Associate Actuary (ACAS) - Atlantic Region P&C - H

Vermont, Inc; Burlington (VT); Hybrid; USD 89,000 - 184,000; Full time

Job summary

Milliman's Atlantic Region Property and Casualty practice seeks an Associate Actuary to drive complex actuarial projects and deliver high-quality analyses for clients across insurance and reinsurance markets. You will work autonomously and with teams, handling data manipulation in Excel and applying R for modeling, with opportunities to engage in client-facing deliverables.

The role emphasizes professional development toward CAS Fellowship, collaboration across time zones, and contributing to

Qualifications

• ACAS credential by the time of application.
• Up to 10 years of professional actuarial full-time experience in pricing, reserving, predictive modeling, capital modeling, ERM, or reinsurance topics for NA/Europe.
• Bachelor's degree or higher with quantitative coursework in actuarial science, math, stats.
• Proficiency in MS Excel and Word.
• Mastery of R for statistical modeling.
• Must be legally authorized to work in the United States without sponsorship.

Responsibilities

• Oversee execution of projects, ad hoc or longer-term.
• Write reports and support client communication.
• Direct interaction with clients and vendor partners.
• Train and guide Actuarial Analysts.
• Ensure internal quality control and risk management.
• Engage in marketing opportunities including publications and presentations.
• Present findings to peers and clients.
• Draft reports and exhibits for internal/external use.
• Check work for accuracy of mechanics and methodology.
• Document data compilation processes for projects.
• Implement process improvements.

Skills

Strong critical thinking

Analytical skills

Team collaboration

Time management

Education

ACAS credential or in process

Bachelor's degree or higher

Tools

R for statistical modeling

MS Excel

Word

PowerPoint

Access

VBA

Python

SAS

STATA

Job description

Job Description

Description

Who We Are

The Atlantic Region Property and Casualty practice, with locations in Boston MA and Burlington VT, 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 drive complex projects that contribute to our clients' business 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 R is 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 interactions; pairs their strong technical skills with creativity; and possesses a strong work ethic and intrinsic motivation.

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

Typical Responsibilities in this role include

• Oversee the execution of projects, whether ad hoc or longer-term
• Write reports and support client communication
• Direct interaction with client and/or client's other vendor partners (e.g., broker, captive manager, auditor)
• Direct, train and provide guidance to Actuarial Analysts (e.g. data cleaning, checking)
• Comply with internal quality control, risk management, and peer review guidelines
• Participate in marketing opportunities including publications and presentations
• Present findings to peers, project managers, and client relationship managers
• Draft written reports and exhibits, and prepare other internal/external correspondence
• Check their own and peers' work for accuracy in the mechanics as well as the methodology
• Write detailed documentation to keep track of how data is compiled for specific projects
• Implement process improvements to produce better results
• Perform or assist with other duties assigned at the direction of practice Principals

What We Are Looking For

Professional Qualifications

• Associate credential from the Casualty Actuarial Society (ACAS), attained by the time of application
• Up to 10 years of professional actuarial fulltime work experience in pricing, reserving, predictive modeling, 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 experience with MS Excel and Word
• Mastery of R for statistical modeling
• Individual(s) must be legally authorized to work in the United States without the need for any immigration support or sponsorship from Milliman now or in the future

Personal Qualifications

• Strong critical thinking, technical, and analytical skills
• Superb attention to detail and dedication to technical accuracy
• The ability to work collaboratively and organize various client needs simultaneously across multiple concurrent projects
• Accustomed to working in a fast-paced environment, willing to put in extra effort when required by our clients
• 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

• In pursuit of Fellow of Casualty Actuarial Society credential
• Mastery of statistical and modeling tools such as @Risk, VBA, Python, SAS, STATA, etc.
• Working knowledge of supplemental database and professional working tools such as Access and PowerPoint

Location

This is a hybrid position for candidates with under five years of relevant full-time actuarial experience, based out of either the Milliman Boston office (Wakefield, MA) or Vermont office (Burlington, VT). Some financial relocation assistance may be available. Candidates with five or more years of relevant full-time actuarial experience who are not local to one of these two locations may apply for remote work. Additional periodic travel may be required nationwide for meetings, conferences, and team events (up to 20%).

Compensation

The overall salary range for this role is $88,800 - $184,460. 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.

The expected application deadline for this job is November 30, 2026.
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