Associate Actuary – Value Based Payments (Seattle Health)

Milliman•Seattle, WA

2d•$88,800 - $208,380•Hybrid

About The Position

Milliman's Seattle Health Practice is seeking an Associate Actuary (ASA) with expertise in health actuarial work, specifically focusing on Value Based Payments (VBP) within government programs like Medicare and Medicaid. The role demands strong creative actuarial skills, effective communication and interpersonal abilities, and excellent organizational talents. A high degree of self-motivation and the capacity to lead a team of consultants are essential for success. Milliman offers comprehensive on-the-job training in consulting skills and advanced actuarial techniques. The Seattle Health Practice collaborates with a diverse range of organizations, including insurance companies, health plans, government agencies, healthcare providers, reinsurers, Accountable Care Organizations (ACOs), health technology firms, and employers. The team comprises over 180 actuarial professionals, supported by expert consultants, IT specialists, and dedicated operations staff. Milliman provides a mentor program for career guidance and support, offering an exceptional opportunity for professional advancement and impactful contributions to healthcare.

Requirements

Bachelor’s degree in mathematics, statistics, economics, or a related field
ASA designation
7+ years of healthcare actuarial experience, with at least four (4) years in a consulting or advisory role supporting health plans, state Medicaid agencies, or ACOs.
Minimum of five (5) years of experience with VBP arrangements (e.g., shared savings, capitation, and other provider risk arrangements).
Minimum of three (3) years leading Medicare and/or Medicaid program VBP work, including delegating work to and mentoring junior staff.
Proficiency with Excel
Some knowledge of SAS, SQL, Python, or R
Strong understanding of the US healthcare system
Demonstrable skills in presenting technical concepts to a non-technical audience in an understandable way
Excellent communication, both verbal and written
Ability to work both independently and in team environments
Seeks to learn and understand project goals in service of finding new and better ways to solve client problems
Comfortable adapting existing data sources and methodologies in response client problems
Can explain complex concepts to non-technical audiences
Proven ability to work in a fast-paced environment where client satisfaction is key
Entrepreneurial spirit
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.

Nice To Haves

Experience with current Medicare and Medicaid VBP programs (REACH/LEAD, MSSP, AHEAD, TEAM, managed Medicaid or Medicare Advantage provider risk) is a plus.

Responsibilities

Perform analysis of healthcare data
Interpret regulations
Build financial models
Write reports that explain technical concepts clearly to a non-technical audience
Manage projects through completion within an expected budget
Supervise actuarial students and less-experienced actuaries in the completion of technical aspects of actuarial projects
Develop the ability to manage client relationships
Successfully generate new business with both new and existing clients

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 12 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.