Actuary - EB Consulting; Health & Group

Position Overview

The Employee Benefits (EB) Consulting Practice offers retirement, health, compensation, and investment consulting services. Health & Group Benefits Consultants are integral to client management and relationship functions within Milliman’s EB Consulting practice.

• Lead and support Health & Group Benefits engagements, managing complex client projects and relationships while providing actuarial and strategic guidance on plan design, financials, benefit strategy, and vendor selection/management.
• Oversee end‑to‑end marketing and vendor searches across all coverage lines, representing the practice with clients and partners.
• Identify cross‑sell opportunities, ensure rigorous project tracking and peer review, build strong internal partnerships, and contribute to business development and prospect presentations.
• Support Health & Group Benefit Consulting Actuaries and manage large, complex client projects and relationships for select clients.
• Provide actuarial and consulting support to clients, including plan design, financial analysis, projections, benefit strategy, and vendor selection and management.
• Manage the marketing and vendor search process for all lines of coverage including medical, PBM, dental, life/AD&D, disability, vision, and reinsurance coverage.
• Leverage expertise and experience to build and strengthen relationships, representing the Practice with key customers, prospects, providers, and other market stakeholders.
• Participate in strategic opportunities for the sale or cross‑sell of consulting services to clients and prospects.
• Follow established Milliman protocol for tracking activity, project results, and compliance with peer review standards.
• Establish and maintain strong working relationships with appropriate consultants within the Milliman group of practices.
• Participate in developing and making marketing presentations to new prospects.

• At least ten years of Health & Welfare actuarial and consulting experience, with health and life insurance license.
• Bachelor’s degree in actuarial science, mathematics, economics, statistics, or a related field.
• Minimum designation: ASA, MAAA.
• Demonstrated success providing Health & Welfare actuarial and consulting services.
• Current and relevant knowledge of legislation, market trends, and issues affecting the Health & Welfare market.
• Experience with coverage for the retiree market, including knowledge of Medicare programs.
• Understanding of the marketing / vendor search process and the ability to manage the total process.
• Thorough understanding of medical, dental, life/AD&D, disability, vision, etc. coverage.
• Thorough understanding of self‑insurance and stop‑loss coverage concepts.
• Strong communication skills (written and verbal) with an ability to present and manage presentations covering complex topics.
• Strong knowledge of Health & Welfare legal and regulatory framework.
• Effective time management skills to prioritize and organize multiple complex projects.
• Strong problem‑solving skills, including taking initiatives to complete necessary research and document the process used to reach conclusions.
• Able to work with time‑sensitive material and meet multiple deadlines.
• Able to work independently while also contributing to a team environment.

This position is based in Albany, NY, New York City, NY or Little Falls, NJ. Candidates hired in this role must be willing to work in‑person in a Milliman office on a weekly basis; flexible work arrangements will be considered for our hybrid environment.

• New Jersey and New York City: $115,460 – $208,380.
• Albany, NY: $100,400 – $181,200.

• 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 – Recognition of 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…