Actuary - EB Consulting
Actuary - EB Consulting
Employer Active
Job Alert
You will be updated with latest job alerts via email
Share
Job Alert
You will be updated with latest job alerts via email
$ 146000 - 236000
1 Vacancy
Job Description
Health & Group Benefits Actuaries and Consultants are an integral part of the overall client management and client relationship function in Millimans Employee Benefits Consulting practice. The successful candidate will have at least ten years of Health & Welfare actuarial and consulting experience with a strong working knowledge of benefits design delivery financing and strategy. This fulltime hybrid position will be part of a team supporting the delivery of consulting projects as well as maintaining existing and growing new client relationships. This position will include support of the multiemployer employee benefits market as well as potentially public and or corporate clients.
Millimans management has a history of rewarding performance and views this position as a vital piece of its ongoing strategy to solidify and grow longterm client relationships. This position offers the potential to operate as a business manager along with high visibility and unlimited career advancement.
Who We Are
Independent for over 75 years Milliman delivers marketleading services and solutions to clients worldwide. Today we are helping companies take on some of the worlds 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 (ERGs) are employeeled 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 Millimans commitments to our people diversity and inclusion social impact and sustainability.
Through a team of professionals ranging from actuaries to clinicians technology specialists to plan administrators we offer unparalleled expertise in employee benefits investment consulting healthcare life insurance and financial services and property and casualty insurance.
What You Will Do
- Support senior health & group benefit Consulting Actuaries and manage large complex client projects and relationships for select Health & Group Benefits clients.
- Provide senior level consulting support to clients including plan design financial analysis and projections benefit strategy and vendor selection and management.
- Manage the marketing and vendor search process for all lines of coverage including (but not limited to) medical PBM dental life/AD&D disability vision and reinsurance coverage.
- Leverage expertise and experience to build and strengthen relationships representing the Practice with key customers prospects providers and other market stakeholders.
- Participate in strategic opportunities for the sale or crosssell of consulting services to clients and prospects.
What We Are Looking For
- At least ten years of Health & Welfare consulting experience with health and life insurance license.
- Bachelors degree
- Minimum Designation: FSA MAAA
- Demonstrated success providing Health & Welfare actuarial and consulting services.
- Current and relevant knowledge of legislation market trends and issues affecting the Health & Welfare market.
- Experience with coverage for the retiree market including knowledge of Medicare programs.
- Thorough understanding of the marketing / vendor search process and the ability to manage the total process.
- Thorough understanding of medical dental life/AD&D disability vision etc. coverage
- Thorough understanding of selfinsurance and stoploss coverage concepts.
- Strong communication skills (written and verbal) with an ability to present and manage presentations covering complex topics.
- Strong knowledge of Health & Welfare legal and regulatory framework
- Effective time management skills to prioritize and organize multiple complex projects
- Strong skills as a problem solver including taking initiatives to complete necessary research and document the process used to reach conclusions.
- Travel (local and potentially regionally) required up to 25.
- Able to work with timesensitive material and meet multiple deadlines.
- Able to work independently while also contributing to team environment.
Personal Characteristics
Must demonstrate Millimans core values which include:
- Integrity Must be honest fair active listener open communicator and accountable.
- Teamwork Work cooperatively and treat clients and coworkers with respect and dignity while valuing individual differences encouraging new ideas and sharing information.
- Commitment to excellence Demonstrate commitment to being creative innovative flexible and adaptable focusing on quality solutions continually improving and being a winner.
- High energy with effective poise and presence selfmotivated and relentlessly striving towards goals.
- Ability to work with a sense of urgency with strong customer service approach.
The Team
The EB Consulting practice provides actuarial and consulting services for multiple industries for actives and retirees and for Corporate Public and Multiemployer Plans. This practice works with several key types of clients organized into the following lines of business:
- Pension Plans
- Other Postretirement Benefit Plans
- Health and Group Benefits
Location
Candidates hired into this role must be willing to work inperson in the New York NY or Little Falls NJ Milliman offices on a weekly basis but flexible work arrangements will be considered for our hybrid environment.
Compensation
The salary range in New York City NY and Little Falls NJ is $146000 $236000 depending on a combination of factors including but not limited to education relevant work experience qualifications skills certifications location etc.
Benefits
At Milliman we focus on creating an environment that recognizes and meets the personal and professional needs of the individual and their family. We offer competitive benefits which include the following based on plan eligibility:
- A 401(k) plan with matching program and profit sharing contribution
- Employee Assistance Program (EAP)
- A discretionary bonus program
- Paid Time Off (PTO) starts accruing on the first day of work and can be used for any reason; fulltime employees will accrue 15 days of PTO per year and employees working less than a fulltime schedule will accrue PTO at a prorated amount based on hours worked
- Family building benefits including adoption and fertility assistance and paid parental leave up to 12 weeks for employees who have worked for Milliman for at least 12 months and have worked at least 1250 hours in the preceding 12month period
- Commuter Program which allows you to use pretax dollars to pay for your parking or public transit expenses to get to and from work. You may utilize this benefit any time throughout the year and funds will be available the first of the month following your first contribution.
- A minimum of 10 paid holidays
- Milliman covers 100 of the premiums for life insurance AD&D and both shortterm and longterm disability coverage
- Flexible spending accounts allow employees to set aside pretax dollars to pay for dependent care transportation and applicable medical needs
Equal Opportunity
All qualified applicants will receive consideration for employment without regard to race color religion sex sexual orientation gender identity national origin disability or status as a protected veteran.
Employment Type
Full-Time
