Actuarial Analyst - EB Consulting (Health & Group Benefits)

Milliman•New York, NY

19h•$60,300 - $121,555•Hybrid

About The Position

This entry level position provides support and assistance to actuarial and benefits consultants. Supporting the design and delivery of health & welfare employee benefits programs by performing data analysis, preparing key deliverables, and assisting with financial reviews. You will be expected to perform this work through collaboration with internal teams while maintaining efficient and organized workflows. This job includes: Reconciling claims data, preparing budget projections, calculating claims reserves, pricing plan design changes, analyzing vendor renewals, and preparing experience reports. Calculating employer/employee contribution rates, retiree rates, COBRA rates, and imputed income rates. Performing postretirement health valuations, including the development of claim cost and health cost trend assumptions, projection of liabilities and calculation and reporting of financial statement information. Evaluating vendors via renewals, RFPs, and market checks; conducting financial and ad‑hoc analyses. Collaborating with internal teams and other Milliman groups. Ensuring quality, timeliness, and budget adherence; following processes, initiating peer review, and maintaining document/email retention.

Requirements

A motivated self-starter with a strong analytical mindset and attention to detail.
Demonstrated proficiency in Microsoft Excel and comfort working with large datasets.
Interest or experience in health & welfare employee benefits programs.
Excellent communication skills, both written and verbal, with the ability to draft professional emails and documentation.
Commitment to learning and staying current with industry trends and regulations.
Strong organizational skills and ability to manage multiple tasks to meet deadlines.
Willingness to take initiative, seek feedback, and continuously improve processes and deliverables.
Ability to work collaboratively within a team and across departments.
Integrity and respect for confidentiality and compliance with company policies.

Nice To Haves

Bachelor’s degree in actuarial science, mathematics, statistics, business, or a related field preferred (or nearing completion in May 2026).
A minimum of one SOA exam passed.
0-2 years of experience as an Actuarial Analyst.
Strong analytical and quantitative skills; experience with data analysis in employee benefits or health care preferred.
Proficiency in Microsoft Excel. Familiarity with other data analysis tools is a plus.
Ability to produce accurate and timely work while following established processes.
Excellent communication skills, both written and verbal, with the ability to draft professional emails and documentation.
Commitment to learning and staying current with industry trends and regulations.
Strong organizational skills and attention to detail.
Willingness to take initiative, seek feedback, and continuously improve processes and deliverables.
Ability to work collaboratively in a team environment and interact with cross-functional teams.
Ability to manage multiple tasks and prioritize workloads to meet deadlines.
Commitment to maintaining confidentiality and complying with document retention policies.

Responsibilities

Reconciling claims data, preparing budget projections, calculating claims reserves, pricing plan design changes, analyzing vendor renewals, and preparing experience reports.
Calculating employer/employee contribution rates, retiree rates, COBRA rates, and imputed income rates.
Performing postretirement health valuations, including the development of claim cost and health cost trend assumptions, projection of liabilities and calculation and reporting of financial statement information.
Evaluating vendors via renewals, RFPs, and market checks; conducting financial and ad‑hoc analyses.
Collaborating with internal teams and other Milliman groups.
Ensuring quality, timeliness, and budget adherence; following processes, initiating peer review, and maintaining document/email retention.

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 paid 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.