Who We Are

Independent since its creation in 1947, 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.

Milliman invests in skills training and career development, and gives all employees access to a variety of learning and mentoring opportunities. Our growing number of Milliman Employee Resource Groups (ERG's) are employee-led communities that influence policy decisions, develop future leaders, and amplify the voices of their constituents. We encourage our employees to give back to their varied professions, including leadership in professional organizations. Please visit our web site (https://www.milliman.com/en/social-impact) to learn more about Milliman's commitments to our people, diversity and inclusion, social impact and sustainability.

The San Francisco Property and Casualty (P&C) practice, comprised of about 30 employees, focuses on applying advanced actuarial techniques and geospatial technology to develop innovative insurance products for traditional and start-up insurers, as well as the associated state regulatory rate filing support. We are thought leaders in climate change, artificial intelligence, telematics, and other leading-edge research. We work on some of today's most important insurance problems, including modernizing flood insurance and addressing wildfire risk.

What You Will Do

We believe that the actuarial skillset has important applications across both our traditional actuarial work and our work in developing market areas, and are committed to developing a pipeline of actuarial talent and future leaders of the firm through exam support and interaction with senior colleagues. Our work ranges from ratemaking to reserving. On a day-to-day basis, the Actuarial Analyst will work closely with project team members to execute key analyses and conduct research that supports new solution to complex problems that our clients face. They will be expected to produce high-quality analytical work while also showing professionalism and strong communication skills when interacting with colleagues and, when applicable, client contacts. Much of the Analyst's work will be done in Excel, but supplemental programming, statistical, and database skills are highly valued and will open up additional opportunities for impactful client assignments and advancement.

Actuarial Analysts in this practice are expected to pursue a credential with the Casualty Actuarial Society (CAS) by taking and passing actuarial examinations, and are provided time and monetary resources to support this pursuit.

Responsibilities will include:

• Developing spreadsheets
• Inputting and manipulating complex data
• Performing predictive modeling using GLM and non-linear methods using mostly SAS and R, to support rate analyses
• Preparing and submitting state regulatory filing support
• Checking work for technical accuracy

What We Are Looking For

Professional Qualifications

• Completed Bachelor's degree or higher, including quantitative coursework in actuarial science, data science, mathematics, statistics, etc.
• A minimum of one passed actuarial exam, and pursuing a credential from the CAS
• A minimum of one completed internship in or related to the fields of actuarial science, statistics, or finance
• Up to two years of professional work experience
• Skilled in R (highly preferred), Python, and/or SQL
• Substantial expertise with MS Excel and Word
• Ability to obtain and maintain a U.S. Government issued Public Trust security clearance

Personal Qualifications

• Intellectual curiosity about the topics of risk, Milliman, and the work of our practice
• Inspired to contribute to the success of a project and succeed as a team
• Strong critical thinking, technical, and analytical skills
• Enthusiasm for producing high-quality, professional work with accuracy and integrity
• The ability to work collaboratively and organize various client needs in a fast-paced environment
• The ability and willingness to clearly articulate questions and ideas

Preferred Qualifications (not required)

• Some experience with predictive modeling
• Some skill in SAS

Location

The expected application deadline for this job is May 1, 2024. This role is based out of the Milliman office in San Francisco, California, but candidates hired into this role may work remotely anywhere in the U.S.

Compensation

The salary range is $56,000 to $131,000, depending on a combination of factors, including but not limited to education, relevant work experience, qualifications, skills, certifications, location, etc. If overall experience is less than 2 years the range would be $56,000 to $117,000; if overall experience is greater than 2 years but less than 4 years, the range would be $63,000 to $131,000.

Benefits

At Milliman, we focus on creating an environment that recognizes - and meets - the personal and professional needs of the individual and their family. 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

Equal Opportunity

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)