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 developing insurance for emerging markets, highly focused on data analytics and business transformation. Through a team of professionals ranging from actuaries to compliance professionals, data scientists to actuarial analysts, we offer unparalleled expertise in the insurance industry.
As the nature of risk has evolved, so has the scope of our work. Today, we are helping clients address some of the world's most profound social and business challenges, including a looming retirement crisis, an evolving healthcare landscape, and the effects of climate change and a global pandemic.
We are empowered by the diversity of our backgrounds, driven by a shared commitment to innovate, and inspired by a common mission: to serve our clients to protect the health and financial well-being of people everywhere.
Opportunity Description
Milliman's Western Region Property and Casualty (WRPC) Practice provides a wide variety of actuarial consulting services including reserve projections, feasibility studies, retention analyses, predictive modeling, rate development, rate indications, and state filing support.
The Dallas team within WRPC services a broad array of clients in the property and casualty field focusing primarily on loss reserve and pricing analyses for insurance companies and self-insured corporations, including alternative risk programs such as captive insurance companies. This position provides excellent opportunities for professional development and advancement.
An actuary at the Analyst level contributes independently and with the support of a collaborative team. Our ideal hire for this role is someone who enjoys thinking critically to solve a client's business problems. This Actuarial Analyst will have the opportunity to contribute to a variety of projects and client work. This person will also:
- Create exhibits and perform analyses under supervision of Consultant or Principal
- Conduct data aggregation and manipulation
Check reports and exhibits for accuracy to comply with internal checking and documentation guidelines
- Interact with clients to acquire and validate data
- Perform or assist with other duties assigned at the direction of Actuaries and Principals
Required Qualifications
- Completed Bachelor's degree in economics, finance, actuarial science, or similar major
- Two or more actuarial exams passed
- 2-5 years of relevant professional experience (can include internships) including aggregating and analyzing data
- Experience with Excel
Required Skills and Competencies
- Quick learner who takes initiative to dive deeper and solve problems
- Able to adjust on the fly, to accept new assignments or shift focus, and balance multiple concurrent projects
- "Big picture" thinking to help anticipate client needs
- Superb attention to detail and technical accuracy
- Motivated to work independently and as part of a team
- Excellent written and oral communication skills
Wish List
- Prior P&C pricing and/or reserving experience
- Proven technical skill in data aggregation and analysis (SQL, Access, R, Python, SAS)
- Experience with business intelligence / visualization software (e.g. PowerBI, Tableau)
- Experience with Statements of Actuarial Opinions for statutory insurance company Annual Statements
Milliman 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)
- 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
Location
This role will be part of the Milliman Western Region Property & Casualty group. Candidates hired into this role will be required to work in-person in the Milliman office in Dallas, TX on a weekly basis, but flexible work arrangements will be considered.
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)
Working at
Milliman
Milliman is among the largest actuarial and management consulting firms in the world. The firm employs over 2,800 people, including a professional staff of over 1,400 qualified actuaries and consultants in over 50 offices around the world. We provide actuarial consulting services in the property and casualty, life, health, and pension areas to clients which include insurance companies, insurance purchasers, regulators, self-insurers, and pension plan sponsors. Property and casualty services provided cover such diverse areas as evaluation of loss and expense reserves, pricing and funding requirements, risk retention, insurance management and operations, financial analysis, claims consulting, and reinsurance issues. The services we offer are as diverse as our clientele, but all are custom-tailored to meet the unique requirements of each client. For more detail on Milliman, please visit our website at www.milliman.com.