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Senior Actuarial Manager (L&H)

Milliman’s CMH Health Practice is seeking a Senior Actuarial Manager with life insurance experience that is excited to join their vibrant, dynamic, and growing practice.

Senior Actuarial Managers will have the opportunity to work in a wide variety of areas within the life insurance and healthcare industries while working alongside some of the leading experts in the fields.

Job Responsibilities

  • Provide consulting services in Pricing, Reserving, Financial Projections, and Mergers and Acquisitions related to life insurance and health insurance products, including traditional life insurance, annuities, Long-Term Care insurance, and disability income.
  • Responsible for performing various technical work while delegating most of the work to professional staff to help meet client needs.
  • Responsible for reviewing the work of others and assisting with research and product development.
  • Responsible for teaching and training professional staff working on the projects for which the Senior Actuarial Manager is responsible.
  • Responsible for several projects simultaneously providing insight into the technical direction of each project, verifying the initial reasonableness of the solution and creating client communications for review by Consultants (includes data collection, project updates and answering basic technical questions).
  • Responsible for progressing with actuarial exams to attain the Associate of the Society of Actuaries (ASA) or Fellowship in the Society of Actuaries (FSA) designation.

Minimum Requirements

  • Bachelor’s or Master’s degree in a quantitative field.
  • Successful completion of four or more (4+) Society of Actuaries exams.
  • Minimum of 6 years of full-time actuarial experience.
  • Two or more years of life insurance experience, including familiarity with traditional life insurance.
  • Two or more years conducting experience analysis of life insurance mortality and lapses.
  • Familiarity with life insurance valuation standards for traditional life insurance and annuities.
  • Thorough understanding of Microsoft Excel and actuarial concepts.

Competencies and Behaviors that Support Success in this Role

  • Experience working with R or other coding languages is advantageous
  • Familiarity with disability income insurance and/or Long-Term Care insurance
  • Demonstrated skills in presenting technical concepts to a non-technical audience in an understandable way
  • Experience mentoring staff and managing projects
  • Strong communication skills (both verbal and written)
  • Ability to help identify client issues and resources needed to solve problems
  • Analytical thinking skills to evaluate analyses for communication to clients
  • Ability to help plan and organize work for projects
  • Identify project deliverables, meet deadlines, and ensure compliance with quality procedures
  • Strong time management skills
  • Ability to work independently and within a team
  • Client focused and results oriented
  • Organizational expertise and flexibility
  • Ambition and excitement for professional development within the actuarial field


The salary range is $95,000 to $160,000, depending on a combination of factors, including but not limited to education, relevant work experience, qualifications, skills, certifications, location, etc.


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


  • 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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