Who We Are

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 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 (ERGs) 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.

Milliman's Tri-State Region Property and Casualty practice (TRPC) provides a wide variety of actuarial consulting services to insurance carriers, reinsurers, and self-insureds including loss reserving, pricing, predictive modeling, and financial modeling.

What You Will Do

The Associate Actuary is responsible for performing various levels of analysis related to concurrent client projects, such as reviewing data in preparation for analysis, implementing technical analysis processes, checking data for errors and consistency, drafting reports, and maintaining documentation. In addition to tactical responsibilities, Associate Actuaries present their findings to their peers and project managers. The Associate Actuary will delegate some work to Actuarial Analysts and mentor them to increase the team's effectiveness. Work is shared across the practice, giving everyone the opportunity to build their skills and showcase their abilities.

Our ideal hire for this role is someone who enjoys thinking critically to solve a client's business problems; seeks out opportunities to increase their technical skills and to pair them with creativity; is adept in managing their own workload; and is committed to the actuarial exam and credentialing process through the Casualty Actuarial Society.

Responsibilities include:

• Understand, modify, and operate complex spreadsheets and database tools to analyze data and solve problems
• Receive, organize, and review data in preparation for analysis and check the data for consistency
• Present findings to peers, project managers and, in some cases, clients
• Draft written reports and exhibits, and prepare other internal/external correspondence
• Check their own and peers' work for accuracy
• Undertake research projects
• Perform or assist with other duties assigned at the direction of Actuaries and Principals
• Work on and manage multiple concurrent projects

What We Are Looking For

Professional Qualifications (required)

• Completed bachelor's degree in actuarial science, mathematics, data science, statistics, or other quantitative major
• ACAS credential
• Between 4 and 8 years of professional actuarial experience
• Prior P&C reserving and/or pricing experience
• Extensive use of Excel for data analysis
• Proven technical skill in programming with R, Python, SQL and/or SAS

Personal Qualifications

• Quick learner who takes initiative to dive deep and solve problems
• Able to adjust on the fly, to accept new assignments or shift focus, and balance multiple concurrent projects
• Comfortable with informal leadership or mentorship of coworkers
• "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, including the ability to express or explain complicated technical concepts to a variety of audiences, and respond to questions about methods or results

Preferred Qualifications

• Experience with data visualization (e.g., PowerBI, Tableau)
• Predictive modeling experience

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

The expected application deadline for this job is June 1, 2024. This is a remote position. Candidates hired into this role will primarily work remotely using video conferencing applications. The new hire may work onsite in select Milliman office locations (New York, NY or Philadelphia, PA), if they prefer and dependent on the availability of office space.

Compensation

The remote salary range, including locations in NY state but outside of New York City, is $84,000 to $176,000, and the New York City salary range is $109,000 to $176,000. Both ranges are dependent upon 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)