Actuarial Analyst, Social Healthcare & Public Entities

McKinsey & Company
parental leave, paid time off
United States, Massachusetts, Boston
May 16, 2025
Consulting Actuarial Analyst, Social Healthcare & Public Entities Job ID: 95636 Do you want to work on complex and pressing challenges-the kind that bring together curious, ambitious, and determined leaders who strive to become better every day? If this sounds like you, you've come to the right place. Your Impact 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. 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. Your Growth Driving lasting impact and building long-term capabilities with our clients is not easy work. You are the kind of person who thrives in a high performance/high reward culture - doing hard things, picking yourself up when you stumble, and having the resilience to try another way forward. In return for your drive, determination, and curiosity, we'll provide the resources, mentorship, and opportunities you need to become a stronger leader faster than you ever thought possible. Your colleagues-at all levels-will invest deeply in your development, just as much as they invest in delivering exceptional results for clients. Every day, you'll receive apprenticeship, coaching, and exposure that will accelerate your growth in ways you won't find anywhere else. When you join us, you will have: Continuous learning: Our learning and apprenticeship culture, backed by structured programs, is all about helping you grow while creating an environment where feedback is clear, actionable, and focused on your development. The real magic happens when you take the input from others to heart and embrace the fast-paced learning experience, owning your journey. A voice that matters: From day one, we value your ideas and contributions. You'll make a tangible impact by offering innovative ideas and practical solutions. We not only encourage diverse perspectives, but they are critical in driving us toward the best possible outcomes. Global community: With colleagues across 65+ countries and over 100 different nationalities, our firm's diversity fuels creativity and helps us come up with the best solutions for our clients. Plus, you'll have the opportunity to learn from exceptional colleagues with diverse backgrounds and experiences. World-class benefits: On top of a competitive salary (based on your location, experience, and skills), we provide a comprehensive benefits package, which includes medical, dental, mental health, and vision coverage for you, your spouse/partner, and children. Your qualifications and skills University degree with excellent academic record 2+ years of work experience driving business results ASA or FSA designation required 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 Please review the additional requirements regarding essential job functions of McKinsey colleagues. Apply Now Apply Later FOR U.S. APPLICANTS: McKinsey & Company is an Equal Opportunity 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 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 USD -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. 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 - Thu Feb 27 00:00:00 GMT 2025 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