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Life

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The Employee Benefits (EB) Consulting Practice offers excellent retirement, health, compensation, and investment consulting services to our clients. We are currently seeking an Actuarial Analyst with up to one year of relevant experience and up to 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.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>Supporting postretirement health valuations with the development of claim cost and health cost trend assumptions</li><li>Drafting member communications and documents</li><li>Assisting senior staff in a wide range of strategic projects</li></ul>What We Are Looking For<ul><li>Recent or near completion of a BA or BS in Actuarial Science, Mathematics, or related field</li><li>Up to one year relevant experience (health actuarial) and up to one Society of Actuaries exam success</li><li>Actively pursuing SOA exams towards actuarial certification</li><li>Ability to use and develop spreadsheet solutions to model complex problems</li><li>Excellent quantitative, analytical, and critical thinking skills</li><li>Ability to manage working on multiple projects at the same time</li><li>Excellent technical, organizational, and communication skills</li><li>Ability to work in a collaborative 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 in Walnut Creek, CA. 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 $72,000 - $121,000, depending on a combination of factors, including 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>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>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&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>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.Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities.

Full-time position, working in a team environment serving retirement plan clients.Independent for 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.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.Responsibilities include preparation of actuarial valuations of pension and retiree health plan liabilities for multiemployer and public retirement plans, performing analysis of gains and losses, plan design studies, drafting employee communications, and communicating results to clients. There is opportunity for growth into a consulting role managing client relationships.<ul><li>Perform actuarial valuations and ensure the accuracy of the work product</li><li>Review actuarial assumptions, recommend changes, and justify recommendations</li><li>Provide support for and supervision of analysts, including training of actuarial concepts, programming of actuarial valuations, and guidance for special projects</li><li>Manage and review projects and client deliverables, including government filings, retirement calculations, plan documents, and special projects</li><li>Monitor legislative and regulatory developments affecting retirement plans, evaluate impact on pension plans and clients, and keep others apprised of such developments</li><li>Provide support for new business development and marketing</li></ul>Professional Qualifications<ul><li>Bachelors in Mathematics, Statistics, Economics, or related field</li><li>Minimum of 4-6 years of pension actuarial experience, including experience performing multiemployer actuarial valuations</li><li>Significant progress toward attainment of Associate of the Society of Actuaries and/or Enrolled Actuary</li></ul>Personal Qualifications<ul><li>Ability to manage projects and client deadlines and supervise staff</li><li>Strong foundation of actuarial concepts and ability to apply them to client work</li><li>Mastery of actuarial valuation software</li><li>Ability to prepare visual representations of data and valuation results</li><li>Strong organizational skills</li><li>Excellent written and oral communication skills</li><li>Attention to detail</li></ul>Our team is comprised of consultants, actuaries, and analysts that provide services on retirement and health and welfare benefits plans. Our focus is serving the business needs of our clients and the healthcare and retirement needs of plan participants and their families. Our clients are primarily Multiemployer trusts that provide benefits to collectively bargained employees, though we also serve public and private sector benefit plans.Candidates hired into this role will be required to work in-person in the Milliman office in Walnut Creek, California on a weekly basis, but flexible work arrangements will be considered.The salary range for this role is $103,000 to $166,000, depending on relevant factors, including, but not limited to, education, work experience, qualifications, skills, 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.

Independent for 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’s Western Region Property and Casualty (P&amp;C) Practice provides actuarial consulting on projects that feature a wide variety of actuarial techniques, including reserving, predictive modeling, telematics, by-peril and catastrophe rating, rate development, rate indications, and state filing support.Our San Francisco- and Seattle-based teams work together to provide services to a broad array of clients in the P&amp;C field. The primary focus of this role is on loss reserve and funding analyses for insurance companies and self-insured corporations, including alternative risk programs such as captive insurance companies. Our ideal hire is a credentialed Actuary who understands the mechanics of complex analysis, and gets under the hood to identify the source of issues when a solution isn’t yet obvious. They will be the hub for client communication, and responsible for building strong client relationships.Successful Actuaries in this practice enjoy thinking strategically while overseeing the day-to-day work of their projects. As part of a collaborative team, the Actuary will perform peer review, train and provide guidance to junior staff, and have excellent opportunities for their own professional development and career advancement.The Actuary will be empowered to:<ul><li>Contribute to the vision of a given project, and design analyses</li><li>Write reports that convey overall project findings and provide recommendations to the client</li><li>Interact directly with the client and/or client's other vendor partners (e.g., broker, captive manager, auditor)</li><li>Delegate project tasks such as data analysis to Actuarial Analysts, and manage overall project execution</li><li>Participate in industry marketing opportunities including publications and presentations</li><li>Comply with internal quality control and peer review guidelines</li><li>Take on additional responsibilities over time</li></ul>Required Qualifications<ul><li>Bachelor’s degree in actuarial science, mathematics or related field</li><li>Credentialed Fellow of the Casualty Actuarial Society (FCAS)</li><li>A minimum of 10 years of professional work experience, including reserving for workers compensation and/or professional liability</li><li>Experience presenting results to stakeholders</li><li>Experience leading multiple projects simultaneously</li></ul>Preferred Qualifications<ul><li>Experience with commercial lines reserving (workers compensation, medical professional liability) and/or large account pricing</li><li>Experience preparing Statements of Actuarial Opinions for statutory insurance company Annual Statements</li><li>Experience using reserving software, e.g. Arius</li><li>Understanding of actuarial consulting workflow</li><li>Experience supervising and/or mentoring staff</li></ul>Required Skills and Competencies<ul><li>Advanced skills in Microsoft Office Word, Excel, and data aggregation (SQL, R, Python, Access, etc.)</li><li>Service oriented, prompt to respond to client or colleague requests</li><li>Excellent project management skills</li><li>Collaborative, with a strong sense of individual responsibility</li><li>Ability to balance work on multiple projects at any given time</li><li>Excellent written and oral communication skills</li><li>Takes initiative to act and learn without explicit direction</li><li>Strong attention to detail and technical accuracy</li><li>Invested in excellent design of work product to aid in explanation to client</li></ul>Milliman 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>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>LocationThis role will be part of the Milliman Western Region Property &amp; Casualty group. but candidates hired into this role may work remotely anywhere in the Pacific or Mountain time zones.CompensationThe salary range is $110,000 to $261,000, depending on a combination of factors, including but not limited to education, relevant work experience, qualifications, skills, certifications, location, etc. If overall experience is greater than 10 years the range would be $110,000 to $231,000; for experience of greater than 20 years, the range would be $125,000 to $261,000.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.

Independent for 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.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.Responsibilities include preparing actuarial valuations of pension and retiree health plan liabilities for multiemployer, corporate, and public pension plans, performing analysis of gains and losses, plan design studies, drafting employee communications, analysis of health claims, projections of health claims costs, and communicating results to clients.<ul><li>Process and organize data for actuarial valuation of pension and retiree health plans</li><li>Assist with setup and programming of actuarial valuations of health and retirement benefits</li><li>Update / develop new and existing Excel workbooks</li><li>Assist with electronic file management and documentation</li><li>Assist with government filing preparation</li><li>Prepare benefit calculations</li><li>Draft plan amendments and member communications</li><li>Draft Summary Plan Descriptions and plan documents</li></ul>Professional Qualifications<ul><li>Bachelors in Mathematics, Statistics, Economics, or related field</li><li>Proficient with Microsoft Office applications including Microsoft Excel and Word</li></ul>Personal Qualifications<ul><li>Ability to analyze and organize large amounts of data</li><li>Strong organizational skills</li><li>Excellent written and oral communication skills</li><li>Attention to detail</li></ul>Preferred Qualifications<ul><li>Completion of one or more Society of Actuaries exams</li></ul>About the teamOur team is comprised of consultants, actuaries, and analysts that provide services on retirement and health and welfare benefits plans. Our focus is serving the business needs of our clients and the healthcare and retirement needs of plan participants and their families. Our clients are primarily Multiemployer trusts that provide benefits to collectively bargained employees, though we also serve public and private sector benefit plans.Candidates hired into this role will be required to work in-person in the Milliman office in Walnut Creek, California on a weekly basis, but flexible work arrangements will be considered.The salary range for this role is $61,000 to $94,000, depending on relevant factors, including, but not limited to, education, work experience, qualifications, skills, certifications, location, etc.About MillimanAt 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>

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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