Associate Actuary (ACAS)

Independent for over 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 & complex issues, including retirement funding & healthcare financing, risk management and regulatory compliance, data analytics & business transformation.

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.

The San Francisco Property and Casualty practice, comprised of about 30 employees, focuses on applying advanced actuarial techniques and geospatial technology to develop innovative insurance products for traditional and start-up insurers, as well as the associated state regulatory rate filing support.

We are thought leaders in climate change, artificial intelligence, telematics, and other leading-edge research. We work on some of today’s most important insurance problems, including modernizing flood insurance and addressing the wildfire crisis in California.

On a typical assignment, the Associate Actuary would be responsible for:

• Developing spreadsheet-based methods and calculations
• Supervising the inputting and manipulating of data
• Performing predictive modeling using Generalized Linear Models and non-linear methods, using mostly the SAS and R software platforms supporting rate analyses
• Preparing and submitting state regulatory filing support
• Checking work for technical accuracy

The nature of the projects will vary widely throughout the year. We also do traditional actuarial work such as ratemaking, reserving, predictive modeling and competitive analysis, plus a variety of special projects.

Required:

• Associateship (ACAS) and less than ten years’ experience in property-casualty actuarial work
• A college degree in actuarial science, mathematics, data science, statistics, or other quantitative major
• Experience in property and casualty actuarial ratemaking and/or state regulatory filing (auto and/or property preferred)
• Technically proficient in Excel
• SAS, R or SQL programming experience (proficiency preferred)
• Predictive modeling experience strongly preferred

The ideal candidate will have the following attributes:

• Service oriented
• Quick learner
• Team player
• Good with detail
• Excellent written and oral communication skills
• Good project management skills

At Milliman, we focus on creating an environment that recognizes – and meets – the personal & professional needs of the individual. We offer a competitive benefits package which includes:

• Medical, dental and vision coverage for employees and their families, including eligible 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

This role is based out of the Milliman office in San Francisco, CA, but candidates hired into this role may work remotely anywhere in the U.S.

The salary range for the associate actuary position is $85,000 to $170,000, depending on a combination of factors, including, but not limited to, education, relevant work experience, qualifications, skills, certifications, location, etc.

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.