Actuarial Analyst

at Milliman, Inc. in Portland, Maine, United States

Job Description


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.
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.
About Our Practice
The Portland, Maine office of Milliman specializes in disability insurance and group life insurance. Our clients are insurance companies and large employers who need assistance in managing the actuarial and financial aspects of these programs. Typical projects involve designing and pricing insurance benefits, analyzing the cost drivers of existing programs, computing reserves and performing financial projections, and leading vendor selection processes. 
The Department/Team
We are a small and specialized team of consultants, nationally recognized for our expertise in the areas of disability and group life insurance. All of us work closely together and there is constant interaction between junior staff and practice leaders on all of our projects. We strive to achieve a friendly and high-performance work atmosphere with a focus on teaching and learning. The ability to work independently and to be sufficiently flexible to work on multiple projects at once are important qualifications for this position.
You will:
Create spreadsheets for use in analyzing insurance products and the financial performance of insurance companies.
Assist senior actuaries in computing premium rates for insurance products and estimating the liabilities held by insurance companies and employers for future benefit payments.
Work with computer models that produce financial projections for insurance companies and employers.
Review calculations and reports prepared by senior consultants.
Assist in the creating and publication of industry research studies for the disability and group life insurance markets.
Prepare for and pass the actuarial exams offered by the Society of Actuaries. Further information is available at . These exams are offered periodically throughout the year, and Milliman has a formal student program that provides paid time off for exam preparation as well as reimbursement for study materials.
Bachelor's degree or equivalent from a 4-year university.
Outstanding academic record with undergraduate major or significant coursework in mathematics, economics, or related field.
Ability and willingness to pass Society of Actuaries exams.
Strong computer skills, including experience in Microsoft Excel.
Ability to work both collaboratively and independently in a small office of 7-8 professionals.
Ability to manage multiple projects and deadlines.
Willingness and aptitude for detailed work.
An enthusiastic and helpful attitude.
Cover Letter
Completion of one or two actuarial exams is preferred. This is an entry-level position, and we are not looking for candidates with a large number of completed exams but no work experience.
Previous actuarial internship experience is a plus.
Knowledge or training in one or more computer programming languages. SAS, SQL, and/or VBA experience is helpful.
Strong oral and written communication... For full info follow application link.

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.

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Job Posting: 954938

Posted On: Jul 14, 2023

Updated On: Oct 12, 2023

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