Senior Actuarial Analyst (ASA) - CMH Health

Milliman, Inc; Windsor (CT); Hybrid; USD 102,000 - 184,000; Full time

Benefits offered by this job

Health insurance

Dental & Vision

Employee Assistance Program

401(k) with match

Discretionary bonus

Flexible Spending Accounts

Paid time off

Holidays

Family building benefits

Paid parental leave

Life insurance & AD&D

Short/Long-term disability

Job summary

Milliman’s CMH Health Practice is seeking a Senior Actuarial Analyst to join their vibrant, dynamic, and growing team. You will work across Medicare Advantage, Part D, Commercial/ACA, and other healthcare segments, applying actuarial models and software to deliver client solutions.

The role involves data analysis, pricing, reserving, forecasting, and potential M&A work. Remote candidates will be considered; office options include Milwaukee, Chicago, or Harford.

Qualifications

• Bachelor's or master's degree in actuarial science or a quantitative field.
• ASA designation with SOA.
• Minimum 2 years of full-time actuarial experience.
• Thorough understanding of Microsoft Excel and actuarial concepts.

Responsibilities

• Perform data analysis using Excel, SAS, and Milliman tools to support consulting for various healthcare segments.
• Participate in pricing, reserving, financial projections, model development, forecasting, and mergers and acquisitions.
• Review the work of peers and assist with research and product development.
• Coordinate with Consultants, Managers, Professional Staff, and Interns to present client reports and deliverables.
• Handle the majority of the technical work, including data analysis, actuarial calculations, models, and software solutions.

Skills

Excel proficiency

Actuarial concepts

Communication skills

Data analysis

SAS

VBA

Team collaboration

Client focus

Education

Actuarial degree (BS/MS)

Tools

SAS software

Milliman programs

Job description

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.

Milliman'sCMH Health Practice islooking for a Senior Actuarial Analyst tojointheir vibrant, dynamic, and growing practice.Senior ActuarialAnalysts (referred to as Senior Professional Staff)will have the opportunity to work in a wide variety of areas within the healthcare industry, while working alongside some of the leading experts in the field.

Who We Are

Independent for more than 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, healthcare financing, risk management, regulatory compliance, data analytics, and business transformation.

Job Responsibilities

• Perform data analysis using Excel, SAS, and proprietary Milliman programs to assist with consulting for various healthcare segments (Medicare Advantage and Part D, Commercial / ACA, Dental, Medicaid, Long Term Care, Pharmacy, Provider, and more)
• Participate in consulting activities to include pricing, reserving, financial projections, model development, forecasting, and mergers and acquisitions
• Responsible for reviewing the work of peers and assisting with research and product development
• Coordinate with Consultants, Managers, Professional Staff, and Interns as a project team to present client reports and deliverables
• Responsible for the majority of the technical work, which may include analyzing data, completing actuarial calculations, developing and utilizing actuarial models, and implementing software solutions

Minimum requirements

• Bachelor's ormaster'sdegree in actuarial science, mathematics, economics, finance, accounting, or another major with quantitative course work
• ASA designation with the Society of Actuaries (SOA)
• Minimum of 2 years of full-time actuarial experience
• Thoroughunderstanding of Microsoft Excel and actuarial concepts

Competencies and Behaviors that Support Success in this Role

• Experience working with SAS,VBA, or other coding languagesis advantageous
• Strong communication skills (both verbal and written)
• Analytical thinking skills to evaluate analyses fordownstream impact
• Can complete project deliverables, meet deadlines, and ensure compliance with quality procedures
• Strong time management skills
• Ability to work independently andin a team environment
• Client focused andresultsoriented
• Ambition and excitement for professional development within the actuarial field
• Demonstrates integrity in all functions of work

Location

It is preferred that this candidate work in-office at the Milwaukee, Chicago, or Harford office. Remote candidates will be considered.

The expected application deadline for this job is January 17, 2027.

Compensation

The overall salary range for this role is $88,800 - $184,460. For candidates residing in:

• Alaska, California, Connecticut, Illinois, Maryland, Massachusetts, New Jersey, New York City, Newark, San Jose, San Francisco, Pennsylvania, Virginia, Washington, or the District of Columbia, the salary range is $102,120 - $184,460.
• All other states salary range is $88,800 - $160,400.

A combination of factors will be considered, including, but not limited to, education, relevant work experience, qualifications, skills, certifications, etc.

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 observed holidays per year.
• Family Building Benefits - Includes adoption and fertility assistance.
• Paid Parental Leave - Up to 11 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.

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

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.