Actuary (ASA) - EB Consulting

Health & Group Benefits Consultants are an integral part of the overall client management and client relationship function in Milliman's Employee Benefits Consulting practice. The successful candidate will have at least eight years of Health & Welfare actuarial and consulting experience, with a strong working knowledge of benefits design, delivery, financing, and strategy. This full-time, hybrid position will be part of a team supporting the delivery of consulting projects as well as maintaining existing and growing new client relationships. This position will include support of the employer health and group benefits market.

Milliman's management has a history of rewarding performance and views this position as a vital piece of its ongoing strategy to solidify and grow long-term client relationships. This position offers the potential to operate as a business manager along with high visibility and unlimited career advancement.

Who We Are

Independent for over 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 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.

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.

What You Will Do

• Support health & group benefit Consulting Actuaries and manage large, complex client projects and relationships for select Health & Group Benefits clients.
• Provide actuarial and consulting support to clients, including plan design, financial analysis and projections, benefit strategy, and vendor selection and management.
• Oversee, mentor and train actuarial analysts to support the delivery of work
• Manage the marketing and vendor search process for all lines of coverage including (but not limited to) medical, PBM, dental, life/AD&D, disability, vision and reinsurance coverage.
• Leverage expertise and experience to build and strengthen relationships, representing the Practice with key customers, prospects, providers, and other market stakeholders.
• Follow established Milliman protocol for tracking activity, project results and compliance with peer review standards.
• Establish and maintain strong working relationships with appropriate consultants within the Milliman group of practices.

What We Are Looking For

• At least eight years of Health & Welfare actuarial and consulting experience.
• Health and life insurance license preferred.
• Bachelor's degree
• Minimum Designation: ASA, MAAA
• Demonstrated success supporting Health & Welfare actuarial and consulting services.
• Understanding of the marketing / vendor search process and the ability to manage the total process.
• Thorough understanding of self-insurance and stop-loss coverage concepts.
• Effective time management skills to prioritize and organize multiple complex projects and oversee the staff delivering them
• Ability to train and develop actuarial staff and ensure they are fully engaged and supporting the practice
• Strong skills as a problem solver, including taking initiatives to complete necessary research and document the process used to reach conclusions.
• Able to work with time-sensitive material and meet multiple deadlines.
• Able to work independently while also contributing to team environment.

Personal Characteristics

Must demonstrate Milliman's core values which include:

• Integrity - Must be honest, fair, active listener, open communicator and accountable.
• Teamwork - Work cooperatively and treat clients and coworkers with respect and dignity while valuing individual differences, encouraging new ideas and sharing information.
• Commitment to excellence - Demonstrate commitment to being creative, innovative, flexible and adaptable, focusing on quality solutions, continually improving and being a winner.
• High energy with effective poise and presence, self-motivated and relentlessly striving towards goals.
• Ability to work with a sense of urgency with strong customer service approach.

Individual(s) must be legally authorized to work in the United States without the need for immigration support or sponsorship from Milliman now or in the future.

The Team

The EB Consulting practice provides actuarial and consulting services for multiple industries, for actives and retirees and for Corporate, Public and Multiemployer Plans. This practice works with several key types of clients organized into the following lines of business:

• Pension Plans
• Other Postretirement Benefit Plans
• Health and Group Benefits

Location

Candidates hired for this role must be willing to work in-person at one of our listed Milliman offices on a weekly basis. However, flexible work arrangements will be considered for our hybrid environment.

Compensation

The salary range is $92,200 - $212,640, depending on a combination of factors, including but not limited to education, relevant work experience, qualifications, skills, certifications, location, etc. If overall experience is less than 10 years the range would be $92,200 - $188,160; for experience of greater than 10 years, the range would be $104,200 - $212,640.

Benefits

We offer a comprehensive benefits package designed to support employees' health, financial security, and well-being. Benefits include:

• Medical, Dental and Vision - Coverage for employees, dependents, and domestic partners.
• Employee Assistance Program (EAP) - Confidential support for personal and work-related challenges.
• 401(k) Plan - Includes a company matching program and profit-sharing contributions.
• Discretionary Bonus Program - Recognizing employee contributions.
• Flexible Spending Accounts (FSA) - Pre-tax savings for dependent care, transportation, and eligible medical expenses.
• Paid Time Off (PTO) - Begins accruing on the first day of work. Full-time employees accrue 15 days per year, and employees working less than full-time accrue PTO on a prorated basis.
• Holidays - A minimum of 10 paid holidays per year.
• Family Building Benefits - Includes adoption and fertility assistance.
• Paid Parental Leave - Up to 12 weeks of paid leave for employees who meet eligibility criteria.
• Life Insurance & AD&D - 100% of premiums covered by Milliman.
• Short-Term and Long-Term Disability - Fully paid by Milliman.

Equal Opportunity

Milliman is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to sex, race, color, religion, national origin, disability, protected Veteran Status, age, or any other characteristic protected by the law.