Life and Health Actuary

Milliman • Tampa, FL

273d • $100,000 - $209,000

About The Position

The Team Tampa Individual Life and Health Team is a practice within Milliman, Inc., one of the largest actuarial consulting firms in the world. Our team was established in 1998 and specializes in supplemental life and health products. We expanded our reach with the addition of several senior actuaries who have spent their entire careers focused on these supplemental health and life product lines. In 2013, we were excited to add compliance consulting expertise to our operations. Our dedicated team that specializes in corporate licensing and regulatory compliance, including Uniform Certificate of Authority Application (UCAA) filings has become a driving element of the growing comprehensive services we offer to our clients. Our broad range of services includes product development support, pricing, experience analysis, product re-rating, valuation, and appointed actuary work, as well as state filings, regulatory support, objection response, corporate licensing and annuity work. Team members work on a range of client projects of various sizes, and we employ a highly integrated project structure that encourages interaction across all members of the team from analysts to consultants to the Principals serving as the client leads. While most of our team's time is spent working on projects developed within our local office, team members also have the chance to participate on certain assignments that are completed in partnership with other Milliman offices, and work with employees from other Milliman life and health practices. We believe that the compliance and actuarial skillsets have important applications across both our traditional work and our work in new and developing markets. We are committed to developing a pipeline of new talent and future leaders of the firm through support and interaction with senior colleagues.

Requirements

• Strong academic background in Actuarial Science, Finance, Statistics, Economics, Mathematics or other related degree
• Fellow of the Society of Actuaries (FSA)
• Five or more years actuarial experience
• Strong written and verbal communication skills, along with the ability and willingness to clearly articulate ideas

Nice To Haves

• Strong work ethic and ability to work independently
• Ambition to be a future industry and professional leader
• Strong quantitative background
• Industry conference presenting
• Internal and external client relationship management
• Proven ability to handle multiple projects and tasks, prioritizing and meeting deadlines
• Insurance product modeling experience and MG-ALFA and Integrate experience, in particular, would be an asset
• Self-motivated individual with a sense of intellectual curiosity and a results-oriented work ethic
• Prior consulting experience or a background in individual life insurance valuation

Responsibilities

• Development of reserves, financial statement exhibits, valuation models and production processes for US statutory and/or GAAP reporting
• Modeling and financial projections for actuarial appraisals
• Development and analysis of experience studies and actuarial assumptions
• Asset adequacy analysis and cash flow testing
• Actuarial due diligence for M&A transactions, including review of financial metrics, assumptions, risks and operations of the business
• Development of new insurance products, including Worksite health products (critical illness, accident, hospital indemnity, GAP supplement, cancer, etc.), Combination Life (or Annuity) + Health products, Senior Products (Medicare Supplement and/or long term care), and other supplemental health products

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.
• 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.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Industry: Professional, Scientific, and Technical Services
• Education Level: Bachelor's degree