Actuarial Analyst - Chicago-Milwaukee Health
Brookfield, WI  / Chicago, IL 
Posted 1 month ago
Job Description

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.


Analysts (referred to as Professional Staff) perform data analysis using Excel, SAS, and proprietary Milliman programs to assist with consulting for various health insurance work areas, such as Medicare, Commercial / ACA, Medicaid, Long Term Care, Pharmacy, Provider, and more. Such consulting activities include Pricing, Reserving, Financial Projections, and Mergers and Acquisitions. Professional staff are also responsible for reviewing the work of others, assisting with research and product development, and progressing with actuarial exams.

Experienced Analysts who serve in a Project Manager (PM) role are responsible for doing some technical work while delegating the majority of that work to Professional Staff to help meet client needs. PMs are expected to teach and train Professional Staff who are working on the projects for which the PM is responsible. PMs typically work on five to seven projects simultaneously and are expected to add insight into the technical direction of a project, check the initial reasonableness of the solution and create client communications for review by Consultants. Client interaction generally includes data collection, project updates, and answering basic technical questions.

Within a project team, Consultants, Project Managers, and Professional Staff coordinate their efforts to deliver client reports and deliverables. Consultants are responsible for building relationships with clients, directing projects, and presenting results. Project Managers work directly with Professional Staff by reviewing work, answering questions, and developing client correspondence. Professional Staff are 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.

NOTE: This Actuarial Analyst position is for non-credentialed actuarial candidates who are actively pursuing exams. Whether you are considered for a Professional Staff or Project Manager role is determined through the interview process and is commensurate with experience.


Thorough understanding of Microsoft Excel and actuarial concepts
Experience working with SAS or VBA is advantageous
Experience with Medicare Advantage programs, Medicaid programs, commercial individual/group insurance, pharmacy, or provider risk-taking programs strongly preferred
For project managers, experience mentoring staff and managing projects is ideal


GPA of at least 3.2 or 2 years of full-time actuarial experience.
Bachelor’s or Master’s degree in a quantitative field
At least two actuarial exams passed


Strong communication skills (both verbal and written)
Ability to help identify client issues and resources needed to solve problems
Analytical thinking skills to evaluate analyses for communication to clients
Ability to help plan and organize work for projects
Ability to teach and check work of less experienced actuarial staff
Can complete project deliverables, meet deadlines, and ensure compliance with quality procedures
Strong time management skills
Ability to work independently and within a team
Client focused and results oriented
Organizational expertise and flexibility
Ambition and excitement for professional development within the actuarial field

Watch the video below for additional insight into life as an Analyst at Milliman!

Application: Candidates who upload a resume and cover letter will be given first consideration.

Salary: The salary for this position is commensurate with experience, exams passed, and skills. Analysts participate in a bonus program that provides compensation based on exceeding predefined billable work hours.

Location: This position is for the Chicago-Milwaukee (combined) Health Practice. Employees have the option to work out of the Chicago or Milwaukee office. All aspects of this position are identical between both locations (types of projects, organizational structure, exam program, bonus program, etc.). Our office locations work together as one team with the only difference being physical location.

Sponsorship: Applicants must be presently authorized to work in the United States on a full-time basis. The Chicago-Milwaukee Health Practice does not sponsor individuals for the purpose of obtaining or maintaining H-1B, O-1, TN, or other nonimmigrant work authorizing status for this position.

Equal Opportunity Employer/Protected Veterans/Individuals with DisabilitiesThe contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)
Milliman is an equal opportunity employer

Our company, with the full support of our Chief Executive Officer, is fully committed to the maximum utilization of all human resources and the goals of Equal Employment Opportunity and Affirmative Action. We recruit, hire, train, and promote, and consider qualified applicants for employment, in all job titles without regard to age, ancestry, citizenship status, color, creed, familial status, genetic information, marital status, national origin, political ideology, race, religion, sex, sexual orientation, gender identity, status as an individual with a disability, or veteran status, including qualified disabled veterans, Armed Forces service medal veterans, recently separated veterans, and active duty wartime or campaign badge veterans; and shall not discriminate against any individual, or any other characteristic protected by law.

Reasonable Accommodation Notice

Federal law requires employers to provide reasonable accommodation to qualified individuals with disabilities. Please tell us if you require a reasonable accommodation to apply for a job or to perform your job. Examples of reasonable accommodation include making a change to the application process or work procedures, providing documents in an alternate format, using a sign language interpreter, or using specialized equipment.


Job Summary
Start Date
As soon as possible
Employment Term and Type
Regular, Full Time
Required Education
Bachelor's Degree
Required Experience
2 to 3 years
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