Actuary

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.

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.

The Department/Team

The Minneapolis Health and Life practice has a strong team of actuaries, analysts, data scientists, and other professionals. We are committed to doing innovative and high-quality work. We use large data sets in new ways to fulfill Milliman's mission: To serve our clients to protect the health and financial well-being of people everywhere.

We have worked for insurance companies, healthcare providers, startup companies, large employers, and many other clients, both in the US and abroad.

Our practice values collaboration, and we are committed to helping everyone on the team learn new skills and reach their highest potential.

Role

Responsibilities for this role may include:

• Providing guidance, supervision, and mentorship for more junior staff;
• Creating reports and other client communications;
• Presenting results to clients and answering technical and business questions;
• Working creatively to deliver innovative solutions to clients;
• Building relationships with key client contacts;
• Working collaboratively on practice marketing efforts;
• Delegating work to meet client needs;
• Executing business development initiatives; and
• Working with practice leadership to identify areas of opportunity and innovative ways we can serve new and existing clients.

Qualifications

Required:

• Bachelor's degree or higher in Mathematics, Actuarial Science, Economics or a related field
• At least 7 years as a Fellow of the Society of Actuaries
• At least 5 years of experience preparing Medicare Advantage bids, including at least 3 years certifying them
• At least 10 years of experience in a healthcare role involving actuarial work, with at least 5 years in a consulting firm
• Excellent verbal and written communication skills
• Ability to prioritize and complete multiple projects and tasks within deadlines
• Ability to present complex technical information to a variety of audiences, including executive leadership
• Proficiency with spreadsheets and database applications
• Self-motivated, creative, and resourceful

Desired:

• Experience with other common health actuarial projects: reserving, pricing and filing rates for group and individual health insurance products, etc.
• Experience applying SAS, R, Python, or other programming languages to analyze healthcare data
• Sharp critical thinking skills, sound judgment and decision-making ability, and both the ability and willingness to clearly articulate your ideas
• An inherent sense of the value of collaboration
• The ability to work both collaboratively and independently
• Proven ability to work in a fast-paced environment where the client is always first

Location

This position is based out of the Milliman office in Minneapolis.

Milliman Benefits

We offer competitive benefits which include the following based on plan eligibility:

• Medical, dental and vision coverage for employees and their dependents, including domestic partners
• A 401(k) plan with matching program, and profit sharing contribution
• Employee Assistance Program (EAP)
• A discretionary bonus program
• Paid Time Off (PTO) starts accruing on the first day of work and can be used for any reason; full-time employees will accrue
• 15 days of PTO per year, and employees working less than a full-time schedule will accrue PTO at a prorated amount based on hours worked
• Family building benefits, including adoption and fertility assistance and paid parental leave up to 12 weeks for employees who have worked for Milliman for at least 12 months and have worked at least 1,250 hours in the preceding 12-month period
• A minimum of 8 paid holidays
• 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

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

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)