Actuarial Analyst - EB Consulting; Health & Group

Individual(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.

The Employee Benefits (EB) Consulting Practice offers excellent retirement, health, compensation, and investment consulting services to our clients. We are seeking an analytical and detail-oriented Actuarial Analyst to support health & welfare employee and retiree benefits programs. The ideal candidate will have strong Excel skills, a foundation in data analysis, and an interest in benefits consulting. You will prepare deliverables, assist with financial analyses, and ensure compliance with regulations while collaborating with internal teams.

If you are proactive, organized, and eager to grow in the benefits field.

Independent 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 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.

This entry level position provides support and assistance to actuarial and benefits consultants. Supporting the design and delivery of health & welfare employee benefits programs by performing data analysis, preparing key deliverables, and assisting with financial reviews. You will be expected to perform this work through collaboration with internal teams while maintaining efficient and organized workflows. This job includes:

• Reconciling claims data, preparing budget projections, calculating claims reserves, pricing plan design changes, analyzing vendor renewals, and preparing experience reports.
• Calculating employer/employee contribution rates, retiree rates, COBRA rates, and imputed income rates.
• Performing postretirement health valuations, including the development of claim cost and health cost trend assumptions, projection of liabilities and calculation and reporting of financial statement information.
• Evaluating vendors via renewals, RFPs, and market checks; conducting financial and ad‑hoc analyses.
• Collaborating with internal teams and other Milliman groups.
• Ensuring quality, timeliness, and budget adherence; following processes, initiating peer review, and maintaining document/email retention.

We are looking for a motivated and detail-oriented professional with strong analytical skills and proficiency in Excel. The ideal candidate communicates effectively, works well in teams, manages multiple tasks efficiently, and is eager to learn and stay current with industry trends. Integrity, initiative, and commitment to high-quality confidential work are essential.

• A motivated self-starter with a strong analytical mindset and attention to detail.
• Demonstrated…