Consulting Actuary - EB Consulting

Milliman, Inc; New York (NY); On-site; USD 184,805 - 365,240; Full time

Benefits offered by this job

Medical, Dental and Vision coverage

401(k) with company match

Discretionary bonus program

PTO 15 days/yr + 10 holidays

Life Insurance & AD&D

Short/Long-term disability

Job summary

Milliman, Inc. seeks a senior actuary to lead employer health benefits engagements, guiding plan design, financials and vendor management. You will oversee end‑to‑end marketing and vendor searches, build client relationships, and drive business development across coverage lines.

The role requires extensive employer health consulting experience, ASA/MAAA designation, and leadership of large, complex client relationships; domestic travel is expected with a hybrid/onsite work model.

Qualifications

• Over 20 years of employer health actuarial experience with at least 10 years in consulting.
• Strong knowledge of actuarial concepts, benefits design, delivery, financing and strategy.
• Proven leadership in roles at or above Principal level.
• Track record of generating new business and managing large client projects.

Responsibilities

• Lead relationships for select health clients as Consulting Actuary; manage complex projects.
• Provide senior actuarial and consulting support on plan design, financials, and vendor management.
• Oversee marketing and vendor searches for medical and pharmacy coverage.
• Develop marketing presentations and cross-sell consulting services to clients and prospects.
• Represent the practice with clients, partners and market stakeholders; ensure peer review and quality standards.

Skills

Actuarial leadership

Client relationship management

Project management

Strategic guidance

Communication skills

Opportunity spotting

Team collaboration

Travel flexibility

Education

Bachelor's degree

ASA/MAAA designation

Health and life insurance license (preferred)

Job description

What You Will Do

In this role, you will lead Employer Health Benefits engagements, managing complex client projects and relationships while delivering actuarial and strategic guidance on plan design, financials, benefit strategy, and vendor selection/management. Oversee end‑to‑end marketing and vendor searches across all coverage lines; represent the practice with clients and partners; identify opportunities; ensure rigorous project tracking and peer review; build strong internal partnerships; and contribute to business development and prospect presentations.

Responsibilities

• Lead relationships for select health clients, serve as the Consulting Actuary for all deliverables and manage large, complex client projects.
• Provide senior level actuarial and consulting support to clients, including plan design, financial analysis and projections, benefit strategy, and vendor selection and management.
• Manage/oversee the marketing and vendor search process for potentially all lines of coverage, with a focus on medical and pharmacy coverage.
• Leverage expertise and experience to build and strengthen relationships, representing the practice with key customers, prospects, providers, and other market stakeholders.
• Develop and participate in strategic opportunities for the sale or cross‑sell of consulting services to clients and prospects.
• Follow established Milliman protocol for work quality and comply with peer review standards.
• Establish and maintain strong working relationships with appropriate consultants within Milliman.
• Participate in developing and making marketing presentations to new prospects.

Qualifications

• At least twenty years of employer health actuarial experience, with a minimum of ten years consulting experience.
• Strong working knowledge of actuarial concepts, benefits design, delivery, financing, and strategy.
• Leadership position in current or previous role(s) equal to or greater than Principal.
• Proven track record at generating new business.
• Domestic or international travel (local and regional) required.

Professional Qualifications

• At least ten years of employer health consulting experience in a lead role.
• Bachelor's degree.
• Minimum Designation: ASA, MAAA.
• Health and life insurance license preferred.
• Demonstrated success providing health actuarial and consulting services.
• Current and relevant knowledge of legislation, market trends and issues affecting the employer health market.
• Proven new business success, successful staff management, and leadership of large, complex client relationship.
• Experience with coverage for the retiree market, including knowledge of Medicare programs.
• Thorough understanding of the marketing / vendor search process and the ability to manage the total process.
• Thorough understanding of medical and prescription drug coverage.
• The ability to lead actuarial teams and review and deliver core health actuarial work.
• Thorough understanding of self‑insurance and stop‑loss coverage concepts.
• Strong communication skills (written and verbal) with an ability to present and manage presentations covering complex topics.
• Strong knowledge of employer health legal and regulatory framework.
• Effective time management skills to prioritize and organize multiple complex projects.
• Strong problem‑solving skills, including taking initiatives to complete necessary research and document the process used to reach conclusions.

Location

This position is based in Portland, OR; Seattle, WA; Orange County, CA; Walnut Creek, CA; New York, NY; or Little Falls, NJ. Candidates hired must be willing to work in‑person in the Milliman office on a weekly basis, with flexible hybrid arrangements considered.

Compensation

• Orange County, CA; Walnut Creek, CA; Seattle, WA; New York, NY; and Little Falls, NJ: $184,805 - $365,240.
• Portland, OR: $160,700 - $317,600.

Benefits

• Medical, Dental and Vision coverage for employees, dependents, and domestic partners.
• Employee Assistance Program (EAP).
• 401(k) plan with company match and profit‑sharing.
• Discretionary bonus program.
• Flexible Spending Accounts (FSA) for dependent care, transportation, and eligible medical expenses.
• Paid Time Off (PTO) accruing from day one; full‑time employees accrue 15 days per year.
• Minimum of 10 paid holidays per year.
• Family building benefits, including adoption and fertility assistance.
• Paid parental leave up to 12 weeks for eligible employees.
• Life insurance and AD&D with 100% premiums covered.
• Short‑term and long‑term disability fully paid.

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.