Actuarial Analyst – Life & Annuity

🕒 April 9

☕ Washington – Remote

☕ Washington – Remote

💵 $75.8k - $152.6k / year

⏰ Full Time

🟡 Mid-level

🟠 Senior

📊 Actuary

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Milliman

WebsiteLinkedInAll Job Openings

1001 - 5000 employees

Founded 1947

🤝 B2B

⚕️ Healthcare Insurance

💸 Finance

B2B • Healthcare Insurance • Finance

Milliman is an independent global actuarial and consulting firm founded in 1947 that provides expertise in insurance, healthcare, retirement and employee benefits, risk management, and related financial services. The firm combines actuarial rigor, data science, and technology to deliver consulting, modeling, software, and advisory solutions to public- and private-sector clients addressing challenges such as healthcare costs, market volatility, climate risk, and program design. Milliman operates worldwide with multidisciplinary teams including actuaries, data scientists, clinicians, and software engineers.

📋 Description

• Perform actuarial analyses and modeling to support client engagements, including asset modeling, cash flow testing, financial projections, and reporting. • Build, enhance, and maintain actuarial and financial models used for valuation, forecasting, pricing, and risk management. • Produce clear, well-documented, and accurate work products that meet internal quality standards and client expectations. • Assist with statutory, GAAP, and international reporting requirements, including Bermuda-specific reporting where applicable. • Communicate analytical results and methodology to project team members and, as appropriate, participate in client meetings or calls under supervision. • Work with senior actuaries to support business development activities, including research, model development, and proposal support. • Balance multiple projects and deadlines in a fast-paced consulting environment. • Occasional domestic and international travel for client work or business development activities.

🎯 Requirements

• Bachelor’s degree in actuarial science, mathematics, statistics, economics, or a related quantitative field. • 4–6 years of relevant actuarial experience. • Progress toward ASA designation; intent to pursue FSA. • Hands-on experience with: Cash flow testing (including AG55), Asset modeling, Bermuda reporting, Life and annuity insurance products, Actuarial pricing and projection systems, particularly MG-ALFA® or similar software. • Strong technical and analytical skills with the ability to produce accurate, well-documented work. • Advanced proficiency in Microsoft Excel. • Experience of one or more of the following: Access, SAS, SQL, Python, R, and/or Excel VBA. • Experience with Integrate / MG-ALFA® or similar actuarial systems (required). • Experience with Tableau and/or Power BI (preferred).

🏖️ Benefits

• 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.