Associate Actuary Jobs

Milliman’s Seattle Health Practice serves a wide variety of organizations, including insurance companies, health plans, state and federal agencies, healthcare providers, reinsurance companies, and employers. The staff consists of 150+ actuarial professionals in addition to Healthcare Management Consultants, IT, Administrative, and other non-actuarial staff.

By joining Milliman, you be working with some of the most experienced, most capable people in the health industry. Through our mentor program, you will have a dedicated colleague available to help guide your career growth. For the right candidate, these opportunities will help you grow professionally while enjoying the work you do.

You will have the opportunity to:

• Supervising actuarial students in the completion of technical aspects of actuarial projects
• Managing project through completion within an expected budget
• Performing analysis of healthcare data
• Writing reports that explain technical concepts clearly to a non-technical audience

Employees will be expected to develop the ability to manage client relationships. While not required, candidates that learn to successfully generate new business with both new and existing clients are likely to experience the greatest career growth.

To be successful in this role, you will have the following qualifications:

Professional Qualifications:

• ASA designation
• Some knowledge of SAS, SQL, or R
• Medicare Advantage, especially bid development and understanding of revenue mechanisms (e.g., risk scores, star ratings)
• ACA pricing/rate filing
• Medicaid rate-setting
• Employer stop-loss and/or reinsurance pricing
• Bachelor’s degree in mathematics, statistics, economics, or a related field
• Proficiency with Excel
• Four or more years of healthcare actuarial experience. Meaningful experience in one or more of the following areas would be considered a “plus”:
  • Medicaid rate-setting
  • Reserving and year-end statutory financials (“blue” and “orange” blanks)
  • ACA pricing/rate filing
  • Medicare Advantage, especially bid development and understanding of revenue mechanisms (e.g., risk scores, star ratings)
  • Value-based provider contracting
  • Employer stop-loss and/or reinsurance pricing
• Reserving and year-end statutory financials (“blue” and “orange” blanks)
• Demonstrable skills in presenting technical concepts to a non-technical audience in an understandable way
• Value-based provider contracting
• Strong understanding of the US healthcare system

Personal qualifications:

• Ability to work both independently and in team environments
• Entrepreneurial spirit
• Excellent communication both verbal and written
• Proven ability to work in a fast-paced environment where client satisfaction is key

Location

This position is based out of the Milliman office in Seattle, WA. It is preferred that this employee work in-office, but they can work remotely anywhere in the US.

Compensation

The salary range is $90,000 to $160,000, depending on relevant factors, including but not limited to education, work experience, qualifications, skills, certifications, location, etc.

To be considered for this position, please upload a resume and cover letter.

No recruiters, please.

Milliman Benefits

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

• 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
• Flexible spending accounts allow employees to set aside pre-tax dollars to pay for dependent care, transportation, and applicable medical needs
• A discretionary bonus program
• Employee Assistance Program (EAP)
• A 401(k) plan with matching program, and profit sharing contribution
• Paid Time Off (PTO) starts accruing on the first day of work and can be used for any reason; full-time employees will accrue
• Milliman covers 100% of the premiums for life insurance, AD&D, and both short-term and long-term disability coverage
• A minimum of 8 paid holidays
• Medical, dental and vision coverage for employees and their dependents, including domestic partners
• 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

Who We Are

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.

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