Actuary (FSA) - Seattle Health

Milliman; Seattle (WA); Hybrid; USD 218,385 - 266,915; Full time

Benefits offered by this job

Medical, Dental and Vision coverage for employees, dependents, and domestic partners

401(k) Plan with company matching

Paid Time Off (PTO) and minimum 10 paid holidays

Flexible Spending Accounts (FSA)

Paid Parental Leave

Job summary

Milliman's Seattle Health Practice is looking for an FSA with extensive experience in health actuarial work. The ideal candidate will possess excellent communication skills and the capability to lead a team. This position provides significant on-the-job training and opportunities to collaborate with accomplished industry professionals.

The candidate will be responsible for analyzing healthcare data, writing comprehensive reports, managing projects, and supervising actuarial students. This is an exciting chance to advance professionally while impacting healthcare significantly.

Qualifications

• Seven to ten years of healthcare actuarial experience.
• Experience in Medicaid rate-setting or ACA pricing/rate filing is a plus.
• Ability to present technical concepts clearly.

Responsibilities

• Perform analysis of healthcare data.
• Write reports that explain technical concepts clearly.
• Manage projects through completion within a budget.
• Supervise actuarial students and less-experienced actuaries.

Skills

Creative actuarial capabilities

Good communication

Interpersonal skills

Organizational talents

Project management

Team leadership

Proficiency in Excel

Knowledge of SAS, SQL, or R

Understanding of the US healthcare system

Education

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

FSA designation

Job description

Milliman's Seattle Health Practice is looking for an FSA with experience in health actuarial work. The position requires creative actuarial capabilities, good communication and interpersonal skills, and organizational talents. A high degree of self‑motivation and the ability to lead a team of dedicated consultants are also necessary for success. We provide extensive on‑the‑job training in consulting skills and advanced actuarial techniques.

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.

What You Will Do

• Perform analysis of healthcare data
• Write reports that explain technical concepts clearly to a non‑technical audience
• Manage projects through completion within an expected budget
• Supervise actuarial students and less‑experienced actuaries in the completion of technical aspects of actuarial projects

Professional Qualifications

• Bachelor's degree in mathematics, statistics, economics, or a related field
• FSA designation
• Seven to ten years of healthcare actuarial experience. Meaningful experience in one or more of the following areas would be considered a “plus”:
• Medicaid rate‑setting
• Reserving and year‑end statutory financials (“blue” and “orange” blanks)
• ACA pricing/rate filingMedicare Advantage, especially bid development and understanding of revenue mechanisms (e.g., risk scores, star ratings)
• Value‑based provider contracting
• Proficiency with Excel
• Some knowledge of SAS, SQL, or R
• Strong understanding of the US healthcare system
• Demonstrable skills in presenting technical concepts to a non‑technical audience in an understandable way

Personal Qualifications

• Excellent communication, both verbal and written
• Ability to work both independently and in team environments
• Proven ability to work in a fast‑paced environment where client satisfaction is key
• Entrepreneurial spirit

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.

Location

This position is based out of the Milliman office in Seattle, WA. It is preferred that this employee work in‑office, but remote candidates anywhere in the US will be considered. The expected application deadline for this job is March 5, 2026.

Compensation

The overall salary range for this role is $103,500 - $242,650. A combination of factors will be considered, including, but not limited to, education, 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:
  • $119,025 - $214,820 if overall experience is less than 10 years; and
  • $134,435 - $242,650 for experience greater than 10 years.
• All other states:
  • $103,500 - $186,800 if overall experience is less than 10 years; and
  • $116,900 - $211,000 for experience greater than 10 years.

Employees are also eligible for a bonus under our standard bonus policy. Paid bonus is dependent on billable hours worked by and work managed by the employee. Actual bonuses vary widely based on desired and completed workload but often exceed 40% of base salary.

Benefits

• 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 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

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.

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.