Associate Actuary

Description

Full-time position, working in a team environment serving retirement plan clients.

Who We Are

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.

What You Will Do

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.

• Perform actuarial valuations and ensure the accuracy of the work product
• Review actuarial assumptions, recommend changes, and justify recommendations
• Provide support for and supervision of analysts, including training of actuarial concepts, programming of actuarial valuations, and guidance for special projects
• Manage and review projects and client deliverables, including government filings, retirement calculations, plan documents, and special projects
• Monitor legislative and regulatory developments affecting retirement plans, evaluate impact on pension plans and clients, and keep others apprised of such developments
• Provide support for new business development and marketing

What We Are Looking For

Professional Qualifications

• Bachelors in Mathematics, Statistics, Economics, or related field
• Minimum of 4-6 years of pension actuarial experience, including experience performing multiemployer actuarial valuations
• Significant progress toward attainment of Associate of the Society of Actuaries and/or Enrolled Actuary

Personal Qualifications

• Ability to manage projects and client deadlines and supervise staff
• Strong foundation of actuarial concepts and ability to apply them to client work
• Mastery of actuarial valuation software
• Ability to prepare visual representations of data and valuation results
• Strong organizational skills
• Excellent written and oral communication skills
• Attention to detail

The Team

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. 

Location

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.

Compensation

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.

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-ter