Senior Actuarial Manager (ASA) – Health Research Team

Individual(s) must be legally authorized to work in the United States without the need for immigration support or sponsorship from Milliman now or in the future.

Millimans Health Research Team (HRT) is seeking a highly skilled and motivatedAssociate of the Society of Actuaries (ASA)to join our team in a senior actuarial role. The ideal candidate brings7 years of actuarial experience including3 or more years of direct people management experience and possesses a strong blend of technical expertise analytical curiosity and proven leadership skills.

In this role the candidate willdirectly manage a teamresponsible for primary actuarial deliverables while providingsubject matter expertise and supportto key healthcare actuarial products and Data Quality Analytics functions. Additionally this role will contribute to research support and ad hoc analytical initiatives across the organization.

This role is based out of the Milliman office in Chicago IL but candidates hired into this role may work remotely anywhere in the US or in the office on a weekly basis with flexible work arrangements.âTravel to Millimans Chicago office for threeâconsecutiveâdays each quarter isârequired.â

WhoâWe Are:â

TheâHRTâsupports Milliman products and practices in a variety of capacities.âThese include but are not limited to financial functions client support project management data engineering and data analytics services. As a shared service team we pride ourselvesâonâdelivering high qualityâtimelyâsupport to Millimans clients consultants and leadership teams.â

Job Responsibilities

People Management & Leadership

• Directly manage a teamof actuaries and analysts including responsibility for hiring onboarding performance management and career development
• Set clear goals and expectations for direct reports providing regular feedback coaching and performance evaluations
• Foster ahigh-performing inclusive team culturebuilt on collaboration accountability and continuous learning
• Support direct reports in theiractuarial exam progressand professional development planning
• Manage team workload and capacity prioritizing assignments and ensuring timely delivery of commitments
• Serve as apeople advocate escalating team needs and removing barriers to success
• Contribute to broader organizational talent initiatives including recruiting succession planning and skills development

Healthcare Actuarial Product Development - Support Role

• Serve as anactuarial subject matter resourceto the teams responsible for the development and methodology of health discipline products
• Provide analytical input actuarial review and technical guidance to support healthcare actuarial product framework updates and enhancements
• Assist in validatingproduct logic and methodologies offering feedback grounded in actuarial expertise and healthcare cost experience
• Collaborate with the teams working on the products to ensure alignment with industry standards emerging coding practices and cost trend developments and other emerging trends
• Review and provide feedback on methodology documentation assumptions and model change summaries as needed

Data Quality Analytics - Support Role

• Act as anactuarial resource and advisorto the data quality analytics function supporting efforts to assess and improve the integrity of actuarial and claims datasets
• Assist in reviewing data validation frameworks quality scorecards and anomaly findings from an actuarial perspective
• Partner with data quality leads to identify the downstream actuarial impact of data integrity issues and help prioritize remediation efforts
• Provide guidance ondata standards and best practicesrelevant to actuarial applications and healthcare cost analysis

Research Support

• Provideactuarial research supporton healthcare cost trends utilization patterns population health and related topics
• Design and conduct quantitative analyses to support internal research initiatives white papers and publications
• Synthesize complex findings into clear actionable insights for both technical and non-technical audiences
• Stay current with industry research regulatory developments and actuarial literature relevant to health cost analysis

Ad Hoc Analytics

• Respond toad hoc analytical requestsfrom leadership clients or cross-functional teams with timely and accurate actuarial analysis
• Build and maintain reusable analytical tools models and templates to improve team efficiency

Minimum requirements

• Bachelors or Masters degree in a quantitative field (Bachelors degree is required)
• Associate of the Society of Actuaries (ASA) designationfrom the Society of Actuaries
• 7 years of actuarial experience preferably in health insurance managed care or a related field
• 3 years of direct people management experience including performance reviews goal setting and employee development
• Deep expertise inhealthcare cost analysis claims data and actuarial modeling
• Proficiency in analytical tools such asSQL R Python SAS or similar
• Strong understanding of medical coding systems (ICD-10 CPT DRG) and claims data structures
• Demonstrated ability tolead motivate and develop teamsin a fast-paced analytical environment
• Ability to work effectively in across-functional support capacity influencing outcomes without direct ownership
• Excellent written and verbal communication skills with the ability to present complex findings clearly to diverse audiences
• Travel to Millimans Chicago office for threeâconsecutiveâdays each quarter isârequired

Competencies and Behaviors that Support Success in this Role

• In-depth experience withhealthcare actuarial underwriting and rating products healthcare grouper logic or clinical classification systems
• Familiarity withdata governanceframeworks and data quality management practices
• Experience working in aresearch or consulting environment
• Knowledge of the healthcare regulatory and compliance landscape
• Experience with data visualization tools such asTableau Power BI or similar

The Teamâ

Milliman is one of the leading experts in healthcare financing and delivery. We advise clients on a wide range of issuesfrom assessing the impact of healthcare reform on organizations or populations to streamlining operations while advancing the quality of patient care. Our consulting work is supported by a powerful toolkit of data analytics solutions and informed by the most trusted comprehensive set of cost guidelines in the industry.ââââ

Through a team of professionals ranging from actuaries to clinicians technology specialists to plan administrators we offer unparalleledexpertisein employee benefits investment consulting healthcare life insurance and financial services and property and casualty insurance.â

Location:

This role is based out of the Milliman office in Chicago IL but candidates hired into this role may work remotely anywhere in the US or in the office on a weekly basis with flexible work arrangements. The expected application deadline for this job isAugust 19 2026.

Compensation:

The overall salary range for this role is $88800 - $208380. For candidates residing 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:

• $102120 - $184460 if overall experience is less than 10 years; and
• $115460 - $208380 for experience greater than 10 years.

All other states:

• $88800 - $160400 if overall experience is less than 10 years; and
• $100400 - $181200 for experience greater than 10 years

A combination of factors will be considered including but not limited to education relevant work experience qualifications skills certifications etc.

Benefits:

We offer a comprehensive benefits package designed to support employees health financial securityand 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 Opportunityâ

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:

Manager