Associate Actuary - Atlantic Region P&C (remote)

Milliman, Inc; Region of Queens Municipality; Remote; USD 92,000 - 213,000; Full time

Job summary

An established industry player is seeking an Associate Actuary to lead complex projects in actuarial consulting. This remote role offers the opportunity to work on diverse client projects, utilizing strong analytical and technical skills. The ideal candidate will have a solid foundation in actuarial science and be passionate about solving complex business problems. With a commitment to professional development and a supportive team environment, this position is perfect for those looking to advance their careers while making a meaningful impact in the field of risk management and actuarial practice.

Benefits

Medical, Dental and Vision Coverage

Employee Assistance Program

401(k) Plan with Matching

Discretionary Bonus Program

Flexible Spending Accounts

Paid Time Off (PTO)

Paid Parental Leave

Life Insurance & AD&D

Short-Term and Long-Term Disability

Family Building Benefits

Qualifications

• 5+ years of experience in actuarial work related to pricing and reserving.
• Strong expertise in Excel and statistical modeling tools.

Responsibilities

• Lead complex projects contributing to practice and client strategy.
• Produce high-quality analytical work and collaborate with junior staff.

Skills

Critical Thinking

Technical Skills

Analytical Skills

Data Manipulation

Communication Skills

Education

Bachelor's Degree in Actuarial Science or related field

Associate Credential from the Casualty Actuarial Society (ACAS)

Tools

MS Excel

MS Word

Statistical Tools (R, Python, SAS)

Job description

Description

Who We Are

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 to learn more about Milliman's commitments to our people, diversity and inclusion, social impact and sustainability: https://www.milliman.com/en/socialimpact

The Atlantic Region Property and Casualty (P&C) practice, with locations in Boston MA, Burlington VT, and Atlanta GA, provides actuarial consulting services on a range of projects across the insurance, reinsurance, insurance-linked securities (ILS) and alternative-risk markets. We work with a diverse set of clients including self-insured corporations, commercial insurance companies, governmental agencies, risk pools, and financial investors. Using a variety of Milliman products and practice-built tools, we look to establish and develop the cutting edge of actuarial practice in each of our professional niches, and provide our clients with trusted partnership and advice to advance the financial well-being of people everywhere.

The team is a focused and tight-knit group, working together across multiple locations. Team members work on a range of client projects of various sizes, and we employ a highly integrated project structure that encourages interaction across all members of the team, from Analysts to the Principals who serve as client leads. While most of our team's time is spent working with members of the practice, we also have assignments that are completed in partnership with other Milliman offices around the world.

We believe that the actuarial skillset has important applications across both our traditional actuarial work and our work in developing market areas, and are committed to developing a pipeline of actuarial talent and future leaders of the firm through exam support and interaction with senior colleagues.

What You Will Do

On a day-to-day basis, the Associate Actuary will lead complex projects that contribute to practice and client strategy. Working autonomously and with project team members, they will be expected to produce high-quality analytical work and delegate some tasks to junior staff. Much of this person's work will involve complex data manipulation and summarization in Excel, but supplemental programming, statistical, and database skills are highly valued and will open up additional opportunities for impactful client assignments and advancement. Expertise in capital structures, capital modeling, and enterprise risk management (ERM) are particularly relevant to this position.

Our ideal Associate Actuary enjoys thinking critically to solve a client's business problems; demonstrates professionalism and strong communication skills in all internal and external interaction; pairs their strong technical skills with creativity; and possesses a strong work ethic and intrinsic motivation, especially when working remotely.

Actuaries in this practice are expected to pursue credentials with the Casualty Actuarial Society (CAS) by taking and passing actuarial examinations, and are provided time and monetary resources to support this pursuit.

What We Are Looking For

Professional Qualifications

• Associate credential from the Casualty Actuarial Society (ACAS), at the time of application


• A minimum of five years of professional actuarial fulltime work experience in pricing, reserving, capital modeling, enterprise risk management, and or reinsurance-related actuarial topics for North American and/or European companies


• Completed Bachelor's degree or higher at the time of application, including quantitative coursework in actuarial science, mathematics, statistics, etc.


• Substantial expertise with MS Excel and Word

Personal Qualifications

• Strong critical thinking, technical, and analytical skills


• Close attention to detail


• The ability to work collaboratively and organize various client needs in a fast-paced environment


• The ability and willingness to clearly articulate questions and ideas


• Clearly demonstrated leadership and creative thinking abilities


• Intellectual curiosity about the topics of risk, Milliman, and the work of our practice


• Enthusiasm for producing high-quality, professional work with accuracy and integrity


• Inspired to contribute to the success of a project and succeed as a team


• Self-starter, with excellent time management skills including collaboration across time zones

Preferred Qualifications

• Expertise in building, updating, and maintaining capital models and/or other ERM-related actuarial tools and processes


• Expertise with statistical and modeling tools such as R, @Risk, VBA, Python, SAS, STATA, etc.


• Working knowledge of supplemental database and professional working tools such as Access and PowerPoint

Location

This is a remote position, based out of the Milliman office in Boston MA. Candidates hired into this role may work remotely anywhere in the U.S.

The expected application deadline for this job is May 15, 2025.

Compensation

The overall salary range for this role is $92,200 - $212,640. A combination of factors will be considered, including, but not limited to: education (including actuarial exams and credentials), relevant work experience, qualifications, skills, certifications, etc.

For candidates residing in:

• Alaska, California, Connecticut, Illinois, Maryland, Massachusetts, New Jersey, Pennsylvania, Virginia, Washington, or the District of Columbia:
  
  
  
  • $101,420 - $172,480 if overall experience is less than 10 years; and
  
  
  • $114,620 - $194,920 for experience greater than 10 years
  
  
  
  

• New York City, Newark, San Jose, or San Francisco:
  
  
  
  • $110,640 - $188,160 if overall experience is less than 10 years; and
  
  
  • $125,040 - $212,640 for experience greater than 10 years
  
  
  
  


• All other states:
  
  
  
  • $92,200 - $156,800 if overall experience is less than 10 years; and
  
  
  • $104,200 - $177,200 for experience greater than 10 years.
  
  
  
  

Milliman Benefits

We offer a comprehensive benefits package designed to support employees' health, financial security, and well-being. Benefits include:

• 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. Full-time employees accrue 15 days per year, and employees working less than full-time accrue PTO on a prorated basis.


• Holidays - A minimum of 10 paid holidays per year.


• Family Building Benefits - Includes adoption and fertility assistance.


• Paid Parental Leave - Up to 12 weeks of paid leave for employees who meet eligibility criteria.


• Life Insurance & AD&D - 100% of premiums covered by Milliman.


• Short-Term and Long-Term Disability - Fully paid by Milliman.

Equal Opportunity

Milliman is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to sex, race, color, religion, national origin, disability, protected Veteran Status, age, or any other characteristic protected by the law.

#LI-LS1

#LI-Remote

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

This employer is required to notify all applicants of their rights pursuant to federal employment laws.
For further information, please review the Know Your Rights notice from the Department of Labor.