You’ll work in one of our offices in North America as part of our Social, Healthcare and Public Entities (SHaPE) practice. The Actuarial team includes more than a dozen actuaries with expertise across commercial, Medicare, Medicaid, and other business segments to help with book-of-business teardowns, risk adjustment analytics, and Medicare growth and stars models. The experts in our Actuarial team build and implement actuarial models to help clients optimize the growth and profitability of their risk-based healthcare businesses.

The Actuarial Team supports client engagements clients across the healthcare industry, offering expertise and practical tools that help people at all levels of an organization generate insights they need to address both strategic and day-to-day decisions.

We work closely with clients to embed our tools, analytics and expertise, and provide ongoing support to help them build the capabilities they need to revolutionize how decisions are made.

What You'll Do

You will leverage your actuarial and industry experience, as well as your analytics skills to develop capabilities and to provide expertise and insights as part of our client service teams.

Your workstreams could include quantitative analyses across the spectrum of claims, product, pricing, marketing and sales analytics, including segmentation, propensity modeling, funnel analysis, CLM, digital marketing, risk mix modeling and pricing.

Qualifications

University degree with excellent academic record
2+ years of work experience driving business results
ASA or FSA designation
Health insurance experience is highly preferred
Significant experience with statistical software packages such as SAS, SPSS, R and database software packages such as SQL
Experience in segmentation analysis and world-class product pricing
Demonstrated ability to apply analytic approaches (e.g., actuarial, statistical, data) to create meaningful and measurable business impact
Strong project management skills; flexibility and ability to manage multiple assignments in a dynamic, complex and fast-paced environment
Proven record of leadership
Ability to work collaboratively in a team environment; ability to work effectively with people at all levels in an organization
Willingness to travel

Industries

Healthcare Systems & Services

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FOR U.S. APPLICANTS: McKinsey & Company is an Equal Opportunity/Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to sex, gender identity, sexual orientation, race, color, religion, national origin, disability, protected Veteran status, age, or any other characteristic protected by applicable law.

Certain US jurisdictions require McKinsey & Company to include a reasonable estimate of the salary or hourly range for this role. For new joiners for this role in the United States, including all office locations where the job may be performed, a reasonable estimated range is $125,000 - $130,000 —to help you understand what you can expect. This reflects our best estimate of the lowest to highest [salary/hourly wages] for this role at the time of this posting, ensuring you have a clear picture right from the start, though it's important to remember that actual salaries may vary. Factors like your office location, your unique blend of experience and skills, start date and our current organizational needs all play a part in determining the final figure. Certain roles are also eligible for bonuses, subject to McKinsey's discretion and based on factors such as individual and/or organizational performance.

Additionally, we provide a comprehensive benefits package that reflects our commitment to the wellness of our colleagues and their families. This includes medical, mental health, dental and vision coverage, telemedicine services, life, accident and disability insurance, parental leave and family planning benefits, caregiving resources, a generous retirement contributions program, financial guidance, and paid time off.

FOR NON-U.S. APPLICANTS: McKinsey & Company is an Equal Opportunity employer. For additional details regarding our global EEO policy and diversity initiatives, please visit our McKinsey Careers and Diversity & Inclusion sites.

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Job Skill Group - CSS Pre-Associate
Job Skill Code - JPS - Junior Specialist
Function -
Industry - Healthcare Systems & Services
Post to LinkedIn - Yes
Posted to LinkedIn Date - Tue Aug 15 00:00:00 GMT 2023
LinkedIn Posting City - Chicago
LinkedIn Posting State/Province - Illinois
LinkedIn Posting Country - United States
LinkedIn Job Title - Actuarial Analyst, Social Healthcare & Public Entities
LinkedIn Function - Consulting
LinkedIn Industry - Hospital & Health Care;International Affairs;Management Consulting
LinkedIn Seniority Level - Entry level

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