Actuarial Analyst; CMH Health

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.

• 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
• Responsible for reviewing the work of peers and assisting with research and product development
• Coordinate with Consultants, Managers, Professional Staff, and Interns as a project team to present client reports and deliverables
• 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

• 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 strongly preferred
• Strong communication skills (both verbal and written)
• Analytical thinking skills to evaluate analyses for downstream impact
• Can 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

Milliman 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.

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 overall salary range for this role is $60,300 - $136,160.

• $69,345 - $121,555 if overall experience is less than 2 years; and
• $77,740 - $136,160 for experience greater than 2 years.

• $60,300 - $105,700 if overall experience is less than 2 years; and
• $67,600 - $118,400 for experience greater than 2 years.

A combination of factors will be considered, including, but not limited to, education, relevant work experience, qualifications, skills, certifications, etc.

It is preferred that candidates work on-site at our Brookfield, WI, Chicago, IL, or Hartford, CT office; however, remote candidates will 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.…