Oliver Wyman Group
Description MMA Mid-Atlantic \u2013 Raleigh, NC Actuarial Analyst Marsh & McLennan Agency (MMA) is a wholly owned subsidiary of Marsh, serving the risk prevention and insurance needs of middle market companies in the United States. MMA has access to broad resources and solutions across all of its sister companies under the Marsh & McLennan Companies (MMC) banner. Through the strength of our management team, our geographic presence and our world class services, MMA provides public and private companies with risk management and employee benefit support that helps them flourish. We are proud to provide our clients with best-in-class services that meet their growing needs. Responsibilities Manages analysis, including drill down, into the utilization and unit cost drivers of medical and pharmacy expenses; develops recommendations related to plan designs, contributions and types of care and providers warranting attention. Prepares claim projections and trend analysis for larger clients; tracks claims and updates forecasts; compares funding mechanisms. Reviews and prepares annual benefit plan renewals for clients; interacts effectively with insurance carrier underwriting and actuarial personnel to ensure clients are receiving fair and equitable ratings and premiums. Develops modeling tools and spreadsheets to assist clients, prospective clients and their employees with benefit plan decisions, including consumer directed health care such as health savings accounts and health reimbursement arrangements. Develops models to predict the pattern of IBNR reserves with accuracy and reduced variance. Evaluates wellness programs and performs cost\/benefit analysis on population management support programs. Provides tools to assessing the financial terms of carrier proposals on all types of employee benefit programs, including medical, pharmacy, disability, life, long term care, dental and voluntary products. Acts as an analytical resource for account managers and benefit advisors on a daily basis. Manages revenue received by company to ensure accurate and timely payments. Qualifications Advanced proficiency in Microsoft Office Suite, including Excel, Word, PowerPoint, and Access as well as data management and database applications. Must have strong relationship building skills and be customer focused. Strong oral and written communication essential. Highly motivated and strong work ethic with consistent initiative and follow through on projects and tasks to completion while meeting deadlines; ability to work independently toward objectives with a sense of urgency. Requirements Bachelor\u2019s Degree in mathematics, statistics, economics or similar field required. Exceptional Analytical Ability as demonstrated through course work and experience. Successful completion of actuarial exam recommended. Current Life & Health licensure or ability to obtain within 90 days of employment. Travel to various office and client locations may be required. Must have valid transportation. Job Actuarial Services Full-timeMarsh & McLennan Companies and its Affiliatesare EOE Minority\/Female\/Disability\/Vet\/Sexual Orientation\/Gender Identity employers.
Oliver Wyman Group
Website : http://www.oliverwymangroup.com/
Oliver Wyman is a global leader in management consulting. With offices in 50+ cities across nearly 30 countries, Oliver Wyman combines deep industry knowledge with specialized expertise in strategy, operations, risk management, and organization transformation. The firm has about 4,700 professionals around the world who help clients optimize their business, improve their operations and risk profile, and accelerate their organizational performance to seize the most attractive opportunities. Oliver Wyman is a wholly owned subsidiary of Marsh & McLennan Companies [NYSE: MMC].