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Milliman

Milliman

Health & Welfare Actuarial Analyst

Health & Welfare Actuarial Analyst

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Job Details
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Uploaded On
June 29, 2023
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Location
Little Falls, United States
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Remote?
No
Salary
$
72
k-$
86
k
Glassdoor Ratings
""
Recommend to a Friend
80%
""
Overall Score
4.1 / 5

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[ The Northeast Employee Benefits Practice has an opening for an Actuarial Analyst (Student) in our Albany, New York City or Little Falls, NJ locations. The successful candidate should have 0-2 years relevant experience with at least one SOA exam success. Our principal values form the foundation of our truly distinctive student program. The Milliman culture provides motivated students with the necessary means to build a successful actuarial career.

About Milliman

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.

About Our Practice

The Health & Welfare team is based in New York City and Little Falls (NJ). This practice focuses solely on full- service employer health consulting including but not limited to HR strategy, vendor management, financial/data analytics, compliance, employee communications, and employee advocacy. Collective bargaining experience as well as knowledge of retiree health plans is preferred. As part of a larger Northeast Employee Benefits practice which has four locations: New York City, Little Falls (NJ), Albany (NY) and Philadelphia. The practice provides a wide range of consulting and administrative services for Employee Benefit plans. You will be joining over 100 fellow employees in a challenging, dynamic work environment and a thriving Employee Benefits practice.

Role

This entry level position provides support and assistance to actuarial consultants. This includes measuring pension liabilities and annual costs, studying the effects of changes in the design of employee benefit plans, and communicating results.

  • reconciling claims data, projecting future costs, claims reserve calculations, pricing plan design changes and supporting postretirement health valuations
  • supporting more senior staff in a wide range of strategic projects


Qualifications

  • BA or BS in Mathematics or related field
  • 0 - 2 years relevant experience with at least one Society of Actuaries exam success (two preferred)
  • actively pursuing SOA exams towards Actuarial certification
  • excellent computer and technical skills
  • strong communication skills
  • ability to handle multiple projects at the same time
  • ability to work on detailed spreadsheets and other business software programs
  • ability to work in a team environment


Compensation

The salary range for this position is $72,000 - $86,000 depending on relevant factors, including but not limited to education, work experience, certifications, location, etc.

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)
  • 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


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) ]
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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.

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