Actuarial Analyst; CMH Health

Actuarial Analyst (CMH Health) –
Milliman

Individuals 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 seeks Actuarial Analysts to join a vibrant, dynamic, and growing practice. Analysts will work across various healthcare segments, collaborating with leading experts in the field.

• Perform 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 acquisitions
• Review the work of peers and assist with research and product development
• Coordinate with Consultants, Managers, Professional Staff, and Interns as a project team to present client reports and deliverables
• Execute the majority of the technical work, which may include analyzing data, completing actuarial calculations, developing and utilizing actuarial models, and implementing software solutions

• Bachelor’s or master’s degree in actuarial science, mathematics, economics, finance, accounting, or another major with quantitative coursework
• At least two actuarial exams passed
• 1‑4 years of actuarial work experience (current or previous experience with Medicare Advantage is a plus)
• Thorough understanding of Microsoft Excel and actuarial concepts

• Ambition and excitement for professional development within the actuarial field
• Experience working with SAS, VBA, or other coding languages is advantageous
• Experience with Medicare Advantage and Part D programs, Medicaid programs, commercial individual/group insurance, employer health benefits, pharmacy, or provider risk‑taking programs is strongly preferred
• Strong communication skills (both verbal and written)
• Analytical thinking skills to evaluate analyses for downstream impact
• Ability to complete project deliverables, meet deadlines, and ensure compliance with quality procedures
• Strong time management skills
• Ability to work independently and in a team environment
• Client‑focused and results‑oriented
• Demonstrates integrity in all functions of work

The overall salary range for this role is $60,300 - $136,160. For candidates residing in Alaska, California, Connecticut, Illinois, Maryland, Massachusetts, New Jersey, New York City, Newark, San Jose, San Francisco, Pennsylvania, Virginia, Washington, or the District of Columbia: $69,345 - $121,555 if overall experience is less than 2 years; and $77,740 - $136,160 for experience greater than 2 years. All other states: $60,300 - $105,700 if overall experience is less than 2 years;

and $67,600 - $118,400 for experience greater than 2 years.

Preferred onsite at our Brookfield, WI;
Chicago, IL; or Hartford, CT office. Remote candidates will also be considered.

The expected Final date to receive applications for this job is May 25, 2026.

• 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 12 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.

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.