Actuary

Short Description

The Actuary position is responsible for performing various levels of analysis related to our client projects. The ideal candidate is a critical thinker who possesses strong communication and organizational skills, and is committed to, or has already completed, the actuarial exam process. This position also requires strong technical skills to pair with creative problem solving skills to assist on a wide variety of consulting projects. The nature of the projects will vary widely throughout the year. We do traditional actuarial work such as ratemaking, predictive modeling and reserving, plus a variety of special projects.

Detailed Description

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.

Who We Are

The nature of the projects will vary widely through the year. We do traditional actuarial work such as ratemaking, reserving, predictive modeling and competitive analysis, plus a variety of special projects.

Role

The Actuary helps lead multiple projects simultaneously. On a typical assignment, the actuary would be responsible for:

• Contribute to the vision of a given project and design analyses
• Write reports and support Principal with client communication
• Direct interaction with client and/or client's other vendor partners (e.g., broker, captive manager, auditor)
• Oversee the execution of the project
• Direct staff participation
• Train and provide guidance to Actuarial Analysts
• Comply with internal quality control and peer review guidelines
• Participate in marketing opportunities including publications and presentations
• Perform or assist with other duties assigned at the direction of management

Qualifications

Required:

• Bachelor’s degree required
• ACAS with 2 years of experience in property and casualty reserving
• 4 years of experience with medical professional liability insurance or other claims-made insurance products
• Experience presenting results and proposed changes to stakeholders
• Experience successfully leading projects
• Experience handling multiple projects and multi-tasking

Desired Experience:

• Experience with large account pricing
• Experience with business intelligence / visualization software (e.g., powerBI or Tableau)
• Experience with Statements of Actuarial Opinions for statutory insurance company Annual Statements
• Experience supervising staff

Required Skills and Competencies:

• Service oriented
• Excellent project management and team player skills
• Excellent written and oral communication skills
• Quick learner and initiative taker
• Attention to detail and technical accuracy
• Attention to design of work product to aid in explanation to client
• Advanced skills in Microsoft Office Word, Excel, and data aggregation (SQL, Access, R)

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

Location

This position will be based out of the Milliman office in Pasadena, but applicants can work from another Milliman office such as Dallas, Orange County, San Francisco, or Seattle.

Compensation

The base salary for the position will vary with the candidate’s qualifications and experience. In addition, we offer a significant performance-based bonus plan, profit sharing, and generous benefits. We also offer a full study program for actuarial students.

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.

Preferred