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Actuarial Analyst

Milliman is an independent company that has been delivering market-leading services and solutions to clients worldwide for over 75 years. They are helping companies take on some of the world’s most critical and complex issues, including retirement funding and healthcare financing, risk management and regulatory compliance, data analytics and business transformation.

Milliman's healthcare consulting practice, located in Indianapolis, provides consulting services to a broad array of clients in the healthcare field with a primary focus on Medicaid and Pharmaceutical consulting. They are looking for an Actuarial Analyst to assist consulting actuaries with the development and use of actuarial models for pricing, reserving, and forecasting.

Our team members are independent problem solvers who care about the quality of the work that is delivered to clients, and to each other. They take personal responsibility for their work and are motivated to succeed in their own careers, in addition to, helping the practice succeed. We leverage our team's skills to create innovative solutions and share novel insights with our clients.

Our flat structure provides ample opportunity for self-motivated analysts to ask questions, learn fast, interact with leading experts in the field, and take on responsibility commensurate with desired professional growth.

About the role

The successful candidate will review, organize and analyze statistical data, develop and utilize actuarial models, analyze healthcare costs and utilization data, and implement software solutions under actuaries’ supervision. The Practice works with a wide range of clients. Our Actuarial Analysts perform the following types of analyses:

  • Analyze healthcare cost and utilization data using spreadsheets and databases
  • Review, organize and analyze statistical data using Excel, R, SQL or SAS
  • Examine benefit plan and insurance pricing
  • Perform experience analysis and reserving
  • Complete technical research and computer modeling
  • Provide financial and statistical analysis
  • Reconcile claims data and project future costs
  • Acts as a good representative of the practice both professionally and socially
  • Actively participate in a team-based environment
  • Displays willingness and eagerness to learn

The minimum qualifications for this position include a Bachelor’s degree in actuarial science, mathematics, or a related major with quantitative course work, cumulative GPA of at least 3.3+, at least 1 Society of Actuaries exams passed, a desire to expand actuarial skills and be committed to obtaining Fellowship, knowledge of Excel, knowledge or training in computer programming language a plus, ability to quickly learn new software programs, strong analytical, communication, time management and organizational skills, strong attention to detail, ability to follow technical instructions, and treats others with respect.


Milliman offers competitive benefits which include the following based on plan eligibility:

  • Medical, dental and vision coverage for employees and their dependents, including domestic partners
  • A 401(k) plan with matching program, and profit sharing contribution
  • Employee Assistance Program (EAP)
  • A discretionary bonus program
  • Paid Time Off (PTO) starts accruing on the first day of work and can be used for any reason; full-time employees will accrue 15 days of PTO per year, and employees working less than a full-time schedule will accrue PTO at a prorated amount based on hours worked
  • Family building benefits, including adoption and fertility assistance and paid parental leave up to 12 weeks for employees who have worked for Milliman for at least 12 months and have worked at least 1,250 hours in the preceding 12-month period
  • A minimum of 8 paid holidays
  • Milliman covers 100% of the premiums for life insurance, AD&D, and both short-term and long-term disability coverage
  • Flexible spending accounts allow employees to set aside pre-tax dollars to pay for dependent care, transportation, and applicable medical needs

The person hired for this role will be required to work on-site in the Indianapolis office on a weekly basis, however, flexible work arrangements can be discussed.

About Milliman

Milliman is among the world's largest independent consulting and actuarial firms. Our clients represent nearly every segment of stakeholders in the global healthcare system. We advise clients on a wide range of issues - from assessing the impact of healthcare reform on organizations or populations to providing insight into medical utilization. Our consulting work is supported by a powerful tool kit of data analytics solutions and an expert-driven, multidisciplinary team approach to deliver actionable insights to our clients. Starting positions in the Milliman Indianapolis Health Practice offer varied opportunities to develop both professional and technical skills.

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

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⛔️ Milliman are no longer taking applications for this job.

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