Actuarial Analyst - Seattle Health

Milliman; Seattle (WA); On-site; USD 80,000 - 136,000; Full time

Benefits offered by this job

Medical, Dental and Vision

401(k) Matching

Discretionary Bonus

PTO 15 days

Holidays 10+

Family Building Benefits

Parental Leave

Life Insurance & AD&D

Short-Term and Long-Term Disability

Job summary

Milliman in Seattle seeks actuarial analysts to develop and apply models for pricing and forecasting in healthcare. You will work with consulting actuaries, gain hands-on training, and advance in a collaborative environment.

Join a team of over 180 actuarial professionals, benefit from mentor programs, and pursue SOA exams toward Fellowship while contributing to healthcare improvements.

Qualifications

• Bachelor's degree in mathematics, statistics, actuarial science, economics, or related field.
• Up to 4 years of healthcare actuarial experience.
• SOA exam passed minimum (1+; 2+ preferred).
• Proficient in Excel; familiarity with SAS, SQL, R, Python, and Power BI is a plus.
• Strong written and verbal communication; ability to network and collaborate.

Responsibilities

• Analyze complex healthcare data and generate insightful reports using advanced spreadsheets and databases.
• Draft clear, professional reports and correspondence for clients and internal teams.
• Review and validate colleagues' work to ensure exceptional quality.
• Contribute to research initiatives and support marketing projects.
• Pursue actuarial exams with goal of Fellowship.

Skills

Strong communication

Interpersonal skills

Organizational skills

Team collaboration

Networking ability

Client-focused

Written & verbal communication

Education

Bachelor's degree in mathematics, statistics, actuarial science, economics, or related field

SOA exam (1+ passed; 2+ preferred)

Tools

Excel

SAS

SQL

R

Python

Power BI

Job description

We are seeking actuarial analysts to join our team, working alongside consulting actuaries to develop and apply actuarial models for pricing, forecasting, and other key purposes. This position offers excellent opportunities for professional development, hands-on experience, and comprehensive training in consulting skills and advanced actuarial techniques—all within a supportive and collaborative environment.

About Our Practice

Milliman's Seattle Health Practice partners with a broad spectrum of organizations, including insurance companies, health plans, government agencies, healthcare providers, reinsurers, Accountable Care Organizations (ACOs), health technology firms, and employers. Our team includes over 180 actuarial professionals, supported by expert consultants, IT specialists, and dedicated operations staff.

Join Milliman and collaborate with some of the most accomplished professionals in the health industry. Our mentor program ensures you have a dedicated colleague to guide your career growth, providing the support and resources you need to thrive. For motivated candidates, this is an exceptional opportunity to advance professionally while making a meaningful impact in healthcare.

In This Role, You Will Have The Opportunity To

• Analyze complex healthcare data and generate insightful reports using advanced spreadsheets and databases
• Draft clear, professional reports and correspondence for clients and internal teams
• Ensure exceptional quality by reviewing and validating the work of colleagues
• Contribute to research initiatives and support marketing projects that drive business growth
• Demonstrate your ambition by actively pursuing actuarial exams with the goal of achieving Fellowship

To be successful in this role, you will have the following qualifications:

Required

• Bachelor's degree in mathematics, statistics, actuarial science, economics, or a related field
• Up to 4 years of healthcare actuarial experience
• Passed a minimum of 1 Society of Actuaries (SOA) exam, 2 or more preferred
• Proven proficiency in Microsoft Excel; familiarity with SAS, SQL, R, Python, and/or Microsoft Power BI is a plus
• Ability to network and build professional relationships quickly
• Strong interpersonal skills, with a demonstrated ability to establish rapport and collaborate effectively with colleagues
• Strong written and verbal communication skills
• Excellent organizational skills and attention to detail
• Demonstrated capacity to thrive in a fast-paced, client-focused environment

Preferred

• College GPA of 3.3 or higher
• Prior actuarial internship or relevant data analysis experience

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.

The expected application deadline for this job is December 22, 2026.

Location

This position is based out of the Milliman office in Seattle, WA. Candidates hired into this role must be willing to work onsite full-time.

Compensation

The salary range is $80,169 - $136,160 depending on a combination of factors, including but not limited to education, relevant work experience, qualifications, skills, certifications, location, etc. If overall experience is less than 2 years the range would be $80,169 - $121,555; for experience of greater than 2 years, the range would be $80,169 - $136,160.

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 observed holidays per year.
• Family Building Benefits - Includes adoption and fertility assistance.
• Paid Parental Leave - Up to 11 weeks of paid leave for employees who meet eligibility
• Life Insurance & AD&D - 100% of premiums covered by Milliman.
• Short-Term and Long-Term Disability - Fully paid by Milliman.

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

Equal Opportunity

All qualified applicants will receive consideration for employment, without regard to race, color, religion, sex, sexual orientation, national origin, disability, or status as a protected veteran.