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Health &amp; Group Benefits Actuaries and Consultants are an integral part of Milliman's Employee Benefits Consulting practice. We are currently seeking an Actuarial Analyst with 0-1 years of 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.Who We AreIndependent 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 (ERGs) 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 DoThis entry-level position provides support and assistance to actuarial consultants working with health and group benefit plans. This includes measuring liabilities and annual costs, projecting health plan costs, setting rates and reserves, studying the effects of changes in the design of employee benefit plans, and communicating results.<ul><li>Reconciling claims data, preparing budget projections, calculating claims reserves, pricing plan design changes, analyzing vendor renewals, and preparing experience reports</li><li>Calculating employer/employee contribution rates, retiree rates, COBRA rates, and imputed income rates</li><li>Performing postretirement health valuations, including the development of claim cost and health cost trend assumptions, projection of liabilities and calculation and reporting of financial statement information</li><li>Drafting member communications and documents</li><li>Assisting senior staff in a wide range of strategic actuarial and consulting projects</li></ul>What We Are Looking For<ul><li>BA or BS in Actuarial Science, Mathematics, or related field</li><li>Up to 1 year of relevant experience with at least one Society of Actuaries exam success (two preferred)</li><li>Actively pursuing SOA exams towards actuarial certification</li><li>Strong communication skills</li><li>Ability to handle multiple projects at the same time</li><li>Excellent computer and technical skills, including the ability to use and develop spreadsheet solutions to model complex problems and to work with other business software programs (SQL experience a plus)</li><li>Ability to work in a collaborative team environment</li></ul>The TeamThe EB Consulting practice provides actuarial and 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 lines of business:<ul><li>Pension Plans</li><li>Other Postretirement Benefit Plans</li><li>Health and Group Benefits</li></ul>LocationThis position is based out of the Milliman office in Albany, NY. Candidates hired into this role must be willing to work in-person in the Milliman office on a weekly basis, but flexible work arrangements will be considered for our hybrid environment.CompensationThe salary range is $61,000 - $106,000, depending on a combination of factors, including education, relevant work experience, qualifications, skills, certifications, and location.BenefitsAt 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:<ul><li>A 401(k) plan with matching program, and profit sharing contribution
<ul><li>Employee Assistance Program (EAP)</li><li>A discretionary bonus program</li><li>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</li><li>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</li><li>Commuter Program, which allows you to use pre-tax dollars to pay for your parking or public transit expenses to get to and from work. You may utilize this benefit any time throughout the year and funds will be available the first of the month following your first contribution.</li><li>A minimum of 10 paid holidays</li><li>Milliman covers 100% of the premiums for life insurance, AD&amp;D, and both short-term and long-term disability coverage</li><li>Flexible spending accounts allow employees to set aside pre-tax dollars to pay for dependent care, transportation, and applicable medical needs</li></ul></li></ul>Equal OpportunityAll 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.

The Employee Benefits Consulting PracticeThe Employee Benefits Consulting Practice offers excellent retirement, health, compensation, and investment consulting services to our clients. We are currently seeking an Actuarial Analyst with 0-2 years of 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.Who We AreIndependent 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.What You Will DoThis 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.<ul><li>Prepare basic actuarial calculations, government form filings, and other client deliverables.</li><li>Obtain data from clients and respond to client requests for information, explanations, and answers related questions.</li><li>Reconciling claims data, projecting future costs, claims reserve calculations, pricing plan design changes, and supporting postretirement health valuations.</li><li>Provide analysis and assistance on projects as assigned.</li><li>Supporting more senior staff in a wide range of strategic projects</li></ul>What We Are Looking ForBA or BS in Mathematics or related field<ul><li>0 - 2 years relevant experience with at least one Society of Actuaries exam success (two preferred)</li><li>actively pursuing SOA exams towards Actuarial certification</li><li>excellent computer and technical skills</li><li>strong communication skills</li><li>ability to handle multiple projects at the same time</li><li>ability to work on detailed spreadsheets and other business software programs</li><li>ability to work in a team environment</li></ul>The TeamThe 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:<ul><li>Corporate Pension Plans</li><li>Multiemployer Pension Plans</li><li>Public Pension Plans</li><li>Other Postretirement Benefit Plans (Corporate, Multiemployer, and Public combined)</li><li>Health and Group Benefits (Corporate, Multiemployer, and Public combined)</li><li>Compensation and Benefits Surveys</li><li>Investments</li></ul>LocationThis position is based out of one of Milliman’s office locations listed. Candidates hired into this role must be willing to work onsite on a weekly basis, but flexible work arrangements will be considered. Relocation expenses for applicants offered the position will not be paid by Milliman.CompensationThe salary range is $56,000 to $117,000, depending on a combination of factors, including, but not limited to, education, relevant work experience, qualifications, skills, certifications, location, etc.BenefitsAt 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:<ul><li>Medical, dental, and vision coverage for employees and their dependents, including domestic partners</li><li>A 401(k) plan with matching program, and profit-sharing contribution</li><li>Employee Assistance Program (EAP)</li><li>A discretionary bonus program</li><li>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</li><li>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</li><li>A minimum of 8 paid holidays</li><li>Milliman covers 100% of the premiums for life insurance, AD&amp;D, and both short-term and long-term disability coverage</li><li>Flexible spending accounts allow employees to set aside pre-tax dollars to pay for dependent care, transportation, and applicable medical needs</li></ul>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.Equal Opportunity Employer/Protected Veterans/Individuals with DisabilitiesThe contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information. 41 CFR 60-1.35(c)

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