Associate Actuary (ACAS) - Atlantic Region Property and Casualty
Associate Actuary (ACAS) - Atlantic Region Property and Casualty
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$ 101420 - 172480
1 Vacancy
Job Description
Who We Are
Independent for over 75 years Milliman delivers market-leading 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 employee-led 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: Atlantic Region Property and Casualty (P&C) practice with locations in Boston MA Burlington VT and Atlanta GA provides actuarial consulting services on a range of projects across the insurance reinsurance insurance-linked securities (ILS) and alternative-risk markets. We work with a diverse set of clients including self-insured corporations commercial insurance companies governmental agencies risk pools and financial investors. Using a variety of Milliman products and practice-built tools we look to establish and develop the cutting edge of actuarial practice in each of our professional niches and provide our clients with trusted partnership and advice to advance the financial well-being of people everywhere.
The team is a focused and tight-knit group working together across multiple locations. 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 the Principals who serve as client leads. While most of our teams time is spent working with members of the practice we also have assignments that are completed in partnership with other Milliman offices around the world.
We believe that the actuarial skillset has important applications across both our traditional actuarial work and our work in developing market areas and are committed to developing a pipeline of actuarial talent and future leaders of the firm through exam support and interaction with senior colleagues.
What You Will Do
On a day-to-day basis the Associate Actuary will drive complex projects that contribute to our clients business strategy. Working autonomously and with project team members they will be expected to produce high-quality analytical work and delegate some tasks to junior staff. Much of this persons work will involve complex data manipulation and summarization in Excel but supplemental programming statistical and database skills are highly valued and will open up additional opportunities for impactful client assignments and advancement. Expertise in R is particularly relevant to this position.
Our ideal Associate Actuary enjoys thinking critically to solve a clients business problems; demonstrates professionalism and strong communication skills in all internal and external interactions; pairs their strong technical skills with creativity; and possesses a strong work ethic and intrinsic motivation.
Actuaries in this practice are expected to pursue Fellowship with the Casualty Actuarial Society (CAS) by taking and passing actuarial examinations and are provided time and monetary resources to support this pursuit.
Typical responsibilities in this role include:
- Oversee the execution of projects whether ad hoc or longer-term
- 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
What We Are Looking For
Professional Qualifications
- Associate credential from the Casualty Actuarial Society (ACAS) at the time of application
- A minimum of three years of professional actuarial fulltime work experience in pricing reserving predictive modeling capital modeling enterprise risk management and/or reinsurance-related actuarial topics for North American and/or European companies
- Completed Bachelors degree or higher at the time of application including quantitative coursework in actuarial science mathematics statistics etc.
- Proven proficiency with Excel and Word
- Mastery of R for statistical modeling
Personal Qualifications
- Strong critical thinking technical and analytical skills
- Superb attention to detail and dedication to technical accuracy
- The ability to work collaboratively and organize various client needs simultaneously across multiple concurrent projects
- Accustomed to working in a fast-paced environment willing to put in extra effort when required by our clients
- The ability and willingness to clearly articulate questions and ideas
- Clearly demonstrated leadership and creative thinking abilities
- Intellectual curiosity about the topics of risk Milliman and the work of our practice
- Enthusiasm for producing high-quality professional work with accuracy and integrity
- Inspired to contribute to the success of a project and succeed as a team
- Self-starter with excellent time management skills including collaboration across time zones
Preferred Qualifications
- Mastery of statistical and modeling tools such as @Risk VBA Python SAS STATA etc.
- Working knowledge of supplemental database and professional working tools such as Access and PowerPoint
Location
This is a remote position. Candidates hired into this role may work onsite in select Milliman office locations if they prefer. Applicants must be willing to travel to the Milliman Boston office (Wakefield MA) or Vermont office (Burlington VT) as needed and travel nationwide for meetings conferences and team events (up to 20%).
The expected application deadline for this job is July 15 2025.
Compensation
The overall salary range for this role is $92200 - $212640. A combination of factors will be considered including but not limited to: education (including actuarial exams and credentials) relevant work experience qualifications skills certifications etc.
For candidates residing in:
- Alaska California Connecticut Illinois Maryland Massachusetts New Jersey Pennsylvania Virginia Washington or the District of Columbia:
- $101420 $172480 if overall experience is less than 10 years; and
- $114620 $194920 for experience greater than 10 years
- New York City Newark San Jose or San Francisco:
- $110640 $188160 if overall experience is less than 10 years; and
$125040 $212640 for experience greater than 10 years
- $110640 $188160 if overall experience is less than 10 years; and
- All other states:
- $92200 $156800 if overall experience is less than 10 years; and
$104200 $177200 for experience greater than 10 years.
- $92200 $156800 if overall experience is less than 10 years; and
Milliman Benefits
We offer a comprehensive benefits package designed to support employees health financial security and well-being. Benefits include:
- Medical Dental and Vision Coverage for employees dependents and domestic partners.
- Employee Assistance Program (EAP) Confidential support for personal and work-related challenges.
- 401(k) Plan Includes a company matching program and profit-sharing contributions.
- Discretionary Bonus Program Recognizing employee contributions.
- Flexible Spending Accounts (FSA) Pre-tax savings for dependent care transportation and eligible medical expenses.
- Paid Time Off (PTO) Begins accruing on the first day of work. Full-time employees accrue 15 days per year and employees working less than full-time 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.
- Short-Term and Long-Term Disability Fully paid by Milliman.
Equal Opportunity
All qualified applicants will receive consideration for employment without regard to race color religion sex sexual orientation national origin disability or status as a protected veteran.
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Required Experience:
IC
Employment Type
Full-Time
