Associate Actuary

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☕ Washington – Remote

☕ Washington – Remote

💵 $100.4k - $208.4k / year

⏰ Full Time

🟢 Junior

🟡 Mid-level

📊 Actuary

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Milliman

WebsiteLinkedInAll Job Openings

1001 - 5000 employees

Founded 1947

🏥 Healthcare

🛡️ Insurance

💼 Consulting

Healthcare • Insurance • Consulting

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

• Lead Medicare Part D and Medicare Advantage bid pricing and forecasting • Present results to clients and participate in strategic discussions • Provide strategic guidance to local and regional health plans on impacts of the Inflation Reduction Act and other regulatory and market forces • Analyze healthcare data • Write reports explaining technical concepts clearly to non-technical audiences • Manage projects through completion within an expected budget • Supervise actuarial students on technical aspects of actuarial projects • Develop the ability to manage client relationships • Potentially generate new business with new and existing clients

🎯 Requirements

• Bachelor’s degree in mathematics, statistics, economics, or a related field • ASA designation • 10+ years of healthcare actuarial experience • Three or more years of Medicare Part D experience, including bid development • Experience with Medicare Advantage • Proven ability to communicate technical concepts clearly to non-technical audiences • Strong understanding of the US healthcare system • Advanced proficiency with Excel • Working knowledge of SAS, SQL, or R • Excellent verbal and written communication skills • Ability to work effectively independently and collaboratively in a team environment • Ability to succeed in a fast-paced environment with a strong focus on client satisfaction • Entrepreneurial, proactive, solutions-oriented approach • Legally authorized to work in the United States without immigration support or sponsorship • Preferred: Bid Certification; experience with R and/or Python; experience with PowerBI • Commercial programs experience preferred, but not required

🏖️ Benefits

• Medical, Dental and Vision coverage for employees, dependents, and domestic partners • Employee Assistance Program (EAP) • 401(k) plan with company matching and profit-sharing contributions • Discretionary Bonus Program • Flexible Spending Accounts (FSA) • Paid Time Off (PTO); full-time employees accrue 15 days per year • Minimum of 10 observed holidays per year • Family Building Benefits, including adoption and fertility assistance • Up to 11 weeks of paid parental leave for eligible employees • Life Insurance & AD&D with 100% of premiums covered by Milliman • Fully paid short-term and long-term disability • Extensive on-the-job training in consulting skills and advanced actuarial techniques • Mentor program and career growth support • Skills training, career development, learning, and mentoring opportunities • Employee Resource Groups (ERGs) • Opportunity to give back through professional organizations