Actuarial Analyst - San Francisco P&C (remote)

Who We Are

Independent since its creation in 1947, 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. Please visit our web site (https://www.milliman.com/en/social-impact) to learn more about Milliman’s commitments to our people, diversity and inclusion, social impact and sustainability.

 

The San Francisco Property and Casualty (P&C) practice, comprised of about 30 employees, focuses on applying advanced actuarial techniques and geospatial technology to develop innovative insurance products for traditional and start-up insurers, as well as the associated state regulatory rate filing support. We are thought leaders in climate change, artificial intelligence, telematics, and other leading-edge research. We work on some of today’s most important insurance problems, including modernizing flood insurance and addressing wildfire risk.

 

What You Will Do

We believe that the actuarial skillset has important applications across both our traditional actuarial work and our work in developing market areas, and are committed to developing a pipeline of actuarial talent and future leaders of the firm through exam support and interaction with senior colleagues. Our work ranges from ratemaking to reserving. On a day-to-day basis, the Actuarial Analyst will work closely with project team members to execute key analyses and conduct research that supports new solution to complex problems that our clients face. They will be expected to produce high-quality analytical work while also showing professionalism and strong communication skills when interacting with colleagues and, when applicable, client contacts. Much of the Analyst’s work will be done in Excel, but supplemental programming, statistical, and database skills are highly valued and will open up additional opportunities for impactful client assignments and advancement.

 

Actuarial Analysts in this practice are expected to pursue a credential with the Casualty Actuarial Society (CAS) by taking and passing actuarial examinations, and are provided time and monetary resources to support this pursuit.

 

Responsibilities will include:

• Developing spreadsheets
• Inputting and manipulating complex data
• Performing predictive modeling using GLM and non-linear methods using mostly SAS and R, to support rate analyses
• Preparing and submitting state regulatory filing support
• Checking work for technical accuracy

 

What We Are Looking For

Professional Qualifications

• Completed Bachelor’s degree or higher, including quantitative coursework in actuarial science, data science, mathematics, statistics, etc.
• A minimum of one passed actuarial exam, and pursuing a credential from the CAS
• A minimum of one completed internship in or related to the fields of actuarial science, statistics, or finance
• Up to two years of professional work experience
• Skilled in R (highly preferred), Python, and/or SQL
• Substantial expertise with MS Excel and Word
• Ability to obtain and maintain a U.S. Government issued Public Trust security clearance

Personal Qualifications

• Intellectual curiosity about the topics of risk, Milliman, and the work of our practice
• Inspired to contribute to the success of a project and succeed as a team
• Strong critical thinking, technical, and analytical skills
• Enthusiasm for producing high-quality, professional work with accuracy and integrity
• The ability to work collaboratively and organize various client needs in a fast-paced environment
• The ability and willingness to clearly articulate questions and ideas

 

Preferred Qualifications (not required)

• Some experience with predictive modeling
• Some skill in SAS

 

Location

The expected application deadline for this job is May 1, 2024. This role is based out of the Milliman office in San Francisco, California, but candidates hired into this role may work remotely