Senior Actuarial Analyst - New York Property and Casualty (remote U.S.)

Milliman•New York, NY

2d•$75,800 - $174,800•Remote

About The Position

Independent for over 75 years, Milliman delivers market-leading services and solutions to clients worldwide. Today, we are helping companies take on some of the world’s most critical and complex issues, including retirement funding and healthcare financing, risk management and regulatory compliance, data analytics and business transformation. Milliman invests in skills training and career development, and gives all employees access to a variety of learning and mentoring opportunities. Our growing number of Milliman Employee Resource Groups (ERG’s) are employee-led communities that influence policy decisions, develop future leaders, and amplify the voices of their constituents. We encourage our employees to give back to their varied professions, including leadership in professional organizations. Please visit our web site to learn more about Milliman’s commitments to our people, diversity and inclusion, social impact and sustainability: https://www.milliman.com/en/socialimpact Milliman’s New York Property and Casualty practice (NYPC) provides a wide variety of actuarial consulting services to insurance carriers, reinsurers, and self-insureds including loss reserving, pricing, and predictive modeling. Work is shared across the practice, giving everyone the opportunity to build their skills and showcase their abilities, and take on increasing responsibilities over time. In this practice, a Senior Actuarial Analyst is responsible for core actuarial consulting work, including reserving and pricing engagements, with reserving as the primary focus. Responsibilities include performing reserve reviews, pricing analyses, developing predictive models for a range of applications, and evaluating clients’ reserving and modeling approaches to identify opportunities for methodological enhancement. The position also requires predictive modeling expertise and strong programming skills (preferably in R). This is a tremendous career opportunity for an experienced actuary to take on direct responsibility for client work. Our ideal hire for this role is someone who enjoys thinking critically to solve a client’s business problems; pairs strong technical skills with creativity; is adept in independently managing their own workload; and is committed to the actuarial exam and credentialing process through the Casualty Actuarial Society. This person will also: Understand, modify, and operate complex spreadsheets and database tools to analyze data and solve problems Receive, reconcile, manipulate, and analyze data using programming languages such as R and SQL Check data for consistency Develop and use actuarial models 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 Undertake research projects Perform or assist with other duties assigned at the direction of Actuaries and Principals

Requirements

Completed bachelor’s degree (at time of application) in actuarial science, mathematics, data science, statistics, or other quantitative major
At a minimum, must have passed the following five actuarial (at time of application) – P, FM, MAS-I, MAS-II and Exam 5
Between five and ten years of professional actuarial experience, including substantial reserving experience and meaningful predictive modeling experience, preferably within a commercial insurance or reinsurance environment
Strong knowledge of traditional actuarial and predictive modeling methodologies (e.g., generalized linear models), along with familiarity with advanced techniques such as regularized regression, GAMs, GLMMs, tree-based methods, and Bayesian approaches
Strong technical and programming skills, with the ability to manage data and automate complex data processes in R (preferred), SAS, SQL, or other programming languages
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.
Quick learner who takes initiative to dive deeper and solve problems
Able to adjust on the fly, to accept new assignments or shift focus, and balance multiple concurrent projects
“Big picture” thinking to help anticipate client needs
Superb attention to detail and technical accuracy
Self-sufficient, motivated to work independently
Enthusiasm for the work of our practice, and a strong work ethic to meet our clients’ needs
Collaborative by nature, willing to help wherever needed
Excellent written and oral communication skills, including the ability to express or explain complicated technical concepts to a variety of audiences
Available to start within 2-4 weeks of offer acceptance ( this is an immediate hire )

Responsibilities

performing reserve reviews
pricing analyses
developing predictive models for a range of applications
evaluating clients’ reserving and modeling approaches to identify opportunities for methodological enhancement
Understand, modify, and operate complex spreadsheets and database tools to analyze data and solve problems
Receive, reconcile, manipulate, and analyze data using programming languages such as R and SQL
Check data for consistency
Develop and use actuarial models
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
Undertake research projects
Perform or assist with other duties assigned at the direction of Actuaries and 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 – 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.