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Milliman

Milliman

P&C Actuary, Commercial Software Development

P&C Actuary, Commercial Software Development

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Job Details
""
Uploaded On
June 29, 2023
""
Location
Atlanta, United States
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Remote?
No
Salary
$
105
k-$
175
k
Glassdoor Ratings
""
Recommend to a Friend
80%
""
Overall Score
4.1 / 5

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[ Meet Milliman

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.

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 Property and Casualty Insurance Software (PCIS) business builds industry-leading data analysis applications that are used in loss reserving by the most successful P&C insurance companies across the globe. Our tools make a reserving actuary's job more efficient, freeing up time to really think about the problems at hand.

As an essential software development team member, you will work as a thought leader, subject matter expert, and technical actuary to help design, develop, and support the next generation of loss reserving solutions. This unique position will work closely with other actuarial subject matter experts and senior software engineers to brainstorm, research, design, and develop new capabilities and solutions, leveraging the latest technologies. These are and will continue to be industry leading commercial software solutions that support and enhance the work of actuaries and analysts at progressive insurers around the world.

The individual selected to fil the P&C Actuary, Commercial Software Development position will be empowered to:

  • Work and consult with senior and forward-thinking actuaries at our client companies and our partners (e.g., Microsoft, etc.) to continually drive toward and even invent the future of the actuarial marketplace
  • Work with a team of similarly experienced and motivated development, design, project management, and quality experts on solutions widely regarded as the best in the industry
  • Act as a thought leader in the actuarial and insurance reserving community, and help evangelize the innovative ideas that we develop; help the PCIS sales team convey the value proposition of new solutions to the marketplace
  • Remain abreast of changes and developments in the P&C insurance industry, including potential future trends, concepts, and new requirements
  • Research and document the actuarial business logic needed in next-generation software
  • Code the business logic to be part of our solution using tools such as Python and R
  • Define and coordinate requirements for ongoing and future development of all systems, both existing and new, and document and effectively communicate the requirements to team members; prioritize requirements in coordination with the development professionals and other team management
  • Provide actuarial expertise to developers on a timely basis throughout the development process
  • Aid in the development of user documentation and test plans, and help implement both as necessary
  • Assist with complex support issues and training on our solutions to our clients and prospects
  • Join an innovative, high-growth company with a solid industry track record
  • Work for a company that values your wellbeing and professional growth, offering a flexible work environment, generous benefits package, and investment in the development of your career


Required Qualifications

  • Fellow or Associate of the Casualty Actuarial Society (FCAS or ACAS)
  • 5+ years in an analytical capacity as an actuary, data analyst, financial analyst, underwriting analyst, or similar role(s)
  • Demonstrated experience building actuarial tools and solutions using languages such as Python, R, and/or VBA
  • Expert level experience using modern and advanced reserving and analytical tools and approaches, or demonstrated experience researching in this area
  • Experience with reserving issues in numerous lines of business, both long- and short-tailed
  • Exposure to database and data manipulation (SQL)
  • Proficiency in Microsoft Office products


Required Skills and Competencies

  • Keen analytical and problem-solving skills
  • Ability to work independently and manage own workflow
  • Must be self-motivated and possess strong oral and written communication skills
  • Strong team player with the ability to work productively in a team environment


Wish List

  • Experience building dashboards and reports in data visualization/business intelligence software such as Power BI or Tableau
  • Firm grasp of practical approaches to data science, machine learning, and/or artificial intelligence theory
  • Exposure to cloud-based data analytics tools (e.g., Azure Synapse, Databricks, Azure Machine Learning)
  • Experience with commercial loss reserving software such as Arius, ReservePro, or ResQ
  • Reinsurance 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)
  • 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 will be part of the Milliman Atlanta Property & Casualty group, but candidates hired into this role may work remotely anywhere in the U.S. Candidates living in the Central and Eastern time zones are preferred.

Compensation

The salary range is $105,000 to $175,000, depending on a combination of factors, including but not limited to education, relevant work experience, qualifications, skills, certifications, location, etc. Employees are also eligible for an end of year performance-based bonus.

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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