Associate Actuary - Seattle Health

Milliman•Seattle, WA

4d•$88,800 - $208,380•Hybrid

About The Position

Milliman's Seattle Health Practice is seeking an Associate Actuary with experience in health actuarial work. The role requires creative actuarial capabilities, strong communication and interpersonal skills, and organizational talents. A high degree of self-motivation and the ability to lead a team of analysts are essential. The company provides extensive on-the-job training in consulting skills and advanced actuarial techniques. Milliman has been independent for over 75 years, delivering market-leading services and solutions globally. They focus on critical issues like retirement funding, healthcare financing, risk management, regulatory compliance, data analytics, and business transformation. Milliman invests in employee skills training, career development, and offers learning and mentoring opportunities. Employee Resource Groups (ERGs) are employee-led communities that influence policy, develop leaders, and amplify constituent voices. Employees are encouraged to contribute to their professions, including leadership in professional organizations. Milliman's Seattle Health Practice collaborates with a wide range of organizations, including insurance companies, health plans, government agencies, healthcare providers, reinsurers, ACOs, health technology firms, and employers. The team comprises over 180 actuarial professionals, supported by expert consultants, IT specialists, and dedicated operations staff. A mentor program is in place to guide career growth.

Requirements

Bachelor’s degree in mathematics, statistics, economics, or a related field
ASA designation
Four or more years of healthcare actuarial experience
Proficiency with Excel
Some knowledge of SAS, SQL, 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
Proven ability to work in a fast-paced environment where client satisfaction is key
Entrepreneurial spirit
Legally authorized to work in the United States without the need for immigration support or sponsorship

Nice To Haves

Medicaid rate-setting
Reserving and year-end statutory financials (“blue” and “orange” blanks)
ACA pricing/rate filing
Medicare Advantage, especially bid development and understanding of revenue mechanisms (e.g., risk scores, star ratings)
Value-based provider contracting

Responsibilities

Perform analysis of healthcare data
Write reports that explain technical concepts clearly to a non-technical audience
Manage projects through completion within an expected budget
Supervise actuarial students in the completion of technical aspects of actuarial projects
Develop the ability to manage client relationships
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