Actuary – Value Based Payments (Seattle Health)

Acturhire; Seattle, Northern (WA, KY); Hybrid; USD 104,000 - 243,000; Full time

Benefits offered by this job

Medical, Dental & Vision

401(k) Plan

Discretionary Bonus

Paid Time Off

Holidays

Life Insurance & AD&D

Short-Term and Long-Term Disability

Job summary

Milliman’s Seattle Health Practice seeks an experienced actuary to lead healthcare analytics, develop financial models, and mentor junior staff. The role involves presenting complex insights clearly to clients and managing projects with strict budgets.

A strong background in healthcare actuarial work and VBP is required, with in-office Seattle preference but remote options considered. The candidate will collaborate with insurers, health plans, and healthcare providers, supporting

Qualifications

• Must have FSA designation and actuarial certification.

Responsibilities

• Analyze healthcare data and build financial models.

Skills

FSA designation

Healthcare actuarial

Excel

SAS/SQL/Python/R

US healthcare knowledge

Mentoring staff

Education

Bachelor's degree

Tools

SAS

SQL

Python

R

Job description

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.

You will have the opportunity to:

• Perform analysis of healthcare data
• Interpret regulations
• Build financial models
• 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

Employees will be expected to develop the ability to manage client relationships and successfully generate new business with both new and existing clients.

What We’re Looking For

Professional Qualifications

• Bachelor’s degree in mathematics, statistics, economics, or a related field
• FSA designation
• 7+ years of healthcare actuarial experience, with at least four (4) years in a consulting or advisory role supporting health plans, state Medicaid agencies, or ACOs.
• Minimum of five (5) years of experience with VBP arrangements (e.g., shared savings, capitation, and other provider risk arrangements).
• Minimum of three (3) years leading Medicare and/or Medicaid program VBP work, including delegating work to and mentoring junior staff.
• Experience with current Medicare and Medicaid VBP programs (REACH/LEAD, MSSP, AHEAD, TEAM, managed Medicaid or Medicare Advantage provider risk) is a plus.
• Proficiency with Excel
• Some knowledge of SAS, SQL, Python, 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
• Seeks to learn and understand project goals in service of finding new and better ways to solve client problems
• Comfortable adapting existing data sources and methodologies in response client problems
• Can explain complex concepts to non-technical audiences
• 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.

The expected application deadline for this job is December 11, 2026.

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.

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.

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.

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, inclusion, 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.