Life and Health Actuary
Life and Health Actuary
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Job Description
The Team
Tampa Individual Life and Health Team is a practice within Milliman Inc. one of the largest actuarial consulting firms in the world. Our team was established in 1998 and specializes in supplemental life and health products. We expanded our reach with the addition of several senior actuaries who have spent their entire careers focused on these supplemental health and life product lines. In 2013 we were excited to add compliance consulting expertise to our operations. Our dedicated team that specializes in corporate licensing and regulatory compliance including Uniform Certificate of Authority Application (UCAA) filings has become a driving element of the growing comprehensive services we offer to our clients.
Our broad range of services includes product development support pricing experience analysis product rerating valuation and appointed actuary work as well as state filings regulatory support objection response corporate licensing and annuity work.
Team members work on a range of client projects of various sizes and we employ a highly integrated project structure that encourages interaction across all members of the team from analysts to consultants to the Principals serving as the client leads. While most of our teams time is spent working on projects developed within our local office team members also have the chance to participate on certain assignments that are completed in partnership with other Milliman offices and work with employees from other Milliman life and health practices.
We believe that the compliance and actuarial skillsets have important applications across both our traditional work and our work in new and developing markets. We are committed to developing a pipeline of new talent and future leaders of the firm through support and interaction with senior colleagues.
What You Will Do
The successful candidate would potentially be involved a wide variety of assignments in the areas of valuation mergers & acquisitions cash flow testing financial reporting product development and financial modeling. Some examples of such assignments include:
- Development of reserves financial statement exhibits valuation models and production processes for US statutory and/or GAAP reporting
- Modeling and financial projections for actuarial appraisals
- Development and analysis of experience studies and actuarial assumptions
- Asset adequacy analysis and cash flow testing
- Actuarial due diligence for M&A transactions including review of financial metrics assumptions risks and operations of the business
- Development of new insurance products including:
- Worksite health products (critical illness accident hospital indemnity GAP supplement cancer etc.
- Combination Life (or Annuity) Health products
- Senior Products (Medicare Supplement and/or long term care)
- Other supplemental health products
As we work in both the life and health space we are looking for a candidate with experience in both of these areas or if in only one area an eagerness to learn the other.
Some travel related to client presentations and industry meetings is required.
Qualifications
Required
- Strong academic background in Actuarial Science Finance Statistics Economics Mathematics or other related degree
- Fellow of the Society of Actuaries (FSA)
- Five or more years actuarial experience
- Strong written and verbal communication skills along with the ability and willingness to clearly articulate ideas
Desired
- Strong work ethic and ability to work independently
- Ambition to be a future industry and professional leader
- Strong quantitative background
- Industry conference presenting
- Internal and external client relationship management
- Proven ability to handle multiple projects and tasks prioritizing and meeting deadlines
- Insurance product modeling experience and MGALFA and Integrate experience in particular would be an asset
- Selfmotivated individual with a sense of intellectual curiosity and a resultsoriented work ethic
- Prior consulting experience or a background in individual life insurance valuation
Location
This position is open to in office hybrid or remote working locations.
In office: This position is based out of the Milliman office in Tampa Florida. Candidates hired into this role could work onsite.
Hybrid: Candidates hired into this role could work inperson in the Milliman office in Tampa Florida on a weekly basis but flexible work arrangements will be considered.
Remote: This role is based out of the Milliman office in Tampa Florida but candidates hired into this role could work remotely anywhere in the US.
The expected application deadline for this job is August 1 2025.
Compensation
The salary range for this role is $100000 $209000 depending on a combination of factors including but not limited to education relevant work experience qualifications skills certifications location etc.
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 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.
- ShortTerm and LongTerm Disability Fully paid by Milliman.
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.
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.
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Employment Type
Full-Time
