Actuarial Analyst (CMH Health)

Milliman•Chicago, IL

1d•Hybrid

About The Position

Milliman’s CMH Health Practice is looking for Actuarial Analysts to join their vibrant, dynamic, and growing practice. Actuarial Analysts 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. Milliman delivers market-leading services and solutions to clients worldwide, helping companies take on critical and complex issues, including retirement funding, healthcare financing, risk management, regulatory compliance, data analytics, and business transformation.

Requirements

Bachelor's or master's degree in actuarial science, mathematics, economics, finance, accounting, or another major with quantitative course work
At least two actuarial exams passed
0-4 years of actuarial or related work experience
Thorough understanding of Microsoft Excel and actuarial concepts
Must be able to work onsite at least three days (60% of the time) per week at one of our three CMH Health office locations (Chicago, Illinois, Milwaukee, Wisconsin, or Hartford, Connecticut)
Actuarial Analysts (Professional Staff) working for CMH Health for less than 18 months are required to work in one of our three office locations at least three days (60% of the time) per week.

Nice To Haves

Previous relevant experience through internships, academic projects, or employment
Good academic standing (3.2 grade point average or above is preferred)
Leadership experience and involvement in extra-curricular activities
Experience working with SAS, VBA, or other coding languages is advantageous
Experience with Medicare Advantage and Part D programs, Medicaid programs, commercial individual/group insurance, employer health benefits, pharmacy, or provider risk-taking programs strongly preferred
Strong communication skills (both verbal and written)
Analytical thinking skills to evaluate analyses for downstream impact
Can complete project deliverables, meet deadlines, and ensure compliance with quality procedures
Strong time management skills
Ability to work independently and in a team environment
Client-focused and results-oriented
Demonstrates integrity in all functions of work

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, 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

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 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.