Associate Actuary

Milliman's Seattle Health Practice is looking for an Associate Actuary with extensive experience in Medicare Part D. The position requires creative actuarial capabilities, good communication and interpersonal skills, and organizational talents. A high degree of self-motivation and the ability to lead a team of analysts are also necessary for success. We provide extensive on-the-job training in consulting skills and advanced actuarial techniques.About Our PracticeMilliman’s Seattle Health Practice partners with a broad spectrum of organizations, including insurance companies, health plans, government agencies, healthcare providers, reinsurers, Accountable Care Organizations (ACOs), health technology firms, and employers. Our team includes over 180 actuarial professionals, supported by expert consultants, IT specialists, and dedicated operations staff.Join Milliman and collaborate with some of the most accomplished professionals in the health industry. Our mentor program ensures you have a dedicated colleague to guide your career growth, providing the support and resources you need to thrive. For motivated candidates, this is an exceptional opportunity to advance professionally while making a meaningful impact in healthcare.In this role, you will have the opportunity to: Lead Medicare Part D and Medicare Advantage bid pricing and forecastingPresent results to and participate in strategic discussions with clientsProvide strategic guidance to local and regional health plans around evolving impacts of the Inflation Reduction Act and other regulatory and market forcesPerform analysis of healthcare dataWrite reports that explain technical concepts clearly to a non-technical audienceManage projects through completion within an expected budgetSupervise actuarial students in the completion of technical aspects of actuarial projectsEmployees will be expected to develop the ability to manage client relationships. While not required, employees 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 QualificationsBachelor’s degree in mathematics, statistics, economics, or a related fieldASA designation10+ years of healthcare actuarial experience, including:Three or more years of experience with Medicare Part D, including bid developmentExperience with Medicare AdvantageExperience with commercial programs preferred, but not requiredProven ability to communicate technical concepts clearly to non-technical audiencesStrong understanding of the US healthcare systemAdvanced proficiency with ExcelWorking knowledge of SAS, SQL, or RPersonal QualificationsExcellent verbal and written communication skillsAbility to work effectively both independently and collaboratively in a team environmentProven ability to succeed in a fast-paced environment with a strong focus on client satisfactionEntrepreneurial mindset with a proactive, solutions-oriented approachPreferred QualificationsBid CertificationExperience with R and/or PythonExperience with PowerBIIndividual(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.LocationThis position is based out of the Milliman office in Seattle, WA. It is preferred that this employee work in-office, but remote candidates anywhere in the US will be considered. This job posting is expected to close on August 17, 2026.CompensationThe overall range for this role is $100,400 - $208,380. 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 $115,460 - $208,380.All other locations the range is $100,400 - $181,200.A combination of factors will be considered, including, but not limited to, education, relevant work experience, qualifications, skills, certifications, etc.Employees are also eligible for a bonus under our standard bonus policy. Paid bonus is dependent on billable hours worked by and work managed by the employee. Actual bonuses vary widely based on desired and completed workload but often exceed 30% of base salary.BenefitsWe 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 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.Who We AreIndependent 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.Milliman invests in skills training and career development, and gives all employees access to a variety of learning and mentoring opportunities. Our growing number of Milliman Employee Resource Groups (ERG’s) are employee-led communities that influence policy decisions, develop future leaders, and amplify the voices of their constituents. We encourage our employees to give back to their varied professions, including leadership in professional organizations. Please visit our web site () to learn more about Milliman’s commitments to our people, inclusion, and sustainability.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.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.Job SummaryRequisition Number: ASA10010614Job Category: ActuarialSchedule: Full-Time