Actuarial Analyst Jobs

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.

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 Portland, Maine office of Milliman specializes in disability insurance and group life insurance. Our clients are insurance companies and large employers who need assistance in managing the actuarial and financial aspects of these programs. Typical projects involve designing and pricing insurance benefits, analyzing the cost drivers of existing programs, computing reserves and performing financial projections, and leading vendor selection processes.

The Department/Team

We are a small and specialized team of consultants, nationally recognized for our expertise in the areas of disability and group life insurance. All of us work closely together and there is constant interaction between junior staff and practice leaders on all of our projects. We strive to achieve a friendly and high-performance work atmosphere with a focus on teaching and learning. The ability to work independently and to be sufficiently flexible to work on multiple projects at once are important qualifications for this position.

Role

You will:

• Create spreadsheets for use in analyzing insurance products and the financial performance of insurance companies.
• Assist senior actuaries in computing premium rates for insurance products and estimating the liabilities held by insurance companies and employers for future benefit payments.
• Assist in the creating and publication of industry research studies for the disability and group life insurance markets.
• Work with computer models that produce financial projections for insurance companies and employers.
• Review calculations and reports prepared by senior consultants.

Prepare for and pass the actuarial exams offered by the Society of Actuaries. Further information is available at www.soa.org. These exams are offered periodically throughout the year, and Milliman has a formal student program that provides paid time off for exam preparation as well as reimbursement for study materials.

Qualifications

Required:

• Ability to manage multiple projects and deadlines.
• Resume
• Ability and willingness to pass Society of Actuaries exams.
• Ability to work both collaboratively and independently in a small office of 7-8 professionals.
• Bachelor’s degree or equivalent from a 4-year university.
• An enthusiastic and helpful attitude.
• Strong computer skills, including experience in Microsoft Excel.
• Transcript
• Willingness and aptitude for detailed work.
• Outstanding academic record with undergraduate major or significant coursework in mathematics, economics, or related field.
• Cover Letter

Desired:

• Completion of one or two actuarial exams is preferred. This is an entry-level position, and we are not looking for candidates with a large number of completed exams but no work experience.
• Sharp critical thinking skills, sound judgment and decision making ability, and both the ability and willingness to clearly articulate your ideas.
• Strong oral and written communication skills.
• Knowledge or training in one or more computer programming languages. SAS, SQL, and/or VBA experience is helpful.
• Previous actuarial internship experience is a plus.

Benefits

We offer competitive benefits which include the following based on plan eligibility:

• A discretionary bonus program
• A 401(k) plan with matching program, and profit sharing contribution
• Flexible spending accounts allow employees to set aside pre-tax dollars to pay for dependent care, transportation, and applicable medical needs
• 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
• Medical, dental and vision coverage for employees and their dependents, including domestic partners
• 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
• 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

Location

This position will be based out of the Milliman office in Portland, Maine. Applicants must be willing to work onsite in the Milliman office.

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.