Senior Actuarial Analyst (CMH Health)

Milliman’s CMH Health Practice is looking for a Senior Actuarial Analyst to join their vibrant, dynamic, and growing practice. Senior Actuarial Analysts (referred to as Senior Professional Staff) will have the opportunity to work in a wide variety of areas within the healthcare industry, while working alongside some of the leading experts in the field.  

Who We Are  

Independent for more than 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, healthcare financing, risk management, regulatory compliance, data analytics, and business transformation. 

 Job Responsibilities 

• Perform data analysis using Excel, SAS, and proprietary Milliman programs to assist with consulting for various healthcare segments (Medicare Advantage and Part D, Commercial / ACA, Medicaid, Long Term Care, Pharmacy, Provider, and more) 
• Participate in consulting activities to include pricing, reserving, financial projections, model development, forecasting, and mergers and acquisitions
• Responsible for reviewing the work of peers and assisting with research and product development 
• Coordinate with Consultants, Managers, Professional Staff, and Interns as a project team to present client reports and deliverables 
• 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 

Minimum requirements 

• Bachelor’s or master’s degree in actuarial science, mathematics, economics, finance, accounting, or another major with quantitative course work  
• Minimum of 3 years of full-time actuarial experience 
• At least two actuarial exams passed  
• Thorough understanding of Microsoft Excel and actuarial concepts 

 Competencies and Behaviors that Support Success in this Role 

• Good academic standing (3.2 grade point average or above is preferred)
• Previous internship or relevant work experience
• Leadership experience and involvement in extra-curricular activities
• Experience working with SAS, VBA, or other coding languages is advantageous  
• Experience with Medicare Advantage and Part D programs, Medicaid programs, commercial individual/group insurance, employer health benefits, pharmacy, or provider risk-taking programs strongly preferred 
• Strong communication skills (both verbal and written)  
• Analytical thinking skills to evaluate analyses for downstream impact  
• Can complete project deliverables, meet deadlines, and ensure compliance with quality procedures  
• Strong time management skills  
• Ability to work independently and in a team environment 
• Client focused and results oriented  
• Ambition and excitement for professional development within the actuarial field 
• Demonstrates integrity in all functions of work 

The Team  

Milliman 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.  

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. 

Salary: The salary range is $63,000 to $131,000, depending on a combination of factors, including but not limited to education, relevant work experience, qualifications, skills, certifications, location, etc. 

Location: It is preferred that candidates work on-site at our Brookfield, WI, Chicago, IL, or Hartford, CT office, however, remote candidates will be considered.

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
• Pai