The salary offered will be determined on factors such as experience, skills, training, location, certifications, education, and any applicable minimum wage requirements. Decisions will be determined on a case-by-case basis.

• About the company

  Marsh & McLennan Companies, Inc. is a global professional services firm, headquartered in New York City with businesses in insurance brokerage, risk management, reinsurance services, talent management, investment advisory, and management consulting.

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