Associate Actuary (ACAS) - Atlantic Region P&C - Hybrid U.S.

Milliman•Wakefield, MA

31d•Hybrid

About The Position

The Atlantic Region Property and Casualty practice provides actuarial consulting services across the insurance, reinsurance, insurance-linked securities (ILS), and alternative-risk markets. We serve a diverse clientele including self-insured corporations, commercial insurance companies, governmental agencies, risk pools, and financial investors. Utilizing Milliman products and proprietary tools, we aim to be at the forefront of actuarial practice in our specialized areas, offering trusted advice to enhance financial well-being. Our team is a cohesive group that collaborates across multiple locations, working on varied client projects. We foster an integrated project structure that encourages interaction among all team members, from Analysts to client-facing Principals. While most work is within the practice, we also partner with other Milliman offices globally. We believe actuarial skills are applicable to both traditional and emerging markets, and we are committed to developing future leaders through exam support and mentorship from senior colleagues.

Requirements

Associate credential from the Casualty Actuarial Society (ACAS), attained by the time of application
Up to 10 years of professional actuarial fulltime work experience in pricing, reserving, predictive modeling, capital modeling, enterprise risk management, and/or reinsurance-related actuarial topics for North American and/or European companies
Completed Bachelor’s degree or higher at the time of application, including quantitative coursework in actuarial science, mathematics, statistics, etc.
Substantial experience with MS Excel and Word
Mastery of R for statistical modeling
Individual(s) must be legally authorized to work in the United States without the need for any immigration support or sponsorship from Milliman now or in the future.
Strong critical thinking, technical, and analytical skills
Superb attention to detail and dedication to technical accuracy
The ability to work collaboratively and organize various client needs simultaneously across multiple concurrent projects
Accustomed to working in a fast-paced environment, willing to put in extra effort when required by our clients
The ability and willingness to clearly articulate questions and ideas
Clearly demonstrated leadership and creative thinking abilities
Intellectual curiosity about the topics of risk, Milliman, and the work of our practice
Enthusiasm for producing high-quality, professional work with accuracy and integrity
Inspired to contribute to the success of a project and succeed as a team
Self-starter, with excellent time management skills including collaboration across time zones

Nice To Haves

In pursuit of Fellow of Casualty Actuarial Society credential
Mastery of statistical and modeling tools such as @Risk, VBA, Python, SAS, STATA, etc.
Working knowledge of supplemental database and professional working tools such as Access and PowerPoint

Responsibilities

Oversee the execution of projects, whether ad hoc or longer-term
Write reports and support client communication
Direct interaction with client and/or client's other vendor partners (e.g., broker, captive manager, auditor)
Direct, train and provide guidance to Actuarial Analysts (e.g. data cleaning, checking)
Comply with internal quality control, risk management, and peer review guidelines
Participate in marketing opportunities including publications and presentations
Present findings to peers, project managers, and client relationship managers
Draft written reports and exhibits, and prepare other internal/external correspondence
Check their own and peers’ work for accuracy in the mechanics as well as the methodology
Write detailed documentation to keep track of how data is compiled for specific projects
Implement process improvements to produce better results
Perform or assist with other duties assigned at the direction of practice Principals

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 – 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.