Senior Actuarial Manager (ASA) - CMH Health

Milliman•Chicago, IL

3h•$100,400 - $208,380

About The Position

Milliman’s CMH Health Practice is seeking a Senior Actuarial Manager to join its growing practice. The role provides opportunities to work across a wide range of healthcare industry areas alongside experienced specialists. Senior Actuarial Managers perform and oversee actuarial consulting work, manage multiple projects, provide technical direction, review and develop staff, and support client communications. The role also expects continued progress toward the Society of Actuaries Fellowship (FSA) designation. Candidates are preferably based on-site in Milliman’s Chicago, Illinois; Milwaukee, Wisconsin; or Hartford, Connecticut offices. Remote candidates will also be considered. Applicants must be legally authorized to work in the United States without current or future immigration support or sponsorship from Milliman. The overall salary range is $100,400–$208,380. For candidates residing in Alaska, California, Connecticut, Illinois, Maryland, Massachusetts, New Jersey, New York City, Newark, San Jose, San Francisco, Pennsylvania, Virginia, Washington, or the District of Columbia, the range is $115,460–$208,380. In all other states, the range is $100,400–$181,200. Compensation depends on factors including education, relevant experience, qualifications, skills, and certifications. The expected application deadline is November 22, 2026.

Requirements

Bachelor’s or master’s degree in a quantitative field.
Associate of the Society of Actuaries (ASA) designation.
At least 10 years of full-time actuarial experience.
Thorough understanding of Microsoft Excel and actuarial concepts.
Legally authorized to work in the United States without current or future immigration support or sponsorship from Milliman.

Nice To Haves

Experience with SAS, VBA, or other coding languages.
Experience mentoring staff and managing projects.
Strong verbal and written communication skills.
Ability to help identify client issues and the resources needed to solve problems.
Analytical thinking skills to evaluate analyses for communication to clients.
Ability to help plan and organize project work.
Ability to identify project deliverables, meet deadlines, and ensure compliance with quality procedures.
Strong time management skills.
Ability to work independently and as part of a team.
Client-focused and results-oriented approach.
Organizational expertise and flexibility.
Ambition and enthusiasm for professional development in the actuarial field.
On-site work at the Chicago, Milwaukee, or Hartford office is preferred; remote candidates will be considered.

Responsibilities

Perform data analysis using Excel, SAS, and Milliman proprietary programs in health insurance areas such as Medicaid, Commercial/ACA, Medicare, Long Term Care, Pharmacy, and Provider work.
Provide consulting services in pricing, reserving, financial projections, and mergers and acquisitions.
Perform technical work and delegate much of the work to professional staff to meet client needs.
Review others’ work and assist with research and product development.
Teach and train professional staff working on the Senior Actuarial Manager’s projects.
Manage several projects simultaneously and provide insight into their technical direction.
Verify the initial reasonableness of project solutions and prepare client communications for Consultant review, including data collection, project updates, and responses to basic technical questions.
Continue progressing through actuarial exams toward the Society of Actuaries FSA designation.

Benefits

Medical, dental, and vision coverage for employees, dependents, and domestic partners.
Employee Assistance Program providing confidential support for personal and work-related challenges.
401(k) plan with company matching and profit-sharing contributions.
Discretionary bonus program.
Flexible Spending Accounts for dependent care, transportation, and eligible medical expenses.
Paid time off accruing from the first day of work; full-time employees accrue 15 days annually, with prorated accrual for employees working less than full time.
At least 10 observed holidays per year.
Adoption and fertility assistance through family-building benefits.
Up to 11 weeks of paid parental leave for eligible employees.
Life insurance and AD&D, with premiums fully covered by Milliman.
Short-term and long-term disability coverage, fully paid by Milliman.