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Senior Actuary

Health

Pensions

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Consulting

Excel

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)

The Northeast Employee Benefits Practice has an opening for an Actuarial Analyst (Student) in our Albany, New York City or Little Falls, NJ locations. The successful candidate should have 0-2 years 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.The Health &amp; Welfare team is based in New York City and Little Falls (NJ). This practice focuses solely on full- service employer health consulting including but not limited to HR strategy, vendor management, financial/data analytics, compliance, employee communications, and employee advocacy. Collective bargaining experience as well as knowledge of retiree health plans is preferred.As part of a larger Northeast Employee Benefits practice which has four locations: New York City, Little Falls (NJ), Albany (NY) and Philadelphia. The practice provides a wide range of consulting and administrative services for Employee Benefit plans. You will be joining over 100 fellow employees in a challenging, dynamic work environment and a thriving Employee Benefits practice.ResponsibilitiesThis 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>reconciling claims data, projecting future costs, claims reserve calculations, pricing plan design changes and supporting postretirement health valuations</li><li>supporting more senior staff in a wide range of strategic projects</li></ul>RequirementsBA 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>BenefitsThe salary range for this position is $72,000 - $86,000 depending on relevant factors, including but not limited to education, work experience, certifications, location, etc.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:<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.

The Northeast Employee Benefits Practice has an opening for an experienced Health &amp; Welfare Consulting Actuary. The successful candidate will have ten years or more of Group Benefits consulting experience with particular emphasis on health care. Candidate should have great client relationships and a strategic and proactive approach to their consulting. Experience with staff management and mentoring will take the practice to the next level. This position provides excellent opportunities for professional development and advancement.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. 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 Health &amp; Welfare team is based in New York City and Little Falls (NJ). This practice focuses solely on full service employer health consulting including but not limited to HR strategy, vendor management, financial/data analytics, compliance, employee communications, and employee advocacy. Collective bargaining experience as well as knowledge of retiree health plans is preferred. As part of a larger Northeast Employee Benefits practice which has four locations: New York City, Little Falls (NJ), Albany (NY) and Philadelphia.  The practice provides a wide range of consulting and administrative services for Employee Benefit plans.  You will be joining over 100 fellow employees in a challenging, dynamic work environment and a thriving Employee Benefits practice.<ul><li>Lead Actuarial Consultant supporting Senior Strategic Consultant to deliver technical and consulting services for large clients, and Senior Leadership role on midsized clients</li><li>Proactively support client (and senior strategic consultant where applicable) on strategy and delivery with knowledge of marketplace, recent developments and trends in industry</li><li>Able to lead meetings and interact with clients at a high level</li><li>Oversee all project streams and manage workflow to ensure cohesive and timely delivery of work product</li><li>Overseeing mid-level actuaries and checkers in planning work, providing mentoring and developing technical skills</li><li>Responsible for delivering claim analysis and reporting, vendor solicitation, selection and oversight, core actuarial services including claim reserve, pricing and postretirement claim cost calculations, and consulting on design (including pricing plan design changes).</li></ul><ul><li>10+ years relevant experience in employer health consulting</li><li>ASA designation required / FSA preferred</li><li>Knowledge of and experience with all aspects of the health care marketplace including plan design, pricing, benchmarking, financial management/analysis including experience projections and administration</li><li>Experience leading client relationships</li><li>New Business Development experience preferred</li><li>Ability to manage multiple projects at the same time</li><li>Good communication and interpersonal skills</li><li>Staff mentoring or management experience</li></ul>The salary range for this position is $150,000-$250,000 depending on relevant factors, including but not limited to education, work experience, certifications, location, etc.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:<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.

Who We AreMilliman 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.The TeamWithin a project team, consultants, managers, and analysts coordinate their efforts to deliver client reports and deliverables. Consultants are responsible for building relationships with clients, directing projects, and presenting results. Project managers work directly with analysts by reviewing work, answering questions, and developing client correspondence. Analysts are 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.Job Responsibilities<ul><li>Responsible for building relationships with clients, directing projects, and presenting results to the client and answering their questions.</li><li>Develop a successful client base through networking, writing articles, speaking engagements, and other marketing methods.</li><li>Help identify the issues clients are facing and the resources needed to solve problems.</li><li>Plan projects, identify project deliverables, meet deadlines, and ensure compliance with quality procedures.</li></ul>Minimum requirements<ul><li>Bachelor’s or master’s degree in a quantitative field</li><li>Fellow in the Society of Actuaries (FSA)</li><li>9+ years in health actuarial experience at a consulting firm or health insurance company is required</li><li>Thorough understanding of Microsoft Excel and actuarial concepts</li><li>Experience mentoring staff and managing projects</li></ul>Competencies and Behaviors that Support Success in this Role<ul><li>Experience with Medicare Part D plan sponsor, including bid preparation and financial analysis</li><li>Experience interacting with pharmaceutical manufacturers and or pharmacy chains</li><li>Experience with analysis of CMS 100% Research Identifiable Files (RIF)</li><li>Strong time management skills, ability to work independently and with a team, and organizational expertise</li><li>Client focused and results oriented</li><li>Strong communication skills (both verbal and written), and analytical thinking skills to evaluate analyses for communication to clients</li><li>Self-motivated, creative, and resourceful</li><li>National PDP experience</li><li>Expertise in Medicare Part D pharmacy network and rebate contracting analytics and negotiations</li></ul>Salary:For this position, we are offering $140,000 to $230,000 annually, depending on relevant factors, including but not limited to education, work experience, certifications, location, etc.Location: It is preferred that candidates work on-site at our Chicago, IL, Milwaukee, WI, or Hartford, CT office. Remote candidates will be considered.Milliman BenefitsWe 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</li><li>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.

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