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Actuarial Analyst (Health & Welfare)

The Northeast Employee Benefits Practice has an opening for an Actuarial Analyst (Student) in our Albany, New York City or Little Falls, NJ locations. The successful candidate should have 0-2 years relevant experience with at least one SOA exam success. Our principal values form the foundation of our truly distinctive student program. The Milliman culture provides motivated students with the necessary means to build a successful actuarial career.

The Health & Welfare team is based in New York City and Little Falls (NJ). This practice focuses solely on full- service employer health consulting including but not limited to HR strategy, vendor management, financial/data analytics, compliance, employee communications, and employee advocacy. Collective bargaining experience as well as knowledge of retiree health plans is preferred.

As part of a larger Northeast Employee Benefits practice which has four locations: New York City, Little Falls (NJ), Albany (NY) and Philadelphia. The practice provides a wide range of consulting and administrative services for Employee Benefit plans. You will be joining over 100 fellow employees in a challenging, dynamic work environment and a thriving Employee Benefits practice.


This entry level position provides support and assistance to actuarial consultants. This includes measuring pension liabilities and annual costs, studying the effects of changes in the design of employee benefit plans, and communicating results.

  • reconciling claims data, projecting future costs, claims reserve calculations, pricing plan design changes and supporting postretirement health valuations
  • supporting more senior staff in a wide range of strategic projects


BA or BS in Mathematics or related field

  • 0 - 2 years relevant experience with at least one Society of Actuaries exam success (two preferred)
  • actively pursuing SOA exams towards Actuarial certification
  • excellent computer and technical skills
  • strong communication skills
  • ability to handle multiple projects at the same time
  • ability to work on detailed spreadsheets and other business software programs
  • ability to work in a team environment


The salary range for this position is $72,000 - $86,000 depending on relevant factors, including but not limited to education, work experience, certifications, location, etc.

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

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.

View all jobs at Milliman

⛔️ Milliman are no longer taking applications for this job.

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