Marsh McLennan

Oliver Wyman Actuarial - Health Consultant

Marsh McLennan$80K — $135K *
Healthcare
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • 5-7 years of actuarial experience, preferably in health insurance or healthcare provider markets.
  • Bachelor's or Master's degree in Actuarial Science, Mathematics, Statistics, Finance or a related field.
  • Progress towards actuarial certification (ASA/FSA preferred).
  • Strong communication and relationship-building skills, particularly with clients and stakeholders.
  • Exceptional organizational and time management abilities to handle multiple tasks.
  • Proficiency in Excel and PowerPoint; familiarity with R, SAS, SQL, or VBA is a plus.

Responsibilities

  • Build and maintain VRDC programs/queries to extract Medicare data.
  • Translate business requirements and healthcare logic into technical specifications.
  • Develop, test, and validate extraction logic for accuracy and business alignment.
  • Support data delivery into AWS/Databricks data lake for broader access.
  • Conduct data quality checks and document extraction processes.
  • Produce insights through HTML reports and Excel-based outputs.
  • Collaborate with internal stakeholders to refine requirements and improve data products.

Benefits

  • Health and welfare benefits.
  • Tuition assistance for professional development.
  • 401K savings and retirement programs.
  • Employee assistance programs.
  • Flexible hybrid work environment with remote and in-office opportunities.
Full Job Description
Company:
Oliver Wyman

Description:

Job Description

We are seeking a Medicare data professional to support the development of national healthcare data products by translating business requirements into programs and complex queries within the CMS Virtual Research Data Center (VRDC). This role is a backfill for a former VRDC seat holder and will play a key role in extracting, validating, and delivering Medicare-derived datasets used to power client solutions and internal actuarial analysis. The successful candidate will be comfortable working in highly governed data environments and partnering with business stakeholders to reproduce complex business logic in code.

Responsibilities
  • Serve as a key contributor (and VRDC power user) responsible for building and maintaining VRDC programs/queries to extract Medicare data.
  • Translate business requirements and healthcare business logic into implementable technical specifications and VRDC query logic.
  • Develop, test, and validate complex extraction logic to ensure outputs align to business definitions and intended use cases.
  • Support delivery of approved VRDC extracts into the organization's AWS/Databricks data lake, enabling broader access for actuarial and analytics teams.
  • Perform data quality checks and documentation to support repeatable, auditable extracts and downstream use.
  • Produce and/or support delivery of insights via web-based (HTML) reporting and Excel-based outputs (Power BI/Tableau are not used).
  • Partner with internal stakeholders (e.g., actuaries, analytics leads, product teams) to refine requirements, troubleshoot results, and improve data products.
  • Contribute to building scalable, reusable datasets and processes that support commercialization of Medicare-based data products for external clients (providers, health systems, medical groups).


Qualifications Required
  • Experience working with CMS Medicare data and familiarity with common Medicare datasets and terminology.
  • Hands-on experience working in the VRDC environment (including understanding of VRDC constraints, workflows, and data model concepts).
  • Strong ability to translate ambiguous business requirements into clear technical logic and executable queries/programs.
  • Proficiency in SQL and experience using Python for data analysis and validation.
  • Practical experience working with datasets in Excel for validation, reconciliation, or client-ready outputs.
  • Demonstrated ability to perform data quality validation and document extraction logic for reuse and governance.


Preferred
  • Experience supporting a governed workflow where files require approval prior to download/ingestion.
  • Familiarity with AWS and Databricks and contributing to data lake ingestion patterns.
  • Experience producing or supporting HTML/web-based reporting (or working with teams that deliver web-based analytics outputs).
  • Background building reusable datasets or "data products" intended for external client delivery (e.g., healthcare providers, systems, medical groups).
  • Prior experience as a VRDC seat holder or in a similar access-controlled research/data environment.


Job Description

As a Manager, you will work alongside and learn from Oliver Wyman's industry leaders and other consultants while contributing to a broad range of client projects. You will eventually have interaction with Oliver Wyman's clients, which include top tier insurance companies, healthcare systems, regulatory agencies, large employers with captive programs and private equity firms. You will be part of a motivated and highly knowledgeable team.

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:
  • Valuation and reserve development for medical and other A&H products
  • Captive feasibility, funding, reserving, and risk/capital management
  • Merger and acquisition management and support
  • Economic Capital Modeling and Enterprise Risk Management
  • 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


Qualifications and desired skills
  • 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 programing language experience a plus

The applicable base salary range for this role is $80,000 - $135,000.

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 is a business of Marsh (NYSE: MRSH), a global leader in risk, reinsurance and capital, people and investments, and management consulting, advising clients in 130 countries. With annual revenue of over $27 billion and more than 95,000 colleagues, Marsh helps build the confidence to thrive through the power of perspective. For more information, visit oliverwyman.com, or follow us on LinkedIn and X.

The Actuarial Practice of Oliver Wyman, a Marsh business, 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 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 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.

About Marsh McLennan

Marsh McLennan Careers

Join the exceptional team at Marsh McLennan, a global leader in professional services, offering unparalleled job opportunities in insurance, risk management, and consultancy. As the company propels forward, it invites dedicated professionals to contribute to a culture of innovation, leadership, and growth.

Work You’ll Do

At Marsh McLennan, you will engage with complex challenges that push the boundaries of your skills and knowledge. Our team thrives on diversity and the shared goal of delivering impactful solutions to our clients worldwide. By joining us, you will be part of a culture that values diversity training and leadership development, ensuring every team member is equipped for success.

Explore Professional Growth

Marsh McLennan is committed to the professional growth of its employees. Whether you are seeking a position that offers a path to leadership or looking for robust internship programs to kickstart your career, Marsh McLennan provides the resources and global platform to propel your ambitions into achievements. Our benefits package is designed to support the well-being and continuous professional development of all staff, from entry-level to senior leadership roles.

Innovative Work Environment

Our company is at the forefront of industry innovation. The collaboration between experienced professionals and fresh talent generates dynamic solutions that keep Marsh McLennan at the cutting edge of the industry. Our team is encouraged to lead with creativity and embrace new ideas, driving the company’s legacy of pioneering industry-first solutions.

Join Our Team

Marsh McLennan is hiring! Explore the multitude of job opportunities on our careers page, from strategic advisory roles to operational excellence positions. We look for passionate, curious, and solution-driven team players. Enhance your career with Marsh McLennan, where your skills will be honed through challenging projects and high-impact strategies.

Networking and Career Advancement

Networking at Marsh McLennan opens doors to enriching connections and countless opportunities within the industry. Our professionals benefit from an environment that fosters networking through events, professional groups, and collaborative projects. With Marsh McLennan, career advancement is not just a possibility—it is an expectation.

Prepare for Your Interview

Ready to apply? Make sure your resume highlights your most relevant experiences and skills tailored to the position you are applying for. Our interview process is designed to understand your capabilities and fit with our team’s goals and values. Prepare to discuss how your background, experiences, and professional aspirations align with the opportunities at Marsh McLennan.

Stay Connected

Keep up to date with the latest from Marsh McLennan: - **Career Insights**: Gain insider perspectives and industry-leading insights through our careers blog. - **Job Alert Emails**: Personalize your subscription to receive job alerts and the latest news tailored to your preferences. Discover the rewarding career opportunities awaiting at Marsh McLennan, where your professional journey is just the beginning. Join us in shaping a future defined by insight, integrity, and innovation.
Learn more about Marsh McLennan
Size
83,000 employees
Market Cap
$82.6 billion
Industry
Net Income
$2 billion
Founded
1914
5 Year Trend
+8.5%
Revenue
$17.2 billion
NASDAQ

Similar Jobs

More Jobs at Marsh McLennan

More Healthcare Jobs

Find similar Oliver Wyman Actuarial - Health Consultant jobs: