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.

Milliman’s CMH Health Practice is looking for Actuarial Analysts to join their vibrant, dynamic, and growing practice. Actuarial Analysts (referred to as Professional Staff) will have the opportunity to work in a wide variety of areas within the healthcare industry, while working alongside some of the leading experts in the field.  

Who We Are  

Independent for more than 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, healthcare financing, risk management, regulatory compliance, data analytics, and business transformation. 

Job Responsibilities 

Perform data analysis using Excel, SAS, and proprietary Milliman programs to assist with consulting for various healthcare segments (Medicare Advantage and Part D, Commercial / ACA, Medicaid, Long Term Care, Pharmacy, Provider, and more)  Participate in consulting activities to include pricing, reserving, financial projections, model development, forecasting, and mergers and acquisitions Responsible for reviewing the work of peers and assisting with research and product development  Coordinate with Consultants, Managers, Professional Staff, and Interns as a project team to present client reports and deliverables  Responsible for the majority of the technical work, which may include analyzing data, completing actuarial calculations, developing and utilizing actuarial models, and implementing software solutions 

 Minimum requirements 

Bachelor’s or master’s degree in actuarial science, mathematics, economics, finance, accounting, or another major with quantitative course work    At least two actuarial exams passed 1-4 years of actuarial work experience (current or previous experience with Medicare Advantage is a plus) Thorough understanding of Microsoft Excel and actuarial concepts 

Competencies and Behaviors that Support Success in this Role 

Ambition and excitement for professional development within the actuarial field  Experience working with SAS, VBA, or other coding languages is advantageous   Experience with Medicare Advantage and Part D programs, Medicaid programs, commercial individual/group insurance, employer health benefits, pharmacy, or provider risk-taking programs strongly preferred  Strong communication skills (both verbal and written)   Analytical thinking skills to evaluate analyses for downstream impact   Can complete project deliverables, meet deadlines, and ensure compliance with quality procedures   Strong time management skills   Ability to work independently and in a team environment  Client-focused and results-oriented   Demonstrates integrity in all functions of work 

The Team  

Milliman is one of the leading experts in healthcare financing and delivery. We advise clients on a wide range of issues—from 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.  

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. 

Salary:

The overall salary range for this role is $60,300 - $136,160.

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:

$69,345 - $121,555 if overall experience is less than 2 years; and $77,740 - $136,160 for experience greater than 2 years.

All other states:

$60,300 - $105,700 if overall experience is less than 2 years; and $67,600- $118,400 for experience greater than 2 years

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

Location: It is preferred that candidates work on-site at our Brookfield, WI, Chicago, IL, or Hartford, CT office, however, remote candidates will be considered.

The expected application deadline for this job is May 25, 2026.

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 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. 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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