Associate Actuary

Milliman delivers market-leading services and solutions to clients worldwide. Today, we are helping companies take on some of the world’s most critical and complex issues, including developing insurance for emerging markets, highly focused on data analytics and business transformation. Through a team of professionals ranging from actuaries to compliance professionals, data scientists to actuarial analysts, we offer unparalleled expertise in the insurance industry.

As the nature of risk has evolved, so has the scope of our work. Today, we are helping clients address some of the world’s most profound social and business challenges, including a looming retirement crisis, an evolving healthcare landscape, and the effects of climate change and a global pandemic. We are empowered by the diversity of our backgrounds, driven by a shared commitment to innovate, and inspired by a common mission: to serve our clients to protect the health and financial well-being of people everywhere.

Milliman’s Western Region Property and Casualty (P&C) Practice provides actuarial consulting on projects that feature a wide variety of actuarial techniques, including reserving, predictive modeling, telematics, by-peril and catastrophe rating, rate development, rate indications, and state filing support. The San Francisco and Seattle teams work together to provide services to a broad array of clients in the P&C field with primary focus on loss reserve and funding analyses for insurance companies and self-insured corporations, including alternative risk programs such as captive insurance companies. This position provides excellent opportunities for professional development and advancement.

An actuary at the Associate level contributes independently and with the support of a team. On a typical assignment, the Associate Actuary will be empowered to:

• Contribute to the vision of a given project and design analyses.
• Oversee the execution of the project.
• Identify issues with client-provided data and explore possible solutions.
• Direct staff participation.
• Write reports and support Principal with client communication.
• Comply with internal quality control and peer review guidelines.
• Train and provide guidance to Actuarial Analysts.
• Participate in marketing opportunities including publications and presentations.
• Perform or assist with other duties assigned at the direction of management.

Required Qualifications

• Bachelor’s degree
• Associate of the Casualty Actuarial Society (candidates who are close to achieving their ACAS are strongly encouraged to apply)
• Minimum of 2 years of experience in property and casualty reserving (workers compensation, professional liability, etc.)
• Experience presenting results and recommendations to stakeholders
• Proven experience leading projects and multi-tasking

Required Skills and Competencies

• Advanced skills in Microsoft Office Excel and Word
• Superb attention to detail and technical accuracy
• “Big picture” thinking to help anticipate client needs
• Ability to balance work on multiple projects at any given time
• Attention to design of work product to aid in explanation to client
• Motivated to work independently and as part of a team
• Excellent written and oral communication skills
• Quick learner who takes initiative to dive deeper and solve problems

Wish List

• Proven technical skill in data aggregation and analysis (SQL, Access, R, Python, SAS)
• Experience with business intelligence / visualization software (e.g. PowerBI or Tableau)
• Experience with Statements of Actuarial Opinions for statutory insurance company Annual Statements
• Experience supervising staff

Milliman Benefits

At Milliman, we focus on creating an environment that recognizes – and meets – the personal and professional needs of the individual and their family. We offer 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

Location

This role will be part of the Milliman Western Region Property & Casualty group. but candidates hired into this role may work remotely anywhere in the U.S.

Compensation

The salary range is $105,000 to $160,000, depending on a combination of factors, including but not limited to education, relevant work experience, qualifications, skills, certifications, location, etc. Employees are also eligible for an end of year, performance-based bonus.

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.