Associate Actuary (Remote)

Description

The Employee Benefits Consulting Practice offers excellent retirement, health, compensation and investment consulting services to our clients. We are looking for a minimum of an ASA designation, preferably FSA or near FSA. The position requires strong actuarial and financial capabilities, good communication and interpersonal skills, and organizational talents. This position provides excellent opportunities for professional development and advancement.

The successful candidate will have nine to fifteen years of Health & Welfare experience working with employer clients, a strong knowledge and management experience of annual tasks associated with overseeing consulting relationships, preferably gained through work at a benefits consulting firm or service provider. This full-time, remote/hybrid position will be supporting the strategic Consultant with managing the delivery of routine actuarial and consulting projects as well as growing and maintaining client relationships.

Milliman’s management has a history of rewarding performance and views this position as a vital piece of its ongoing strategy to solidify and grow long-term client relationships. This position offers the potential to operate as a business manager along with high visibility and unlimited career advancement.

Who We Are

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

Milliman invests in skills training and career development and gives all employees access to a variety of learning and mentoring opportunities. Our growing number of Milliman Employee Resource Groups (ERG’s) are employee-led communities that influence policy decisions, develop future leaders, and amplify the voices of their constituents. We encourage our employees to give back to their varied professions, including leadership in professional organizations.

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.

What You Will Do

• Support Health & Group Benefits consultants and manage large and/or complex client projects, and potentially smaller relationships for select Health & Group Benefits clients.
• Oversee and certify all actuarial and financial calculations required for employer health plans.
• Follow established Milliman protocol for tracking activity, project results and compliance with peer review standards.
• Establish and maintain strong working relationships with appropriate consultants within the Milliman group of practices.
• Establish and maintain strong working relationships with carrier / vendor partners.

What We Are Looking For

• ASA, preferably at or near FSA
• Nine to fifteen years of Health & Welfare consulting experience working with full-service employer health plans from having worked at a benefits consulting firm or service provider.
• Bachelor’s degree
• Demonstrated success providing Health & Welfare actuarial and consulting services.
• Thorough understanding of the marketing / vendor search process and the ability to manage the total process.
• Thorough understanding of medical, prescription drug, and other welfare benefit coverage
• Thorough understanding of self-insurance and stop-loss coverage concepts
• Strong communication skills (written and verbal) with an ability to present and manage presentations covering complex topics
• Effective time management skills to prioritize and organize multiple complex projects and balance long term goals with short term project requirements
• Strong skills as a problem solver, including taking initiatives to complete necessary research and document the process used to reach conclusions
• Current and relevant knowledge of legislation, market trends and issues affecting the Health & Welfare market
• Willing to work remotely as well as in-office. The position can be located anywhere in the U.S. with access to a major airport.
• Able to work with time-sensitive material and meet multiple deadlines.
• Able to work independently while also contributing to team environment.

The Team

The EB Consulting practice provides actuarial and other consulting services for multiple industries, for actives and retirees and for Corporate, Public and Multiemployer Plans. This practice works with several key types of clients organized into the following seven lines of business:

• Corporate Pension Plans
• Multiemployer Pension Plans
• Public Pension Plans
• Other Postretirement Benefit Plans (Corporate, Multiemployer, and Public combined)
• Health and Group Benefits (Corporate, Multiemployer, and Public combined)
• Compensation and Benefits Surveys
• Investments

Location

This is a remote position. Candidates hired into this role may work onsite in-person on a weekly basis with flexible work arrangements in one of the Milliman office locations listed, if they prefer. Relocation expenses for applicant offered the position will not be paid by Milliman. The expected application deadline for this job is May 31, 2024.

Compensation

The salary range is $95,000 to $199,000, depending on a combination of factors, including but not limited to education, relevant work experience, qualifications, skills, certifications, location, etc.

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

Equal Opportunity

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.