Senior Consulting Actuary (FSA) - Medicaid (CMH Health)

Milliman•Brookfield, WI

11h•$119,238 - $247,503

About The Position

Milliman’s CMH Health Practice is seeking a senior consultant with strong Medicaid managed-care experience to lead large, cross-functional projects with clients in the health industry. The role involves building relationships with clients and senior management and applying actuarial skills and experience in a rapidly growing entrepreneurial business. The position is preferably based in-office at the Milwaukee, Chicago, or Hartford office; remote candidates will also be considered. The individual must be legally authorized to work in the United States without requiring current or future immigration support or sponsorship from Milliman. Milliman advises clients on healthcare financing and delivery, including the effects of healthcare reform and ways to streamline operations while advancing patient-care quality. Its consulting work is supported by data analytics solutions and industry cost guidelines. The expected application deadline is January 17, 2027. The overall salary range is $119,238–$247,503. For candidates 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 $137,124–$247,503. For candidates in all other states, the range is $119,238–$215,220. Compensation considers factors including education, relevant work experience, qualifications, skills, and certifications. Project teams include consultants, managers, and analysts who coordinate to deliver client reports and other deliverables. Consultants build client relationships, direct projects, and present results. Project managers work with analysts by reviewing work, answering questions, and developing client correspondence. Analysts perform much of the technical work, including data analysis, actuarial calculations, actuarial modeling, and software implementation.

Requirements

Bachelor’s or master’s degree in a quantitative field.
FSA designation from the Society of Actuaries (SOA).
At least 10 years of health actuarial experience or similar experience at a consulting firm or health insurance company.
At least 3 years of Medicaid managed-care experience, and that experience must be within the past three years.
Advanced proficiency in Microsoft Excel and actuarial concepts.
Experience managing projects.
Strong verbal and written communication skills and analytical thinking skills for evaluating analyses and communicating them to clients.
Self-motivated, creative, and resourceful.
Strong time management skills.
Ability to work independently and in a team environment.
Client-focused and results-oriented approach.
Integrity in all work functions.

Nice To Haves

Experience with managed Medicaid programs, preferably developing managed Medicaid capitation rates for state agencies.
Experience mentoring staff.
Ambition and enthusiasm for professional development within the actuarial field.

Responsibilities

Build relationships with clients, direct projects, present results to clients, and answer their questions.
Develop a successful client base through networking, writing articles, speaking engagements, and other marketing methods.
Identify issues clients face and the resources needed to solve problems.
Plan projects, identify deliverables, meet deadlines, and ensure compliance with quality procedures.
Lead large, cross-functional projects for clients in the health industry.

Benefits

Medical, dental, and vision coverage for employees, dependents, and domestic partners.
Employee Assistance Program offering 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 per year, 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 fully paid by Milliman.