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Actuarial Analyst (Health)

Milliman’s CMH Health Practice is looking for Actuarial Analysts to join their vibrant, dynamic, and growing practice. Actuarial Analysts (referred to as Professional Staff) will have the opportunity to work in a wide variety of areas within the healthcare industry, while working alongside some of the leading experts in the field.

Independent for more than 75 years, 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 retirement funding, healthcare financing, risk management, regulatory compliance, data analytics, and business transformation.

Job Responsibilities

  • Perform data analysis using Excel, SAS, and proprietary Milliman programs to assist with consulting for various healthcare segments (Medicare, Commercial / ACA, Medicaid, Long Term Care, Pharmacy, Provider, and more)
  • Participate in consulting activities to include pricing, reserving, financial projections, and mergers and acquisitions
  • Responsible for reviewing the work of peers and assisting with research and product development
  • Coordinate with Consultants, Managers, Professional Staff, and Interns as a project team to deliver client reports and deliverables
  • Responsible for the majority of the technical work, which may include analyzing data, completing actuarial calculations, developing and utilizing actuarial models, and implementing software solutions

Minimum requirements

  • Bachelor’s or master’s degree in a quantitative field
  • At least two actuarial exams passed
  • Thorough understanding of Microsoft Excel and actuarial concepts

Competencies and Behaviors that Support Success in this Role

  • Good academic standing (3.2 grade point average or above is preferred)
  • Previous internship or relevant work experience
  • Leadership experience and involvement in extra-curricular activities
  • Experience working with SAS, VBA, or other coding languages is advantageous
  • Experience with Medicare Advantage programs, Medicaid programs, commercial individual/group insurance, employer health benefits, pharmacy, or provider risk-taking programs strongly preferred
  • Strong communication skills (both verbal and written)
  • Analytical thinking skills to evaluate analyses for downstream impact
  • Can complete project deliverables, meet deadlines, and ensure compliance with quality procedures
  • Strong time management skills
  • Ability to work independently and in a team environment
  • Client focused and results oriented
  • Ambition and excitement for professional development within the actuarial field
  • Demonstrates integrity in all functions of work

Milliman is one of the leading experts in healthcare financing and delivery. We advise clients on a wide range of issues—from assessing the impact of healthcare reform on organizations or populations to streamlining operations while advancing the quality of patient care. Our consulting work is supported by a powerful toolkit of data analytics solutions and informed by the most trusted, comprehensive set of cost guidelines in the industry.

Through a team of professionals ranging from actuaries to clinicians, technology specialists to plan administrators, we offer unparalleled expertise in employee benefits, investment consulting, healthcare, life insurance and financial services, and property and casualty insurance.

Salary: The salary range is $61,000 to $94,000, depending on a combination of factors, including but not limited to education, relevant work experience, qualifications, skills, certifications, location, etc.

Location: It is preferred that candidates work on-site at our Milwaukee, WI, Chicago, IL, or Hartford, CT office. Remote candidates will be considered.


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.

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⛔️ Milliman are no longer taking applications for this job.

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