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Intern

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Life

Health

Property & Casualty

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Reporting

Risk

Python

Modelling

Pricing

Valuation

Longevity

Consulting

Excel

Independent for 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.We are a small consulting practice with expertise in a wide range of Life and Annuities assignments such as financial reporting, financial modeling, risk management and mergers &amp; acquisitions.The Actuarial Intern role provides experience to individuals pursuing a career in actuarial science and actively taking SOA exams. On a day-to-day basis, the Actuarial Intern will be expected to work closely with all members of the team to assist with various projects. They will be expected to develop their actuarial skills while displaying professionalism and strong communication skills. Much of the intern’s work will be done in Excel and there will be opportunities to work with Milliman’s actuarial software, Integrate®.Candidates hired into this role will be required to work a hybrid schedule. Three days per week in the Milliman Wakefield Office and two days remote.Responsibilities<ul><li>Valuation Support/Financial Reporting: help clients determine reserves under various accounting regimes</li><li>Actuarial Modeling: utilize Integrate®and other programs to model various life insurance products</li><li>Regulatory Reviews: review of required capital and reserving methods, assumptions and calculations</li><li>Product Development: Assist clients in pricing new products</li></ul>QualificationsRequired<ul><li>Completion of at least one Society of Actuaries (SOA) exam and actively pursuing the SOA exam track</li><li>Strong academic record pursing a degree in actuarial science or another program of study similarly focused on mathematics or quantitative analysis.</li><li>Strong verbal and written communication skills</li><li>Ability to work independently, and in a team environment</li><li>Ability to handle multiple projects and tasks, prioritizing work and meeting deadlines</li><li>Self-motivated individual with a sense of intellectual curiosity and a results-oriented work ethic.</li></ul>Desired<ul><li>One, or more, prior internships, preferably with a focus on learning and applying technical skills</li><li>Proficiency in Excel and VBA. Knowledge of R, SQL, and other programing languages a plus.</li><li>Exposure to life insurance and/or annuity products</li><li>Experience with Integrate®or other actuarial valuation software would be an asset</li></ul>CompensationThe hourly range for this position is $23-39 per hour, depending on a combination of factors, including, but not limited to, education, relevant work experience, qualifications, skills, certifications, location, etc.Benefits<ul><li>When an intern, temporary, or seasonal employee reaches 1,000 hours worked within 12 consecutive months, they become eligible for a 401(k) plan with matching program and profit sharing contribution</li><li>Employee Assistance Program (EAP)</li><li>Paid Time Off (PTO) starts accruing on the first day of work and can be used for any reason.  Interns, Temporary, and Seasonal employees will earn PTO each pay period, with an accrual rate of 1 hour for every 30 hours worked.</li></ul>Equal OpportunityAll qualified applicants will receive consideration for employment, without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.There will not be work sponsorship offered with this position.

The Actuarial Analyst role provides the backbone of analytical support for our projects. On a day-to-day basis, the Actuarial Analyst will be expected to work closely with project team members to execute key analyses for ongoing projects.They will be expected to produce high-quality analytical work while also showing professionalism and strong communication skills when interacting with colleagues and, when applicable, client contacts. Much of the Analyst’s work will be done in Excel, but supplemental programming, statistical, and database skills are highly valued and will open up additional opportunities for impactful client assignments and advancement.In addition, Actuarial Analysts are expected to pursue a credential with the Casualty Actuarial Society (CAS) by taking and passing actuarial examinations, and are provided time and monetary resources to support this pursuit.Professional Qualifications<ul><li>Completed Bachelor’s degree or higher, including quantitative coursework in actuarial science, mathematics, statistics, etc.</li><li>A minimum of one passed actuarial exam, and pursuing a credential from the CAS</li><li>A minimum of one completed internship in or related to the field of actuarial science</li><li>Substantial expertise with MS Excel and Word</li><li>Strong critical thinking, technical, and analytical skills</li><li>Close attention to detail</li></ul>Preferred Qualifications<ul><li>Some experience with computer programming</li><li>Expertise with statistical and modeling tools such as R, @Risk, VBA, Python, SAS, STATA, etc.</li><li>Working knowledge of supplemental database and professional working tools such as Access and PowerPoint</li><li>The ability to work collaboratively and organize various client needs in a fast-paced environment</li><li>Clearly demonstrated leadership and creative thinking abilities</li><li>The ability and willingness to clearly articulate questions and ideas</li><li>Intellectual curiosity about the topics of risk, Milliman, and the work of our practice</li><li>Enthusiasm for the work, shows intense and eager enjoyment in the job’s responsibilities</li><li>Dedication to completing a task with dedication and integrity</li><li>Inspired to perform well by the ability to contribute to the success of a project or organization</li><li>Self-starter</li><li>Entrepreneurial spirit, inspired to drive new ventures within the business</li></ul>About The TeamThe Atlantic Region P&amp;C Milliman practice, with locations in Boston MA, Burlington VT and Atlanta, GA provides property and casualty actuarial consulting services on a range of projects across the insurance, reinsurance, insurance-linked securities (ILS) and alternative-risk markets.We work with a diverse set of clients including self-insured corporations, commercial insurance companies, governmental agencies, risk pools, financial investors and other participants in the ILS space. Using a variety of Milliman products and office-built tools, we look to establish and develop the cutting edge of actuarial practice in each of our professional niches, and provide our clients with trusted partnership and advice to advance the success of their business.The team is a focused and tight-knit group, working together across multiple locations. Team members work on a range of client projects of various sizes, and we employ a highly integrated project structure that encourages interaction across all members of the team, from Analysts to the Principals who serve as client leads. While most of our team’s time is spent working with members of the practice, we also have the chance to participate on certain assignments that are completed in partnership with other Milliman offices, and work with employees from other Milliman P&amp;C practices around the world.We believe that the actuarial skillset has important applications across both our traditional actuarial work and our work in developing market areas, and are committed to developing a pipeline of actuarial talent and future leaders of the firm through exam support and interaction with senior colleagues.BenefitsCandidates hired into this role will be expected to work in the Milliman office in Boston MA, Burlington VT, or Atlanta GA on a regular basis; however, flexible work arrangements will be considered.The salary range for this role is $61,000 to $100,000, depending on a combination of factors, including, but not limited to, education, relevant work experience, qualifications, skills, certifications, location, etc.At Milliman, we focus on creating an environment that recognizes – and meets – the personal and professional needs of the individual and their family. We offer competitive benefits which include the following based on plan eligibility:<ul><li>Medical, dental and vision coverage for employees and their dependents, including domestic partners</li><li>A 401(k) plan with matching program, and profit sharing contribution</li><li>Employee Assistance Program (EAP)</li><li>A discretionary bonus program</li><li>Paid Time Off (PTO) starts accruing on the first day of work and can be used for any reason; full-time employees will accrue 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</li><li>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</li><li>A minimum of 8 paid holidays</li><li>Milliman covers 100% of the premiums for life insurance, AD&amp;D, and both short-term and long-term disability coverage</li><li>Flexible spending accounts allow employees to set aside pre-tax dollars to pay for dependent care, transportation, and applicable medical needs</li></ul>All qualified applicants will receive consideration for employment, without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.About MillimanIndependent for 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.

Independent for 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.The Actuarial Analyst role provides the backbone of analytical support for our projects. On a day-to-day basis, the Actuarial Analyst will be expected to work closely with project team members to execute key analyses for ongoing projects. They will be expected to produce high-quality analytical work while also showing professionalism and strong communication skills when interacting with colleagues and, when applicable, client contacts. Much of the Analyst’s work will be done in Excel, but supplemental programming, statistical, and database skills are highly valued and will open up additional opportunities for impactful client assignments and advancement.In addition, Actuarial Analysts are expected to pursue a credential with the Casualty Actuarial Society (CAS) by taking and passing actuarial examinations, and are provided time and monetary resources to support this pursuit.Professional Qualifications<ul><li>Completed Bachelor’s degree or higher, including quantitative coursework in actuarial science, mathematics, statistics, etc.</li><li>A minimum of one passed actuarial exam, and pursuing a credential from the CAS</li><li>A minimum of one completed internship in or related to the field of actuarial science</li><li>Substantial expertise with MS Excel and Word</li><li>Strong critical thinking, technical, and analytical skills</li><li>Close attention to detail</li></ul>Preferred Qualifications<ul><li>Some experience with computer programming</li><li>Expertise with statistical and modeling tools such as R, @Risk, VBA, Python, SAS, STATA, etc.</li><li>Working knowledge of supplemental database and professional working tools such as Access and PowerPoint</li><li>The ability to work collaboratively and organize various client needs in a fast-paced environment</li><li>Clearly demonstrated leadership and creative thinking abilities</li><li>The ability and willingness to clearly articulate questions and ideas</li><li>Intellectual curiosity about the topics of risk, Milliman, and the work of our practice</li><li>Enthusiasm for the work, shows intense and eager enjoyment in the job’s responsibilities</li><li>Dedication to completing a task with dedication and integrity</li><li>Inspired to perform well by the ability to contribute to the success of a project or organization</li><li>Self-starter</li><li>Entrepreneurial spirit, inspired to drive new ventures within the business</li></ul>The Atlantic Region P&amp;C Milliman practice, with locations in Boston MA, Burlington VT and Atlanta, GA provides property and casualty actuarial consulting services on a range of projects across the insurance, reinsurance, insurance-linked securities (ILS) and alternative-risk markets. We work with a diverse set of clients including self-insured corporations, commercial insurance companies, governmental agencies, risk pools, financial investors and other participants in the ILS space. Using a variety of Milliman products and office-built tools, we look to establish and develop the cutting edge of actuarial practice in each of our professional niches, and provide our clients with trusted partnership and advice to advance the success of their business.The team is a focused and tight-knit group, working together across multiple locations. Team members work on a range of client projects of various sizes, and we employ a highly integrated project structure that encourages interaction across all members of the team, from Analysts to the Principals who serve as client leads. While most of our team’s time is spent working with members of the practice, we also have the chance to participate on certain assignments that are completed in partnership with other Milliman offices, and work with employees from other Milliman P&amp;C practices around the world.We believe that the actuarial skillset has important applications across both our traditional actuarial work and our work in developing market areas, and are committed to developing a pipeline of actuarial talent and future leaders of the firm through exam support and interaction with senior colleagues.Candidates hired into this role will be expected to work in the Milliman office in Boston MA, Burlington VT, or Atlanta GA on a regular basis; however, flexible work arrangements will be considered.BenefitsThe salary range for this role is $61,000 to $94,000, depending on a combination of factors, including, but not limited to, education, relevant work experience, qualifications, skills, certifications, location, etc.At Milliman, we focus on creating an environment that recognizes – and meets – the personal and professional needs of the individual and their family. We offer competitive benefits which include the following based on plan eligibility:<ul><li>Medical, dental and vision coverage for employees and their dependents, including domestic partners</li><li>A 401(k) plan with matching program, and profit sharing contribution</li><li>Employee Assistance Program (EAP)</li><li>A discretionary bonus program</li><li>Paid Time Off (PTO) starts accruing on the first day of work and can be used for any reason; full-time employees will accrue 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</li><li>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</li><li>A minimum of 8 paid holidays</li><li>Milliman covers 100% of the premiums for life insurance, AD&amp;D, and both short-term and long-term disability coverage</li><li>Flexible spending accounts allow employees to set aside pre-tax dollars to pay for dependent care, transportation, and applicable medical needs</li></ul>All qualified applicants will receive consideration for employment, without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

Who We AreMilliman 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.The TeamWithin a project team, consultants, managers, and analysts coordinate their efforts to deliver client reports and deliverables. Consultants are responsible for building relationships with clients, directing projects, and presenting results. Project managers work directly with analysts by reviewing work, answering questions, and developing client correspondence. Analysts are responsible for the majority of the technical work, which may include analyzing data, completing actuarial calculations, developing and utilizing actuarial models, and implementing software solutions.Job Responsibilities<ul><li>Responsible for building relationships with clients, directing projects, and presenting results to the client and answering their questions.</li><li>Develop a successful client base through networking, writing articles, speaking engagements, and other marketing methods.</li><li>Help identify the issues clients are facing and the resources needed to solve problems.</li><li>Plan projects, identify project deliverables, meet deadlines, and ensure compliance with quality procedures.</li></ul>Minimum requirements<ul><li>Bachelor’s or master’s degree in a quantitative field</li><li>Fellow in the Society of Actuaries (FSA)</li><li>9+ years in health actuarial experience at a consulting firm or health insurance company is required</li><li>Thorough understanding of Microsoft Excel and actuarial concepts</li><li>Experience mentoring staff and managing projects</li></ul>Competencies and Behaviors that Support Success in this Role<ul><li>Experience with Medicare Part D plan sponsor, including bid preparation and financial analysis</li><li>Experience interacting with pharmaceutical manufacturers and or pharmacy chains</li><li>Experience with analysis of CMS 100% Research Identifiable Files (RIF)</li><li>Strong time management skills, ability to work independently and with a team, and organizational expertise</li><li>Client focused and results oriented</li><li>Strong communication skills (both verbal and written), and analytical thinking skills to evaluate analyses for communication to clients</li><li>Self-motivated, creative, and resourceful</li><li>National PDP experience</li><li>Expertise in Medicare Part D pharmacy network and rebate contracting analytics and negotiations</li></ul>Salary:For this position, we are offering $140,000 to $230,000 annually, depending on relevant factors, including but not limited to education, work experience, certifications, location, etc.Location: It is preferred that candidates work on-site at our Chicago, IL, Milwaukee, WI, or Hartford, CT office. Remote candidates will be considered.Milliman BenefitsWe offer competitive benefits which include the following based on plan eligibility:<ul><li>Medical, dental and vision coverage for employees and their dependents, including domestic partners</li><li>A 401(k) plan with matching program, and profit sharing contribution</li><li>Employee Assistance Program (EAP)</li><li>A discretionary bonus program</li><li>Paid Time Off (PTO) starts accruing on the first day of work and can be used for any reason; full-time employees will accrue</li><li>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</li><li>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</li><li>A minimum of 8 paid holidays</li><li>Milliman covers 100% of the premiums for life insurance, AD&amp;D, and both short-term and long-term disability coverage</li><li>Flexible spending accounts allow employees to set aside pre-tax dollars to pay for dependent care, transportation, and applicable medical needs</li></ul>All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

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