Actuary (ASA) - Seattle Health

Independent for over 70 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.

The Seattle Health staff is looking for an ASA with experience in health actuarial work. The position requires creative actuarial capabilities, good communication and interpersonal skills, and organizational talents. A high degree of self-motivation and the ability to lead a team of dedicated consultants are also necessary for success. We provide extensive on-the-job training in consulting skills and advanced actuarial techniques.

Who We Are

Milliman’s Seattle Health Practice serves a wide variety of organizations, including insurance companies, health plans, state and federal agencies, healthcare providers, reinsurance companies, and employers. The staff consists of 100 actuarial professionals in addition to Healthcare Management Consultants, IT, Administrative, and other non-actuarial staff. 

At Milliman, our mission is to serve our clients to protect the health and financial well-being of people everywhere. We believe we can accomplish this mission by adhering to our core values:

• Quality – Our advice, products and client service adhere to the highest standards of quality.
• Integrity – We demonstrate integrity in all that we do. We are committed to honesty and professionalism in our interaction with our clients and fellow employees, including independent advice free of conflicts.
• Opportunity – We are committed to providing our people opportunities to achieve their full potential, including opportunities to:
• Shape their own careers
• Assist in developing the strategy of their practice
• Pursue innovations to further Milliman’s mission in the marketplace

By joining Milliman, you be working with some of the most experienced, most capable people in the health industry. Through our mentor program, you will have a dedicated colleague available to help guide your career growth. For the right candidate, these opportunities will help you grow professionally while enjoying the work you do.

Responsibilities

Responsibilities for this position include:

• Performing analysis of healthcare data
• Writing reports that explain technical concepts clearly to a non-technical audience
• Managing project through completion within an expected budget
• Supervising actuarial students in the completion of technical aspects of actuarial projects

Candidates will be expected to develop the ability to manage client relationships. While not required, candidates that learn to successfully generate new business with both new and existing clients are likely to experience the greatest career growth.

Experience/Education

Candidates should possess the following:

• Bachelor’s degree in mathematics, statistics, economics, or a related field
• Four or more years of healthcare actuarial experience. Meaningful experience in one or more of the following areas would be considered a “plus”:
  • Medicaid rate-setting
  • Reserving and year-end statutory financials (“blue” and “orange” blanks)
  • ACA pricing/rate filing
  • Medicare Advantage, especially bid development and understanding of revenue mechanisms (e.g., risk scores, star ratings)
  • Value-based provider contracting
  • Employer stop-loss and/or reinsurance pricing

Requirements

Candidates should possess the following qualifications and skills:

• ASA designation
• Good writing and speaking skills
• Proficiency with Excel
• Ability to work both independently and in team environments

In addition to the requirements listed above, we would like candidates that possess the following qualifications and skills:

• Some knowledge of SAS, SQL, or R
• Proven ability to work in a fast-pace environment where client satisfaction is key
• Strong understanding of the US healthcare system
• Demonstrable skills in presenting technical concepts to a non-technical audience in an understandable way
• Entrepreneurial spirit

Salary

Dependent upon experience, with potential for bonus of well over 40% based upon billable hours and business managed.

To be considered for this position, please upload a resume and cover letter.

Milliman Benefits

At Milliman, we focus on creating an environment that recognizes – and meets – the personal and professional needs of the individual. We offer a competitive benefits package which includes:

• Medical, dental and vision coverage for employees and their families, including eligible domestic partners.
• A 401(k) plan with matching program
• Paid Parental Leave up to 12 weeks
• Profit sharing as a discretionary contribution to employees’ retirement accounts
• Paid Time Off (PTO) starts accruing on the first day of work and can be used for any reason.
• Adoption assistance
• Milliman covers 100% of the premiums for life insurance, AD&D, and both short term and long term disability coverage
• Flexible spending accounts allow employees to set aside pre-tax dollars to pay for dependent care, transportation and applicable medical needs
• Teladoc and nurse advice line
• Best Doctor - Medical second opinion, in-depth expert medical review, access to expert physicians, critical care support, and referral services at no cost
• Employee Assistance Program (counseling and support on everyday life issues; financial tools and calculators; discount tax preparation; legal forms; wellness coaching; interactive e-learning programs)
• Computer, software and mobile phone discount programs
• ORCA Pass unlimited rides (Seattle only)
• Corporate Social Responsibility and Giving programs

Location

This position will be based out of the Milliman office in Seattle.

Milliman is an Equal Opportunity Employer

Milliman is fully committed to the maximum utilization of all human resources and the goals of Equal Employment Opportunity and Affirmative Action. We recruit, hire, train, promote, and consider qualified applicants for employment, in all job titles without regard to age, ancestry, citizenship status, color, creed, familial status, genetic information, marital status, national origin, political ideology, race, religion, sex, sexual orientation, gender identity, status as an individual with a disability, or veteran status, including qualified disabled veterans, Armed Forces service medal veterans, recently separated veterans, and active duty wartime or campaign badge veterans; and shall not discriminate against any individual, or any other characteristic protected by law.  Federal law requires employers to provide reasonable accommodation to qualified individuals with disabilities. Please tell us if you require a reasonable accommodation to apply for a job or to perform your job. Examples of reasonable accommodation include making a change to the application process or work procedures, providing documents in an alternate format, using a sign language interpreter, or using specialized equipment.

No recruiters, please.