Actuarial Analyst (CMH Health)

Exciting Full-Time opportunities!

Join our CMH Health Practice!

Milliman's CMH Health Practice is looking for Actuarial Analysts to join their vibrant, dynamic, and growing practice. Actuarial Analysts (referred to as Professional Staff) will have the opportunity to work in a wide variety of areas within the healthcare industry, while working alongside some of the leading experts in the field.

Who We Are

Independent for more than 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, healthcare financing, risk management, regulatory compliance, data analytics, and business transformation.

Job Responsibilities

• Perform data analysis using Excel, SAS, and proprietary Milliman programs to assist with consulting for various healthcare segments (Medicare Advantage and Part D, Commercial / ACA, Medicaid, Long Term Care, Pharmacy, Provider, and more)
• Participate in consulting activities to include pricing, reserving, financial projections, model development, forecasting, and mergers and acquisitions
• Responsible for reviewing the work of peers and assisting with research and product development
• Coordinate with Consultants, Managers, Professional Staff, and Interns as a project team to present client reports and deliverables
• Responsible for the majority of the technical work, which may include analyzing data, completing actuarial calculations, developing and utilizing actuarial models, and implementing software solutions

Minimum requirements

• Bachelor's or master's degree in actuarial science, mathematics, economics, finance, accounting, or another major with quantitative course work
• At least two actuarial exams passed
• Thorough understanding of Microsoft Excel and actuarial concepts

Competencies and Behaviors that Support Success in this Role

• Good academic standing (3.2 grade point average or above is preferred)
• Previous internship or relevant work experience
• Leadership experience and involvement in extra-curricular activities
• Experience working with SAS, VBA, or other coding languages is advantageous
• Experience with Medicare Advantage and Part D programs, Medicaid programs, commercial individual / group insurance, employer health benefits, pharmacy, or provider risk-taking programs strongly preferred
• Strong communication skills (both verbal and written)
• Analytical thinking skills to evaluate analyses for downstream impact
• Can complete project deliverables, meet deadlines, and ensure compliance with quality procedures
• Strong time management skills
• Ability to work independently and in a team environment
• Client focused and results oriented
• Ambition and excitement for professional development within the actuarial field
• Demonstrates integrity in all functions of work

The Team

Milliman is one of the leading experts in healthcare financing and delivery. We advise clients on a wide range of issues-from assessing the impact of healthcare reform on organizations or populations to streamlining operations while advancing the quality of patient care.

Our consulting work is supported by a powerful toolkit of data analytics solutions and informed by the most trusted, comprehensive set of cost guidelines in the industry.

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.

Salary : The salary range is $56,000 to $131,000, depending on a combination of factors, including but not limited to education, relevant work experience, qualifications, skills, certifications, location, etc.

If overall experience is less than 2 years the range would be $56,000 to $117,000; for experience of greater than 2 years, the range would be $63,000 to $131,000.

Location : It is preferred that candidates work on-site at our Brookfield, WI, Chicago, IL, or Hartford, CT office, however, remote candidates will be considered.

For new Analysts working at CMH Health for less than a year there is an expectation to work in the office at least three days per week at our Milwaukee, WI, Chicago, IL, or Hartford, CT office.

This is not a hard rule and can be discussed on a case-by-case basis.

Benefits to working onsite : At CMH Health we value the growth and development of our Analysts. Working on-site during your first year provides you with many benefits, to include mentorship from experienced actuaries, hands on training and development, face-to-face collaboration, communication, and engagement with your team and supervisor, along with experiencing our practice culture.

These experiences will provide you with a great start in your career with Milliman.

Application : To be considered for this role, please upload an updated resume in PDF format.

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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

The expected application deadline for this job is January 15, 2025.

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)

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)