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 retirement funding and healthcare financing, risk management & regulatory compliance, data analytics and business transformation.
Through a team of professionals ranging from actuaries to clinicians, technology specialists to plan administrators, we offer unparalleled expertise in employee benefits, investment consulting, healthcare, life insurance and financial services, and property and casualty insurance.
Who We Are
The San Francisco Property and Casualty 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 the wildfire crisis in California.
Role
The Actuary would supervise the work of Associate Actuaries and Actuarial Analysts, as well as be responsible for:
- Contributing to the vision of a given project
- Overseeing the execution of a project
- Coordinating with clients, and nurturing the client relationship
- Directing staff participation in projects
- Complying with internal quality control guidelines
- Checking work for technical accuracy
The nature of the projects will vary widely throughout the year. We also do traditional actuarial work such as ratemaking, reserving, predictive modeling and competitive analysis, plus a variety of special projects.
Qualifications
Required:
- Fellowship (FCAS) and less than ten years' experience in property-casualty actuarial work
- A college degree in actuarial science, mathematics, data science, statistics, or other quantitative major
- Experience in property and casualty actuarial ratemaking and/or state regulatory filing (auto and/or property preferred)
- Technically proficient in Excel
- SAS, R or SQL programming experience (proficiency preferred)
- Predictive modeling experience strongly preferred
The ideal candidate will have the following attributes:
- Service oriented
- Quick learner
- Team player
- Good with detail
- Excellent written and oral communication skills
- Good project management skills
Milliman Benefits
At Milliman, we focus on creating an environment that recognizes - and meets - the personal & professional needs of the individual. We offer a competitive benefits package which includes:
- Medical, dental and vision coverage for employees and their families, including eligible 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
Location
This role is based out of the Milliman office in San Francisco, CA, but candidates hired into this role may work remotely anywhere in the U.S.
Compensation
The salary range for the actuary position is $98,000 to $200,000, depending on a combination of factors, including, but not limited to, education, relevant work experience, qualifications, skills, certifications, location, etc.
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)
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.