Associate Actuary PC ACAS
Associate Actuary PC ACAS
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$ 86000 - 179000
1 Vacancy
Job Description
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.
Millimans New York Property and Casualty practice provides a wide variety of actuarial consulting services to insurance carriers reinsurers and selfinsureds 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.
What You Will Do
In our practice an Associate Actuary is responsible for performing various levels of analysis related to client work. Supporting the Project Managers the Associate Actuary reviews work performed by the Actuarial Analysts (such as reviewing data in preparation for analysis checking data for errors and consistency) conducts complex analysis and produces reports. Our ideal hire for this role is someone who enjoys thinking critically to solve a clients business problems; pairs their strong technical skills with creativity; is adept in independently managing their own workload; and is committed to pursuing a Fellow credential through the Casualty Actuarial Society.
Typical responsibilities in this role include:
- Contribute to the vision of a given project and design analyses
- Oversee the of projects whether ad hoc or longerterm projects
- Write reports and support client communication
- Direct interaction with client and/or clients other vendor partners (e.g. broker captive manager auditor)
- Direct train and provide guidance to Actuarial Analysts (e.g. data cleaning checking)
- Comply with internal quality control risk management and peer review guidelines
- Participate in marketing opportunities including publications and presentations
- 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 in the mechanics as well as the methodology
- Write detailed documentation to keep track of how data is compiled for specific projects
- Implement process improvements to produce better results
- Perform or assist with other duties assigned at the direction of practice Principals
Required Professional Qualifications
- Associate of the Casualty Actuarial Society (ACAS) credential attained at time of application
- Completed bachelors degree (at time of application) in actuarial science mathematics data science statistics or other quantitative major
- Prior P&C reserving and/or pricing experience
- 5 years of professional actuarial experience
- Proven proficiency with Excel
Required Skills and Competencies
- Big picture thinking to anticipate client needs
- Proactive when faced with an inconsistency missing information or an unusual result; inclined to first investigate and then consult with project manager
- 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
- Recognizes and commits to deadlines and priorities
- Accustomed to working in a consulting environment willing to put in extra effort when required by our clients
- Selfsufficient motivated by autonomy and responsibility for assignments
- Able to articulate own thought process / reasoning
- Superb attention to detail and technical accuracy
- Collaborative by nature willing to help wherever needed
- Seeks out opportunities for process improvements and efficiency gains for the work of the practice
- Excellent written and oral communication skills including the ability to express or explain complicated technical concepts to a variety of audiences
Preferred Skills (Not Required)
- Proven technical skill in programming with R highly preferred (such as for data compilations and simulations); SAS Python and/or SQL experience also welcome
- Predictive modeling experience or an area of keen interest
- Advanced degree in related field
- Experience working on due diligence assignments including LPT/ADC and M&A deals
Location
This is a fully remote position. Employees may work from anywhere in the United States. Some workrelated travel may be required on occasion.
Compensation
The remote salary range for up to 10 years of experience is $86000 $179000. The remote salary range for more than 10 but less than 20 years of experience is $97000 $203000. Both ranges are dependent upon a combination of factors including but not limited to education relevant work experience qualifications skills certifications location etc. Employees of this practice are also eligible for an annual bonus program that is dependent on billable hours worked and the success of the practice. Bonuses are calculated and paid based upon a practicelevel policy and are not guaranteed.
Benefits
We offer a comprehensive benefits package designed to support employees health financial security and wellbeing. Benefits include:
- Medical Dental and Vision Coverage for employees dependents and domestic partners.
- Employee Assistance Program (EAP) Confidential support for personal and workrelated challenges.
- 401(k) Plan Includes a company matching program and profitsharing contributions.
- Discretionary Bonus Program Recognizing employee contributions.
- Flexible Spending Accounts (FSA) Pretax savings for dependent care transportation and eligible medical expenses.
- Paid Time Off (PTO) Begins accruing on the first day of work.
- Fulltime employees accrue 15 days per year.
- Employees working less than fulltime accrue PTO on a prorated basis.
- Holidays A minimum of 10 observed 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.
- ShortTerm and LongTerm Disability Fully paid by Milliman.
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.
The expected application deadline for this job is April 30 2025.
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Required Experience:
IC
Employment Type
Full-Time
