Oliver Wyman Actuarial - Financial Coordinator

About Oliver Wyman

Oliver Wyman is a global leader in management consulting. With offices in 70 cities across 30 countries, Oliver Wyman combines deep industry knowledge with specialized expertise in strategy, operations, risk management, and organization transformation. Over 7,000 professionals help clients optimize their business, improve their operations and risk profile, and accelerate their organizational performance to seize the most attractive opportunities. Oliver Wyman’s thought leadership is evident in our agenda-setting books, white papers, research reports, and articles in the business press. Our clients are the CEOs and executive teams of the top Global 1,000 companies.

The Actuarial Practice of Oliver Wyman is an operating division of the Oliver Wyman Group, a member of the Marsh & McLennan Companies (MMC), the foremost employer of actuaries in the world. Oliver Wyman was recognized by Fortune as one of the 100 Best Companies to work for in 2019.

Visit our website for more details about Oliver Wyman: www.oliverwyman.com

Job Overview:

The Financial Coordinator will provide comprehensive financial support to the Health, Life, and P&C practices to fully support their flash, invoicing, and financial reporting and analysis functions. This role requires strong organizational skills, attention to detail, and the ability to handle multiple tasks simultaneously. The Financial Coordinator will work closely with the regional leaders and other stakeholders to ensure accurate and timely completion of financial activities.

This is a hybrid role that requires 3 days per week in the office. There is no option to be fully remote.

Responsibilities:

Manage monthly flash process for designated P&Ls

• Work with project managers each month to determine and record flash entries (current invoice, future invoice, bill ahead applied) by project and provide details of recognized revenue by project and in the aggregate

• Ensure accurate expense transfers between sending and receiving offices

• Track WIP and foster timely invoicing of clients by project managers

Create and send invoices on a monthly basis within designated timeframes

• Maintain compliance with internal policies and maintain proper documentation for all invoices (i.e., provide draft copies, obtain peer review, etc.)

• Track invoices and follow up on past due amounts to foster timely collections

Provide monthly reports to stakeholders detailing key business metrics (utilization, realization, project profitability)

• Provide other ad-hoc reports to stakeholders, as requested

Perform monthly analysis of key metrics and drivers

• Monitor monthly and YTD results against budgets; identify areas where results appear to be trending outside of acceptable levels

• Investigate and highlight utilization and profitability trends/issues

• Validate data feeds to OW Data & Analytics, as necessary

Create Excel reports to aid in the financial management of the practice

Manage payment requests, refunds, unapplied funds, and write-off requests

• Research and develop current procedures, establish best practices, and streamline existing processes

Technical Skills and Desired Experience:

• Bachelor's degree in Finance, Accounting, or equivalent experience

• Experience with the Flash process and invoicing

• 1-2 years’ experience in a financial or highly analytical role, performing P&L reporting, forecasting and budgeting

• Must be comfortable working with and manipulating large amounts of data, creating reports and perform data analysis, including validating data feeds and generating financial management reports. Ability to learn Macros is preferable

• Intermediate to advanced proficiency with Microsoft Suite, including, Outlook, Word, Excel, Power Point

• Experience with Tableau or other BI tools, Salesforce, SmartView a plus

Skills and Attributes:

• Strong financial and analytical skills

• Proven experience in a role requiring a high degree of organizational skill and attention to detail

• Excellent written and verbal communication skills

• The ability to be productive, adaptive and to simultaneously manage multiple project priorities in a complex, performance-driven environment

• Skill in building relationships with stakeholders, understanding their needs, and providing ad-hoc reports or information as requested

• Can work effectively autonomously and in a team environment

• Is coachable and possesses a strong desire to learn and grow

The applicable base salary range for this role is $65,000 to $95,000.

The base pay 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. 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, a business of Marsh McLennan (NYSE: MMC), is a management consulting firm combining deep industry knowledge with specialized expertise to help clients optimize their business, improve operations and accelerate performance. Marsh McLennan is a global leader in risk, strategy and people, advising clients in 130 countries across four businesses: Marsh, Guy Carpenter, Mercer and Oliver Wyman. With annual revenue of $24 billion and more than 90,000 colleagues, Marsh McLennan helps build the confidence to thrive through the power of perspective. For more information, visit oliverwyman.com, or follow on LinkedIn and X.

The Actuarial Practice of Oliver Wyman 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 McLennan is committed to embracing a diverse, inclusive and flexible work environment. We aim to attract and retain the best people and embrace diversity of age background, disability, ethnic origin, family duties, gender orientation or expression, marital status, nationality, parental status, personal or social status, political affiliation, race, religion and beliefs, sex/gender, sexual orientation or expression, skin color, veteran status (including protected veterans), or any other characteristic protected by applicable law. If you have a need that requires accommodation, please let us know by contacting reasonableaccommodations@mmc.com.

Marsh McLennan 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 McLennan 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.