Life Sciences Consulting Actuary

Milliman's Tampa Health Practice is looking for a highly technical and strategic actuarial professional (attainment of Associateship of the Society of Actuaries or higher) with 7+ years of experience to join our Health Practice. This role focuses on the intersection between the US Health Insurance and Pharmaceutical industries. You will advise top-tier clients (pharmaceutical/device manufacturers, health plans, and PBMs) on market access, drug pricing, contracting, formulary modeling, claims-based analyses, and other actuarial topics.

What You Will Do

Key Responsibilities

• Pharmacy Economic Modeling: Lead the modeling to evaluate drug pricing and contracting strategies.
• Claims Analytics: Design and implement research studies using Milliman’s large claim databases to explore client business questions, such as tracking utilization, patient cost sharing, total cost of care, and following patient journeys.
• Client and Project Management: Manage client communications, delegate tasks to analysts, and coordinate project work to meet client deadlines. Contribute to proposal development and new business development.
• Strategic Advisory: Act as the primary subject matter expert (SME) for clients, translating complex pharmacy data into actionable business strategies and regulatory filings. Stay educated on emerging trends and regulatory changes that impact our clients.

What We Are Looking For

Required Qualifications

• Credentials: Associate of the Society of Actuaries (ASA) or higher, and Member of the American Academy of Actuaries (MAAA) in good standing.
• Experience: 7+ years of health actuarial experience, with at least 4 years focused specifically on pharmacy benefits, drug pricing, or PBM economics.

Technical Skills & Programming

• Claims data: Experience working with medical and pharmacy data. Technical knowledge of Excel and SQL preferred.
• Modeling: Experience building and using actuarial models.
• AI: Exposure to AI support tools such as Visual Studio Code or Microsoft Copilot.

Individual(s) must be legally authorized to work in the United States without the need for immigration support or sponsorship from Milliman now or in the future.

The Team

Milliman’s Tampa Health Practice serves a wide variety of organizations, including health insurance companies, PBMs, pharmaceutical and device manufacturers, healthcare providers, and employers. The staff consists of actuarial professionals in addition to healthcare consultants, administrative, and other non-actuarial staff.

Location

The expected application deadline for this job is December 31, 2026

This role is based out of the Milliman office in Tampa, Florida, but a remote work arrangement may be considered.

Compensation

The overall range for this role is $147,400 - $279,680.

For candidates residing in:

• Alaska, California, Connecticut, Illinois, Maryland, Massachusetts, New Jersey, New York City, Pennsylvania, Virginia, Washington, or the District of Columbia the range is $169,510 - $279,680.
• All other locations the range is $147,400 - $243,200.

A combination of factors will be considered, including, but not limited to, education, relevant work experience, qualifications, skills, certifications, etc.

Benefits

We offer a comprehensive benefits package designed to support employees’ health, financial security, and well-being. Benefits include:

• Medical, Dental and Vision – Coverage for employees, dependents, and domestic partners.
• Employee Assistance Program (EAP) – Confidential support for personal and work-related challenges.
• 401(k) Plan – Includes a company matching program and profit-sharing contributions.
• Discretionary Bonus Program – Recognizing employee contributions.
• Flexible Spending Accounts (FSA) – Pre-tax savings for dependent care, transportation, and eligible medical expenses.
• Paid Time Off (PTO) – Begins accruing on the first day of work. Full-time employees accrue 15 days per year, and employees working less than full-time accrue PTO on a prorated basis.
• Holidays – A minimum of 10 paid holidays per year.
• Family Building Benefits – Includes adoption and fertility assistance.
• Paid Parental Leave – 11 weeks of paid leave for employees who meet eligibility criteria.
• Life Insurance & AD&D – 100% of premiums covered by Milliman.
• Short-Term and Long-Term Disability – Fully paid by Milliman.

Equal Opportunity

All qualified applicants will receive consideration for employment, without regard to race, color, religion, sex, sexual orientation, national origin, disability, or status as a protected veteran.

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