Actuarial Analyst (CMH Health
Listed on 2026-08-22
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Finance & Banking
Financial Analyst, Actuary, Risk Manager/Analyst
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.
Milliman’sCMH Health Practice islooking for Actuarial Analysts tojoin their vibrant, dynamic, and growing practice. Actuarial Analysts (referred to as Professional Staff) will have the opportunity to work in a wide variety of areas within the healthcare industry, while working alongside some of the leading experts in the field.
Who We AreIndependent for more than 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, healthcare financing, risk management, regulatory compliance, data analytics, and business transformation.
Job Responsibilities- 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 ormaster’sdegree in actuarial science, mathematics, economics, finance, accounting, or another major with quantitative course work
- At least two actuarial exams passed
- 0-4 years of actuarial or related work experience – it is preferred candidates have prior relevant experience through internships, academic projects, or employment
- Thorough understanding of Microsoft Excel and actuarial concepts
- Must be able to work onsite at least three days (60% of the time) per week at one of our three CMH Health office locations (Chicago, Illinois, Milwaukee, Wisconsin, or Hartford, Connecticut)
Actuarial Analysts (Professional Staff) working for CMH Health for less than 18 months are required to work in one of our three office locations at least three days (60% of the time) per week.
Competencies and Behaviors that Support Success in this Role- Ambition and excitement for professional development within the actuarial field
- Good academic standing (3.2 grade point average or above is preferred)
- Previous internship or relevant work experience
- Leadership experience and involvement in extra-curricular activities
- Experience working with SAS,VBA, or other coding language sis 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 andin 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…
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