Pension Consulting Actuary

The Employee Benefits (EB) Consulting Practice offers excellent retirement, health, compensation, and investment consulting services to our clients. Health Consulting Actuaries are an integral part of the overall client management and client relationship function in Milliman’s Employee Benefits Consulting practice. The successful candidate will have at least twenty years of employer health actuarial experience with a minimum of ten years consulting experience, with a strong working knowledge of actuarial concepts, benefits design, delivery, financing, and strategy. They should also have a proven track record at generating business. This full-time, hybrid position will be part of a team supporting the delivery of consulting projects as well as maintaining existing and growing new client relationships. 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. Please visit our web site Social Impact | Milliman | Worldwide 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.What You Will DoIn this role, you will lead Employer Health Benefits engagements, managing complex client projects and relationships while delivering actuarial and strategic guidance on plan design, financials, benefit strategy, and vendor selection/management. ensure rigorous project tracking and peer review; build strong internal partnerships; and contribute to business development and prospect presentations.Lead relationships for select health clients, serve as the Consulting Actuary for all deliverables and manage large, complex client projects.Provide senior level actuarial and consulting support to clients, including plan design, financial analysis and projections, benefit strategy, and vendor selection and management.Manage/oversee the marketing and vendor search process for potentially all lines of coverage, with a focus on medical and pharmacy coverageLeverage expertise and experience to build and strengthen relationships, representing the practice with key customers, prospects, providers, and other market stakeholders.Develop and participate in strategic opportunities for the sale or cross-sell of consulting services to clients and prospects.Follow established Milliman protocol for work quality and comply with peer review standards.What We Are Looking ForWe’re seeking a seasoned Health Consulting Actuary (20+ years) with deep expertise in benefits design, delivery, financing, and strategy. The ideal candidate excels at leadership, client management and relationship building, contributes to the delivery of complex consulting projects, and helps grow new and existing business. This is a full-time, hybrid role within a collaborative team environment, requiring strong communication, analytical, and project management skills.Professional QualificationsAt least ten years of employer health consulting experience in a lead role.Bachelor’s degree.Minimum Designation: ASA, MAAAHealth and life insurance license preferred.Demonstrated success providing health actuarial and consulting services.Proven new business success, successful staff management, and leadership of large, complex client relationship.Experience with coverage for the retiree market, including knowledge of Medicare programs.Thorough understanding of medical and prescription drug coverage.The ability to lead actuarial teams and review and deliver core health actuarial work.Strong knowledge of employer health legal and regulatory frameworkEffective time management skills to prioritize and organize multiple complex projects.Strong skills as a problem solver, including taking initiatives to complete necessary research and document the process used to reach conclusions.Travel (local and regionally) required.The TeamThe EB Consulting practice delivers innovative actuarial and consulting solutions across a diverse range of industries, serving both active employees and retirees. Corporate Pension PlansMultiemployer Pension PlansPublic Pension PlansOther Postretirement Benefit PlansEmployer Health BenefitsCompensation and Benefits SurveysInvestmentsBy collaborating closely with our clients, we help them navigate complex benefit challenges, optimize plan design, and ensure long-term financial security for their participants.Candidates hired in this role must be willing to work in-person in the Milliman office on a weekly basis, but flexible work arrangements will be considered for our hybrid environment.For candidates residing in:Orange County, CA, Walnut Creek, CA, Seattle, WA, New York, NY and Little Falls, NJ the salary range is $184,805 - $365,240Portland, OR the salary range is $160,700 - $317,600A 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. Medical, Dental and Vision - Coverage for employees, dependents, and domestic partners. Employee Assistance Program (EAP) - Confidential support for personal and work-related challenges. Discretionary Bonus Program - Recognizing employee contributions. Flexible Spending Accounts (FSA) - Pre-tax savings for dependent care, transportation, and eligible medical expenses. 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. 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.#CONSU010501Job Category: ActuarialSchedule: Full-Time