Associate Actuary – Property and Casualty

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🕒 March 27

🗽 New York – Remote

🗽 New York – Remote

💵 $88.8k - $208.4k / year

⏰ Full Time

🟢 Junior

🟡 Mid-level

📊 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

• Responsible for core actuarial consulting work, including reserving and pricing engagements, with reserving as the primary focus. • Performing reserve reviews, pricing analyses, developing predictive models for a range of applications, and evaluating clients’ reserving and modeling approaches to identify opportunities for methodological enhancement. • Predictive modeling expertise and strong programming skills (preferably in R). • Understand, modify, and operate complex spreadsheets and database tools to analyze data and solve problems. • Receive, reconcile, manipulate, and analyze data using programming languages such as R and SQL. • Check data for consistency. • Develop and use actuarial models. • Present findings to peers, project managers, and client relationship managers. • Draft written reports and exhibits, and prepare other internal/external correspondence. • Check their own and peers’ work for accuracy. • Undertake research projects and perform or assist with other duties assigned at the direction of Actuaries and Principals.

🎯 Requirements

• Completed bachelor’s degree (at time of application) in actuarial science, mathematics, data science, statistics, or other quantitative major. • Associate credential attained (at time of application) from the Casualty Actuarial Society (ACAS) and in pursuit of Fellow credential. • Between five and twenty years of professional actuarial experience, including substantial reserving experience and meaningful predictive modeling experience, preferably within a commercial insurance or reinsurance environment. • Strong knowledge of traditional actuarial and predictive modeling methodologies (e.g., generalized linear models), along with familiarity with advanced techniques such as regularized regression, GAMs, GLMMs, tree-based methods, and Bayesian approaches. • Strong technical and programming skills, with the ability to manage data and automate complex data processes in R (preferred), SAS, SQL, or other programming languages. • Individual(s) must be legally authorized to work in the United States without the need for any immigration support or sponsorship from Milliman now or in the future.

🏖️ 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.