Actuarial Analyst - Western Region P&C (remote)

Milliman, Inc; Irvine (CA); Remote; USD 63,000 - 152,000; Full time

Job summary

Join a forward-thinking company as an Actuarial Analyst, where you'll tackle complex challenges in the property and casualty field. This role offers the chance to work on pricing, filing, and predictive modeling projects while collaborating with a supportive team. You'll gain valuable experience and contribute to meaningful client solutions, all within a culture that values professional development and innovation. If you're a proactive problem-solver with a passion for data analysis, this is the perfect opportunity to advance your career in a dynamic environment.

Benefits

Medical, Dental and Vision Coverage

Employee Assistance Program

401(k) Plan with Matching

Discretionary Bonus Program

Flexible Spending Accounts

Paid Time Off (PTO)

Family Building Benefits

Paid Parental Leave

Life Insurance & AD&D

Short-Term and Long-Term Disability

Qualifications

• 2+ actuarial exams passed and intention to pursue CAS credentials.
• Minimum 2 years relevant experience including internships.

Responsibilities

• Create exhibits and perform analyses under supervision.
• Conduct data aggregation and manipulation for projects.

Skills

Data Aggregation

Data Analysis

R

Python

SQL

Excel

Education

Bachelor's degree in economics, finance, actuarial science

Tools

PowerBI

Tableau

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

Milliman's Western Region Property and Casualty (WRPC) Practice provides a wide variety of actuarial consulting services including reserve projections, feasibility studies, retention analyses, predictive modeling, rate development, rate indications, and state filing support.

What You Will Do

WRPC services a broad array of clients in the property and casualty field focusing primarily on loss reserve and pricing analyses for insurance companies and self-insured corporations, including alternative risk programs such as captive insurance companies. This position provides excellent opportunities for professional development and advancement.

An actuary at the Analyst level contributes independently and with the support of a collaborative team. Our ideal hire for this role is someone who enjoys thinking critically to solve a client's business problems. This Actuarial Analyst will have the opportunity to contribute to a variety of projects and client work, such as pricing, filing, reserving, and predictive modeling.

This person will also:

• Create exhibits and perform analyses under supervision of Consultant or Principal


• Conduct data aggregation and manipulation


• Check reports and exhibits for accuracy to comply with internal checking and documentation guidelines


• Interact with clients to acquire and validate data


• Perform or assist with other duties assigned at the direction of Consultants and Principals

What We Are Looking For

Required Professional Qualifications

• Completed Bachelor's degree (at time of application) in economics, finance, actuarial science, or similar major


• Two or more actuarial exams passed (at time of application)


• Intention to pursue credentials through the Casualty Actuarial Society


• A minimum of two years of relevant professional experience (which can include internships) including data aggregation and analysis using R, Python, SQL, etc.


• Demonstrated hands-on experience with Excel

Personal Qualifications

• Quick learner who takes initiative to dive deeper and solve problems


• Able to adjust on the fly, to accept new assignments or shift focus, and balance multiple concurrent projects


• "Big picture" thinking to help anticipate client needs


• Superb attention to detail and technical accuracy


• Motivated to work independently and as part of a team


• Proactive in seeking out opportunities to contribute to client work or research projects


• Excellent written and oral communication skills

Preferred Qualifications

• Prior P&C pricing and/or reserving experience


• Experience with business intelligence / visualization software (e.g. PowerBI, Tableau)


• Experience with predictive modeling e.g. generalized linear models, claims models, underwriting models, telematics, etc.

Location

This is a remote position. Candidates hired into this role may work onsite in select Milliman office locations, if they prefer. Some work-related travel may be required; such expenses will be reimbursed per Milliman policy. Please note, paid relocation assistance is not available for this role.

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

Compensation

The salary range is $63,000 - $152,000, 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 4 years the range would be $63,000 - $135,000; for experience of greater than 4 years, the range would be $71,000 - $152,000.

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

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

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Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

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For further information, please review the Know Your Rights notice from the Department of Labor.