Actuarial Analyst

The Actuarial Analyst position will assist in completing projects related to health insurance, long-term care insurance, and related predictive modeling for the Minneapolis Health and Life practice using actuarial analyses to support any of our clients' needs.

Detailed Description

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.

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 Minneapolis Health and Life practice is composed of healthcare and long-term care insurance professionals who provide our clients with industry-leading consulting services. We also develop and maintain innovative products that complement our consulting services. We are an expanding group with experience leading the way in industries that continuously change and evolve. Our office encourages an open and collaborative work environment to help our professionals grow and thrive.

The Department/Team

The actuarial team is involved in work that supports all areas of the practice. The analyses and techniques used are cutting edge while providing clients with accurate and easily interpreted business results. Employees balance working independently and collaborating with other team members. Actuaries and subject matter experts work closely together to ensure solutions are both statistically rigorous and solving the correct problem for the client.

Role

You will:

• Problem-solve using spreadsheets, databases, and other resources to synthesize and analyze data and information,
• Build and maintain tools for pricing,
• Perform ad-hoc data analyses,
• Present results to peers and project leaders,
• Draft written reports and prepare other external/internal correspondence,
• Prepare and document project files,
• Assist with research and business development projects, and
• Progress towards ASA and FSA status.

Qualifications

Required:

• Strong technical and analytical skills,
• Strong attention to detail,
• Good communication skills, including the ability to express complicated technical concepts verbally and in writing to a variety of audiences,
• Working knowledge of spreadsheet and word processing software,
• Bachelor's degree,
• GPA 3.0 or higher, and
• At least one SOA/CAS exam passed.

Desired:

• 0-2 years of experience in healthcare, insurance, or a related field,
• Working knowledge of SAS, R, and/or Python (or similar tools), particularly experience working with large datasets (million+ records),
• Computer programming aptitude, with VBA and/or SQL experience,
• GPA 3.5 or higher, and
• Ability to work independently.

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:

• Competitive starting salary and additional compensation upon the completion of each exam
• Overtime protection when studying for an exam
• Society of Actuaries exam fees and study materials paid by Milliman
• Opportunity to earn end-of-year bonus
• 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
• Business casual work environment with free covered parking

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)