Overview

We are looking for a Senior Actuarial Analyst to assist with the development and use of actuarial models for a variety of projects to meet the needs of our clients, including capitation rate setting, pricing, reserving, forecasting, and budgeting. Candidates should be able to independently review, organize and analyze statistical data, develop and utilize actuarial models, analyze healthcare costs and utilization data and trends, and implement software solutions under minimal supervision. This role has a primary focus supporting state Medicaid projects.

Our flat structure provides ample opportunity for self-motivated professionals to ask questions, learn quickly, interact with leading experts in the field, and take on responsibility commensurate with desired professional growth. Actuarial staff are encouraged to utilize our continuing education program for support on the path to Fellowship.

Responsibilities

In this role, you will be expected to:

• Analyze healthcare cost and utilization data using spreadsheets and databases
• Review, organize and analyze statistical data using Excel, R, SQL and SAS
• Examine benefit plan and insurance pricing
• Perform experience analysis and reserving
• Complete technical research and computer modeling
• Provide financial and statistical analysis
• Reconcile claims data and project future costs
• Draft client communications
• Act as a good representative of the practice both professionally and socially
• Actively participate in a team-based environment
• Display willingness and eagerness to learn

Qualifications

• 3 or more Society of Actuaries exams passed
• A desire to expand actuarial skills
• Proficient in Microsoft Office - Excel, Word, PowerPoint
• Advanced computer programming experience
• Ability to quickly learn new software programs
• Strong analytical, communication, time management and organizational skills
• Ability to work on multiple projects at any given time
• Ability to apply skills learned on one project to subsequent analyses
• Strong attention to detail
• Ability to follow technical instructions
• Professional presence
• Treats others with respect

Required

• 4 years'+ of full-time actuarial experience

The Team

The Indianapolis Health Practice is strategically structured to serve state Medicaid agencies and other health and human services agencies. We create dedicated core teams for each state Medicaid agency client that are customized to serve each of our clients' unique needs. New staff are placed on a dedicated state client team, learning from seasoned consultants. As a member of a state client team, you will observe how we provide comprehensive consulting services which span from many different disciplines and backgrounds including actuarial, data management, finance, pharmacy, and policy, all working together for a common goal to best serve our clients' needs.

Location

The person hired for this role will work in a dynamic, hybrid environment, with 2 to 3 days per week of on-site work required in our Indianapolis office on a weekly basis.

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

Who We Are

Independent for 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.

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.

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)