Actuarial Analyst

Actuarial AnalystIndividual(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.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.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 ResponsibilitiesPerform 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 acquisitionsResponsible for reviewing the work of peers and assisting with research and product developmentCoordinate with Consultants, Managers, Professional Staff, and Interns as a project team to present client reports and deliverablesResponsible for the majority of the technical work, which may include analyzing data, completing actuarial calculations, developing and utilizing actuarial models, and implementing software solutionsMinimum requirementsBachelor's or master's degree in actuarial science, mathematics, economics, finance, accounting, or another major with quantitative course workAt least two actuarial exams passed0-4 years of actuarial or related work experience – it is preferred candidates have prior relevant experience through internships, academic projects, or employmentThorough understanding of Microsoft Excel and actuarial conceptsMust be able to work onsite at least three days (60% of the time) per week at one of our three CMH Health office locations (Chicago, Illinois, Milwaukee, Wisconsin, or Hartford, Connecticut)Actuarial Analysts (Professional Staff) working for CMH Health for less than 18 months are required to work in one of our three office locations at least three days (60% of the time) per week.Competencies and behaviors that support success in this roleAmbition and excitement for professional development within the actuarial fieldGood academic standing (3.2 grade point average or above is preferred)Previous internship or relevant work experienceLeadership experience and involvement in extra-curricular activitiesExperience working with SAS, VBA, or other coding languages is advantageousExperience with Medicare Advantage and Part D programs, Medicaid programs, commercial individual/group insurance, employer health benefits, pharmacy, or provider risk-taking programs strongly preferredStrong communication skills (both verbal and written)Analytical thinking skills to evaluate analyses for downstream impactCan complete project deliverables, meet deadlines, and ensure compliance with quality proceduresStrong time management skillsAbility to work independently and in a team environmentClient-focused and results-orientedDemonstrates integrity in all functions of workThe TeamMilliman 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.Location: Candidates must be able to work onsite at least 60% of the time at any one of our three CMH Health office locations (Chicago, IL, Milwaukee, WI, or Hartford, CT). The expected application deadline for this job is January 17, 2027.Compensation: The overall salary range for this role is $60,300 - $136,160. For candidates residing in:Connecticut and Illinois:$69,345 - $121,555 if overall experience is less than 2 years; and$77,740 - $136,160 for experience greater than 2 yearsWisconsin:$60,300 - $105,700 if overall experience is less than 2 years; and$67,600 - $118,400 for experience greater than 2 yearsA combination of factors will be considered, including, but not limited to, education, relevant work experience, qualifications, skills, certifications, etc.Benefits to working onsite: At CMH Health we value the growth and development of our Analysts. Working on-site during your first 18 months 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.BenefitsMedical, 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 observed holidays per year.Family Building Benefits – Includes adoption and fertility assistance.Paid Parental Leave – Up to 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 OpportunityAll 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.