Actuarial Associate

BASIC FUNCTION

The Actuarial Associate at Milliman will provide employee retirement benefit services to clients under the guidance of actuaries. Responsibilities of the position include general support to the consulting actuaries and other members of the team. The Actuarial Associate will play a role in managing client relationships while also handling basic administrative tasks and routine projects.

JOB RESPONSIBILITIES

• Assist in preparation of recurring basic actuarial valuation and compliance work for qualified retirement plans of assigned clients, including:
  
  • actuarial funding valuations(corporate and public)
  • accounting valuations
  • government form preparation
• Assist in the preparation and presentation of materials for clients.
• Provide support on corporate and governmental OPEB plans
• Provide analysis and assistance on special projects.
• Provide input to actuary and/or consultant on appropriate steps to complete required work.
• Work with the consultant to understand how his or her work fits into the overall project.
• Assist the consultant with the billing process for assigned clients
• Assist the consultant with managing the client relationship, including attendance at meetings
• Take initiative to improve processes involved with assigned clients and disseminate information and ideas to responsible consultant and staff.
• Provide proper notification of significant issues that should be brought to the attention of the responsible Actuary or Senior Consulting Actuary.
• Observe Milliman's formal peer review policy.

JOB REQUIREMENTS

• At least five years of relevant benefits experience required, six or more years preferred
• Minimum preferred credentials: Working towards becoming an Enrolled Actuary (EA) and ASA. Plan to become an FSA is a plus
• Bachelor's degree (Master's degree is a plus)
• Minimum of one actuarial exam (more than one is a plus)
• Strong technical skills, previous IRS funding valuations, (calculations required under PPA, funding, and accounting rules preferred), preparing government forms, valuation data preparation, etc.
• Ability to manage own workflow
• Ability to work independently
• Must be motivated with strong oral and written communication skills
• Strong team player

COMPENSATION

A competitive base salary, plus a performance-based incentives bonus tied to the overall business performance. The firm offers an outstanding and comprehensive benefits package:

• 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
• Company supported actuarial exam program

ABOUT MILLIMAN

Milliman employs more than 3,500 people working in employee benefits, healthcare, life insurance/financial services, and property and casualty insurance. For more than 70 years, the firm has quietly earned a reputation for exceptional services, innovation, and quality. Today Milliman is one of the nation's most highly regarded providers of retirement plan services to the full spectrum of business, financial, government and union organizations.

HIRING PRACTICES

Our company, with the full support of our Chief Executive Officer, 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. Should you have a disability that requires assistance and/or reasonable accommodation with the job application process, please contact the HR department.

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)