Consulting Actuary (FCAS) - Atlantic Region Property and Casualty

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 world's 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 (ERG's) 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 Milliman's commitments to our people, diversity and inclusion, social impact and sustainability: https://www.milliman.com/en/socialimpact

The 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 team's 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

In our practice, a Consulting Actuary is responsible for performing various levels of analysis related to client work. Supporting the Project Managers, the Consulting 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 client's business problems; pairs their strong technical skills with creativity; and is adept in independently managing their own workload.

Much of this person's 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 Consulting Actuary enjoys thinking critically to solve a client's 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.

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 client's 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
• Lead 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
• 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

• Fellowship in the Casualty Actuarial Society (FCAS), at the time of application
• A minimum of four 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 Bachelor's 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 technical accuracy
• Proactive when faced with an inconsistency, missing information or an unusual result; inclined to first investigate and then consult with Principals
• The ability to work collaboratively and organize various client needs simultaneously across multiple 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 $107,400 - $247,560. 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:
  
  
  
  • $118,140 - $200,860 if overall experience is less than 10 years; and
  • $133,430 - $226,930 for experience greater than 10 years
  
  
  
  
• New York City, Newark, San Jose, or San Francisco:
  
  
  
  • $128,880 - $219,120 if overall experience is less than 10 years; and
    $145,560 - $247,560 for experience greater than 10 years
  
  
  
  
• All other states:
  
  
  
  • $107,400 - $182,600 if overall experience is less than 10 years; and
    $121,300 - $206,300 for experience greater than 10 years.
  
  
  
  

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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