Actuary

Short Description

Fellowship in the Casualty Actuarial Society (FCAS) required. The ideal candidate is a critical thinker who pairs technical proficiency with strong skills in communication, organization, and creative problem-solving to assist on a wide variety of consulting projects.

Detailed Description

Independent for over 70 years, Milliman delivers market-leading services & solutions to clients worldwide. Today, we are helping companies take on some of the world’s most critical & complex issues, including retirement funding & healthcare financing, risk management & regulatory compliance, data analytics & 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 & financial services, and property & casualty insurance.

Who We Are

Our practice focuses on applying advanced actuarial techniques and geospatial technology to develop innovative insurance products for traditional & 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 the wildfire crisis in California. We also do traditional actuarial work such as ratemaking, reserving, predictive modeling & competitive analysis, plus a variety of special projects.

Role

On a typical assignment, an Actuary is responsible for:

• Contributing to the vision of a given project
• Overseeing the execution of the project
• Coordinating communication with clients
• Directing consultant participation
• Supervising Associate Actuaries & actuarial analysts
• Complying with internal quality control guidelines

On a typical assignment, an Associate Actuary would be responsible for:

• Developing analytical methods & calculations
• Supervising the inputting & manipulating of data
• Performing predictive modeling using Generalized Linear Models & non-linear methods using mostly the SAS & R software platforms supporting rate analyses
• Preparing & submitting state regulatory filing support
• Checking work for technical accuracy
• Supervising actuarial analysts

Qualifications

Required:

• A college degree, preferably in actuarial science, mathematics, data science, statistics, or other quantitative major
• Fellowship (FCAS) received within the past five years.
• Technically proficient in Excel
• SAS, R or SQL programming experience required, proficiency preferred
• Experience in property/casualty actuarial ratemaking &/or state regulatory filing strongly preferred
• Predictive modeling experience preferred

Desired:

The ideal candidate will have the following attributes:

• Service oriented
• Quick learner
• Team player
• Good with detail
• Excellent written & oral communication skills
• Good project management skills

Milliman Benefits

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

• Medical, dental & vision coverage for employees & 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 & can be used for any reason.
• Adoption assistance
• Milliman covers 100% of the premiums for life insurance, AD&D, & both short term & long term disability coverage
• Flexible spending accounts allow employees to set aside pre-tax dollars to pay for dependent care, transportation & applicable medical needs

Office:

Milliman is a firm of consultants & actuaries serving the full spectrum of business, governmental & financial organizations. This position is based in Milliman’s San Francisco office. Applicants must be willing to work onsite at one of the offices listed on this posting. The San Francisco, CA office houses one of the largest casualty actuarial consulting practices on the West Coast. Our San Francisco office is located in the Financial District, an easy walk from BART & most commuter bus lines.

Compensation:

The base salary for the position will vary with the candidate’s qualifications & experience. In addition, we offer a significant performance-based bonus plan, profit sharing, & generous benefits.

Milliman is an Equal Opportunity Employer

Milliman is fully committed to the maximum utilization of all human resources & the goals of Equal Employment Opportunity & Affirmative Action. We recruit, hire, train, promote, & 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, & active duty wartime or campaign badge veterans; & 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.

Preferred